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North America Silicones Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

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North America Silicones Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

June 28
01:00 2022
North America Silicones Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.
North America Silicones Market Report and Forecast 2021-2026
North America Silicones Market To Be Driven By A Rise In Demand In Personal Care, Healthcare And Medical, Transportation, And Renewable Energy Sectors During The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘North America Silicones Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the North America silicones market, assessing the market based on its segments like type, application, segment, and regional markets among others. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents – https://bityl.co/CTOv

The key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 4%

Growing demand for silicones in the personal care, renewable energy, and healthcare sectors is driving the North American silicones market. In 2017, the region accounted for about a quarter of the worldwide market, and it was both the largest market and the top exporter of silicone additives. In 2017, it was also the largest market for medical grade silicones. Due to increased demand in plastics and composites, paper and pulp, paints and coatings, chemical production, and food and beverages, North America is the primary market for silicone additives. The region is also a prominent market for medical grade silicones, owing to robust development in the healthcare sector and the presence of numerous significant producers.

Industry Definition and Major Segments

Silicones are polymers made up of repeatedsiloxane units or chains of silicon and oxygen atoms. It has features like water resistance, tensile strength, high binding capacity, and transparency, among others, due to its molecular structure. It is suited for high temperature and high voltage power production applications due to the strong bonding between oxygen and silicon atoms. Furthermore, silicone grease is commonly utilised in gas-insulated switchgear flange connections. Silicone grease is a semifluid consisting of a thickening agent dispersed in a liquid lubricant. It protects against corrosion and, as a result, SF6 gas leakage.

Read Full Report with Table of Contents – https://bityl.co/CTOu

On the basis of Type, the North America Silicones market is segmented into:

• Elastomers

• Fluids
• Gels
• Resins

Based on Application, the North America Silicones market is categorised as:

• Industrial Process
• Construction Materials
• Home and Personal Care
• Transportation
• Energy
• Others

 

On the basis of Segment, the North America Silicones market is divided into:

• D5
• Emulsion

The major regional markets of the North America Silicones market are:

• United States
• Canada

Market Trends

A growth in demand in the personal care, healthcare and medical, transportation, and renewable energy sectors is driving the North American silicones market. Silicones are in high demand in the medical industry for cosmetic implants, cardiac implants, and other medical equipment placed into patients’ bodies. Silicone-based automotive components are also gaining popularity in the region’s transportation industry. Silicones are employed in windmill shafts and solar power cells in North America’s energy industry. Other important application sectors in the region include construction and electronics. In terms of silicones, the region is self-sufficient and trades its surplus to regions with a supply shortage, such as Mexico. Due to increased demand in the healthcare and personal care industries, the area exports pharma-grade silicones to Asia Pacific countries such as China, Korea, and Japan. China purchased 17% of its silicones from the United States in 2016. Even though, Europe and North America are both self-sufficient in terms of silicones need, commerce flows between the two regions due to downstream demand for silicones of specified quality and grade.

Key Market Players

The major players in the market are Elkem Silicones, Dow Chemical Company, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd, Momentive Performance Materials Inc., Evonik Industries AG, NuSil Technology LLC, Advanced Polymer Inc., SiVance, LLC, Siltech Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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