About Modified Silicone
Modified Silicone are basically advanced versions of the usually found dimethyl silicone fluid. They are developed using additional organic compounds to enhance its physical properties. Modified silicone is available as both reactive as well as non-reactive silicone fluid. This silicone find vast number of industrial applications such as coating, performance additives, consumer care and others. Modified silicone’s market growth is limited by the irregularity in the raw source of materials. Although growing demand from end user industries is expected to fuel the growth of the modified silicone. Asia Pacific is expected to emerge as the biggest market of modified silicone.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.4% |
Market players are focusing on providing Cast Resin Current Transformers with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified Cast Resin Current Transformers. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Modified Silicone market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Evonik AG (Germany), Dow Silicones Corporation (United States), Elkem Silicones (Norway), Wacker Chemie (Germany), BRB International B.V. (Netherlands), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive Performance Materials Inc. (United States) and Siltech Corporation (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Modified Silicone market by Type (Reactive Silicone Fluid and Non-Reactive Silicone Fluid), Application (Coating, Performance Additive, Construction, Consumer Care and Others) and Region.
On the basis of geography, the market of Modified Silicone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Modified Silicone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Cosmetics will boost the Modified Silicone market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Asia Pacific Region Accounts for Largest Market Share
Market Growth Drivers:
Rapid Industrialisation and Urbanisation has led to Increase in Construction Related Activities and Large Scale Applications across Multiple Industrial Domains
Challenges:
Presence of Counterfeit Products in Market
Restraints:
Irregularity in the Prices of Raw Materials
Opportunities:
Healthcare Sector Presents Huge Opportunity to Grow
Market Leaders and their expansionary development strategies
In November 2023, Chengdu Silike announced the launch of its modified silicone additive SILIMER hyper dispersant in order to promote the uniform dispersion of flame retardants or flame retardant masterbatch in the product molding process. It also reduces the occurrence of uneven dispersion caused by the flame-retardant effect and improves the quality of flame-retardant products.
In 2021, Momentive Performance Materials, Inc., a United States speciality company specialising the development of silicon has announced signing of a definitive agreement to acquire KCC Corporation's businesses situated in Korea, UK along with its sales operations in China. The acquisition will strengthen Momentive’s global standings in silicone manufacturing as well as advance its capabilities in development as well as manufacturing of modified silicon and specialized applications.
Key Target Audience
Modified Silicone Developers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.