Silicone Fabrics Market worth $5.5 billion by 2026 - Exclusive Report by MarketsandMarkets - Seite 2

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APAC projected to account for the largest share of the Silicone fabrics market during the forecast period

APAC is projected to have the largest share in the global Silicone fabrics market, in terms of both value and volume, from 2021 to 2026. The APAC Silicone fabrics market is driven by the thriving demand from the manufacturing industry, automotive, and fabrication industry.  APAC Silicone fabrics market has been witnessing consistent growth due to the increasing automotive as well as airbag production in region, growth of the manufacturing sector, and double-digit growth of healthcare and medical sector. Due to the COVID-19 pandemic, the economic growth of several countries such as India, ASEAN, and other countries, has been declining owing to disruption of the supply chain, declining demand for industrial product, the suspension of the manufacturing facilities, and declining oil & gas prices. The demand for Silicone fabrics is therefore expected to decrease in several end-use industries in 2020.

The silicon coated market is dominated by large players, such as Elkem (US), 3M Company (US), Auburn Manufacturing Inc. (US), Nott Company( US), Mid-Mountain Materials, Inc (US), Newtex Industries, Inc (US), Precision Coating & Coated Fabrics (US) Trelleborg AB  (Sweden), COMPAGNIE DE SAINT-GOBAIN S.A. (France), and Serge Ferrari Group (France). Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the silicon coated fabric market.

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