Silicone market forecast at $31.2 billion by 2030
Pune, India – The Silicone Market is estimated at USD 17.8 Bn in 2022 & strengthening the market value to USD 31.2 Bn by 2030, at Compound Annual Growth of 7.47% according to Market Data Centre. The Silicone Market is projected to grow at a solid pace during the forecast period. The presence of key players in the ecosystem has led to a competitive and diverse market. The advancement of digital transformation initiatives across multiple industries is expected to drive the worldwide Silicone Market during the study period.
This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Silicone Market from 2017-to 2021 and provides extensive market forecasts from 2022-to 2030 by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Silicone Market.
On the basis of Geography, the Global Silicone Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global Silicone Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.
The growing number of Silicone Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.
List of Companies Covered in the Silicone Market Report are: Eastman Chemical Company, Huntsman International LLC., Saint-Gobain, SABIC, Exxon Mobil Corporation., Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Momentive, GELEST, INC., KCC CORPORATION, and Avantor, Inc., among others.