Silicone Market Size Worth $32.26 Billion By 2030 | CAGR: 6.1%

The global Silicone Market size is anticipated to reach USD 32.26 billion by 2030, according to a new report by Grand View Research, Inc., advancing at a CAGR of 6.1% over the forecast period. The industry is expected to grow on the account of the increasing product demand from various en

d-use industries. The electronics end-use segment is expected to register the fastest CAGR over the projected period. In the electronics industry, silicone is used in the form of greases, fluids, varnishes, rubbers, and oil in a broad range of applications, such as for moisture-proofing of boards, modification of semiconductor encapsulating materials, and protecting the ends of heating element wires in Printed Circuit Boards (PCBs), semi-conductors, and Electronic Control Units (ECUs), LED devices, and various ICT equipment. This is attributed to substantial growth in the future.

Major players are involved in mergers and acquisition activities to gain higher market shares. For instance, in November 2021, Momentive Performance Materials, Inc. announced the acquisition of KCC Corp.’s silicone business in the U.K. and South Korea. In addition, Momentive has acquired KCC’s sales operations in China as well, further boosting Momentive’s global footprint in specialized applications and advanced silicones. Moreover, silicones are biologically inert and are known for bio durability and biocompatibility owing to their inherent thermal and chemical stability, hydrophobicity, low surface tension, and resistance to sterilization methods. These favorable properties make them ideal for a wide range of healthcare applications. Silicones are used in catheters, drains and shunts, orthopedics, blood-oxygenator, heart-bypass machines, heart valves, components in kidney dialysis, and aesthetic implants, among others.

The rising disposable income of consumers and the growing aging population, coupled with an increasing number of initiatives by governments across the globe, particularly in emerging economies including China and India, to provide basic healthcare facilities are expected to augment the product demand. The rising number of accidents is expected to drive the demand for bandages and cosmetic surgeries, which, in turn, is likely to have a positive impact on segment growth. Major players are involved in expansion activities for silicone that provides improved features. For instance, in March 2022, Wacker Chemie AG announced a new production site for silicone in Panagarh, India. The facility will manufacture silicone rubber and ready-to-use silicone compounds for electrical transmission & distribution, electromobility, and medical technology.

List Of Key Players Of Silicone Market

• Elkay Chemicals Pvt. Ltd.
• Supreme Silicones
• Shin-Etsu Chemical Co., Ltd.
• Silchem Inc.
• Silteq Ltd
• Amul Polymers
• Wacker Chemie AG
• Specialty Silicone Products, Inc.
• Illinois Tool Works Inc.
• Evonik Industries AG
• Hutchinson
• Kemira Oyj
• Dow Inc.
• Nano Tech Chemical Brothers Private Limited
• Elkem ASA

Related Press Release@ Silicone Market Report

Silicone Market Report Highlights

• North America is one of the leading markets for silicone additives owing to its high demand in plastics and composites, manufacturing chemicals, paints and coatings, and food and beverages.
• The elastomers segment accounted for a more than 41.0% share of the global industry in 2022 and is estimated to maintain its leading position over the forecast period
• This can be attributed to the rising demand for lightweight automobile vehicles
• Fluids are one of the largest product segments and are likely to expand at a significant CAGR over the forecast period
• This is owing to the properties of fluid silicone products, such as low surface tension, shear stability, and excellent thermos-oxidative resistance
• Fluctuating raw material prices of methanol are expected to pose a challenge for the industry players to achieve economies of scale and profitability

Silicone Market Segmentation

Grand View Research has segmented the global silicone market on the basis of product, end-use, and region:

Silicone Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Fluids
• Straight Silicone Fluids
• Modified Silicone Fluids
• Gels
• Resins
• Elastomers
• High-Temperature Vulcanized (HTV)
• Liquid Silicone Rubber (LSR)
• Room Temperature Vulcanized (RTV)
• Others
• Adhesives
• Emulsions

Silicone End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Electronics
• Transportation
• Construction
• Healthcare
• Personal Care and Consumer goods
• Energy
• Industrial Processes
• Others

Silicone Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Silicone Market Size Worth $32.26 Billion By 2030 | CAGR: 6.1%

The global Silicone Market size is anticipated to reach USD 32.26 billion by 2030, according to a new report by Grand View Research, Inc., advancing at a CAGR of 6.1% over the forecast period. The industry is expected to grow on the account of the increasing product demand from various end-use industries. The electronics end-use segment is expected to register the fastest CAGR over the projected period. In the electronics industry, silicone is used in the form of greases, fluids, varnishes, rubbers, and oil in a broad range of applications, such as for moisture-proofing of boards, modification of semiconductor encapsulating materials, and protecting the ends of heating element wires in Printed Circuit Boards (PCBs), semi-conductors, and Electronic Control Units (ECUs), LED devices, and various ICT equipment. This is attributed to substantial growth in the future.

