Silicone Market is Anticipated To Reach USD 16760 Million By 2029, Witnessing A CAGR of 3.3% | Valuates Reports
The global Silicone market was valued at USD 12930 million in 2022 and is anticipated to reach USD 16760 million by 2029, witnessing a CAGR of 3.3% during the forecast period 2023-2029.
- The global Silicone market was valued at USD 12930 million in 2022 and is anticipated to reach USD 16760 million by 2029, witnessing a CAGR of 3.3% during the forecast period 2023-2029.
- The silicone market is primarily driven by silicone's superior characteristics and strong demand in the electronics sector.
- Furthermore, the increasing adoption of silicon in the healthcare industry is expected to fuel the silicone market.
- During the forecast period, the silicone market in the Asia Pacific is anticipated to exhibit the greatest CAGR.