- The key vendors in the Global Silicones Market 2015-2019 are Bluestar Silicones, Dow Corning Corp., Momentive Specialty Chemicals Inc., Shin-Etsu Chemical Co. Ltd. and Wacker Chemie AG.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Silicones Market 2015-2019. One major trend upcoming in this market is the use of silicones in medical applications. Silicone is used in catheters and tubing, implants, transdermal drug delivery, skin adhesives, and other equipment. Silicones used in making medical products show superior performance properties and are more reliable. The Global Silicones market is expected to grow at a CAGR of 7.60 percent during the forecast period of 2014-2019.
The Global Silicones market is witnessing growth because of the growing end-users such as the Building and Construction, Automotive and Transportation, and Pharmaceutical and Healthcare sectors. The Construction and Automotive sectors are growing rapidly in emerging economies such as China and India, where silicones are used in various applications as sealants and adhesives.
“Silicone finds its application in airbag textiles in the automotive sector and other high-tech industries,” says Faisal Ghaus, Vice President of TechNavio Research.
“Innovations in silicone products that enhance the energy efficiency and safety have been and remain crucial for airbags.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