Major players are involved in mergers and acquisition activities to gain higher market shares. For instance, in November 2021, Momentive Performance Materials, Inc. announced the acquisition of KCC Corp.’s silicone business in the U.K. and South Korea. In addition, Momentive has acquired KCC’s sales operations in China as well, further boosting Momentive’s global footprint in specialized applications and advanced silicones. Moreover, silicones are biologically inert and are known for bio durability and biocompatibility owing to their inherent thermal and chemical stability, hydrophobicity, low surface tension, and resistance to sterilization methods. These favorable properties make them ideal for a wide range of healthcare applications. Silicones are used in catheters, drains and shunts, orthopedics, blood-oxygenator, heart-bypass machines, heart valves, components in kidney dialysis, and aesthetic implants, among others.

The rising disposable income of consumers and the growing aging population, coupled with an increasing number of initiatives by governments across the globe, particularly in emerging economies including China and India, to provide basic healthcare facilities are expected to augment the product demand. The rising number of accidents is expected to drive the demand for bandages and cosmetic surgeries, which, in turn, is likely to have a positive impact on segment growth. Major players are involved in expansion activities for silicone that provides improved features. For instance, in March 2022, Wacker Chemie AG announced a new production site for silicone in Panagarh, India. The facility will manufacture silicone rubber and ready-to-use silicone compounds for electrical transmission & distribution, electromobility, and medical technology.

List Of Key Players Of Silicone Market

• Elkay Chemicals Pvt. Ltd.
• Supreme Silicones
• Shin-Etsu Chemical Co., Ltd.
• Silchem Inc.
• Silteq Ltd
• Amul Polymers
• Wacker Chemie AG
• Specialty Silicone Products, Inc.
• Illinois Tool Works Inc.
• Evonik Industries AG
• Hutchinson
• Kemira Oyj
• Dow Inc.
• Nano Tech Chemical Brothers Private Limited
• Elkem ASA

Related Press Release@ Silicone Market Report

Silicone Market Report Highlights

• North America is one of the leading markets for silicone additives owing to its high demand in plastics and composites, manufacturing chemicals, paints and coatings, and food and beverages.
• The elastomers segment accounted for a more than 41.0% share of the global industry in 2022 and is estimated to maintain its leading position over the forecast period
• This can be attributed to the rising demand for lightweight automobile vehicles
• Fluids are one of the largest product segments and are likely to expand at a significant CAGR over the forecast period
• This is owing to the properties of fluid silicone products, such as low surface tension, shear stability, and excellent thermos-oxidative resistance
• Fluctuating raw material prices of methanol are expected to pose a challenge for the industry players to achieve economies of scale and profitability

Silicone Market Segmentation

Grand View Research has segmented the global silicone market on the basis of product, end-use, and region:

Silicone Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Fluids
• Straight Silicone Fluids
• Modified Silicone Fluids
• Gels
• Resins
• Elastomers
• High-Temperature Vulcanized (HTV)
• Liquid Silicone Rubber (LSR)
• Room Temperature Vulcanized (RTV)
• Others
• Adhesives
• Emulsions

Silicone End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Electronics
• Transportation
• Construction
• Healthcare
• Personal Care and Consumer goods
• Energy
• Industrial Processes
• Others

Silicone Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Intermediate Bulk Container Liner Market Size is Predicted to Witness 5.4% CAGR till 2030

The global Intermediate Bulk Container Liner Market size is expected to reach USD 1.44 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.4% from 2023-2030. This growth is attributed to the growing freight costs which is driving the exporters to adopt IBC liners which help in significantly reducing the space occupancy compared to other bulk packaging solutions. In addition, its unique properties such as reducing the need to clean the container, reusability, lower-cost, and its ability to prevent product contamination propels the market demand for IBC liners.

Furthermore, the growing imports and exports of food and beverage products in regions such as Asia Pacific, North America, Central and South America, and others are driving the demand for IBC liners globally. For instance, rising demand from China for Brazilian alcoholic beverages has increased the bulk exports of alcoholic beverages from Brazil to China. This further gives rise to the increased demand for IBC liners for international transportation of liquid products.

Moreover, the IBC liners market is driven by several government policies and frameworks promoting the utilization of IBC liners as a packaging solution. For instance, in the U.S. the Environmental Protection Agency (EPA) regulates and promotes the utilization of IBC liners for bulk packaging of food & beverage, industrial liquids, and household products.

