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Silicone Market by Type (Elastomers, Resins, Fluids, Gels), End-Use Industry (Industrial Process, Building & Construction, Personal Care & Consumer Products, Transportation, Electronics, Medical & Healthcare, Energy), & Region - Forecast to 2029

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    Report

  • 266 Pages
  • May 2024
  • Region: Global
  • Markets and Markets
  • ID: 5336169
Description Jump to:
The global silicone market size is projected to grow from USD 21.5 billion in 2024 to USD 31.5 billion by 2029, at a CAGR of 8.0% during the forecast period. The silicone market is growing due to its unique properties, ongoing research and innovation, the globalization of manufacturing, and the rise of emerging markets. These factors together drive demand across a variety of industries, leading to consistent market expansion.

By type, elastomers segment to account for major market share.

Elastomers, among the four types, hold the largest market share and are the fastest-growing segment during the forecast period. The consumer goods industry plays a significant role in the dominance of elastomers in the silicone market. Silicone elastomers are utilized in a variety of consumer products, including kitchenware, baby items, and personal care products. Their softness, durability, and resistance to heat and chemicals make them ideal for these applications. As consumer demand for high-quality, long-lasting, and safe products grows, silicone elastomers are increasingly chosen, solidifying their role in this industry.

By end-use industry, electronics segment to account for the highest CAGR during the forecast period.

Electronics is a major end-use industry in the silicone market. The growing trend toward miniaturization in electronics has pushed manufacturers to create smaller components, which need to withstand higher temperatures to minimize failure risks and ensure reliability. This is where silicone comes in, offering the heat resistance and protection needed for these smaller, high-power electronics. As a result, the demand for silicone in the electronics industry is increasing rapidly, given its ability to safeguard critical component interfaces, which is crucial in advanced electronic devices.

By region, Asia Pacific silicone market is projected to grow at the highest CAGR during the forecast period.

Asia Pacific region is expected to expand at the highest CAGR from 2024 to 2029. The silicone market is expanding rapidly in developing economies like China, Brazil, and India due to its widespread use in various end-use industries. The electronics industry is a key driver of the silicone market's growth in Asia-Pacific. As a leading producer of electronics, from smartphones to semiconductors, the region relies on silicone for its electrical insulation and thermal stability. The robust consumer electronics market and the rise of new technologies like 5G and electric vehicles are fueling even greater demand for silicone in the region. Additionally, the demand for silicone in developing regions is also driven by growth in the transportation and construction industries. India, within the Asia-Pacific region, recorded the highest compound annual growth rate (CAGR) in the silicone market, followed by China and South Korea.
  • By Company: Tier1: 40%, Tier 2: 25%, Tier3: 4: 35%
  • By Designation: C-Level: 35%, Director Level: 30%, Others: 35%
  • By Region: North America: 25%, Europe: 20%, Asia Pacific: 45%, South America: 5%, and Middle East & Africa: 5%.
  • Companies Covered: Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive Performance Materials Inc. (US), Elken ASA (Norway), and Dow Inc. (US), Evonik Industries AG (Germany), Gelest Inc. (US), and others are covered in the silicone market.

