Silicone is an elastomer comprising chains of silicon and oxygen atoms arranged in an alternative order. It is also known as polysiloxane, which indicates the resin comprises silicon and oxygen as its key components. It is a chemically inert resin variety that is insoluble in water. It shows resistance to oxidation and remains stable in high and low temperatures. It depicts a metallic lustre and is highly brittle in nature.
The non-flammable resin material is purely electropositive that has low toxicity and thermal conductivity. It does not react with chemicals and has a wide range of applications that are associated with the medical and petroleum industries.
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The key importing countries that import Silicone are India, Vietnam, and the United States. On the other hand, the key exporting countries are China, Vietnam, and India.
Key Details About the Silicone Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Silicone price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Silicone Price chart, including India Silicone price, USA Silicone price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Silicone Price Trend:
Silicone has unique properties, which is why it is used in various commercial market sectors. Silicone is involved in producing a variety of oil and petroleum-based products, including grease and lubricants, which are used for gears and engines. It is also used in construction as a sealant and for finishing activities.
Additionally, the curing of Silicone converts it into a solid, which is hard and rigid in nature. Hard Silicone is suitable for filling gaps and protecting structures against liquid penetration. Breast implants and dressings are produced using Silicone elastomer by the medical and pharmaceutical industries. Its applications can also be seen in manufacturing cosmetics and haircare products such as conditioners, makeup foundations, shampoos, etc.
Key Players:
- The Dow Chemical Company
- Evonik Industries AG
- Elkem ASA
- Shin-Etsu Chemical Co, Ltd.
- Momentive
- KCC Corporation
- Wacker Chemie AG
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