The Silicone Global Market Report 2023, provides comprehensive information on the silicone market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Silicone Market’s Growth:
https://www.thebusinessresearchcompany.com/report/silicone-global-market-report
As per The Business Research Company’s Silicone Global Market Report 2023, the global silicone market size will grow from $18.31 billion in 2022 to $20.75 billion in 2023 at a compound annual growth rate (CAGR) of 13.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global silicone market size is expected to grow from $38.18 billion in 2027 at a CAGR of 16.5%.
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The silicone market is segmented:
1) By Product Type: Elastomers, Fluids, Gels, Other Product Types
2) By Application: Construction, Transportation, Electrical & Electronics, Textiles, Personal Care & Pharmaceuticals, Other Applications
3) By End Userr: Industrial, Electronics, Machinery, Aerospace, Medical
Asia-Pacific was the largest region in the silicone market in 2022.
The table of contents in TBRC’s silicone market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology, with 6500+ reports. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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