Global Silicone Fabrics Market Overview:
Silicone fabrics offer strength with flexibility, dimensional stability, and thinness. It produces reliable outcomes over a lengthy period of time. It is capable of being thermally welded and has good tensile and tear strength. These qualities are projected to increase demand across a wide range of industries, including the consumer, industrial, aerospace, automotive, and construction sectors. The growing need for protective gear, stricter government regulations governing passenger safety in automobiles, the expanding manufacturing industries, and the increased use of silicone fabrics in upholstery and furnishings are all expected to fuel the global silicone fabrics market.
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Rise in Number of Airbags per Vehicle Coupled With Stringent Regulation Supporting Market Growth
Market Growth Drivers:
Stringent Government Regulations and Steady Growth in Demand for Protective Clothing Drive Market and Growing Usage of Silicone Fabrics in Construction and Manufacturing Sectors to Propel Demand
Fluctuating raw material prices impact market growth
Availability of low-cost substitutes offering stiff competition and Economic slowdown and impact of COVID-19 on the manufacturing sector
Growing penetration in medical and healthcare sector
Global Silicone Fabrics is a fragmented market due to the presence of various players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Trelleborg AB (Sweden), KAP AG (Germany), Saint-Gobain (France), SergeFerrari Group (France), 3M Company (United States), Auburn Manufacturing, Inc. (United States), Nott Company (United States), Mid-Mountain Materials, Inc. (United States), Newtex Industries, Inc. (United States) and Colmant Coated Fabrics (France). Additionally, following companies can also be profiled that are part of our coverage like Chemprene Inc. (United States), Precision Coating & Coated Fabrics (United States), Jiangsu Multiflon Hi-Tech Co., Ltd. (China) and WALLEAN INDUSTRIES (China). Considering Market by End User, the sub-segment i.e. Industrial will boost the Silicone Fabrics market.
Latest Market Insights:
In May 2021, Saint-Gobain acquired Chryso, a leading global player in the construction chemicals market. Chryso provides comprehensive additives solutions for sustainable construction, helping to significantly reduce the carbon footprint of concrete. The company employs about 1,300 employees and generates approximately USD 400 million in annual sales and around USD 85 million in EBITDA.
In August 2022, Spectroplast, a Swiss start-up, launched a 3D printer. It can make silicone parts and products with quality and precision on par with injection-molded silicone. This development has the potential to drive the manufacturing of a wide range of customized and complex parts and products that were once too expensive, too slow, or just impossible to produce with traditional silicone methods. It also should bring down the high cost of prototyping in silicone.
What Can be Explored with the Silicone Fabrics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Silicone Fabrics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Silicone Fabrics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Silicone Fabrics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Silicone Fabrics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Silicone Fabrics Manufacturers, Potential Investors, Research and Development Institutes, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.