ANN ARBOR, MI – The North American market for silicones, used by the auto industry in brake, airbag coating and 4-wheel-drive system applications, will grow from €2.9 billion to €3.6 billion ($3.3 billion-$4.1 billion), forecasts Wacker Chemical Corp. The average annual growth rate for silicones in North America will exceed 6%, outpacing the 5% yearly expansion expected globally, Wacker President and CEO Dirk Funke says prior to a conference here on automotive powertrains. “That’s a ...
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