According to the report published
by Allied Market Research, the North America and Asia-Pacific silicone in
heavy machinery market garnered $0.8 billion in 2019, and is
expected to generate $1.2 billion by 2027, registering a CAGR of 5.6% from 2020 to 2027. The report provides a detailed
analysis of changing market dynamics, top winning strategies, major segments,
top player positioning, and competitive scenario.
Enhanced properties of liquid
silicone rubber (LSR) and ease in processing of LSR drive the growth of the
North America and Asia-Pacific silicone in heavy machinery market. However, the
non-recyclable nature of LSR hinders the market growth. On the other hand,
demand for silicone rubber from the wind energy sector creates new
opportunities in the coming years.
Get Free Sample
Report in PDF Format @ https://www.alliedmarketresearch.com/request-sample/7555
Leading players of the North America and Asia-Pacific silicone in
heavy machinery market include Wacker
Chemie AG, Dow inc., Elkem Silicones, Stockwell Elastomerics, KCC Silicon,
Shin-Etsu Silicone, Avantor, Zhejiang XinAn Chemical Industrial Group Co. Ltd.,
and Momentive Performance Materials Inc.
Covid-19 Scenario:
·
There has been a considerable plunge in demand
from the power sector along with delay in upcoming power plant projects.
·
The lockdown implemented by governments enforced
silicone rubber manufacturing factories to shut down their operations.
Moreover, supply chain has disrupted, which in turn, resulted in shortage of
raw materials.
·
During the post-lockdown period, manufacturers
will be inclined to deploy smart machinery to reduce dependency on workers in
the factory.
The report provides a detailed
segmentation of the North America and Asia-Pacific silicone in heavy machinery
market based on product type, component, and region.
Based on product type, the
elastomer segment accounted for the largest market share in 2019, holding more
than two-fifths of the total share, and is estimated to maintain its lead
throughout the forecast period. However, the fluids segment is expected to
witness the highest CAGR of 6.2% from 2020 to 2027.
Get Detailed COVID-19
Impact Analysis on the North America and Asia-Pacific Silicone in Heavy
Machinery Market @ https://www.alliedmarketresearch.com/request-for-customization/7555?reqfor=covid
Based on component, the
switchgear segment held the largest market share in 2019, accounting for nearly
two-thirds of the North America and Asia-Pacific silicone in heavy machinery
market, and is projected to witness its dominance throughout the forecast
period. Moreover, this segment is expected to witness a CAGR of 5.0% during the
forecast period.
Based on region, Asia-Pacific
held the largest market share, accounting for more than half of the global
share in 2019, and will maintain its leadership status throughout the forecast
period. Moreover, this segment is estimated to witness the highest CAGR of 5.8% from 2020 to
2027. North America is expected to grow at a CAGR of 5.5% during the forecast
period.
Don't miss out on
business opportunities, Buy Now and gain crucial industry insights that will
help your business grow@ https://www.alliedmarketresearch.com/north-america-and-asia-pacific-silicone-in-heavy-machinery-market/purchase-options
About Us:
Allied Market Research (AMR) is a
full-service market research and business-consulting wing of Allied Analytics
LLP based in Portland, Oregon. Allied Market Research provides global
enterprises as well as medium and small businesses with unmatched quality of
"Market Research Reports" and "Business Intelligence
Solutions." AMR has a targeted view to provide business insights and
consulting to assist its clients to make strategic business decisions and
achieve sustainable growth in their respective market domain.
Pawan
Kumar, the CEO of Allied Market Research, is leading the organization
toward providing high-quality data and insights. We are in professional
corporate relations with various companies and this helps us in digging out
market data that helps us generate accurate research data tables and confirms
utmost accuracy in our market forecasting. Each and every data presented in the
reports published by us is extracted through primary interviews with top officials
from leading companies of domain concerned. Our secondary data procurement
methodology includes deep online and offline research and discussion with
knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
No comments:
Post a Comment