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Silicone Fabrics Market Value to Surpass $5.5 Billion by 2026

Silicone fabrics market is thriving as their heat resistance, durability, and flexibility make them ideal for diverse applications like aerospace, automotive, and construction. The demand is driven by the need for high-performance materials in challenging environments.

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Silicone Fabrics Market Value to Surpass $5.5 Billion by 2026

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  1. Silicone Fabrics Market worth $5.5 billion by 2026- Exclusive Report by MarketsandMarkets™ The report "Silicone Fabrics Market by Base Fabric (Fiberglass, Polyester, Polyamide), Application (Protective Clothing, Industrial Fabric, Clothing Fabric), End-Use (Industrial, Consumer, Automotive), and Region - Global Forecast to 2026" The global Silicone fabrics market size is projected to grow from USD 4.0 billion in 2021 to USD 5.5 billion by 2026, at a CAGR of 6.8% between 2020 and 2026. Factors such as stringent government regulations regarding passenger safety in automotive, growth of manufacturing industries, increasing demand for protective clothing, and growing adoption in the upholstery and furniture industry are driving the Silicone fabrics market. Moreover, the increasing demand for superior quality, high performance, and durable fabrics in consumer goods manufacturing is expected to offer opportunities for Silicone fabrics manufacturers. Request a Report Sample to Gain Valuable Insights at https://www.marketsandmarkets.com/requestsampleNew.asp?id=63640718 Fiberglass segment estimated to lead the Silicone fabrics market in 2020 By base fabric, the fiberglass segment accounted for the largest share in the overall Silicone fabrics market. This growth can be attributed to the low cost, high performance, suitability to several industrial applications, and strong resistance to heat, water and UV supports for the growth of the silicone coated fiberglass fabrics market. Similarly, the polyamide segment is mainly driven by increasing demand for airbags across the globe. Also, it is supported by stringent government regulation in developed as well as developing countries. The industrial fabric segment is estimated to be the leading consumer of Silicone fabrics The industrial fabric segment led the overall Silicone fabrics market in 2020, both in terms of value and volume. It is used across several industrial applications such as conveyor belts, insulation, gaskets, hoses, and heat shield, among other. With the growth of the manufacturing industry across the globe, the demand for silicone fabrics is increasing steadily. For any Queries Linked with the Report, Ask an Analyst at https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=63640718 APAC projected to account for the largest share of the Silicone fabrics market during the forecast period APAC is projected to have the largest share in the global Silicone fabrics market, in terms of both value and volume, from 2021 to 2026. The APAC Silicone fabrics market is driven by the thriving demand from the manufacturing industry, automotive, and fabrication industry. APAC Silicone fabrics market has been witnessing consistent growth due to the increasing automotive as well as airbag production in the region, growth of the manufacturing sector, and double-digit growth of the healthcare and medical sector. Due to the COVID-19 pandemic, the economic growth of several countries such as India, ASEAN, and other countries, has been declining owing to disruption of the supply chain, declining demand for industrial products, the suspension of the manufacturing facilities, and declining oil & gas prices. The demand for Silicone fabrics is therefore expected to decrease in several end-use industries in 2020. Request for Bundle Report at https://www.marketsandmarkets.com/RequestBundleReport.asp?id=63640718 The silicon-coated market is dominated by large players, such as Elkem (US), 3M Company (US), Auburn Manufacturing Inc. (US), Nott Company( US), Mid-Mountain Materials, Inc (US), Newtex Industries, Inc (US),

  2. Precision Coating & Coated Fabrics (US) Trelleborg AB (Sweden), COMPAGNIE DE SAINT-GOBAIN S.A. (France), and Serge Ferrari Group (France). Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the silicon-coated fabric market. About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of

  3. applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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