PUBLISHER: Grand View Research | PRODUCT CODE: 1530379
PUBLISHER: Grand View Research | PRODUCT CODE: 1530379
Silicone Derivative Market Size & Trends
The global silicone derivative market size was estimated at USD 24.96 billion in 2023 and is expected to expand at a CAGR of 6.59% from 2024 to 2030. The growing building & construction activities in emerging economies is driving the growth of the market. With the rising population there is an increasing demand for residential as well as commercial buildings.
Another notable trend in the market is the rising demand in the medical sector.The medical and healthcare sector's reliance on silicone derivatives continues to grow, driven by their critical applications in creating medical devices, implants, prosthetics, and drug delivery systems. Silicones are essential in these applications due to their biocompatibility, flexibility, and durability, making them suitable for prolonged contact with human tissue and fluids. They are used in catheters, tubing, wound dressings, and orthotic devices, providing comfort and safety to patients. The COVID-19 pandemic has further highlighted the need for high-quality medical materials, driving innovations in silicone-based solutions for protective equipment, ventilators, and diagnostic devices.
Global Silicone Derivative Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented global silicone derivative market report based on type, end use, and region:
U.S.
Canada
Mexico
Germany
UK
Italy
Spain
France
China
India
Japan
South Korea
Australia
Brazil
Argentina
Saudi Arabia
South Africa