Silicone application depth development, industry prosperity continued. With the development of the world economy and the continuous improvement of people's living standards, silicone products show their superior performance and play a role in more and more fields, gradually realize the replacement of traditional materials, the application scope is expanding.
At present, the largest proportion of China's organic silicon consumption is construction, electronic appliances, electric power and new energy, medical and personal care and other fields. It is expected that in the next 5 years, in many downstream application fields of organic silicon, construction, electronics and electrical appliances, textile, personal care will still be the main application fields of organic silicon materials, photovoltaic, new energy and other energy conservation and environmental protection industry market demand for organic silicon materials will maintain medium-high growth. Ultra-high voltage and ultra-high voltage power grid construction, 3D printing, smart wearable devices and other emerging fields will be one of the market growth points and breakthroughs of silicone materials in the future.
SAGSI predicts that the global silicone consumption will maintain an annual growth rate of 5% from 2018 to 2023, and the polysiloxane consumption in China will be higher than that in the world, with an annual growth rate of about 8.4% in the next five years. The fastest growth for the power and new energy industry, mainly affected by the rapid development of new energy vehicle sealant, photovoltaic sealant and other fields; The second is the construction industry, mainly affected by the development of the real estate industry, especially the increase in the use of glass curtain wall in high-rise buildings. Other fields such as electronics and electrical appliances, medical treatment and textiles will also maintain considerable annual growth.
From the whole application basis and the demand side of the situation, the prosperity of the silicone industry is good for a period of time in the future is sustainable.