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World demand for silicones is expected to rise 5.9%/yr to US$18.9bn in 2017, fuelled by an improved outlook for global manufacturing and construction activity from the recession-plagued 2007-2012 period, particularly in North America and Western Europe.
These and other trends are presented in World Silicones, a study from The Freedonia Group. The Asia Pacific region has become the leading market for silicones, accounting for nearly 40% of global demand in 2012.
Demand in the region grew nearly 10%/yr from 2002 to 2012, fuelled mainly by the rapid advancement of China as a silicone consumer.
