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US Silicones Market
US Silicones Market
- Report price : $ 4 500
- Publication date : January 2008
US Silicones Market
Demand to rise more than 4% annually through 2012
US silicone demand is forecast to grow 4.2 percent per annum through 2012 to $3.9 billion, approximating the gains of the 2002-2007 period. In volume terms, demand is projected to rise 2.7 percent per annum, reaching 825 million pounds in 2012. Growth will be spurred by ongoing technological advancements and product innovation that will continue to improve the performance of silicone in a variety of markets and applications. Gains will also be aided by the rising use of silicone in numerous cosmetic and toiletry products, as well as expanding opportunities in medical applications. Increases will be somewhat limited, however, by a slowdown in durable goods production through 2012, as well as the relatively high cost of silicone.
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