The silicone resins market is concerned with the production and consumption of synthetic resins derived from silicone compounds and used in a variety of industrial applications. These resins are well-known for their high heat resistance, electrical insulation properties, and weather resistance, making them particularly useful in coatings, adhesives, and electrical insulation.
The global silicone resins market is expected to grow steadily in the coming years, owing to rising demand in the construction, automotive, and electronics industries. The increasing use of silicone resins in advanced coatings and composites, as well as the manufacture of high-performance electronic components, is expected to drive demand even higher.
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Key Takeaways from Market Study
To increase their market share, players in the market are choosing a combination of organic and inorganic growth strategies, like innovation and partnerships.
- Evonik protects novel products and processes through its patent strategy. The value and caliber of the patent portfolio have steadily increased in recent years.
- Elkem Corporation announced in the first quarter of 2021 that it had purchased a new plant in Lyon, France, for the production of specialized silicone.
Key Companies Profiled
- Dow Chemicals
- Elkem Silicones
- Innospec Inc.
- Iota Silicone Oil (Anhui) Co. Ltd.
- KCC Corporation
- Siltech Corporation
Original Source of the original story >> Global Silicone Resins Market: Key Trends, Growth Drivers, and Competitive Landscape