Printer Friendly Liquid Silicone Rubber Boosting Prospects in Silicone Market.

* 2017 silicones market worth $17.2 billion

* Asia-Pacific showing fastest growth: 5% CAGR to 2017

* Technological advancements for long-term implantable devices will encourage silicone demand from medical sector

LONDON -- Post-recession, the silicones market is experiencing robust growth, according to a new report available from By 2017 it is anticipated that the world silicone market will achieve a value of over $17 billion, with growth stemming from the gradual economic recovery, an increase in potential applications, heightened interest in environmental matters and product innovation.

Silicone: A Global Strategic Business Report

Silicones find applications in numerous sectors, particularly the automotive, chemical, construction and healthcare markets. As economies emerge from recession, the opportunities within the silicones market are increasing, prompting a strong growth forecast over the reporting period.

Silicones often find applications within the coatings field on account of their mechanical, physical and thermal properties. Innovation has been of key importance for the silicone coatings sector, with recent product introductions including Electrolube's flexible silicone conformal coating, Dampney's Thurmalox 250 solar collector coating and Sherwin-Williams' silicone fouling release coating system.

The adhesive properties of silicone alkyds have supported the growth in demand from the construction industry, which is still the largest silicone end-user sector, exhibiting steady growth.

A recent trend is the shift towards use of solventless silicone, parituclalry in Korea, Japan and Taiwan, following the introduction of more stringent regulations within the silicone industry. The liquid silicone rubber (LSR) segment is also noting growth - attributed to technological and material advances, and the fact that manufacturers are seeking to replace polyisoprene in medical devices.

The report contains profiles of 26 key players in the silicone market, such as Wacker Chemie AG, SiVance, LLC, Shin-Etsu Chemical Co., Ltd., NuSil Technology LLC, Momentive Performance Materials, Inc, Evonik Industries AG, Dow Corning Corporation, Bluestar Silicones International and China National Chemical Corporation.

The 301 page report was published in July 2011, and contains a detailed overview of the silicones market, including historical and forecast data for the period 2003-2017, and a thorough analysis of the competitive landscape, key players, products, end uses and opportunities. The following geographic markets are examined: US, Canada, Japan, Europe, France, Germany, UK, Italy, Spain and Asia-Pacific.

Report Details:
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Publication:Business Wire
Geographic Code:4EUUK
Date:Sep 27, 2011
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