Research Coverage

The market study covers the silicone market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on type, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the silicone market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall silicone market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (High demand for silicone in wearable electronics industry), restraints (Stringent regulatory policies), opportunities (Antimicrobial silicone elastomers for healthcare industry), and challenges (Fluctuating raw material prices) influencing the growth of the silicone market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the silicone market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the silicone market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the silicone market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive Performance Materials Inc. (US), Elken ASA (Norway), and Dow Inc. (US), Evonik Industries AG (Germany), Gelest Inc. (US), among others in the silicone market. The report also helps stakeholders understand the pulse of the silicone market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Silicone Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
2.3 Data Triangulation
Figure 4 Silicone Market: Data Triangulation
2.4 Key Market Insights
2.5 Impact of Recession
2.6 Research Assumptions
2.7 Research Limitations
2.8 Risk Assessment
3 Executive Summary
Figure 5 Elastomer Segment Dominated Silicone Market in 2023
Figure 6 Industrial Processes Segment to Lead Silicone Market Until 2029
Figure 7 Asia-Pacific Led Silicone Market in 2023
4 Premium Insights
4.1 Attractive Opportunities for Players in Silicone Market
Figure 8 Asian Economies to Witness Relatively Higher Growth Rate for Silicone Market
4.2 Asia-Pacific: Silicone Market, by Type and End-use Industry, 2023
Figure 9 Elastomers Accounted for Largest Share in Terms of Volume
4.3 Silicone Market, by Country
Figure 10 Silicone Market in India to Grow at Highest CAGR
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 11 Drivers, Restraints, Opportunities, and Challenges in Silicone Market
5.2.1 Drivers
5.2.1.1 Unique Properties of Silicone
5.2.1.2 High Demand for Silicone in Wearable Electronics Industry
5.2.2 Restraints
5.2.2.1 Stringent Regulatory Policies
5.2.3 Opportunities
5.2.3.1 Antimicrobial Silicone Elastomers for Healthcare Industry
5.2.3.2 Growing Demand in Transportation Industry
Figure 12 Global Sales of All Vehicles, 2019-2023 (Million Unit)
5.2.3.3 High Market Potential in Structural Silicone Glazing
5.2.4 Challenges
5.2.4.1 Fluctuating Raw Material Prices
6 Industry Trends
6.1 Trends and Disruptions Impacting Customer Business
Figure 13 Trends and Disruptions Impacting Customer's Business
6.2 Pricing Analysis
6.2.1 Average Selling Price Trend of Key Players, by Type
Figure 14 Average Selling Price Trend of Key Players, by Type
Table 1 Average Selling Price Trend of Key Players, by Type (USD/Ton)
6.2.2 Average Selling Price Trend, by Region
6.3 Prices for Silicone in Different Regions Analyzed for 2023-2029.
Figure 15 Average Selling Price Trend, by Region (USD/Ton)
Table 2 Average Selling Price Trend, by Region, 2023-2029 (USD/Ton)
6.4 Supply Chain Analysis
Figure 16 Supply Chain Analysis
6.5 Ecosystem
Figure 17 Key Players in Silicone Market Ecosystem
Table 3 Silicone Market: Ecosystem
6.6 Technology Analysis
6.6.1 Key Technologies
6.6.1.1 Room Temperature Vulcanization (Rtv)
6.6.1.2 Liquid Silicone Rubber (Lsr) Injection Molding
6.6.1.3 Platinum Cure
6.6.2 Complementary Technologies
6.6.2.1 Surface Modification Techniques
6.7 Patent Analysis
Figure 18 Number of Patents Granted for Silicone Market, 2014-2023
Figure 19 Regional Analysis of Patents Granted for Silicone Market, 2014-2023
Table 4 Patents in Silicone Market, 2022-2023
6.8 Trade Analysis
6.8.1 Export Scenario of Silicone Market
6.8.1.1 Export Scenario for HS Code: 3910
Figure 20 Exports (HS Code 3910), by Key Country, 2019-2023 (USD Billion)
6.8.2 Import Scenario of Silicone Market
6.8.2.1 Import Scenario for HS Code: 3910
Figure 21 Imports (HS Code 3910), by Key Country, 2019-2023 (USD Billion)
6.9 Key Conferences and Events 2024-2025
Table 5 Key Conferences and Events 2024-2025
6.10 Tariff and Regulatory Landscape
6.10.1 Tariff Related to Silicone Market
Table 6 Average Tariff Rates for HS 3910, by Country, 2022
6.10.2 Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Rest of World: Regulatory Bodies, Government Agencies, and Other Organizations
6.11 Porter's Five Forces Analysis
