World Silicones

World demand for silicones will rise 5.7 percent annually to $19.3 billion in 2019. The Asia/Pacific region will continue to be the strongest source of additional silicone demand, with electronics remaining its largest outlet. Construction will be the fastest growing market worldwide, with silicone gels among the fastest growing product types.This study examines the $14.6 billion world silicones industry. It presents historical demand data (2004, 2009 and 2014) and forecasts for 2019 and 2024 by market (e.g., electrical and electronic, construction, transportation, health and personal care, chemical) and product (e.g., elastomers, fluids, resins, gels) for 6 world regions and 15 major countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 34 industry participants, including Wacker Chemie, Momentive Performance Materials, and Shin-Etsu Chemical.