According to Stratistics MRC, the Global Silicone Resins Market is accounted for $4.54 billion in 2020 and is expected to reach $8.10 billion by 2028 growing at a CAGR of 7.5% during the forecast period. Factors such as growing electronics & electrical industry and increasing demand from paints & coatings industry are driving the growth of the market. However, stringent government regulations are hampering the growth of the market.
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Based on the end user, the building & construction segment is anticipated to expand at a rapid pace during the forecast period due to the increasing urbanization and industrialization around the world. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the factors like cheap labor and availability of raw materials.
Some of the key players profiled in the Silicone Resins Market include The Dow Chemical Company, Evonik Industries AG, Kaneka Corp., AB Specialty Silicones, LLC, Elkem ASA , Genesee Polymers Corp., BRB International B.V., Siltech Corp., Wacker Chemie AG, Momentive Performance Materials Holdings, Inc., Hubei Jia Yun chemical technology Co., Ltd., Shin-etsu Chemical Co. Ltd., Iota Silicone Oil (Anhui) Co., Ltd., Kanto Chemical Co., Inc., and SiSiB SILANES (PCC Group).
Types Covered:
• Water-Borne
• Solvent-Borne
Products Covered:
• Methyl Phenyl Silicone Resins
• Methyl Silicone Resins
Applications Covered:
• Adhesives & Sealants
• Elastomers
• Paints & Coatings
End Users Covered:
• Automotive & Transportation
• Defense
• Chemical
• Healthcare & Pharmaceutical
• Building & Construction
• Electrical & Electronics
• Industrial
• Personal Care & Cosmetics
• Telecommunications
• Textile
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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