Silicone (except Resins) Market Report 2025

This Silicone (except Resins) market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The silicone (except resins) market size has grown rapidly in recent years. It will grow from $109.02 billion in 2024 to $120.38 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to growing industrial applications, demand for electronics and electricals, construction boom, growing healthcare sector, growing automotive industry.

The silicone (except resins) market size is expected to see strong growth in the next few years. It will grow to $170.79 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to growing renewable energy, demand for electrification of vehicles, demand for smart and green buildings, growing pharmaceuticals and biotechnology. Major trends in the forecast period include silicone recycling, silicone 3d printing, bio-based silicones, silicone in healthcare wearables, silicone in cosmetics.

The growth of the automobile sector is expected to drive the expansion of the silicon (except resins) market in the coming years. The automobile sector encompasses a range of businesses and institutions involved in the design, production, marketing, and sale of vehicles. Silicones play a crucial role in the manufacturing of engine gaskets, seals, and hoses, as these components require high durability to withstand extreme temperatures, pressure, and exposure to various chemicals. For instance, in January 2023, the National Automobile Dealers Association (NADA), a US-based trade organization, reported 13.7 million new light-vehicle sales in the United States, with an expected increase to 14.6 million in 2023, representing a 6.6% growth compared to 2022. Consequently, the expanding automobile sector is fueling the growth of the silicon (except resins) market.

The growing construction industry is anticipated to significantly contribute to the growth of the silicon (except resins) market in the future. The construction industry includes activities related to the planning, design, construction, renovation, and maintenance of buildings, infrastructure, and other physical structures. Silicones are widely used in construction as sealants and adhesives due to their excellent adhesion, flexibility, and durability. These properties make them ideal for sealing gaps, joints, and cracks in structures such as windows, doors, and roofs, ensuring airtight and watertight seals that enhance energy efficiency and structural longevity. For example, in March 2023, a report by Oxford Economics, a UK-based provider of economic information services, revealed that global construction output was valued at $9.7 trillion in 2022 and is projected to rise to $13.9 trillion by 2037. Thus, the expanding construction industry is driving the growth of the silicon (except resins) market.

Major companies in the silicon (excluding resins) market are actively innovating new technologies, such as low-cyclosiloxane silicone elastomer blends and silicone resin blends. These innovations cater to topical applications and offer improved spreadability and water-resistant properties. For instance, DuPont de Nemours Inc. launched new developments in low-cyclic silicone elastomer blends and silicone resin blends in April 2023 to enhance the feel and durability of topical formulations.

Major companies are introducing new products to increase their market profitability. For example, SambaNova Systems launched the SN40L chip in September 2023, a silicon-based semiconductor chip designed to power AI systems and handle massive data flows associated with AI activities.

In May 2024, KCC Corporation, a chemical company based in South Korea, acquired Momentive Performance Materials Group for an undisclosed sum. This acquisition strengthens Momentive's expertise in advanced silicones and specialized applications, broadening its technological capabilities and geographic presence. Momentive Performance Materials is a US-based manufacturer of silicones and silicone derivatives.

Silicone is a type of polymer derived from siloxane and is utilized in the production of lubricants and synthetic rubber. It is known for its distinctive characteristics, including thermal stability, hydrophobic properties, and physiological inertness. Silicone, with the exception of resins, finds extensive application in the medical field, where it is employed in the manufacturing of surgical implants and dental impression materials.

The primary product categories of silicone include elastomers, fluids, gels, and other related products. Elastomers are polymers characterized by their viscosity and elasticity, making them viscoelastic in nature. Silicone products have a wide range of applications spanning the construction, transportation, electrical and electronics, textiles, personal care, pharmaceuticals, and various other industrial sectors. They are commonly used in industries such as electronics, machinery, aerospace, and the medical field.

The silicon (except resins) market research report is one of a series of new reports that provides silicon (except resins) market statistics, including silicon (except resins) industry global market size, regional shares, competitors with a silicon (except resins) market share, detailed silicon (except resins) market segments, market trends and opportunities, and any further data you may need to thrive in the silicon (except resins) industry. This silicon (except resins) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Major companies operating in the silicone market include Wacker-Chemie GmbH, CSL Silicones, Specialty Silicone Products Incorporated, Evonik Industries AG, Kaneka Corporation, Dow Corning Corporation, Momentive, Elkem ASA, Gelest Inc., BASF SE, Emerald Performance Materials LLC, Shin-Etsu Chemical Co. Ltd., Siltech Corporation, ICM Products Inc., CHT Group, Primasil Silicones, 3M, Nusil Technology LLC, Allergan PLC, Ashland Inc., Arkema S.A., Silteq Limited, KCC Corporation, Sivance, Zhejiang Xinan Chemical Industrial Group Co. Ltd., Reiss Manufacturing Inc., Saint-Gobain, Silicone Solutions, Dow Silicones Corporation, Momentive Performance Materials Inc.

Asia-Pacific was the largest region in the silicone market in 2024. North America was the second-largest region in the global silicone market. The regions covered in the silicone (except resins) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the silicone (except resins) market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The silicone market consists of the sales of emulsion, oil, caulk, grease, resin, foam, and solid silicones. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.