Figure 22 Porter's Five Forces Analysis
Table 11 Porter's Five Forces Analysis
6.11.1 Threat of New Entrants
6.11.2 Threat of Substitutes
6.11.3 Bargaining Power of Suppliers
6.11.4 Bargaining Power of Buyers
6.11.5 Intensity of Competitive Rivalry
6.12 Key Stakeholders and Buying Criteria
6.12.1 Key Stakeholders in Buying Process
Figure 23 Influence of Stakeholders on Buying Process for Key End-use Industries
Table 12 Influence of Stakeholders on Buying Process for Key End-use Industries (%)
6.12.2 Buying Criteria
Figure 24 Key Buying Criteria for Top End-use Industries
Table 13 Key Buying Criteria for Top End-use Industries
6.13 Case Study Analysis
6.13.1 Sustainable Transformation at Kuwait Airport Enabled by Silicone Sealants
6.13.1.1 Challenge
6.13.1.2 Solution
6.13.2 Enhancing Safety and Efficiency in Data Center Infrastructure with Silicone Solutions
6.13.2.1 Challenge
6.13.2.2 Solution
6.13.3 Elevating Architecture with Structural Silicone Glazing
6.13.3.1 Challenge
6.13.3.2 Solution
6.14 Macroeconomic Indicators
6.14.1 Global GDP Outlook
Table 14 Global GDP Growth Projection, 2021-2028 (USD Trillion)
6.14.2 Construction Industry as Percentage of GDP and Its Impact on Silicone Market
Table 15 Construction as Percentage of GDP, by Key Country, 2022
6.14.3 Global Automobile Production and Growth
Table 16 Global Automobile Production (Unit) and Growth, by Country, 2021-2022
7 Silicone Market, by Type
7.1 Introduction
Figure 25 Elastomers Dominated Silicone Market in 2023
Table 17 Silicone Market, by Type, 2018-2021 (USD Million)
Table 18 Silicone Market, by Type, 2018-2021 (Thousand Ton)
Table 19 Silicone Market, by Type, 2022-2029 (USD Million)
Table 20 Silicone Market, by Type, 2022-2029 (Thousand Ton)
7.2 Elastomers
7.2.1 Use in Transportation Industry to Drive Market
7.3 Fluids
7.3.1 UV Resistance Benefits to Drive Demand in Transportation and Cosmetics Industries
7.4 Resins
7.4.1 High Demand in Building & Construction Industry to Drive Market
7.5 Gels & Other Products
7.5.1 Growing Demand from Medical & Healthcare Industry to Drive Market
8 Silicone Market, by End-use Industry
8.1 Introduction
Figure 26 Industrial Processes End-use Industry to Lead Market During Forecast Period
Table 21 Silicone Market, by End-use Industry, 2018-2021 (USD Million)
Table 22 Silicone Market, by End-use Industry, 2018-2021 (Thousand Ton)
Table 23 Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 24 Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
8.2 Industrial Processes
8.2.1 Hydrolysis Resistance Benefits to Drive Demand
8.3 Building & Construction
8.3.1 Increasing Use of Silicone Adhesives, Coatings, and Sealants to Drive Market
8.4 Transportation
8.4.1 Increasing Fuel Efficiency to Boost Silicone Demand
8.5 Personal Care & Consumer Products
8.5.1 Versatility and Uniqueness of Silicones to Drive Demand
8.6 Electronics
8.6.1 Emerging Trends in Electronics Industry to Drive Demand
8.7 Medical & Healthcare
8.7.1 Versatility, Biocompatibility, Low Surface Tension, High Permeability, and Pressure-Sensitive Properties to Drive Market
8.8 Energy
8.8.1 Applications in Solar Panels and Wind Turbines to Drive Market
8.9 Other End-use Industries
9 Silicone Market, by Region
9.1 Introduction
Figure 27 India to Record Fastest Growth During Forecast Period Market
Figure 28 Asia-Pacific to Record Fastest Growth During Forecast Period
Table 25 Silicone Market, by Region, 2022-2029 (USD Million)
Table 26 Silicone Market, by Region, 2022-2029 (Thousand Ton)
9.2 Asia-Pacific
9.2.1 Recession Impact
Figure 29 Asia-Pacific: Silicone Market Snapshot
Table 27 Asia-Pacific: Silicone Market, by Country, 2022-2029 (USD Million)
Table 28 Asia-Pacific: Silicone Market, by Country, 2022-2029 (Thousand Ton)
Table 29 Asia-Pacific: Silicone Market, by Type, 2018-2021 (USD Million)
Table 30 Asia-Pacific: Silicone Market, by Type, 2018-2021 (Thousand Ton)
Table 31 Asia-Pacific: Silicone Market, by Type, 2022-2029 (USD Million)
Table 32 Asia-Pacific: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 33 Asia-Pacific: Silicone Market, by End-use Industry, 2018-2021 (USD Million)
Table 34 Asia-Pacific: Silicone Market, by End-use Industry, 2018-2021 (Thousand Ton)
Table 35 Asia-Pacific: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 36 Asia-Pacific: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.2.2 China
9.2.2.1 Increasing Industrial Activities to Drive Market
Table 37 China: Silicone Market, by Type, 2022-2029 (USD Million)
