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Silicone Fabrics Market Will Achieve $5.5 billion by 2026- Exclusive Report by MarketsandMarkets™
Silicone Fabrics Market Will Achieve $5.5 billion by 2026- Exclusive Report by MarketsandMarkets™
Silicone Fabrics Market by Base Fabric (Fiberglass, Polyester, Polyamide), Application (Protective Clothing, Industrial Fabric, Clothing Fabric), End-Use (Industrial, Consumer, Automotive),

 According to the new market research 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", published by MarketsandMarkets™, 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 the protective clothing, and growing adoption in upholstery and furniture industry are driving the Silicone fabrics market. Moreover, the increasing demand for superior quality, high performance, and durable fabrics in consumer good manufacturing are expected to offer opportunities for Silicone fabrics manufacturers.

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 the airbags across the globe. Also, it is supported by the stringent government regulation in developed as well as developing countries.