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Demand for U.S. silicones is projected to approach $4.4 billion in 2020.
February 1, 2017
U.S. demand for silicones is forecast to climb 4.5% annually to $4.4 billion in 2020, with volume rising 2.6% per year to 908 million lbs (see Table 1). This will be a moderation in gains from the performance of the 2010-2015 period, which saw exceptional growth as a result of a broad economic recovery from the recession of 2007-2009. These and other trends are presented in “Silicones,” a recent study from The Freedonia Group.