Table 38 China: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 39 China: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 40 China: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.2.3 Japan
9.2.3.1 Demand for Lightweight Passenger Vehicles and Growing Electronics Industry to Drive Market
Table 41 Japan: Silicone Market, by Type, 2022-2029 (USD Million)
Table 42 Japan: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 43 Japan: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 44 Japan: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.2.4 India
9.2.4.1 Growing Construction Industry and Rapid Industrialization to Drive Market
Table 45 India: Silicone Market, by Type, 2022-2029 (USD Million)
Table 46 India: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 47 India: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 48 India: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.2.5 South Korea
9.2.5.1 Government Investments in End-use Industries to Drive Market
Table 49 South Korea: Silicone Market, by Type, 2022-2029 (USD Million)
Table 50 South Korea: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 51 South Korea: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 52 South Korea: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.2.6 Australia
9.2.6.1 Increasing Infrastructure Development to Drive Market
Table 53 Australia: Silicone Market, by Type, 2022-2029 (USD Million)
Table 54 Australia: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 55 Australia: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 56 Australia: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.2.7 Rest of Asia-Pacific
Table 57 Rest of Asia-Pacific: Silicone Market, by Type, 2022-2029 (USD Million)
Table 58 Rest of Asia-Pacific: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 59 Rest of Asia-Pacific: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 60 Rest of Asia-Pacific: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.3 Europe
9.3.1 Recession Impact
Figure 30 Europe: Silicone Market Snapshot
Table 61 Europe: Silicone Market, by Country, 2022-2029 (USD Million)
Table 62 Europe: Silicone Market, by Country, 2022-2029 (Thousand Ton)
Table 63 Europe: Silicone Market, by Type, 2018-2021 (USD Million)
Table 64 Europe: Silicone Market, by Type, 2018-2021 (Thousand Ton)
Table 65 Europe: Silicone Market, by Type, 2022-2029 (USD Million)
Table 66 Europe: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 67 Europe: Silicone Market, by End-use Industry, 2018-2021 (USD Million)
Table 68 Europe: Silicone Market, by End-use Industry, 2018-2021 (Thousand Ton)
Table 69 Europe: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 70 Europe: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.3.2 Germany
9.3.2.1 Superior Resistance of Silicones to Ozone, Oxygen, and UV Light to Drive Demand in Construction Industry
Table 71 Germany: Silicone Market, by Type, 2022-2029 (USD Million)
Table 72 Germany: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 73 Germany: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 74 Germany: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.3.3 France
9.3.3.1 Increasing Use of Silicones in Personal Care & Cosmetic Products to Drive Market
Table 75 France: Silicone Market, by Type, 2022-2029 (USD Million)
Table 76 France: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 77 France: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 78 France: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.3.4 Uk
9.3.4.1 Growing Demand for Silicone Elastomers in Building & Construction Industry to Drive Market
Table 79 Uk: Silicone Market, by Type, 2022-2029 (USD Million)
Table 80 Uk: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 81 Uk: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 82 Uk: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.3.5 Italy
9.3.5.1 Development of Industrial and Manufacturing Sectors to Drive Market
Table 83 Italy: Silicone Market, by Type, 2022-2029 (USD Million)
Table 84 Italy: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 85 Italy: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 86 Italy: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.3.6 Russia
9.3.6.1 Immense Growth Potential of Construction Industry to Drive Market
Table 87 Russia: Silicone Market, by Type, 2022-2029 (USD Million)
Table 88 Russia: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 89 Russia: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 90 Russia: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.3.7 Rest of Europe
Table 91 Rest of Europe: Silicone Market, by Type, 2022-2029 (USD Million)
