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Sunday, 22 September 2019
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Markets & companies, Raw materials market

Silicone fluids and elastomers comprised the largest share of silicone demand in 2011

Thursday, 3 May 2012

The Freedonia Group’s latest study "Silicones” examines the US market for silicones by product, market, and application.

Silicone fluids and elastomers comprised the largest share of silicone demand in 2011, according to Freedonia’s new study "Silicones”. Source: Schlierner - Fotolia.com
Silicone fluids and elastomers comprised the largest share of silicone demand in 2011, according to Freedonia’s new study "Silicones”. Source:...

US demand for silicones is forecast to climb 5.6 percent annually to $4.1 billion in 2016, with advances accelerating strongly from the pace of the recession-impacted 2006-2011 period. This is one of the results of The Freedonia Group’s latest study "Silicones” that examines the US market for silicones by product, market, and application.

Silicone fluids and elastomers comprised the largest share of silicone demand in 2011, with each product accounting for more than 40 percent of the total. Silicone resins accounted for 11 percent of aggregate demand in 2011. Renewed strength in the construction industry will drive demand in this product segment, as silicone resins are primarily used in paints and coatings. The industrial market will remain by far the largest outlet for silicones. The motor vehicle segment is projected to provide the best growth opportunities. Among other markets, construction and medical products will achieve particularly rapid growth. Advances in the construction segment will be propelled by a strong recovery in building construction, particularly in the new residential segment, as well as by the use of high performance silicone-based adhesives, caulks, and coatings.

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