Silicone Resins Market Forecasts to 2028 – Global Analysis By Product (Methyl Phenyl Silicone Resins, Methyl Silicone Resins), Application (Adhesives & Sealants, Elastomers, Paints & Coatings) and By Geography
According to Stratistics MRC, the Global Silicone Resins Market is accounted for $4.54 billion in 2020 and is expected to reach $8.10 billion by 2028 growing at a CAGR of 7.5% during the forecast period. Factors such as growing electronics & electrical industry and increasing demand from paints & coatings industry are driving the growth of the market. However, stringent government regulations are hampering the growth of the market.
Silicone resin is a type of silicone material that is formed by cage-like oligosiloxanes. It has properties which include heat resistance, dielectric properties and weatherability. It is used in various end use industries to improve safety, reliability, and durability.
Based on the end user, the building & construction segment is anticipated to expand at a rapid pace during the forecast period due to the increasing urbanization and industrialization around the world. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the factors like cheap labor and availability of raw materials.
Some of the key players profiled in the Silicone Resins Market include The Dow Chemical Company, Evonik Industries AG, Kaneka Corp., AB Specialty Silicones, LLC, Elkem ASA , Genesee Polymers Corp., BRB International B.V., Siltech Corp., Wacker Chemie AG, Momentive Performance Materials Holdings, Inc., Hubei Jia Yun chemical technology Co., Ltd., Shin-etsu Chemical Co. Ltd., Iota Silicone Oil (Anhui) Co., Ltd., Kanto Chemical Co., Inc., and SiSiB SILANES (PCC Group).
• Methyl Phenyl Silicone Resins
• Methyl Silicone Resins
• Adhesives & Sealants
• Paints & Coatings
End Users Covered:
• Automotive & Transportation
• Healthcare & Pharmaceutical
• Building & Construction
• Electrical & Electronics
• Personal Care & Cosmetics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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