End customers for silicone manufacturers
It is estimated that even 10% share in the silicone market falls on the transport industry. I am talking here about the broadly understood transport industry, which includes motorization as well as sea and air transport. Silicones are used for the production of ignition coils, radiator seals, hull seals in marine ships and many other components that make up ships and vehicles. Outside the transport industry, silicones are used in most manufacturing companies regardless of their main business profile. As a rule, these are companies that produce so-called consumer goods. Silicone is also a valued material in the construction, cosmetics, textile and electronics industries
Trends on the silicone market
Silicones are valued for the fact that their production emits low emissions of CO2 and other greenhouse gases. According to estimates for 2022, the main silicone producers will be companies from Asia-Pacific. European producers should occupy the second place. According to Allied Market Research reports, the silicone market may reach USD 20.7 billion by 2022. Importantly, the majority of the market falls on the silicone elastomer sector (up to 1/3 of the market). The article was provided by https://www.silicones.eu
