North America Silicone Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The North American silicone market is expected to register a CAGR of over 5% during the forecast period.
The COVID-19 pandemic negatively impacted the silicone market in North America. During COVID-19, major end-user industries like construction, industrial, and automotive were closed due to the lockdown, which decreased the consumption of silicone. After 2020, the market grew steadily due to the continuous activities in the major end-user sectors.
Key HighlightsThe North American silicone market is consolidated in nature. Some of the major players (not in any particular order) in the market include Dow, Elkem ASA, Wacker Chemie AG, Evonik Industries, and Momentive.
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