The industry players are adopting several strategies including partnerships, new product launches, expansions, mergers and acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. For instance,in June 2022, SIG, a flexible packaging solutions provider announced the acquisition of Scholle IPN, a packaging solution manufacturer. With this acquisition both the companies are expected to expand their product portfolio with innovative packaging solutions for liquid bulk packaging.

Related Press Release@ Intermediate Bulk Container Liner Market Report

Intermediate Bulk Container Liner Market Report Highlights

• The Intermediate Bulk Container liner market is propelling owing to the shift in consumer preference towards organic food products resulting in increased international trade agreements across regions
• The presence of various alternative bulk packaging solutions such as flexitanks or barrels and drums used for global trade is expected to restrain the market demand for IBC liners to a certain extent
• The above 1000 liters capacity segment is expected to grow at a fast CAGR of 5.5% over the forecast period 2023-2030 owing to the increased demand for bulk packaging from various application industries such as food & beverage, industrial liquid, and household products
• The food and beverage application segment dominated the IBC liner market in the base year 2022 and accounted for over 70.0% due to the increasing agriculture sector and its international trade across regions
• IBC liner market in Asia Pacific is expected to grow with the fastest CAGR of 6.4% owing to the presence of major companies involved in the bulk exports of food & beverages such as Nestlé India Limited and Coca-Cola India Private Limited
• Several companies involved in strategic initiatives such as expansions and collaborations are driving the market demand for IBC liners. For instance, in October 2022, Sealed Air announced its plan to expand its geographical presence in Latin America by launching a new R&D center in Brazil. This center will further undertake the development of IBC liners to serve the industrial, food & beverage, and household product sectors

Intermediate Bulk Container Liner Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 997.0 million
Revenue forecast in 2030	USD 1.44 billion
Growth Rate	CAGR of 5.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

 

Intermediate Bulk Container Liner Market Segmentation

Grand View Research has segmented the global intermediate bulk container (IBC) liner market on the basis of capacity, application, and region:

Intermediate Bulk Container Liner Capacity Outlook (Revenue, USD Million, 2018 - 2030)

• Upto 1000 liters
• Above 1000 liters

Intermediate Bulk Container Liner Application Outlook (Revenue, USD Million, 2018 - 2030)

• Food & Beverage
• Alcoholic Beverages
• Non-Alcoholic Beverages
• Others
• Industrial Liquids
• Household Products

Intermediate Bulk Container Liner Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• Malaysia
• Thailand
• Central & South America
• Brazil
• Mexico
• Argentina
• Chile
• Colombia
• Middle East & Africa
• GCC Countries

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Chlorine Trifluoride Market Worth $62.98 Million By 2028 | CAGR 4.2%

The global Chlorine Trifluoride Market size is expected to reach USD 62.98 million by 2028 registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. The demand for the product is expected to be driven by the rapidly growing semiconductor industry. The industry dynamics of chlorine trifluoride (CIF3) are largely influenced by application markets, such as nuclear fuel processing and semiconductor production. Rapid digitalization and automated industrial manufacturing solutions have led to high penetration of electronic gadgets and components on a global scale, which requires various chemicals for constant maintenance and cleaning purposes. In the semiconductor industry, CIF3 is extensively utilized to clean chambers of chemical vapor deposition.

The major advantage is that the process of cleaning can be carried out without dismantling the chamber walls as ClF3 doesn’t require activation by plasma. The substance also finds application as a fluorinating agent in nuclear reactor fuel processing. Germany's ClF3 gas market is majorly driven by a high concentration of major semiconductor manufacturers across the country. The country is the largest producer of electronics products globally and is one of the largest exporters of semiconductor equipment. Production of industrial electronics accounted for about 50% of the total Europe CIF3 market share in 2020, which indicates noteworthy growth prospects for ClF3. Increasing demand for the gas, which results in a substantial decrease in emissions, longer chamber lifespan, and quicker cleaning rates, is expected to boost the market growth over the forecast period.