Table 92 Rest of Europe: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 93 Rest of Europe: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 94 Rest of Europe: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.4 North America
9.4.1 Recession Impact
Table 95 North America: Silicone Market, by Country, 2022-2029 (USD Million)
Table 96 North America: Silicone Market, by Country, 2022-2029 (Thousand Ton)
Table 97 North America: Silicone Market, by Type, 2018-2021 (USD Million)
Table 98 North America: Silicone Market, by Type, 2018-2021 (Thousand Ton)
Table 99 North America: Silicone Market, by Type, 2022-2029 (USD Million)
Table 100 North America: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 101 North America: Silicone Market, by End-use Industry, 2018-2021 (USD Million)
Table 102 North America: Silicone Market, by End-use Industry, 2018-2021 (Thousand Ton)
Table 103 North America: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 104 North America: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.4.2 US
9.4.2.1 Growth of Industrial Processes Segment to Drive Demand for Silicones
Table 105 US: Silicone Market, by Type, 2022-2029 (USD Million)
Table 106 US: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 107 US: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 108 US: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.4.3 Canada
9.4.3.1 Growth in Residential and Public Infrastructure to Drive Market
Table 109 Canada: Silicone Market, by Type, 2022-2029 (USD Million)
Table 110 Canada: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 111 Canada: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 112 Canada: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.4.4 Mexico
9.4.4.1 Rising Industrialization to Drive Market
Table 113 Mexico: Silicone Market, by Type, 2022-2029 (USD Million)
Table 114 Mexico: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 115 Mexico: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 116 Mexico: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.5 South America
9.5.1 Recession Impact
Table 117 South America: Silicone Market, by Country, 2022-2029 (USD Million)
Table 118 South America: Silicone Market, by Country, 2022-2029 (Thousand Ton)
Table 119 South America: Silicone Market, by Type, 2018-2021 (USD Million)
Table 120 South America: Silicone Market, by Type, 2018-2021 (Thousand Ton)
Table 121 South America: Silicone Market, by Type, 2022-2029 (USD Million)
Table 122 South America: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 123 South America: Silicone Market, by End-use Industry, 2018-2021 (USD Million)
Table 124 South America: Silicone Market, by End-use Industry, 2018-2021 (Thousand Ton)
Table 125 South America: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 126 South America: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.5.2 Brazil
9.5.2.1 Fiscal Sustainability and Structural Reforms to Drive Market
Table 127 Brazil: Silicone Market, by Type, 2022-2029 (USD Million)
Table 128 Brazil: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 129 Brazil: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 130 Brazil: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.5.3 Argentina
9.5.3.1 Industrial Growth to Fuel Demand for Silicone Elastomers
Table 131 Argentina: Silicone Market, by Type, 2022-2029 (USD Million)
Table 132 Argentina: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 133 Argentina: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 134 Argentina: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.5.4 Rest of South America
Table 135 Rest of South America: Silicone Market, by Type, 2022-2029 (USD Million)
Table 136 Rest of South America: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 137 Rest of South America: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 138 Rest of South America: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.6 Middle East & Africa
9.6.1 Recession Impact
Table 139 Middle East & Africa: Silicone Market, by Country, 2022-2029 (USD Million)
Table 140 Middle East & Africa: Silicone Market, by Country, 2022-2029 (Thousand Ton)
Table 141 Middle East & Africa: Silicone Market, by Type, 2018-2021 (USD Million)
Table 142 Middle East & Africa: Silicone Market, by Type, 2018-2021 (Thousand Ton)
Table 143 Middle East & Africa: Silicone Market, by Type, 2022-2029 (USD Million)
Table 144 Middle East & Africa: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 145 Middle East & Africa: Silicone Market, by End-use Industry, 2018-2021 (USD Million)
