{"id":530448,"date":"2021-02-16T14:40:02","date_gmt":"2021-02-16T14:40:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=530448"},"modified":"2021-02-16T14:40:02","modified_gmt":"2021-02-16T14:40:02","slug":"silicone-market-size-estimated-to-reach-2355-billion-by-2027-with-cagr-of-48-rapid-growth-in-demand-for-silicone-in-electrical-electronics-industry-reports-and-data","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/silicone-market-size-estimated-to-reach-2355-billion-by-2027-with-cagr-of-48-rapid-growth-in-demand-for-silicone-in-electrical-electronics-industry-reports-and-data_530448.html","title":{"rendered":"Silicone Market Size Estimated to Reach $ 23.55 Billion by 2027 With CAGR of 4.8%, Rapid Growth in Demand for Silicone in Electrical &#038; Electronics Industry | Reports and Data"},"content":{"rendered":"<div style=\"float:right;  width:250px; padding:8px 10px 10px 10px;\"><a href=\"https:\/\/www.abnewswire.com\/uploads\/1613458854.png\" style=\"border:none !important;\" target=\"_blank\" rel=\"nofollow\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"Silicone Market Size Estimated to Reach $ 23.55 Billion by 2027 With CAGR of 4.8%, Rapid Growth in Demand for Silicone in Electrical &amp; Electronics Industry | Reports and Data\" src=\"https:\/\/www.abnewswire.com\/uploads\/1613458854.png\" alt=\"Silicone Market Size Estimated to Reach $ 23.55 Billion by 2027 With CAGR of 4.8%, Rapid Growth in Demand for Silicone in Electrical &amp; Electronics Industry | Reports and Data\" width=\"225\" height=\"225\" \/><\/a><\/div>\n<div style=\"font-style:italic; padding:8px 0px;\">The rapidly rising demand for silicone across numerous end-use industries is a significant factor influencing the global market growth. Market Size \u2013 USD 16.02 billion in 2019, Market Growth &#8211; CAGR of 4.8%, Market Trends \u2013 A significant surge in demand for silicone in the electrical &#038; electronics industry\n<\/div>\n<p style=\"text-align: justify;\">The <strong><a rel=\"nofollow\" href=\"https:\/\/www.reportsanddata.com\/report-detail\/silicone-market\">global silicone market<\/a><\/strong> is expected to be valued at USD 23.55 Billion in 2027 from USD 16.02 billion in 2019, registering a CAGR of 4.8% through the forecast period. Silicones are high-performance specialty materials mainly comprising polymers and siloxane, a combination of silicon, oxygen, carbon, and hydrogen. The initial phase of silicone production involves a chemical reaction between silicon and methyl chloride to produce silanes, enabling the production of siloxanes, and eventually, silicones. Silicones are lightweight and offer robust resistance to moisture, heat, ultraviolet (UV) radiation, and various harmful chemicals. High durability, strong adhesion, dielectricity, radiation resistance, foam control, hydrophobicity, glossiness, and flexibility are the prominent characteristics of silicones. Hence, silicones&rsquo; superior chemical and physical properties make them highly suitable for use in the construction, consumer electronics, personal care, healthcare, and automotive industries.<\/p>\n<p style=\"text-align: justify;\">The global silicone market growth is primarily attributed to the increasing applications of silicone in the aforementioned industries, extensive usage in a wide range of industrial processes, increasing use of liquid silicon rubber in the manufacturing sector, and growing usage in the construction industry for weatherproofing and glazing. The augmenting use of silicone in the manufacture of adhesives and coatings and the rising adoption of anti-microbial silicone elastomers in the healthcare sector for bandage coating, eye lenses, and medical implants, further bolster the growth of this market. The automotive industry widely utilizes silicone for connector seals, wiper blades, gaskets, spark plug boots, turbocharger hoses, and ignition cables.<\/p>\n<p style=\"text-align: justify;\"><strong>Get a FREE Report Sample with Table of Contents and Figures @&nbsp; <\/strong><a rel=\"nofollow\" href=\"https:\/\/www.reportsanddata.com\/sample-enquiry-form\/1304\"><strong>https:\/\/www.reportsanddata.com\/sample-enquiry-form\/1304<\/strong><\/a><\/p>\n<p style=\"text-align: justify;\"><strong>&nbsp;<\/strong>Moreover, manufacturers are increasingly focusing on technologically advancing silicone products to enhance their viability and efficiency for industrial uses. For instance, ultra-pure silicone is significantly employed in solar panels, photovoltaic power generation, and nano-electronics. Ultra-pure silicone is a highly processed and the purest form of silicone. It also finds various medical applications, such as respiratory masks, medical tubing and valves, and instrument handles and membranes.<\/p>\n<p style=\"text-align: justify;\"><strong>Key findings of the report:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Based on the product type, the elastomers sub-segment held a significant 44.81% market share by 2019. This segment is expected to maintain its market dominance throughout the forecast timeframe, supported by the ever-increasing usage of silicone elastomers across the automotive, construction, and healthcare industries.<\/li>\n<li>Based on the raw material type, the silicon sub-segment is estimated to register the highest CAGR of 4.8% over the projected period. The extensive usage of silicon in the electronics and semiconductor sectors is a key factor propelling the growth of this segment. In the molten state, silicon can be easily molded into semi-conductive wafers, which are then used in integrated circuits.