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Ceresana Publishes New Study on the Market for Silicones - The market research institute Ceresana forecasts worldwide sales of silicone to increase - Ceresana.com
Ceresana Publishes New Study on the Market for Silicones

 

NewswireToday - /newswire/ - Konstanz, Baden-Wuerttemberg, Germany, 2014/08/05 - The market research institute Ceresana forecasts worldwide sales of silicone to increase - Ceresana.com.

   
 
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Silicones are irreplaceable in many industrial sectors. Silicone elastomers, silicone oils and silicone resins are the most important product types that are manufactured based on quartz sand. They are utilized in construction, automotive and E&E industries as well as in medical technology, cosmetics, textiles and paper or in innumerable day-to-day goods. Growth of this market is astonishing: According to the latest study of Ceresana, worldwide revenues generated with silicones rose by 6.7% p.a. since 2005. In 2013, silicones valuing about US$15.5 billion were sold. The market research institute expects sales of silicone to increase by another 5% in the next years.

Multifunctionality
A decisive advantage for manufacturers of silicone is the variety of sales markets for silicone products. Demand is distributed evenly among several large sectors. The most important growth motors are the sectors construction and E&E. In the construction industry, silicones are mainly used as sealants, adhesives and in coatings. The continuous boom of the construction sector in China and the recovery of the American construction sector are likely to result in an increase of global market value in the construction industry by 5.4% p.a. in the upcoming years. Ceresana expects similarly high growth rates for the sector E&E, the application reporting the highest revenues. In this segment, silicones are already used in keyboards, computers, telephones and several other products, and application possibilities keep increasing. A new and strong growth market are lenses for LED lights made from silicone rubber.

Asia-Pacific Increasing World Market Share
Asia-Pacific accounted for more than half of global silicones production in 2013. China is the largest consumer of silicones worldwide. The gap to the second and third largest sales markets, Western Europe and the USA, is likely to widen in the future. However, China is still producing and using a larger amount of rather cheap products than of high-end specialty silicones. Thus, relative revenues (compared to consumption) in industrialized countries are much higher.

Elastomers and Silicone Oils Most Important Products
Especially because of the large E&E industry, Asia-Pacific consumes a disproportionately large amount of silicone elastomers. Net import in Asian countries will fall in the future, since China in particular massively expanded production capacity in previous years. Market values of elastomers in Western Europe and North America are almost as high as market values of silicone oils. The market for silicone resins has so far been accounting for a much smaller market share in all regions, but is likely to develop at sound growth rates.

The Study in Brief:

Chapter 1 provides a presentation and analysis of the global market for silicones including forecasts up to 2021: Demand in tonnes, revenues per product type and total market values as well as production will be depicted, split by world regions. This chapter will also include a concise and precise summary of the most important facts regarding production and characteristics of silicones and individual product types.
Chapter 2 provides detailed analyses of total demand, revenues generated with silicones as well as market values in construction, E&E, automotive, health and cosmetics as well as in other applications.
Chapter 3 offers a substantiated analysis of various applications of silicones: Data on demand development, split by the six world regions Western Europe, Eastern Europe, North America, South America, Asia-Pacific, and the Middle East/ Africa are given.
Chapter 4 provides profiles of the largest manufacturers, clearly arranged according to contact details, turnover, profit, product range, production sites, profile summary, products, and applications. Extensive profiles of 40 manufacturers are given, including Dow Corning, Momentive, Wacker Chemie, Shin-Etsu Chemical, Evonik and China National Bluestar.

About Ceresana
Ceresana (ceresana.com) is a leading international market research and consultancy company for the industrial sector and operates branch offices in Constance, Vienna and Hong Kong. For more than 10 years, it has been supplying several thousand customers from 55 countries with up-to-date market intelligence. Extensive market knowledge creates new prospects for strategic and operational decisions.

Ceresana's clients profit from practical consulting services, tailor-made single-client studies and more than 60 independent multi-client market studies.
The Ceresana business analysts are specialists in markets chemicals, plastics, additives, commodities, industrial components, packaging, and construction materials.

 
 
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Ceresana Publishes New Study on the Market for Silicones

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Publisher Contact: Martin Ebner - Ceresana.com 
+49 7531 94293 0 m.ebner[.]ceresana.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Ceresana securities in any jurisdiction including any other companies listed or named in this release.

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