Table 146 Middle East & Africa: Silicone Market, by End-use Industry, 2018-2021 (Thousand Ton)
Table 147 Middle East & Africa: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 148 Middle East & Africa: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.6.2 Saudi Arabia
9.6.2.1 Investment in Construction Industry to Drive Demand for Silicones
Table 149 Saudi Arabia: Silicone Market, by Type, 2022-2029 (USD Million)
Table 150 Saudi Arabia: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 151 Saudi Arabia: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 152 Saudi Arabia: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.6.3 Uae
9.6.3.1 Growth of Building & Construction Industry to Drive Market
Table 153 Uae: Silicone Market, by Type, 2022-2029 (USD Million)
Table 154 Uae: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 155 Uae: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 156 Uae: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.6.3.2 Rest of Gcc
Table 157 Rest of Gcc: Silicone Market, by Type, 2022-2029 (USD Million)
Table 158 Rest of Gcc: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 159 Rest of Gcc: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 160 Rest of Gcc: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.6.4 Turkey
9.6.4.1 Investments in Construction Projects to Drive Market
Table 161 Turkey: Silicone Market, by Type, 2022-2029 (USD Million)
Table 162 Turkey: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 163 Turkey: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 164 Turkey: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.6.5 South Africa
9.6.5.1 Rapid Urbanization and Growing Demand for Sustainable Building to Drive Market
Table 165 South Africa: Silicone Market, by Type, 2022-2029 (USD Million)
Table 166 South Africa: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 167 South Africa: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 168 South Africa: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
9.6.6 Rest of Middle East & Africa
Table 169 Rest of Middle East & Africa: Silicone Market, by Type, 2022-2029 (USD Million)
Table 170 Rest of Middle East & Africa: Silicone Market, by Type, 2022-2029 (Thousand Ton)
Table 171 Rest of Middle East & Africa: Silicone Market, by End-use Industry, 2022-2029 (USD Million)
Table 172 Rest of Middle East & Africa: Silicone Market, by End-use Industry, 2022-2029 (Thousand Ton)
10 Competitive Landscape
10.1 Key Player Strategies/Right to Win
Table 173 Overview of Strategies Adopted by Key Silicone Players
10.2 Market Share Analysis
Figure 31 Share of Key Players in Silicone Market, 2023
Table 174 Silicone Market: Degree of Competition
10.2.1 Market Ranking Analysis
Figure 32 Ranking of Top Five Players in Silicone Market
10.3 Revenue Analysis
Figure 33 Revenue Analysis for Key Companies in Silicone Market Over Last Five Years
10.4 Company Valuation and Financial Metrics
Figure 34 Company Valuation (USD Billion)
Figure 35 Financial Matrix: EV/Ebitda Ratio
10.5 Product/Brand Comparison
Figure 36 Silicone Market: Product Comparison
10.6 Company Evaluation Matrix: Key Players, 2023
10.6.1 Stars
10.6.2 Emerging Leaders
10.6.3 Pervasive Players
10.6.4 Participants
Figure 37 Silicone Market: Company Evaluation Matrix, 2023
10.6.5 Company Footprint: Key Players, 2023
Figure 38 Silicone Market: Company Footprint (15 Companies)
Table 175 Silicone Market: Regional Footprint (15 Companies)
Table 176 Silicone Market: Type Footprint (15 Companies)
Table 177 Silicone Market: End-use Industry Footprint (15 Companies)
10.7 Company Evaluation Matrix: Startups/SMEs, 2023
10.7.1 Progressive Companies
10.7.2 Responsive Companies
10.7.3 Dynamic Companies
10.7.4 Starting Blocks
Figure 39 Silicone Market: Startups/SMEs Evaluation Matrix, 2023
10.7.5 Competitive Benchmarking: Startups/SMEs, 2023
Table 178 Silicone Market: Detailed List of Key Startups/SMEs
Table 179 Silicone Market: Competitive Benchmarking of Key Startups/SMEs
10.8 Competitive Scenarios and Trends
10.8.1 Product/Service Launches
Table 180 Silicone Market: Product/Service Launches, July 2019-April 2024
10.8.2 Deals
Table 181 Silicone Market: Deals, August 2019-March 2024
10.8.3 Expansions
Table 182 Silicone Market: Expansions, April 2019-September 2023
11 Company Profiles
(Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View)*
11.1 Key Players
11.1.1 Wacker Chemie AG
Table 183 Wacker Chemie AG: Company Overview
Figure 40 Wacker Chemie AG: Company Snapshot (2023)
