Explained: Shortage of Silicone | Procurement Intelligence | Thought Leadership Series
Summary
Silicone is a versatile polymer gaining prominence across various industries, revolutionizing product development and performance. The global market for silicone is expected to expand to US$32 billion in 2030, up from US$14.4 billion in 2020. Demand in markets like industrial process, construction, personal care and consumer goods, automotive, healthcare, and electrical and electronics is expected to drive growth in the years leading up to 2030. As the market expands, the procurement strategies are also rapidly evolving. This whitepaper will help you know more about:
- Silicones market growth and manufacturing process including metallurgical grade silicon, ferrosilicon manufacturing, chemical grade silicon and solar and semiconductor grade silicon
- Macro and Micro factors contributing to shortage of silicon and its impact across industries
- Major producers, production challenges and price fluctuations
- How COVID-19 has impacted the silicone businesses in different sectors
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From retail to healthcare, businesses are scraping the bottom of the barrel hoping to find the next opportunity for topline growth or spending cutbacks. Contextualized category intelligence is increasingly the key differentiator.
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