US demand for silicones is forecast to climb 5.6 percent annually to $4.1 billion in 2016. Silicone resins and elastomers will be the fastest growing products, with elastomers overtaking silicone fluids as the largest segment by 2016. The industrial market will remain dominant while the construction segment grows the fastest as it rebounds from previous declines.
This study analyzes the $3.1 billion US silicone industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., fluids, elastomers, resins, gels), market (e.g., industrial, consumer, construction, medical) and application (e.g., vehicles and binders, elastomeric components, lubricants and greases, emollients, surfactants, conditioning agents, polishes, defoamers).
It also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry players, including Dow Corning, Momentive Performance Materials and Wacker Chemie.