<\/li>\n<li>The Asia Pacific region is poised to account for the highest revenue share in the global silicone market in the forthcoming years. Rapid industrialization, especially in developing countries like India and China, a significant rise in construction activities, the expanding automotive industry, and the growing consumption of silicone in the pharmaceutical and electronics industries fuel the regional market growth. &nbsp;<\/li>\n<li>The key industry participants include Dow Corning Corp., Evonik Industries AG, Kemira Oyj, Hutchinson, CSL Silicones Incorporated, Silchem, Inc., RUSNANO, Wacker Chemie GmbH, Shin-Etsu, Quantum Silicones, and Silteq Ltd.<\/li>\n<li>In November 2020, Elkem Silicones, a global leader in silicone technology, showcased its new range of innovative silicone technologies and products at the China International Import Expo (CIIE), 2020.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><br \/>Access complete <\/strong><strong>report<\/strong><strong> description, toc, chart, etc.@ <\/strong><a rel=\"nofollow\" href=\"https:\/\/www.reportsanddata.com\/report-detail\/silicone-market\"><strong>https:\/\/www.reportsanddata.com\/report-detail\/silicone-market<\/strong><\/a><\/p>\n<p style=\"text-align: justify;\">For the purpose of this study, the global silicone market has been segmented on the basis of product type, raw material, application, and region:<\/p>\n<p style=\"text-align: justify;\"><strong>By Product Type (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Elastomers<\/li>\n<li>Gels<\/li>\n<li>Fluid<\/li>\n<li>Resins<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>By Raw Material (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Silicon<\/li>\n<li>Oxygen<\/li>\n<li>Others<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>By Application (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Industrial processes<\/li>\n<li>Electrical &amp; Electronics<\/li>\n<li>Building &amp; Construction<\/li>\n<li>Healthcare<\/li>\n<li>Others<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><br \/>Order Now : @ <\/strong><a rel=\"nofollow\" href=\"https:\/\/www.reportsanddata.com\/checkout-form\/1304\"><strong>https:\/\/www.reportsanddata.com\/checkout-form\/1304<\/strong><\/a><\/p>\n<p style=\"text-align: justify;\"><strong>By Region (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)<\/strong><\/p>\n<p style=\"text-align: justify;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North America<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S.<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada<\/p>\n<p style=\"text-align: justify;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.K.<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BENELUX<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rest of Europe<\/p>\n<p style=\"text-align: justify;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asia Pacific<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rest of Asia Pacific<\/p>\n<p style=\"text-align: justify;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Latin America<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rest of Latin America<\/p>\n<p style=\"text-align: justify;\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Middle East &amp; Africa<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.A.E.<\/p>\n<p style=\"text-align: justify;\">&bull;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rest of Middle East &amp; Africa<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>About Reports and Data<\/strong><\/p>\n<p style=\"text-align: justify;\">Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client&rsquo;s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.<\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/reportsanddata.com_38777.html\" rel=\"nofollow\">Reports and Data<\/a><br \/><strong>Contact Person:<\/strong> John Watson<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=silicone-market-size-estimated-to-reach-2355-billion-by-2027-with-cagr-of-48-rapid-growth-in-demand-for-silicone-in-electrical-electronics-industry-reports-and-data\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Phone:<\/strong> +1-212-710-1370<br \/><strong>Address:<\/strong>40 Wall St. 28th floor  <br \/><strong>City:<\/strong> New York City<br \/><strong>State:<\/strong> NY 10005<br \/><strong>Country:<\/strong> United States<br \/><strong>Website:<\/strong> <a href=\"https:\/\/www.reportsanddata.com\/press-release\/global-silicone-market\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.reportsanddata.com\/press-release\/global-silicone-market<\/a><\/p>\n<p><object type=\"text\/html\" data=\"https:\/\/www.reportsanddata.com\/press-release\/global-silicone-market\" style=\"width:900px; height:400px;\"><\/object><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=silicone-market-size-estimated-to-reach-2355-billion-by-2027-with-cagr-of-48-rapid-growth-in-demand-for-silicone-in-electrical-electronics-industry-reports-and-data\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rapidly rising demand for silicone across numerous end-use industries is a significant factor influencing the global market growth. Market Size \u2013 USD 16.02 billion in 2019, Market Growth &#8211; CAGR of 4.8%, Market Trends \u2013 A significant surge in &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/silicone-market-size-estimated-to-reach-2355-billion-by-2027-with-cagr-of-48-rapid-growth-in-demand-for-silicone-in-electrical-electronics-industry-reports-and-data_530448.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,435,405,403,404],"tags":[],"class_list":["post-530448","post","type-post","status-publish","format-standard","hentry","category-Business","category-Europe","category-Health-Medicine","category-UK","category-US"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/530448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=530448"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/530448\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=530448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=530448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=530448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}