Silicone is a new high-performance material. Due to the wide downstream demand, the growth rate of silicone demand has been higher than the global growth rate of GDP. Statistics show that the annual global compound demand for organic silicon is about 5%, while the global GDP growth rate of the IMF (International Monetary Fund) is only 3.55%.

There are two main reasons for the growth of the future silicone market:

First, silicones have demonstrated their superior performance and role in an increasingly broad field. The emerging consumer applications such as new materials, biomedical, new energy, high-end equipment manufacturing and daily necessities have maintained rapid growth in demand for silicones. Taking silicone liquid glue as an example, the application of this product in medical devices will promote the further growth of the demand of the product on a global scale.

The second reason is related to the fast-growing demand in emerging markets such as Asia Pacific, the Middle East and Africa. Emerging market countries have low per capita GDP, and there is still a big gap and growth prospects per capita organic silicon consumption compared with developed countries, which will greatly increase the market demand for organic silicon.