What is Silicone Resin?
Silicone resins are widely used to make paints, binders, and coatings in various industries such as electronics, medical, and other industries. Theses are types of elastomers that help to improve flexibility, durability, moisture resistance, and reliability. Silicone resins can also be combined with many organic polymers, which makes it more versatile with a large number of properties intended to use in various types of applications.
The market study is broken down by Type (Methyl Silicone Resins, Phenyl-Methyl Silicone Resins and Others), by Application (Flame Retardant Binders, Insulating Coating, Resin Modification, Heat Resistant Paints and Others) and major geographies with country level break-up.
Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dow Corning (United States), Evonik Industries AG (Germany), PCC SE (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive (United States), Siltech Corporation (Canada), Kanto Kagaku Co. (Singapore), Polytek Development Corp. (United States) and Elkem (Norway) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Silicone Resin market by Type, Application and Region.
On the basis of geography, the market of Silicone Resin 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. Offline will boost the Silicone Resin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powdered will boost the Silicone Resin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Electrical Industry will boost the Silicone Resin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Groups, the sub-segment i.e. Hydroxy Groups will boost the Silicone Resin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Silicone Resin Emulsions will boost the Silicone Resin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 1st Feb 2020, Elkem ASA has entered into an agreement to acquire all of the shares in Polysil, a Chinese silicone elastomer & resins material manufacturer with strong positions in baby care and food grade silicones, as well as silicone products for the electronics and medical markets. Polysil and Elkem’s complementary product and market positions provide a solid platform for further specialization and growth in China and globally.
On 4th May 2019, Polytek Development Corp., a manufacturer of specialty polymers for mold making and casting applications, announced the acquisition of Environmental Technology, Inc. Polytek is a portfolio company of Arsenal Capital Partners.
Market Trend
- Increasing Use of Silicone Resin
- Continuous Innovation in Silicone Resin Applications
Market Drivers
- Demand for High Degree of Flexibility, Chemically Excellent, Moisture Resistance and Insulating Properties for Electrical Applications
Opportunities
- Rising Demand for Silicone Resin from the Healthcare Industry for Medical Applications
Restraints
- Harmful Affects Associated with Silicone Resin Affecting Environment
Challenges
- Regulatory Norms Associated with Elastomers
Key Target Audience
Silicone Resin Manufacturers, Silicone Resin International Traders, Silicone Resin Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.