Specialty Silicones Market - Forecast(2021 - 2026)
Specialty Silicones Market size is expected to be valued at $18.7 billion by the end of the year 2026 and is set to grow at a CAGR of 7.6% during the forecast period from 2021-2026. Specialty silicones find applications in various key-use industries and therefore the development and innovation in end user industries which is driving the demand for specialty silicones market. Specialty silicones is extensively used in the production of defoaming agents , which is used in various applications such as detergent powders, food processing, pharmaceuticals and other industrial applications like wood pulp, paint, oil drilling and wastewater treatment. Other applications of the products of specialty silicone are also driving the market like silicone elastomers which is used in electrical and electronics industry for mechanical insulation. Furthermore, other by products such as silicone greases are also used as lubric...