Related Press Release@ Chlorine Trifluoride Market Report

List of Key Players of Chlorine Trifluoride Market

• Central Glass
• Air Products and Chemicals, Inc.
• Air Liquide
• Advance Research Chemicals, Inc.
• Kanto Denka Kogyo Co. Ltd.
• Taiyo Nippon Sanso Corporation

Chlorine Trifluoride Market Report Highlights

• The semiconductor manufacturing application segment is expected to witness the fastest CAGR, both in terms of volume and revenue, from 2021 to 2028 due to the increasing demand for electronic and chamber cleaning products
• The rocket propellant systems application segment accounted for a revenue share of 22.3% in 2020 owing to the constant technological advancements and high investments in space exploration activities
• In the Asia Pacific region, India is anticipated to register the fastest growth rate of 4.6%, in terms of volume, from 2021 to 2028
• This growth can be attributed to the entry of semiconductor manufacturing companies and significant government investments in space exploration activities
• South Korea accounted for a market share of 4.7% in the Asia Pacific regional market on account of the thriving semiconductor industry in the country

Chlorine Trifluoride Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 46.98 million
Revenue forecast in 2028	USD 62.98 million
Growth Rate	CAGR of 4.2% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

 

Chlorine Trifluoride Market Segmentation

Grand View Research has segmented the global chlorine trifluoride market on the basis of application and region:

CIF3 Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Semiconductor Manufacturing
• Nuclear Fuel Processing
• Rocket Propellant Systems
• Others

CIF3 Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Asia Pacific
• China
• India
• Japan
• South Korea
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• South Africa
• Saudi Arabia

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Pressure Sensitive Adhesives Market By Henkel AG & Co. KGaA; 3M Company; H.B. Fuller; Sika AG; Ashland Inc.; Bostik S.A.

 

The global Pressure Sensitive Adhesives Market size is expected to reach USD 16.71 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2023 to 2030. Rising demand from packaging industry is predicted to drive the Pressure Sensitive Adhesive (PSA) market growth. Water-based PSAs, also known as emulsion PSA, led the market in 2022. The environmentally friendly nature of these PSAs coupled with compliance with government regulatory bodies, such as Environmental Protection Agency (EPA), is the crucial factor supporting the segment growth.

Radiation cured PSAs are estimated to witness the fastest CAGR over the forecast period. They are typically based on acrylic formulations and provide an ideal solution combining balanced performance, good weather resistance, and advantageous processing. New product launches along with extensive R&D in radiation cured technology are expected to propel the segment growth over the forecast period. Packaging industry, especially food packaging, is one of the most significant end-use industries. PSA labels and tapes help maintain the brand image of the packaged product and are compatible with numerous substrates and coatings.

They offer significant advantages, such as instant bonding and user-friendly application. In the automotive industry, labels play an important role in the supply chain of a car. Majority of the total automotive labels are applied on the automotive parts before car assembly in the supply chain. Several numbers are stamped on pieces of metals and parts to aid in automotive assembly. Apart from labeling, these tapes are used in the assembly of interior vehicle components like dashboards, glass, mirrors, fabric, and carpet.

In the construction industry, higher bonding speed, longer durability, extreme weather resistance, and user-friendly features of acrylic tapes play a crucial role. Acrylic construction tapes are an eco-friendly option as they produce minimal off-gases and fumes. With stringent environmental codes and regulations in the construction industry, PSA high-performing tapes are expected to emerge as the ideal choice for architects and builders.

Related Press Release@ Pressure Sensitive Adhesives Market Report

Pressure Sensitive Adhesives Market Report Highlights

• Water-based technology led the market in 2022. These products are eco-friendly, which is a significant factor driving the segment growth
• Tapes segment led the market in 2022. Increasing demand for carton sealing from the packaging industry and its increasing usage in automotive assembly is the major factor driving the segment
• In terms of revenue, graphic films are estimated to register the fastest CAGR of over the forecast period. Increasing demand for vehicle graphics and advertising graphics will stimulate the segment growth
• Silicone-based adhesive formulations are estimated to expand at the fastest CAGR owing to excellent weather resistance and long-term durability offered by these formulations
• Asia Pacific led the global PSAs market in 2022 owing to extensive product demand and manufacturing activities in the region
• 3M Company, Henkel, and Avery Dennison are the dominant industry participants owing to their wide product portfolio and significant integration in the manufacturing process

Pressure Sensitive Adhesives Market Segmentation

Grand View Research has segmented the global pressure sensitive adhesives market on the basis of technology, product, end-use, adhesive chemistry, and region:

Pressure Sensitive Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Water-based
• Solvent-based
• Hot Melt
• Radiation-Cured
• Radiation-Cured Hot Melt
• Radiation-Cured Syrup-based

Pressure Sensitive Adhesives Chemistry Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Acrylic
• Rubber
• Silicone
• Others

Pressure Sensitive Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Tapes
• Labels
• Graphic Films
• Others

Pressure Sensitive Adhesives End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automotive
• Electronics
• Consumer Goods
• Packaging
• Construction
• Others

Pressure Sensitive Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East and Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com