#Silicone #Resins #Market #Size #Worth #Billion
Portland, OR, Oct. 24, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global silicone resins market was estimated at $0.9 billion in 2021 and is expected to hit $1.5 billion by 2031, registering a CAGR of 4.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market. The report is exclusively meant to help the readers with a comprehensive valuation of industry analysis and trends.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $0.9 Billion |
| Market Size in 2031 | $1.5 Billion |
| CAGR | 4.4% |
| No. of Pages in Report | 261 |
| Segments Covered | Type, End-user Industry, and Region. |
| Drivers | Increase in demand for silicone resins for automotive body coverings |
| Opportunities | The fact that companies active in the market are increasing their participation in strategic alliances |
Covid-19 Scenario-
- Disrupted import/export of key silicon-based coating hampered the paints & coatings business, thus impacting the global silicone resins market negatively.
- However, as the restrictions were gradually lifted, participants in the market started exploring new measures to bring down the impact on their businesses, which helped the market get back on track soon.
The global silicone resins market is analyzed across type, end-user industry, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown…
Read on GNW: Silicone Resins Market Size Worth $1.5 Billion by 2031 |
