Global Silicones Market to Reach 3.1 Million Metric Tons by 2026 - COVID-19 Impact Analysis (2019-2025) by Industry Experts, Inc.
Industry Experts, Inc. published an updated 2020 version of the market research report on Silicones. The new report entitled " Global Silicones Market – Products and Applications " discusses how the COVID-19 Pandemic influences the market for Silicones. The impact of COVID-19 pandemic on silicones demand is expected to differ in intensity depending on their end-use application. Sharpest declines would be expected in silicones for transportation, paper & textiles and energy sectors. Demand for silicones in construction and personal care & consumer applications, although declining year over year, is expected to be somewhat better compared to other applications. On the other hand, demand for silicones is expected to be robust in medical & healthcare applications. Asia-Pacific is the largest region for the global silicones market, cornering an estimate share of 52.3% in 2019, followed by North America with 510 thousand metric tons in the same year. Asia-Pacific is