SILICONE RESINS MARKET ANALYSIS

Silicone Resins Market, by Product Type (Pure Silicone, Polyester Resin, Methyl-Silicone, Methyl/Phenyl-Silicone, Alkyd Resins, Epoxy Resins, and Others (Polyacrylate Resins and Waterborne Silicone)), by Application (Building & Construction, Chemical, Paint and Coating, Personal Care, Electrical and Electronics, Pharmaceutical, Automotive and Others (Healthcare, etc.)), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Key Developments:

In October 2019, ALP Lighting Components expanded its injection molding facility at Niles, U.S. for optical silicone injection molding. Parts made from optical silicone are less susceptible to UV degradation and also provides high heat and impact resistance.
In September 2019, Sinicon Plastics Inc, a U.S. based silicone products manufacturer acquired Advance Machine & Tool Inc. for expansion of its metal and plastic machining capabilities.
In September 2019, U.S. based silicone products manufacturer - Specialty Manufacturing, Inc. (SMI) expanded its silicone business unit to meet the increasing demand for silicon products from its customers.
In September 2019, Petronas Chemical Group acquired the Dutch silicone manufacturer – Da Vinci Group allowing Petronas to diversify and expand its existing product portfolio. Along with silicones, the Da Vinci Group manufactures lube oil additives and other specialty chemicals.