Increasing Usage of Silicone in Construction Industry
Growth in infrastructure in the emerging nations is driving the overall global demand for construction chemicals, which, in turn, is expected to drive the demand for silicone in the coming years. In the construction industry, silicones are used in structural glazing and weatherproofing, while contributing to energy efficiency of the buildings. They also help to improve in-shop productivity, reduce material waste, extend building life, and reduce lifecycle costs. There is huge expenditure incurred on infrastructure in the developing nations, like China and India, which is driving the global silicone market, especially in the Asia-Pacific region.
Construction Industry to Dominate the Silicone Market
By end-user industry, construction dominated for silicones, with a larger share in 2016. In the construction industry, silicones are used in structural glazing & weatherproofing, while contributing to energy efficiency of the buildings. They also help to improve in-shop productivity and reduce material waste, while extending building life and reducing lifecycle costs.
Asia-Pacific to Lead the Market with Highest Share
In 2016, Asia-Pacific was the leading consumer of silicone, accounting for largest share of the global silicone market. The growing market in China is one of the prominent reasons for the growth of the Asia-Pacific silicone market through the years. Rising awareness and use of liquid silicon rubber due to modern manufacturing and injection molding technology in the region are expected to offer numerous opportunities for the silicone market growth.
Major Players: BASF SE, Wacker Group, Shin-Etsu Chemical Company, Ltd., Evonik Industries AG, and Ashland Inc., amongst others.
Reasons to Purchase this Report
To understand the impact of increasing stringent regulations on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel)
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Technological Snapshot
3.4 Import & Export Trends
3.5 Regulatory Policy Analysis
4. Market Dynamics
4.1.1 Increasing Use in the Construction Industry
4.1.2 Rising Demand From the Beauty and Personal Care Industry
4.1.3 Growing Use in Electronics Industry
4.2.1 Adverse Health Impact of Silicones
4.2.2 Rising Costs of Silicon Metal and Methyl Chloride
4.3.1 Rising Awareness and Use of Liquid Silicon Rubber Due to Modern Manufacturing and Injection Molding Technology
4.3.2 Other Opportunities
5. Market Segmentation and Analysis- (Market size, Growth, and Forecast)
5.1 By Product Form
5.1.1 Greases and Fluids
5.2 By Application
5.2.1 Paints, Polishes & Coatings
5.2.2 Adhesives & Sealants
5.2.3 Processing Aids
5.3 By End-User Industry
5.3.3 Beauty & Personal Care
6. Regional Market Analysis- (Market size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Products & Services, Financials**, Recent Developments, and Analyst View)
9.1 3M Co.
9.2 Arkema SA.
9.3 Ashland Inc.
9.4 BASF SE
9.5 Bluestar Silicones
9.6 Chase Corporation
9.7 Emerald Performance Materials LLC
9.8 Evonik Industries AG
9.9 Gelest Inc.
9.10 ICM Products
9.11 Jiangsu Hongda New Material Co. Ltd.
9.12 Jiangxi Xing Huo Organic Silicon Factory
9.13 Kaneka Corporation
9.14 The Sherwin-Williams Company
9.15 Wacker Group
*List Not Exhaustive
**Subject to Feasibility & Availability on Public Domain
- 3M Co.
- Arkema SA.
- Ashland Inc.
- BASF SE
- Bluestar Silicones
- Chase Corporation
- Emerald Performance Materials LLC
- Evonik Industries AG
- Gelest Inc.
- ICM Products
- Jiangsu Hongda New Material Co. Ltd.
- Jiangxi Xing Huo Organic Silicon Factory
- Kaneka Corporation
- The Sherwin-Williams Company
- Wacker Group