Views: 1000 Author: Site Editor Publish Time: 2022-05-27 Origin: Site
At present, the construction field is still the most important terminal scenario for silicone application. Building materials account for about 34 percent of the downstream applications in China's silicone industry. In recent years, the country's massive infrastructure investment has led to an increasing demand for building materials. The silicone market has been driven by the rapid growth of the silicone sealant market with the rise of prefabricated buildings.
Management association of rural revitalization of the Chinese culture construction committee, deputy secretary general yuan shuai told the securities journal in an interview: "with the development of national economy and the continuous improvement of people's living standard, organic silicon products shows superior performance, play a role in more and more fields, gradually replace traditional materials, application scope is expanding. At present, silicone materials have been widely used in electronics and electrical appliances, textile and clothing, clothing and other fields of medical and health industry."
"At the same time, silicone materials are also widely used in the field of new energy due to their excellent high temperature resistance, pressure resistance, radiation resistance and electrical conductivity. In recent years, photovoltaic and other new energy conservation and environmental protection industries have received policy support, promoting the growth of silicone materials. The silicon material market is expected to grow further driven by emerging industries such as 5G, new energy vehicles and chip semiconductors." Yuan shuai said.
According to SAGSI, China's silicone market was estimated at 53 billion yuan in 2020. It is estimated that the relevant market size will reach 94.5 billion yuan by 2025, with a compound annual growth rate of 12.26% from 2020 to 2025. Shenzhen-hong Kong Securities in the research report analysis, silicone consumer demand has great growth potential. According to the per capita consumption, the per capita consumption of silicone in China is less than 1.0kg/ person, which is more than twice the growth space compared with 1.0-2.0kg/ person in developed countries. The long-term demand for silicone in the future will mainly come from China. With the recovery of overseas demand, the export of silicone market will gradually increase.