Table 184 Wacker Chemie AG: Products/Solutions/Services Offered
Table 185 Wacker Chemie AG: Product Launches, July 2019 - February 2024
Table 186 Wacker Chemie AG: Deals, October 2021-March 2022
Table 187 Wacker Chemie AG: Expansions, April 2019-September 2023
11.1.2 Shin-Etsu Chemical Co. Ltd.
Table 188 Shin-Etsu Chemical Co. Ltd.: Company Overview
Figure 41 Shin-Etsu Chemical Co. Ltd.: Company Snapshot (2023)
Table 189 Shin-Etsu Chemical Co. Ltd.: Products/Solutions/Services Offered
Table 190 Shin-Etsu Chemical Co. Ltd.: Product Launches, July 2020- March 2024
Table 191 Shin-Etsu Chemical Co. Ltd.: Expansions, May 2020-September 2023
11.1.3 Elkem Asa
Table 192 Elkem Asa: Company Overview
Figure 42 Elkem Asa: Company Snapshot (2023)
Table 193 Elkem Asa: Products/Solutions/Services Offered
Table 194 Elkem Asa: Product Launches, March 2023-April 2024
Table 195 Elkem Asa: Deals, August 2019-January 2024
Table 196 Elkem Asa: Expansions, December 2020-October 2022
11.1.4 Dow Inc.
Table 197 The Dow Chemical Company: Company Overview
Figure 43 Dow Inc.: Company Snapshot (2023)
Table 198 The Dow Chemical Company: Products/Solutions/Services Offered
Table 199 The Dow Chemical Company: Product Launches, October 2020-March 2023
Table 200 Dow Inc.: Expansions, July 2021-March 2022
11.1.5 Momentive Performance Materials Inc.
Table 201 Momentive Performance Materials Inc.: Company Overview
Table 202 Momentive Performance Materials Inc.: Products/Solutions/ Services Offered
Table 203 Momentive Performance Materials Inc.: Product Launches, August 2019
Table 204 Momentive Performance Materials Inc.: Deals, November 2020-March 2024
Table 205 Momentive Performance Materials Inc.: Expansions, October 2020- February 2023
11.1.6 Gelest Inc.
Table 206 Gelest Inc.: Company Overview
Table 207 Gelest Inc.: Products/Solutions/Services Offered
Table 208 Gelest Inc.: Deals, October 2020
11.1.7 Evonik Industries AG
Table 209 Evonik Industries AG: Company Overview
Figure 44 Evonik Industries AG: Company Snapshot (2023)
Table 210 Evonik Industries AG: Products/Solutions/Services Offered
Table 211 Evonik Industries AG: Product Launches, October 2019-October 2023
Table 212 Evonik Industries AG: Deals, December 2022-February 2023
Table 213 Evonik Industries AG: Expansions, June 2019-October 2021
11.1.8 Innospec Inc.
Table 214 Innospec Inc.: Company Overview
Figure 45 Innospec Inc.: Company Snapshot (2023)
