Silicone demand in the US is projected to grow 5.0 percent per year to more than $3.7 billion in 2010.
April 27, 2007 (Press Release) --
Silicones forecasts to 2010 & 2015
US demand to increase 5% annually through 2010
Silicone demand in the US is projected to grow 5.0 percent per year to more than $3.7 billion in 2010. Advances will result from intense product development activities and a favorable environmental profile compared to competitive materials. These low volume, relatively high priced materials are used in an extensive number of applications due to performance characteristics such as high heat resistance, chemical resistance and water repellence. The primary restraining factor to greater market penetration remains the high cost of silicones, which limits their use to applications in which their numerous performance advantages are indispensable, such as high heat environments.
Industrial markets to remain dominant
Silicones find use across a broad range of markets that can be categorized as industrial, consumer, construction and medical. Industrial markets accounted for nearly 60 percent of all silicone use in 2005. Industrial market gains will benefit from an acceleration in durable goods production. Silicones are widely used in aerospace equipment, electronics, industrial machinery and motor vehicles, among other industrial applications.
Consumer market to spur rapid gains in medical uses
Consumer markets for silicone will be stimulated by expanding applications in the formulation of cosmetics and toiletries, as silicones are capable of providing advanced performance characteristics, such as heat resistance and a smoother consistency. Construction markets will be driven by an acceleration in nonresidential building activity, as well as the repair and remodeling of the large existing housing base. Medical markets are expected to exhibit the fastest gains based on a growing incidence of medical procedures, promoting the use of silicone in tubing and other medical devices, and in topical pharmaceuticals.
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You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
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Silicones forecasts to 2010 & 2015
US demand to increase 5% annually through 2010
Silicone demand in the US is projected to grow 5.0 percent per year to more than $3.7 billion in 2010. Advances will result from intense product development activities and a favorable environmental profile compared to competitive materials. These low volume, relatively high priced materials are used in an extensive number of applications due to performance characteristics such as high heat resistance, chemical resistance and water repellence. The primary restraining factor to greater market penetration remains the high cost of silicones, which limits their use to applications in which their numerous performance advantages are indispensable, such as high heat environments.
Industrial markets to remain dominant
Silicones find use across a broad range of markets that can be categorized as industrial, consumer, construction and medical. Industrial markets accounted for nearly 60 percent of all silicone use in 2005. Industrial market gains will benefit from an acceleration in durable goods production. Silicones are widely used in aerospace equipment, electronics, industrial machinery and motor vehicles, among other industrial applications.
Consumer market to spur rapid gains in medical uses
Consumer markets for silicone will be stimulated by expanding applications in the formulation of cosmetics and toiletries, as silicones are capable of providing advanced performance characteristics, such as heat resistance and a smoother consistency. Construction markets will be driven by an acceleration in nonresidential building activity, as well as the repair and remodeling of the large existing housing base. Medical markets are expected to exhibit the fastest gains based on a growing incidence of medical procedures, promoting the use of silicone in tubing and other medical devices, and in topical pharmaceuticals.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=15093
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/general/customresearch.asp
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