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Global silicone market forecast to reach $20 billion by 2021

Wednesday, September 13, 2017
Sarasota, FL - The global silicone market was valued at $15.0 billion in 2015 and is expected to reach $20.0 billion in 2021, growing at a CAGR of 5.1 percent between 2016 and 2021, according to Zion Market Research. Silicones are the polymers consisting of synthetic compounds with repeating units of siloxane. Siloxane is a chain of alternating silicon and oxygen atoms with carbon and hydrogen bonds. Silicone offers superior properties such as high binding capacity, radiation and water resistance, tear and tensile strength, transparency and coloring properties. Silicone rubber, silicone caulk, silicone oil, silicone resin and silicone grease are some key forms of silicone. The silicone market is expected to witness significant growth in the years to come. The market is mainly driven by increasing demand in construction and building across the globe. The growing and emerging chemical and automotive industries, especially in Asia Pacific region, is likely to boom the demand for silicone over the years to come. However, unstable prices of raw materials such as; methyl chloride and silicone metal for the production of silicone is expected to impede the growth of silicone market. The changing dynamics of research and development for product improvement by the major players are likely to open growth opportunities for the market in the near future. Based on the type of silicone, the global silicone market is bifurcated into resins, elastomer, gels, fluids and other products. Among mentioned types, the elastomer was the largest segment of global silicone market in 2015. It accounted for 37.13 percent of shares of the total market in 2015. Moreover, fluid is one of the fastest growing segments of silicone market in near future. The growing use of silicone fluid in the automotive and transportation industry is a driving factor for the silicone market. In addition, the increase in consumption of silicone in medical and personal care industry is expected to boost the demand for silicone during the years to come. Gels and resins are also important types that are projected to augment at a growing CAGR between 2016 and 2021. A host of applications across the wide range of applications includes the chemical industry, building and construction, plastics, paper, automotive and transportation, textile, medical and personal care, electrical and electronics, and other. The building and construction industry was the leading segment of the market in 2015. It accounted for more than 25 percent of the share of the entire market, and this growth is attributed to the growing construction industry across the globe. Emerging industrialization and urbanization are likely to propel the demand for silicone in the construction industry over the years to come. The chemical industry is the fastest growing segment and expected to remain competitive with the presence of a large number of vendors. The Asia-Pacific region dominated the market with the largest share of silicone consumption globally in 2015. China was the largest market among Asian countries, due to a large number of consumers. Asia Pacific was followed by Europe and North America in the same year. Moreover, Europe and the U.S. are likely to witness moderate growth within the forecast period owing to the huge stake in silicone development. Latin America, the Middle East and Africa would show decent growth in the silicone market in the coming years. Some of the major players of global silicone market are Bluestar Silicones, BASF SE, Emerald Performance Materials LLC, Momentive Performance Materials Inc., Zhejiang Xinan Chemical Industry Group Co. Ltd., Shin-Etsu Chemical Company, Specialty Silicone Products Inc., Nusil Technology, Wacker Chemie AG, The Dow Corning Corporation, Rogers Corporation, Kaneka Corporation and Jiangsu Hongda New Material Co. Ltd. - * Email


The Month in Review - Past 30 Days

Monday, September 25, 2017
ISO issues new standards to determine bio-based content of rubber products
Bridgestone donates $1 million to American Red Cross for hurricane relief
Nishikawa Rubber agrees to settle class-action lawsuit for price fixing
Showa Denko completes construction of BMC plant in China
BASF agrees to acquire Solvay's polyamides business for Ä1.6 billion

Friday, September 22, 2017
Goodyear acquires Ventech Systems GmbH
Book of the day - Rubber Molding Principles
Silicone defoamer market in India forecast to reach $299 million by 2024
Birla Carbon awarded 10 students from Kennesaw State University with sponsored scholarships
ASTM International president emphasizes partnerships at the general assembly of the ISO

Thursday, September 21, 2017
Reminder - International Elastomer Conference housing closes September 22
Liquid silicone rubber market to grow due to enhanced adoption for diverse end-use applications
Goodyear and Case Western Reserve launch shared mobility innovation competition
Silicone Elastomers and Thermoplastic Elastomers World Summits to be held November 28-29 in Munich
Researcher use acrylic elastomers to create flexible water-proof solar cells

Wednesday, September 20, 2017
Columbia University researchers developed a silicone based 3D-printable synthetic soft muscle
AdvantaPure introduces AdvantaSil High Pressure unreinforced silicone tubing
Engel opens MuCell Competence Center for structural foam in Stuttgart
Technavio announces top five leading vendors in the global silicone elastomers market from 2017-2021
Global rubber coated fabrics market forecast to reach $2 billion by 2022

Tuesday, September 19, 2017
Bridgestone Corporation named to the Dow Jones Sustainability World Index two years in a row
Michelin Scorcher tires are original equipment on select Harley-Davidson motorcycles
Global silicone elastomers market is forecast to grow at a CAGR of 6.52 percent
Continental employee at Lincoln, NE, plant celebrates 50-year anniversary
Davis-Standard acquires Maillefer International

Monday, September 18, 2017
Tire manufacturers communicate industry contributions, key issues to congress
Bridgestone launches training program for data scientists
Toyo Tire unveils airless concept tire
International Rubber Study Group adds two new members
Chicago Rubber Group fall technical meeting planned
Apollo Tyres named official tire partner by the Crystal Palace Football Club

