The report titled "Global Silicone Market by Type, Application & Geography - Forecasts up to 2017" describes as well as classifies the global silicone market, where global volumes and revenues for silicones have been estimated and analyzed.
The report recognizes the driving forces and limitations in addition to evaluating winning imperatives, trends, challenges and opportunities. The revenues are predicted and the market is geographically classified as Europe, Asia-Pacific, North America, and Rest of the World (ROW). The report then covers estimation of revenues based on product types and applications.
Rapidly emerging end-user industries as well as increasingly developing emerging economies like India, China, and Brazil support the growth of silicone market. The unique features and properties of silicones turn its products to be durable, aesthetic, convenient, stable and reliable, thereby serving a wide range of applications, mainly in building and construction. The utility growth of silicones has been backed by its growing deployment in adhesives, sealants, caulks, coatings, and beyond. The market is also being driven by the growing demand for silicon in automotive and transportation markets as well as in medical and personal care.
Being a lucrative market, Asia-Pacific offers increased potential for the market players. The increasing household incomes, growing living standards, and an expanding middle class in the highly emerging economies of Asia-Pacific (China) drive the need for silicone-based high-quality products.
Based on revenue, the global silicones market has been forecasted to have a value of $13,080.0 M in 2011, reaching $19,424.0 M by 2017 with a CAGR of 6.8% from 2012 to 2017. Asia-Pacific forms a major part of global silicone market covering 40.1% of the overall market in 2011. Countries like India and China drive the Asia-Pacific market.