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Silicone Market worth $23.4 billion by 2026 - Exclusive Report by MarketsandMarkets


Silicone Market worth $23.4 billion by 2026 - Exclusive Report by MarketsandMarkets
Silicone Market
by Type (Elastomers, Fluids, Resins, Gels), End-use Industry (Industrial Process, Building & Construction, Personal Care & Consumer Products, Transportation, Electronics, Medical & Healthcare, Energy), Region - Global Forecast to 2026 , published by MarketsandMarkets, the global Silicone Market size is expected to grow from USD 16.7 million in 2021 to USD 23.4 billion by 2026, at a CAGR of 7.0% during the forecast period. The major factors driving the silicone industry include the superior properties of the material and its high demand in different end-use industries, such as building & construction, personal care & consumer products, transportation, and electronics. Further, the booming demand from the medical & healthcare industry owing to the COVID-19 pandemic is expected to drive the market. ....

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