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Global Silicone in electrical and electronics market was valued at $1,708 million in 2015, and is expected to reach $2,644 million by 2023, supported by a CAGR of 6.4% during the forecast period 2017 to 2023.
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Silicone in Electrical and Electronics MarketProjected to Reach $2,644 Million by 2023
Introduction • The global Silicone in Electrical and Electronics Market was valued at $1,708 million in 2015, and is expected to reach $2,644 million by 2023, supported by a CAGR of 6.4% during the forecast period 2017 to 2023. • The silicone fluids segment accounted for more than one-third of the total market share in 2016. • The global silicone in electrical and electronics market is segmented based on type and end-use industry. • The demand for silicone in the consumer electronics has increased, owing to the sealing characteristics of silicone adhered to glass & anodized aluminum and electromagnetic shielding property.
In terms of volume, the elastomers segment is projected to show the highest growth rate of 7.1% during the analysis period. • Asia-Pacific is anticipated to maintain its lead throughout 2022, and is projected to grow at a CAGR of 7.7%, in terms of volume. • The telecommunication application segment occupied approximately one-fourth of the total market in 2016. • China occupied around one-fourth share of the total Asia-Pacific silicone in electrical and electronics market in 2016. • In terms of value, Korea is expected to grow at a CAGR of 7.6% from 2017 to 2023. Key Findings of theMarket
The report provides an extensive analysis and qualitative & quantitative analysis of the current trends, future estimations, and opportunities from 2015 to 2023 of the global silicone in electrical and electronics market. • It offers comprehensive analysis of North America, Europe, Asia-Pacific, and LAMEA to understand the regional trends. • Comprehensive analysis of factors that drive and restrict the growth of the market is provided. • Extensive analysis is conducted by following key product benchmarking, positioning, and monitoring the top competitors. • The report provides extensive qualitative insights on the significant segments or regions. Key Benefits Get Access to TOC / Sample Report @ https://www.alliedmarketresearch.com/request-sample/2112
MarketSegmentation • By Type • Fluids • Elastomers • Resins • Gels • By End Use Industry • Automotive • Consumer Electronics • Telecommunications • Others • By Geography • North America • Europe • Asia-Pacific • LAMEA
Key Players of theMarket • Mesgo S.P.A., • Zhejiang Xinan Chemical Industrial Group Co., Ltd., • Reiss Manufacturing Inc., • KCC Corporation, • Others For purchase enquiry, visit @https://www.alliedmarketresearch.com/purchase-enquiry/2112
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