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Silicone - Global Strategic Business Report

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    Report

  • 475 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030744
The global market for Silicone was valued at an estimated US$19.2 Billion in 2023 and is projected to reach US$30.4 Billion by 2030, growing at a CAGR of 6.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the medical plastics market is driven by several factors. The increasing demand for disposable medical devices and supplies, driven by the need for infection control and patient safety, is a significant driver. The expanding healthcare industry, particularly in emerging markets, is boosting demand for a wide range of medical devices and equipment.

Technological innovations in polymer chemistry and manufacturing processes are enhancing the performance and expanding the applications of medical plastics, driving market growth. The rising prevalence of chronic diseases and the aging population are increasing the demand for medical devices, further propelling market expansion. Additionally, the growing focus on sustainability and the development of biodegradable plastics are creating new opportunities in the market. Finally, regulatory trends emphasizing the safety and effectiveness of medical devices are encouraging the adoption of high-quality medical plastics, ensuring continued market growth.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Elastomers segment, which is expected to reach US$14.1 Billion by 2030 with a CAGR of a 7.6%. The Fluids segment is also set to grow at 6.7% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $3.7 Billion in 2023, and China, forecasted to grow at an impressive 8.5% CAGR to reach $7.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Silicone Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Silicone Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Silicone Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as BASF SE, BRB International B.V., CHT Germany GmbH, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 74 Featured):

  • BASF SE
  • BRB International B.V.
  • CHT Germany GmbH
  • DyStar Singapore Pte Ltd.
  • Elkem ASA
  • Evonik Industries AG
  • Gelest, Inc.
  • Hoshine Silicon Industry Co., Ltd.
  • Innospec Inc.
  • Kaneka Corporation
  • Mitsubishi Shoji Chemical Corporation
  • Momentive Performance Materials Inc.
  • Shin-Etsu Chemical Co., Ltd.
  • Siltech Corporation
  • The Dow Chemical Company
  • Wacker Chemie AG
  • Wynca Group

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Competitive Scenario
  • Silicone - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Silicone: An Introductory Prelude
  • Versatile Silicone Soars in Popularity
  • Global Market Prospects & Outlook
  • Market Makes Impressive Strides with Host of Drivers
  • Rise of 3D Printing Adds New Dimension to Silicone Landscape
  • Silicone Market Stares at High Degree of Uncertainty amid Russia-Ukraine Conflict
  • Analysis by Type
  • Analysis by End-Use
  • Regional Analysis
  • Silicone: Product Overview
  • Properties of Silicone
  • Key Silicone Features & Main Applications
  • Recent Market Activity
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Industrial Processes Dictate Global Silicones Market as Main Application Segment
  • The Rise in the Usage of Silicone
  • Sector Promises Bright Prospects for Silicone Market
  • Silicon Rubber Manufacturing at Inflection Point with Technological Advances
  • Building & Construction Silicone Market to Drive Long Term Growth
  • Market Fortunes Intrinsically Tied to the Global Construction Industry
  • Recovery in Construction Sector to Boost Growth
  • Global Construction Spending (in US$ Trillion) for the Years 2020-2028
  • Trends in the Construction Industry Influence Market Uptake
  • Rising Investments in Infrastructure Projects Strengthens Market Prospects
  • Global Infrastructure Spending (in US$ Trillion) by Region/Country Over the Period 2010-2030
  • Global Infrastructure Spending Estimates (in US$ Trillion) by Sector Over the Period 2013-2030
  • Consumer Goods Industry Drives Demand for Silicone
  • Impact of COVID-19 on Electrical Equipment & Consumer Electronics Industry
  • Growing Market for Consumer Electronics Presents Opportunity for Silicone Market: Consumer Electronics Sales in US$ Billion for the Years 2018, 2020, 2022 and 2024
  • Smartphones & Tablets Emerge as High Growth Devices
  • Smartphone Penetration Rate as Share of Total Population: 2016-2024E
  • Global Market for Smartphones (in Billion) for 2016-2024E
  • Personal Care Industry Emerges as a Promising End-Use Market for Silicone Products
  • Global Personal Care Market Growth Outlook (in %) for Years 2019 through 2025
  • Recovery of Automotive Industry Activates Fresh Growth Opportunities for Silicone Market
  • Comparison of Various Automotive Sealant Solutions
  • World Automobile Production in Million Units: 2008-2023
  • Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
  • Pandemic Impact & the New Normal
  • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Growing Focus on Light Weight Models Drive Strong Business Case for Silicone
  • Breakdown of Automotive Material Mix: 2024E
  • Lightweighting Trend in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016, 2019 and 2023E
  • Factors Turbocharging Silicone Momentum in Automotive Industry
  • Silicone Gaining Increased Acceptance in Medical Applications
  • Potential Market for Medical Grade Silicone (2024E): Percentage Share Breakdown of Global Surgical Procedure Volume by Type
  • Growing Prominence of Silicone in Surgical and Medical Device Bonding Drive Demand in Medical Applications
  • Wearable Medical Devices: A Lucrative End-use Market for Medical Silicone
  • Global Medical Devices Market Size (in US$ Billion) for the Years 2021, 2023, 2025 and 2027
  • Global Market for Wearable Medical Devices (2016-2024) (in US$ Million)
  • Antimicrobial Silicone Elastomers to Present Growth Opportunities for Silicone Market
  • Silicone Elastomers Gain Attractive Penetration in Medical & Healthcare Industry
  • Increasing White Goods and Electronic Components Manufacture Spurs Demand in the Electronics Sector
  • Aerospace: A Potential Market for Silicone Sealants
  • Aircraft Manufacture: A Critical End-Use Sector for Silicone
  • Growth Patterns in Commercial Aviation Sector to Guide Growth Opportunities
  • Global Aircraft Deliveries by Region: 2021-2040
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
  • Expanding Alternative Energy Market Bodes Well for Silicone Sealants Demand
  • Global Energy Generation Mix (in %) for 2018 and 2050
  • Silicone Sealants: The Major Sealant Technology
  • Fluctuating Raw Material Prices to Present the Silicone Market with Challenges
  • Strict Regulatory Policies to Hinder the Market Growth of Silicones
  • Regulations on Silicon Usage & Price Volatility: A Double-Pinch for Silicones Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Silicone Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Silicone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Silicone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Silicone by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Elastomers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Elastomers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Elastomers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Fluids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Fluids by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Fluids by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Resins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Resins by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Resins by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Industrial Process by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Industrial Process by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Industrial Process by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Building & Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Personal Care & Consumer Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Personal Care & Consumer Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Personal Care & Consumer Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 33: World Historic Review for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 34: World 16-Year Perspective for Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 35: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 36: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 37: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Silicone Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
  • Silicone Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2023 (E)
JAPAN
  • Silicone Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Silicone Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Silicone Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Silicone Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
INDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BASF SE
  • BRB International B.V.
  • CHT Germany GmbH
  • DyStar Singapore Pte Ltd.
  • Elkem ASA
  • Evonik Industries AG
  • Gelest, Inc.
  • Hoshine Silicon Industry Co., Ltd.
  • Innospec Inc.
  • Kaneka Corporation
  • Mitsubishi Shoji Chemical Corporation
  • Momentive Performance Materials Inc.
  • Shin-Etsu Chemical Co., Ltd.
  • Siltech Corporation
  • The Dow Chemical Company
  • Wacker Chemie AG
  • Wynca Group

Table Information