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Global silicone solutions for leather and textiles market to expand to $760 million by 2025

  7/12/2019 - San Francisco, CA - The global silicone solutions for leather and textiles market is expected to reach $760.7 million by 2025, according to a report by Grand View Research, Inc. Rising demand for transparent silicone coatings in fabric manufacturing, owing to their superior properties such as improved durability, as well as water, dirt and temperature resistance, is the key factor for industry growth. In terms of revenue, the leather segment is projected to ascend at a CAGR of 3.7 percent over the forecast period. Textiles application dominated the global silicone market in the textile and leather industry with a global market share of over 93.5 percent in 2017. The U.S. silicone market in the textile and leather industry is anticipated to exceed 20.6 kilotons by 2025. Significant gains in the automotive manufacturing sector in emerging economies, including China, India and Mexico, as a result of favorable government schemes aimed to promote investments, is expected to increase the requirement for textile products. Asia Pacific had a strong customer base and accounted for 42.5 percent of the overall market revenue share in 2017. Ascending demand for textiles and apparel, and increased demand for technical textiles are factors expected to boost the market growth over the forecast period. The aforementioned scenario is likely to be reflected in key countries such as India, China, Japan and Australia in the coming years. The industry is characterized by mergers and acquisitions, capacity expansion, distribution and branding, and research and development to improve the market share of manufacturers. Some of the key companies present in the industry are The Dow Chemical Company, Wacker Chemie AG, Lanxess, Momentive Performance Materials, Inc. and Elkem ASA, The CHT Group, Arihant Dyechem, Elkay Chemicals Pvt. Ltd., Siltech Corporation and Shin-Etsu Chemical Co., Ltd. Continuous fragmentation and growing competition among retailers are the key factors anticipated to propel the consumption of leather over the next few years. Increasing demand for leather in footwear, wallets, luggage, jackets and belts is anticipated to spur the market demand for silicone-based chemicals in the industry. Furthermore, silicone is used in various applications including soles, laces and 3D printing in the footwear industry. With respect to this, increasing efforts by manufacturers such as Kenneth Cole, Alberto Torresi, Blackberrys and Louis Philippe in developing innovative and unique footwear designs are projected to boost the growth of the footwear segment in the leather industry. This, in turn, is likely to drive the silicone market in the leather industry. Over the past few years, the manufacturing industry has been increasing expenditure for the incorporation of good quality safety equipment in shop floors, and utility operating places. Furthermore, product innovation by companies including 3M and DuPont for the enhancement of advanced protective clothing catering to the manufacturing sector is expected to play a crucial role in increasing demand for silicone in the textile industry in the near future. Continuing further, technological innovation in terms of the emergence of smart textile products in the electronics manufacturing sector as a result of the capability to implement distinguished technologically advanced operations, including reacting and sensing to the surrounding, is likely to remain as a major factor positively influencing market growth over the next eight years.

Friday, July 19, 2019

Goodyear to report second quarter results July 26 - click to expand

Continental wins design complaint against Heuver Bandengroothandel B.V. - click to expand

Tire Industry Association elects Mason Hess of Purcell Tire & Rubber as board secretary - click to expand

Global liquid silicone rubber market forecast to reach $3.83 billion by 2026 - click to expand

Book of the day: Thermoplastic Elastomers - click to expand

PPG announces a $0.03 per share increase in the company’s dividend - click to expand

Thursday, July 18, 2019

Lubrizol Corporation announces acquisition of Bavaria Medizin Technologie GmbH - click to expand

Tire Industry Association appoints David Zielasko as vice president of marketing and communications - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

Continental begins construction of motorcycle tire factory in Thailand - click to expand

Maxxis to open distribution facility near Indianapolis, Indiana - click to expand

Wednesday, July 17, 2019

Career fair to be held during the Rubber Division's International Elastomer Conference - click to expand

Goodyear to invest $180 million in North Carolina tire plant - click to expand

Rep International names Jim Wirtz president - click to expand

NBR latex market size is forecast to exceed $2.4 billion by 2025 - click to expand

German RepRap launches 3D printing platform that can print liquid silicone rubber - click to expand

Wacker to showcase novel silicone laminate with electroactive properties at K2019 - click to expand

Tuesday, July 16, 2019

Toyo Tire to increase capacity at U.S. tire production facility in Bartow County, Georgia - click to expand

Nitrile butadiene rubber production in North America anticipated to reach 50,000 tons in 2023 - click to expand

Hillenbrand to acquire Milacron in cash-and-stock trade valued at $2 billion - click to expand

Goodyear declares quarterly dividend - click to expand

The International Rubber Study Group (IRSG) announces a call for rubber-related economic research papers - click to expand

Global green tire market forecast with a 20.63 percent CAGR through 2023 - click to expand

Monday, July 15, 2019

Goodyear sends silica science package to the International Space Station - click to expand

Wacker sets benchmarks in multimaterial printing and precision with ACEO technology - click to expand

GRI hires senior industry executive as head of global sales - click to expand

Tokai Carbon CB to increase prices in North America - click to expand

Bridgestone to launch new Blizzak studless winter tire - click to expand

Market Reports

Global farm tire market size is expected to reach $7.01 billion by 2025 - click to expand

Global silicone gel industry forecast at $2 billion by 2025 - click to expand

Asian and Pacific nitrile butadiene rubber market forecast at 820 thousand tons By 2023 - click to expand

Global liquid silicone rubber market is forecast to reach $3.83 Billion by 2026 - click to expand

Specialty tapes market forecast to reach $59.3 billion by 2024 - click to expand

NBR Latex Market size is forecast to exceed $2.4 billion by 2025 - click to expand

Global green tire market forecast with a 20.63% CAGR through 2023 - click to expand

Nitrile Butadiene Rubber production in North America anticipated to teach 50 thousand tons in 2023 - click to expand

Global silicone solutions for leather & textiles market to expand to $760 million by 2025 - click to expand

Global isoprene market is expected to reach $3.97 billion by 2025 - click to expand

Global aircraft pressure-sensitive tape market forecast at $354 million by 2024 - click to expand

Shape memory polymer market forecast with at a CAGR of more than 25% through 2025. - click to expand

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