Table 215 Innospec Inc.: Products/Solutions/Services Offered
Table 216 Innospec Inc.: Expansions, May 2021-June 2022
11.1.9 Specialty Silicone Products, Inc.
Table 217 Specialty Silicone Products, Inc.: Company Overview
Table 218 Specialty Silicone Products, Inc.: Products/Solutions/Services Offered
11.1.10 Hoshine Silicon Industry Co. Ltd.
Table 219 Hoshine Silicon Industry Co. Ltd.: Company Overview
Table 220 Hoshine Silicon Industry Co. Ltd.: Products/Solutions/Services Offered
Table 221 Hoshine Silicon Industry Co. Ltd.: Expansions, December 2021-May 2022
11.2 Other Players
11.2.1 Zhejiang Xinan Chemical Industrial Group Co. Ltd.
11.2.2 Reiss Manufacturing, Inc.
11.2.3 Siltech Corporation
11.2.4 Kaneka Corporation
11.2.5 Cht Group
11.2.6 Genesee Polymers Corporation
11.2.7 Silicone Solutions, Inc.
11.2.8 Silicone Engineering Ltd.
11.2.9 Zhejiang Sucon Silicone Co. Ltd.
11.2.10 Silteq Ltd.
11.2.11 Konark Silicone Technologies
11.2.12 Supreme Silicones India Pvt. Ltd.
11.2.13 Shenzhen Square Silicone Co. Ltd.
11.2.14 Guangzhou Ott New Materials Co. Ltd.
11.2.15 Csl Silicones, Inc.
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
12 Adjacent & Related Market
12.1 Silicone Elastomers Market
12.1.1 Introduction
12.1.2 Limitations
12.1.3 Market Definition
12.1.4 Market Overview
12.1.5 Silicone Elastomers Market, by Type
Table 222 Silicone Elastomers Market, by Type, 2017-2022 (USD Million)
Table 223 Silicone Elastomers Market, by Type, 2023-2029 (USD Million)
Table 224 Silicone Elastomers Market, by Type, 2017-2022 (Kiloton)
Table 225 Silicone Elastomers Market, by Type, 2023-2029 (Kiloton)
12.1.6 Silicone Elastomers Market, by Process
Table 226 Silicone Elastomers Market, by Process, 2017-2022 (USD Million)
Table 227 Silicone Elastomers Market, by Process, 2023-2029 (USD Million)
Table 228 Silicone Elastomers Market, by Process, 2017-2022 (Kiloton)
Table 229 Silicone Elastomers Market, by Process, 2023-2029 (Kiloton)
12.1.7 Silicone Elastomers Market, by End-use Industry
Table 230 Silicone Elastomers Market, by End-use Industry, 2017-2022 (USD Million)
Table 231 Silicone Elastomers Market, by End-use Industry, 2023-2029 (USD Million)
Table 232 Silicone Elastomers Market, by End-use Industry, 2017-2022 (Kiloton)
Table 233 Silicone Elastomers Market, by End-use Industry, 2023-2029 (Kiloton)
12.1.8 Silicone Elastomers Market, by Region
Table 234 Silicone Elastomers Market, by Region, 2017-2022 (USD Million)
Table 235 Silicone Elastomers Market, by Region, 2023-2029 (USD Million)
Table 236 Silicone Elastomers Market, by Region, 2017-2022 (Kiloton)
Table 237 Silicone Elastomers Market, by Region, 2023-2029 (Kiloton)
13 Appendix
13.1 Knowledgestore: The Subscription Portal
13.2 Customization Options

Companies Mentioned

  • Wacker Chemie AG
  • Shin-Etsu Chemical Co. Ltd.
  • Elkem Asa
  • Dow Inc.
  • Momentive Performance Materials Inc.
  • Gelest Inc.
  • Evonik Industries AG
  • Innospec Inc.
  • Specialty Silicone Products, Inc.
  • Hoshine Silicon Industry Co. Ltd.
  • Zhejiang Xinan Chemical Industrial Group Co. Ltd.
  • Reiss Manufacturing, Inc.
  • Siltech Corporation
  • Kaneka Corporation
  • Cht Group
  • Genesee Polymers Corporation
  • Silicone Solutions, Inc.
  • Silicone Engineering Ltd.
  • Zhejiang Sucon Silicone Co. Ltd.
  • Silteq Ltd.
  • Konark Silicone Technologies
  • Supreme Silicones India Pvt. Ltd.
  • Shenzhen Square Silicone Co. Ltd.
  • Guangzhou Ott New Materials Co. Ltd.
  • Csl Silicones, Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages266
PublishedMay 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 21.5 Billion
Forecasted Market Value ( USD ) by 2029 $ 31.5 Billion
Compound Annual Growth Rate8.0%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Silicones Market

The Silicones market is a large and diverse industry that produces a wide range of products. Silicones are synthetic polymers that are used in a variety of applications, including sealants, lubricants, adhesives, coatings, and medical implants. They are also used in the manufacture of consumer products such as cosmetics, shampoos, and conditioners. Silicones are known for their excellent thermal stability, chemical resistance, and electrical insulation properties. They are also highly resistant to water, UV radiation, and extreme temperatures. This makes them ideal for use in a variety of industries, including automotive, aerospace, and medical. The Silicones market is highly competitive, with many companies offering a wide range of products. Some of the major players in the market include Dow Corning, Wacker Chemie, Shin-Etsu Chemical, Momentive Performance Materials, and KCC Corporation. These companies are constantly innovating and developing new products to meet the changing needs of their customers. Show Less Read more

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