Global Market Size of Silicone Market – 10 Year Market Forecast

Chemicals

Silicone Market Size Forecast 2022-2029

 

The size of the global silicone market is expected to grow from USD 23.56 billion in 2022 to USD 47.51billion by 2029, at a CAGR of 11% during the forecasted period. Silicone has unique properties such as chemical stability, versatility, and resistance to high temperatures which are expected to drive the demand for silicone in various end-user industries including personal care, construction and industrial process. The industrial process segment industry is expected to account for the largest share of the silicone market during the forecast period due to its application in industrial processes such as industrial coatings, paint additives anti-foaming agents in offshore drilling, lubricants, and paper production.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database is a market research platform that studies the changing market trends for Silicone market.
• What was the cumulative market size value calculated for the global silicone market?

• The Cumulative market size value calculated for the global silicone market was USD 303 billion.
• What was the estimated CAGR value during the forecast period?

• The estimated CAGR value was 30% during the forecast period.
• How many countries from the APAC region were included in this report?

• Seven countries from the APAC region were included in this report.
• What are the sub-segments of the by type segment?

• The sub-segments of the by type segment are elastomers, fluids, resins, geels and other products.

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