24 May 2013
ERJ staff report (BC)
New York – A market research report from Freedonia expects world demand for silicones to rise 5.9 percent per annum to $18.9 billion (€14.6 billion) in 2017.
Gains, representing an acceleration from recent historical trends, are expected to be stimulated by an improved outlook for global manufacturing and construction activity from the recession-affected period 2007-2012, particularly in North America and Western Europe.
Increases in silicone demand will also benefit from the rising use of high-value materials in emerging applications, says Freedonia, particularly in the newly industrialised nations of the world where the use of silicones is not yet mature. Advances will be limited, however, by the high cost of silicones relative to competitive materials in many applications.
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