Industrial Process End-Use Industry to Lead the Silicone Market During the Forecast Period
The global silicone market size is projected to grow from USD 16.7 billion in 2021 to USD 23.4. billion by 2026, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast year. The market is projected to witness decent growth in the near future, owing to the rising demand from various end-use industries. The increasing demand for personal care and cosmetic products, particularly in APAC, is expected to boost the demand for silicone in the personal care industry.
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