SILICONE FLUIDS MARKET ANALYSIS

Regional Analysis

Market Outlook

Asia Pacific is the largest market for silicone fluids owing to factors such as increasing demand from the electronics industry, as well as the rapidly expanding automotive sector in emerging economies such as India and China. Other regions such as the Middle East, South America and Africa are also expected to witness steady industrialization and economic progress over the forecast period, and contribute significantly to the market share. The growth in North America market is expected to be slower compared to Asia Pacific as a result of the ongoing recovery from an economic crisis. However, the well-established automotive sector in countries such as U.K., Germany, Italy, and France has led to Europe emerging as the second largest market for silicone fluids. Furthermore, the growing scope of industrialization in Mexico is expected to benefit the North America.