Friday, September 15, 2017
Global natural rubber industry output increased to 12.4 million tons in 2016
Bluestar Silicones will officially take the name Elkem Silicones
Book of the Day - Resistance and Stability of Polymers
Hexpol TPE to showcase thermoplastic elastomers for a safe and healthy environment at Fakuma 2017
Rubber Consultants updates key analytical instrument

Thursday, September 14, 2017
Global tractor tires market forecast to grow at a CAGR of 5.06 percent through 2022
Goodyear announces plans to create new Luxembourg facility for premium tires
Michigan Rubber Group announces November 1 technical meeting
Rubber Consultants scientists to present papers at International Elastomer Conference
Continental presents two tire technology concepts for greater safety and comfort

Wednesday, September 13, 2017
Continental to introduce two new tire technology concepts at Frankfort Motor Show
DowDuPont revises its break-up plan
Troester appoints new CEO of its U.S. subsidiary
Global silicone market forecast to reach $20 billion by 2021
Bernal Industrial to represent Davis-Standard in Mexico

Tuesday, September 12, 2017
ZC Rubber expands into Europe with new offices in Germany
Birla Carbon's Greenfield facility in China commences operation
Malaysia to discuss the stability of rubber prices at International Rubber Tripartite Conference
Momentive Performance Materials files for $100 million initial public offering
Medical adhesive tapes market forecast to reach $8.76 billion by 2022

Monday, September 11, 2017
Teknor Apex to highlight Halguard for compliance with CPR at IWCS 2017
Yokohama has begun supplying Geolandar tires as original equipment for the new Jeep Compass
Goodyear announces intelligent tire trials and expands semi-autonomous fleet management solutions
ChemSpec to exhibit at the International Elastomer Conference
Michelin launches Pilot Sport 4 tires for India

Friday, September 08, 2017
Continental expands its agricultural tire business with technology and two new radial tires
Book of the day - Fatigue, Stress and Strain of Rubber Components, by Judson Bauman
Goodyear announces new senior leadership roles
Safic-Alcan expands partnership with Orion Engineered Carbons for European distribution
Nexen Tire to launch Hello Kitty tires in Japan

Thursday, September 07, 2017
Wacker Brazil celebrates 40th anniversary of its South American headquarters
ChemSpec now distributes Dow Walsroder nitrocellulose products in the U.S.
VMI opens new manufacturing facility in Poland
Apollo Tyres growing in European OE market
Fort Wayne Rubber Group technical meeting planned for September 14

Wednesday, September 06, 2017
Vystar expands product line and R&D development for deproteinized natural rubber
H.B. Fuller to acquire Royal Adhesives & Sealants for $1.575 billion
BASF increases prices for diols and derivatives in North America
New development extruder installed at Davis-Standardís Pawcatuck lab
Bridgestone and JFE Steel develop vibration control device for building construction

Tuesday, September 05, 2017
Global rubber molding market forecast at CAGR of 5.3 percent through 2022
Roof coating market forecast to reach $1.94 billion by 2022
Bridgestone reminds parents to check tires for Baby Safety Month
4th Europe Rubber Processing Week 2017 to be held in Amsterdam
Toyo Tire U.S.A. Corp. promotes Roy Bromfield to president and CEO
Goodyear expands innovation network to Silicon Valley

Monday, September 04, 2017
Toyoda Gosei to build new plant in Vietnam
Huber closes $630 million sale of silica business to Evonik Industries
The Emirate of Sharjah builds 1.3 km rubber walkway on beach
Liquid silicone rubber market forecast to reach $3.82 billion by 2026
CKR Carbon to provide Aukam graphite for testing in high performance tires in Europe

Friday, September 01, 2017
Explosions and smoke reported at Arkema's flooded facility north of Houston
BASF to increase the price of neopentylglycol in North America
Minnesota Rubber and Plastics announces website launch
Shin-Etsu to invest $21.8 million to expand silicone production capacity of Akron plant

Thursday, August 31, 2017
Rubber Division offering 20 percent off upcoming September training courses
Global EPDM market forecast to grow at a CAGR of 7.36 percent through 2021
European specialty silicone supplier CHT Group acquires Michigan based ICM Silicones
Association for Rubber Products Manufacturers names Hexpol Compounding a 2017 Safety Award Winner.
Gluco announces new partnership with Multiplas

Wednesday, August 30, 2017
Goodyear uses soybean oil-based rubber in tires
Smithers tire testing expert provides training to Chinese tire industry
Birla Carbon awarded gold rating by EcoVadis for second consecutive year
Sumitomo Rubber to merge with Dunlop Sports
Alliance Rubber partners with University of Sussex to infuse graphene into rubber

Tuesday, August 29, 2017
Birla Carbon announces appointment of Mark Bass as regional president
Tire Industry Association 2017 board of directors election deadline is September 1
Sumitomo accelerates its development of specialized tires for electric vehicles
ExxonMobil purchases former Lion Copolymer SBR site in Baton Rouge, LA
Continental's Marysville conveyor belt plant celebrates 50th anniversary

Monday, August 28, 2017
Goodyear and United Steelworkers sign five-year contract
Yokohama Europe celebrates anniversary with a microsite of company's history
Nagase America acquires Fitz Chemical
Indonesia to trade rubber for Russian jets
Continentalís Halstead, KS, conveyor belt plant receives national safety award
Center for the Polyurethanes Industry announces finalists for 2017 polyurethane innovation award




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