US silicone demand to reach $3.7 billion in 2010.
Silicone fluid demand is expected to increase 4.6 percent annually through 2010, stimulated by expanding applications in the cosmetic and toiletry market and a rising base of industrial applications. Silicone resin demand will reflect opportunities in water repellent and heat resistant construction and other coatings, and heightened demand for silicone caulks and sealants. Silicone elastomer demand is forecast to grow 4.8 percent yearly due to improvements in liquid silicone rubbers, which are used to produce intricate parts for the motor vehicle, medical and electronics industries. Silicone gels will exhibit the most rapid advances based on a strong recovery in electronic component shipments, as well as growing medical applications.
Industrial markets will account for 58 percent of all silicone used. Advances will reflect rebounding durable goods production, and expanded use in areas such as electronics, aerospace equipment and industrial machinery. Consumer markets will rise at an above average pace based on increased use in cosmetics and toiletries, where silicones are widely used in skin, hair and sun care products, deodorants and shampoos. Silicones provide a smooth, luxuriant texture that is non-irritating, with good spreading qualities. Best growth is anticipated for medical markets, which will increase 6.7 percent yearly to $270 million in 2010. Silicone medical uses will benefit from heightened applications in areas such as implants, transdermal drug delivery systems, tubing, topical pharmaceuticals and tissue fillers. Construction markets are projected to rise 5.0 percent per year due to greater use of higher performing silicone-based sealants/caulks and paints/coatings.
Silicones (published 05/2006, 238 pages) is available for $4,200 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail email@example.com. Information may also be obtained through www.freedoniagroup.com.
A limited license to use or reprint information from this news release is granted to you provided attribution for the same--including, if possible, the price of the report--is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
US SILICONE DEMAND (million dollars) % Annual Growth Item 2000 2005 2010 05/00 10/05 Silicone Demand 2500 2950 3710 3.4 4.7 Fluids 990 1245 1560 4.7 4.6 Resins 738 847 1048 2.8 4.4 Elastomers 617 704 890 2.7 4.8 Gels & Other 155 154 212 -0.1 6.6 [c] 2006 by The Freedonia Group, Inc.
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|Publication:||Research Studies - Freedonia Group|
|Date:||Oct 19, 2006|
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