What is Silicone ?
Silicone is a synthetic polymer or product consisting of chains of alternating silicon and oxygen atoms. Silicones have diverse forms and applications.Silicones are also known as polysilioxane based on polymerized chain of silicon and oxygen atoms. Silicone has variety of forms like fluids, resins, elastomers etc. Silicone is used as modern age plastic.
Silicones are widely used instead of traditional plastics owing to the following properties :
- Low thermal conductivity
- Thermal stability
- Water Resistant
- Strong resistance to oxygen, ozone, and ultraviolet (UV) light.
- Low chemical reactivity
- Low toxicity
- Electrical insulation properties.
Silicone Market
Silicone Market is foreseeing an exponential growth due to its various applications and benefits over plastics. In this age of technological advancements, the silicone products are used as replacement for organic polymers which has given silicone market an impetus to strengthen its position in polymer industries market.
The Silicone Market is classified further on the basis of following :
Geography:
The list below mentions the geographical regions with market revenue share in descending order of silicone consumption and production.
- Asia-Pacific
- Europe
- North America
- Rest of World (ROW)
Applications:
Silicones have wide range of applications owing to it's properties. The following list mention the application areas of the silicones.
- Automotive and Transportation
- Electronics and Electrical
- Plumbing and Building Construction
- Medicine and Personal care
- Lubricants and Coatings
- De-foaming and Dry cleaning
- Fire-stops
- Adhesives and Sealants
Proper use of silicones in the applications for which they are designed, silicones prove to be safe, and act as environmentally responsible materials that can help
us maintain the ecological balance.
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| Source : www.dowcorning.com |
Market Trends and Forecast
The factors affecting silicone market trends are as follows :
- Emerging economies of Developing countries
- Technological advancement and innovations
- Increasing end-user applications.
The key players in the global silicone market are Dow Corning (U.S.), Momentive (U.S.), Wacker Chemie (Germany), Bluestar Silicones (France), Shin-Etsu (Japan), etc.
The silicone market is expected to poise to USD 19,424 million by 2017 as compared to estimated revenue worth USD 13,080 million in 2011 with a CAGR of 6.8 % from 2012 to 2017. Asia Pacific is market leader with strong speculation to grow in coming years followed by Europe and North America.
For more Information, follow the links below :
http://www.dowcorning.com/content/discover/discoversafety/?wt.svl=FS_readmore_home_SUST
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