Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that US silicone demand is forecast to grow 4.2 percent per annum through 2012 to $3.9 billion.

Silicones – US industry forecasts for 2012 & 2017 states that silicone fluids are expected to post the most rapid gains of all the major product segments through 2012. It finds that the main drivers for growth include ongoing technological advancements and product innovation both of which will continue to improve the performance of silicone in a variety of markets and applications.

Analysts say that gains will be aided by the rising use of silicone in numerous cosmetic and toiletry products, as well as expanding opportunities in medical applications. They say that silicones tend to improve the performance of products such as antiperspirants, deodorants, eye make-up, foundation, lipsticks and shampoos. However they find that factors limiting growth include a slowdown in durable goods production through 2012, as well as the relatively high cost of silicone.

Authors of the report say that moderate growth is also expected in industrial and automotive applications, where silicone fluids can be used in greases, lubricants and polishes.

The study finds that the increased use of silicone gel-filled breast implants will also galvanise demand in the medical segment, following their reintroduction to the US market in late 2006. In addition, the report evaluates company market share and profiles 37 US industry competitors.

Silicones – US industry forecasts for 2012 & 2017
Report Buyer product ID: FED00025

Report Buyer Category:  Industry & Manufacturing