Rubber Journal Asia Silicones Industry
An elastic market growth Silicones are yielding to brighter market
Wider market reach with expansions According to Transparency Market Research, the silicones market is set to corner US$20.8 billion by 2022, registering a CAGR of 4.9% from 2016. Along with a burgeoning market, major players are also expanding. Elkem Silicones, the worldâ€™s second largest silicone siloxane capacity producer, has expanded its local product offering to include upstream basic silicones such as cyclosiloxanes D4 and D5, polydimethylsiloxane oils (PDMS), silanol fluids, emulsions and sealants to meet the growing demands of the North American marketplace, according to a press statement. A division of the Norway-headquartered Elkem ASA, the France-based silicones manufacturer, produces these materials in two facilities located in St Fons, France, and Xinghuo, China. Elkem Silicones operates a nearly 21,000 sq m manufacturing facility in South Carolina, US, where it produces a full range of downstream silicone solutions, including specialty elastomers, resins and fluids for diverse market applications.
prospects as the materials have a higher
success rate in a highly diverse range of
applications, in sectors from the automotive and solar to the medical, says Angelica Buan in this report.
Silicones: versatility promotes growth Since the beginning of the 20th century, silicone, a modern class of synthetic material, has been utilised for various end-user applications, such as the silicone rubber soles of the boots worn by Neil Armstrong on his lunar expedition in 1969! Today, silicones continue to drive demand for manufacturing products used across a wide range of enduser industries owing to their resistant to high and low temperatures and rubber-like quality. The ability of silicones to withstand great stress and extreme temperatures makes it useful for the aviation & aerospace industries. The versatility and biocompatibility feature of silicones make it suitable for medical devices application. For other industries, such as the construction and renewable energy, silicones are energy-efficient and eco-friendly.
Wacker Chemie has inaugurated a new production line for silicone elastomers at its Zhangjiagang site in China
German specialty chemicals firm Wacker Chemie recently inaugurated a new production line for silicone elastomers at its Zhangjiagang site in China. The lower double digit expansion encompasses a new line at the site, and is expected to improve the availability of high consistency silicone rubber (HCR) in the Asia-Pacific region. HCR grades are used in various industry sectors, such as the automotive, medical, electrical and electronics industry. The firm says its Zhangjiagang plant houses cuttingedge equipment including world-class kneaders, mixing and screening equipment as well as a state-of-the-art waste treatment process. The new production line will enable shorter lead times, speed up market response, and improve overall customer experience, it added.
The market for silicones is poised to cross USS$21 billion by 2022
New emerging applications are expected to spur the production of silicones in countries where rapid urbanisation, expanding middle class population, and increasing consumption, and on that account, will further mobilise the market for silicones.
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