Dow Chemical Company starts Siloxane Polymer Plant in Kentucky to Increase Siloxane Production
Siloxane is unstable organosilicon compound that contains recurrent silicon-oxygen bonds in linear or cyclic forms. Siloxanes are also used to make silicones in varies shapes and forms. It can be in the form of solid, semi-viscous, liquid or oil. Siloxane’s characteristics like mobility, durability, gas permeability, moisture resistance and inertness make it ideal for industrial use. Sealants, adhesives, hygiene products, coatings, medical devices and food contact materials are some of the popular industrial applications of Siloxane.
Fact.MR report indicates that global siloxane market will experience a rapid growth in forecast period 2019-2027 and will exceed US$ 25Bn evaluation by 2027. The market is anticipated to produce 3000 thousand tons of Siloxane by the end of the forecast period.
Siloxane is active component of low-calorie food products
Traditionally, Siloxane products were limited to developed countries but the focus has shifted towards developing nations. Many factors like economic development, rise in income levels and improved living standards in developing nations have develop a market for siloxane products. Sealant, adhesive and lubricant segment drives the global siloxane market. Some other prominent Siloxane applications include biomedical implants and electrical wire insulation. Food and cosmetics industry also propels global siloxane market. Generally, siloxane is used in low-calorie food products like salad dressings, potato chips and mayonnaise to improve its looks and texture. Personal care industry exploits siloxane as solvent in hair care and skin care range of products as they are odorless and cause least skin irritation. Increase in consumption of health care products gives a healthy growth to the global market of silicones and siloxane.
The study on the global siloxane market provides granular assessments of key growth dynamics and opportunities in the market. These include a comprehensive analysis of the regulatory and strategic landscape during the historical period on the global level and across numerous regions. Fact.MR offers data-driven insights through the siloxane market sizing and projections of various segments—shares and size—during the forecast period. The insights offered in the report are aimed at guiding companies and players to identify new growth avenues, winning imperatives, and untapped regional markets.
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In the making of the siloxane market study, the following are taken into:
- History Period: 2013 - 2018
- Base Period: 2013
- Estimated Year: 2027
- Forecast Period: 2019 – 2027
Interested market participants and readers can peruse the global market siloxane market report to get insights into and evaluation of:
- Key growth drivers and restraints, trends and opportunities, and major challenges influencing the adoption rate of offerings by various players in the siloxane market
- Major research and product development projects
- Promising technologies and favorable regulations in key regions
- Segments that will lose or gain shares in the next few years
- Value chain of key vendors and manufacturers
The siloxane market report provides estimations and the market sizing and prospects of various regions. To this end, the study makes in-depth segmentation of the following key regions:
- North America
- Latin America
- Middle East
The study also takes a closer look at the prevailing regulatory and macroeconomic frameworks and in the key country markets.
Fact.MR has been closely tracking shares and size, and factors shaping the demand and consumption dynamics of various offering by key players in the siloxane market over the past several years. To this end, the study segments the siloxane market on the following types:
The report, in order to offer a comprehensive assessment of the growth dynamics shaping the prospects of application, segments the overall siloxane market into:
- Electrical & Electronic
- Health & Personal Care
- Chemical Intermediate
Detailed profiling of the competitive landscape include following players:
- Dow Chemical Company
- Wacker Chemie AG
- Elkem ASA
- Momentive Performance Materials
- Shin-Etsu Chemical Co. Ltd.
- Dongyue Group Co. Ltd.
- Zhejiang XinAn Chemical Industrial Group Co Ltd
- Zhejiang Sucon Silicone Co., Ltd.
- China National BlueStar (Group) Co., Ltd.
- Hoshine Silicon Industry Co., Ltd.
- KCC Corporation
- XINGFA Group
Fact.MR strives to offer market analytics and business intelligence solutions to guide businesses in better strategy formulations in the siloxane market.
The siloxane market report will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the siloxane market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global siloxane market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the siloxane market.
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Asia Pacific leads
Siloxane market is lately experiencing lack of investment that curtails overall siloxane production. Elastomer manufacturers are the hard hit segment as siloxane serves as basis of silicone elastomer and its scarcity will have inverse effect on the elastomer production. Siloxane copolymer lubricant segment is experiencing shortage of major players compelling them to steer their R&D and product development programs to generate business and gain major market share. Stake holders are introducing custom products in various segments to gain greater penetration in market. Reduced production of siloxane has shot ups its cost which creates price issues for the manufacturers and end-users. Shin-Etsu Chemical Co., Wacker A.G. and Sun Chemical Corp. are few of the prominent companies that increased price of their siloxane products.
Major regions in global siloxane market are Asia Pacific, Europe and North America where Asia pacific dominates the market. Developing nations such as India and China utilize siloxane lubricants in metal processing and lubricant industries to make Asia-pacific a primary siloxane market. Amongst all the nations, China dominates Asia-Pacific siloxane market due to its large manufacturing presence in medical devices, elastomers and electronics.
Limited number of manufacturers in siloxane market are revamping their product strategies to gain high returns. Dow Chemical Company has adopted a new investment plan to accelerate siloxane production with installation of a new siloxane polymer plant. Wacker Chemie is another giant that is adding 250000 metric tons to its existing capacity in Germany.