According to a new market report published by Lucintel, the future of the silicone market looks promising with opportunities in the industrial processes, building and construction, personal care and consumer products, transportation, electronics, healthcare, and energy industries. The Middle Eastern and North African (MENA) silicone market is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 3%-5% from 2019 to 2025. The major drivers for this market are increasing construction activities and growth in automotive production.
In this market, silicon based products, such as elastomers, resin, fluids, and gels are used in various end use industries. Silicon based elastomers will remain the largest segment over the forecast period due to its increasing usage in various applications, such as voltage line insulators, cooking and baking, food storage products, sportswear and footwear, electronics, medical devices, and implants
Within this market, building and construction will remain the largest end use industry over the forecast period due to growth in construction activities in Middle Eastern countries.
An emerging trend, which has a direct impact on the dynamics of the industry, includes development of antimicrobial silicone elastomer for medical and food and beverage sector. Dow, Momentive, Wacker Chemie, Elkem, and Evonik Industries are among the major suppliers in the Middle Eastern and North African silicone market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Middle Eastern and North African silicone market by end use industry and product type. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Middle Eastern and North African Silicone Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the Middle Eastern and North African silicone market by end use industry and product type as follows:
By End Use [Value ($ Million) and Volume (M lbs) for 2014 – 2025]:
• Industrial Processes
• Building and Construction
• Personal Care and Consumer Products
• Transportation
• Electronics
• Medical and Healthcare
• Energy
• Others

By Product Type [Value ($ Million) for 2014 – 2025]:
• Elastomers
• Fluids
• Resins
• Gels
This 118 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected]. Lucintel offerings include chemical market research reports, chemical industry analysis report, capital investment analysis, due diligence and strategic growth consulting.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the Middle Eastern and North African silicone market by end use industry (industrial processes, building and construction, personal care and consumer products, transportation, electronics, medical and healthcare, energy, and others) and product type (elastomers, fluids, resins, and gels)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which countries will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in this market?