The Silicone except Resins Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033)
Learn More On The Silicone except Resins Market:
https://www.thebusinessresearchcompany.com/report/silicone-except-resins-global-market-report
According to The Business Research Company’s Silicone except Resins Global Market Report 2024, The silicone market size has grown rapidly in recent years. It will grow from $21.21 billion in 2023 to $24.8 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to growing industrial applications, demand for electronics and electricals, construction boom, growing healthcare sector, growing automotive industry.
The silicone market size is expected to see rapid growth in the next few years. It will grow to $43.47 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to growing renewable energy, demand for electrification of vehicles, demand for smart and green buildings, growing pharmaceuticals and biotechnology, . Major trends in the forecast period include silicone recycling, silicone 3d printing, bio-based silicones, silicone in healthcare wearables, silicone in cosmetics.
The growth in automobile sector is expected to propel the growth of the silicon (except resins) market going forward. The automobile sector refers to a group of businesses and institutions engaged in the creation, production, marketing, and sale of vehicles. Silicones are used in the manufacturing of engine gaskets, seals, and hoses. These components need to withstand high temperatures, pressure, and exposure to various chemicals, making silicones ideal due to their heat resistance and durability. For instance, in March 2022, according to a report published by the European Automobile Manufacturers’ Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Over 6.3 million passenger cars were produced in US auto facilities in 2021, an increase of 3.1% from 2020. Chinese automakers produced 20.7 million vehicles in 2021, an increase of 7.1%. In 2021, the total number of cars produced worldwide climbed by 2.7% to 63.2 million. Therefore, the growth in the automobile sector is driving the growth of the silicon (except resins) market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=13069&type=smp
The silicone except resins market covered in this report 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 User: Industrial; Electronics; Machinery; Aerospace; Medical
The silicone except resins market report table of contents includes:
1. Executive Summary
2. Silicone Market Characteristics
3. Silicone Market Trends And Strategies
4. Silicone Market – Macro Economic Scenario
5. Global Silicone Market Size and Growth
.
.
.
26. South America Silicone Market
27. Brazil Silicone Market
28. Middle East Silicone Market
29. Africa Silicone Market
30. Silicone Market Competitive Landscape And Company
Top Major Players:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The endpoint detection and response global market report 2024from The Business Research Company provides comprehensive…
The immunoglobulin e (ige) allergy blood tests global market report 2024 from The Business Research…
The 3d printed wearables global market report 2024from The Business Research Company provides comprehensive market…
The veterinary eye care global market report 2024from The Business Research Company provides comprehensive market…
The structural heart devices global market report 2024from The Business Research Company provides comprehensive market…
The genetic toxicology testing global market report 2024from The Business Research Company provides comprehensive market…