SILICONE POLYMER MARKET ANALYSIS

Silicone Polymer Market, by Type (Elastomers, Fluids, Resins, Gels, and Others), by End-Use Industry (Industrial Process, Building & Construction, Transportation, Personal Care & Consumer Products, Electrical & Electronics, Pharmaceutical, Energy, and Others (Automobiles etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : May 2022
Code : CMI5017
Pages :140
Formats :
Excel and PDF
Industry : Polymers and Resins

Market Challenges And Opportunities

Drivers:

The growing demand for silicone polymers in various end-user industries including industrial process, building & construction, personal care & consumer products, and automobile is expected to drive market growth. Silicone polymers possess excellent superior properties such as chemical stability, versatility, and high resistance to temperature. These properties are expected to drive the demand for silicone polymers in the aforementioned end-user industries. Additionally, growing use of silicone polymers in the various high end applications such as electronics, aerospace, renewable energy, and electric vehicles is expected to boost up the demand for silicone polymers over the forecast period.

Market Restraints

Stringent regulations pertaining to applications of silicone polymer is expected to restrain the market growth during forecast period. For instance, EU regulators considers a REACH restriction proposal for the placing on the Consumer and Professional markets of D4, D5, and D6 as substances. The restriction would apply to silicone polymers on the European market. Moreover, lack of universal directives pertaining to manufacturing & applications of silicone polymer is expected to restrain the market growth during forecast period. Every country has different directives for applications of silicone polymer. Companies find it difficult to cope with these country wise regulations, which in turn discouraging the investment in the market and restraining the market growth.