Oct 6, 2021   SOURCE: BusinessWire

Worldwide Vinyl Methyl Silicone Industry to 2026 - Key Drivers and Restraints - ResearchAndMarkets.com

The "Global Vinyl Methyl Silicone Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

This report provides deep insight into the Industrial market's current and future state across various regions. The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

Companies Mentioned

  • Wacker Chemie
  • Evonik Industries
  • Arkema
  • Shandong Dayi Chemical
  • Bluestar New Chemical Materials
  • PCC Group
  • Clearco Products
  • BASF SE
  • Zhejiang Sucon Silicone
  • Shin-Etsu Chemical
  • Dongyue Group
  • Gelest
  • Xinhaihong Chemical
  • Sibond Inc

Vinyl Methyl Silicone is a synthetic elastomer material that is ideal for high and low-temperature applications. According to the publisher, the global Vinyl Methyl Silicone market is expected to witness a significant growth rate during the forecast period. Factors such as the growing demand for Vinyl Methyl Silicone in the Automotive industry attributed to its high wear and tear strength, high flexibility, and high durability have made Vinyl Methyl Silicone a preferred choice in the industry to manufacture automotive components gaskets, seals, tubing, etc. Furthermore, the non-conductive, excellent dielectric strength and great resistance towards water, acids, solvents, oxidation, oils, and fuels have increased its demand for Vinyl Methyl Silicone in the Electronics sector for wire and cable insulation. The demand for Vinyl Methyl Silicone in the medical industry for wound dressing and surgical implants has been on the surge due to its excellent biocompatibility. However, the fluctuations in the prices of raw materials for Vinyl Methyl Silicone manufacturing are expected to hamper Vinyl Methyl Silicone market growth in the forecasted years.

Vinyl Methyl Silicone is used to manufacture gaskets, connectors, cable terminators, sealants, reflectors, insulators, O-rings, medical cable, membranes, valves, etc. It serves various end-users like Automotive, Electrical, Construction, and Medical Industries.

The Automotive Industry is a prime consumer of Vinyl Methyl Silicone globally and is expected to drive the future market. The Vinyl Methyl's high heat and oxidative stability, outstanding low-temperature flexibility, and resistance to many chemicals, weathering, ozone, and sunlight make it a preferred choice for automotive manufacturers globally. The increasing population and rapid urbanization have increased the sales of automotive vehicles globally, driving the automotive industry. Owing to the rapid urbanization in emerging countries like China and India, the sales of commercial vehicles such as trucks, tractors, and trailers are on the surge. Furthermore, the automotive industry is experiencing a boom in the electric vehicle market. The environmental awareness amongst citizens coupled with the government offering subsidies on its purchase further propels the automotive industry. With the increasing and aging population of the world, the medical industry is expected to play a crucial role in increasing demand for Vinyl Methyl Silicone globally. The demand for Vinyl Methyl Silicone for surgical implants is expected surge during the forecasted years. Thus, the increasing automotive, construction and medical demand are all set to propel the future Vinyl Methyl Silicone market.

The Asia Pacific has been the dominating region in the production and consumption of Vinyl Methyl Silicone and is expected to continue at the same pace. Owing to the increasing population in the region, the demand for automotive vehicles increases the Vinyl Methyl Silicone demand. With the rapid industrialization in the region, the demand for heavy-duty vehicles for commercial purposes is also increasing. Since China's growth rate had been impressive in the last decades, the following decade is also expected to witness the same rise, making China a leader in Vinyl Methyl Silicone demand. Further, China has the most prominent automotive industry and is expected to consolidate its prime Vinyl Methyl Silicone market. The medical and healthcare industry is booming in the region. According to the IBEF, the medical industry is expected to reach USD 372 billion by 2022, with the Indian Government allocated USD 4.8 billion in their Union Budget 2021 for Covid-19 vaccines. The electrical industry also has massive potential in the region, with countries like Japan, China, India, and Malaysia, leading the industry. The demand for Vinyl Methyl Silicone in electronics is expected to surge with the manufacturing market slowly shifting towards the east, which China leads. Factors like the growth of the automotive, construction, medical, and electronics sector are expected to drive the Vinyl Methyl Silicone market in the region.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

4. Industry Analysis

5. Market Segmentation & Forecast

6. Regional Market Analysis

7. Key Company Profiles

8. Competitive Landscape

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/dygow