However, the industry also faces some challenges. On the one hand, with the rapid expansion of production capacity, market competition has become increasingly fierce, and some products have overcapacity. On the other hand, there are still certain gaps in the domestic silicone industry in terms of high-end product research and development and control of high-end links in the industrial chain, and high-end products rely on imports.
Looking to the future, the development prospects of the silicone industry are still broad. With the upgrading of global industrialization and consumer demand, especially in the fields of automobiles, construction, electronics and electrical, the demand for high-performance, environmentally friendly silicone materials will continue to grow. At the same time, emerging fields such as 3D printing and smart wearable devices will also become new market growth points for silicone materials.
Overall, the silicone industry will perform well in terms of market demand, technological innovation, and industrial chain integration in 2024, and has huge potential for future development. Enterprises should continue to increase investment in research and development, enhance product competitiveness, and at the same time strengthen upstream and downstream cooperation in the industrial chain to achieve resource sharing and complementary advantages, and jointly promote the sustainable and healthy development of the silicone industry.