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Asia — Main growth area for silicone demand in the future

Views: 0     Author: Site Editor     Publish Time: 2020-11-23      Origin: Site


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According to wacker's statistics, the Asian market has occupied 44% of the market share in 2015. Currently, among China's silicone exporting countries, South Korea, India, Japan, Vietnam, Turkey and other countries have always maintained a high proportion. According to the IMF forecasts that China's real GDP growth in 2021-2025, respectively 8.24%, 5.80%, 5.73%, 5.65%, 5.49%, China's economy can be expected in the future is still to maintain a stable growth, with countries such as southeast Asia including India when the economy is in rapid development, the area per capita consumption is still very low, growth potential is bigger, because this is expected to become the main growth area in the future.

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