The global silicone in heavy machinery market size reached US$ 1.4 Billion in 2023. Looking forward, the market is projected to reach US$ 2.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.67% during 2023-2032. The increasing demand for liquid silicone rubber, widespread product adoption in the automotive industry, and various product innovations represent some of the key factors driving the market.
Silicone in heavy machinery refers to high-performance synthetic material used in heavy electrical machinery in the form of reactive silanes, silicone fluids, and polymers. It is widely used in the form of resin, elastomers (adhesives, sealants), gels, and fluids. Elastomers and liquid silicone rubber are some of the common types of silicone in heavy machinery.
An elastomer refers to long-chain polymers of carbon, hydrogen, oxygen, and silicon that offers viscosity and elasticity properties, and the molecules are held together by weak intermolecular forces. It is commonly used in transformers and switchgear. Silicone in heavy machinery exhibits low thermal conductivity, chemical reactivity, and electrically insulative and conductive properties.
This is primarily because the manufacturing process uses unique bio-based methanol obtained from certified sustainable sources. In line with this, manufacturers are focusing on developing new products in various industries that aid in thermal stability, durability, flexibility, and electrical conductivity and offer properties, such as flame retardant, steam resistant, UV and radiation resistance, and metal adhesion, which in turn is positively influencing the market growth. Furthermore, the increasing product utilization in the aerospace industry to absorb vibrations and provide lubrication of moving parts is propelling the market growth.
Additionally, the widespread product utilization in wind turbine blades and tower sections, due to its long-lasting, adhesive, and sealing qualities for lubrication, thermal interference, and sealing, is creating a positive outlook for the market. Other factors, including the rising expenditure capacities of consumers, the increasing demand for liquid silicone rubber, widespread utilization of elastomer, and extensive research and development (R&D) activities, are anticipated to drive the market growth further.
According to the report, Asia Pacific was the largest market for silicone in heavy machinery. Some of the factors driving the Asia Pacific silicone in heavy machinery market included the increasing demand for liquid silicone rubber, the widespread utilization of silicone in heavy machinery in the automotive industry, and extensive research and development (R&D) activities.
Silicone in heavy machinery refers to high-performance synthetic material used in heavy electrical machinery in the form of reactive silanes, silicone fluids, and polymers. It is widely used in the form of resin, elastomers (adhesives, sealants), gels, and fluids. Elastomers and liquid silicone rubber are some of the common types of silicone in heavy machinery.
An elastomer refers to long-chain polymers of carbon, hydrogen, oxygen, and silicon that offers viscosity and elasticity properties, and the molecules are held together by weak intermolecular forces. It is commonly used in transformers and switchgear. Silicone in heavy machinery exhibits low thermal conductivity, chemical reactivity, and electrically insulative and conductive properties.
Silicone in Heavy Machinery Market Trends
The widespread product adoption in the automotive industry for reducing automobile weight and improving fuel efficiency is one of the key factors driving the market growth. In addition to this, the increasing demand for silicone elastomer in cables and insulators used in heavy machinery, such as switch gears and transformers, is favoring the market growth. Silicone in heavy machinery provides protection against airborne particles, including salt spray and ocean fog owing to its high-water resistance property, which is acting as another growth-inducing factor. Apart from this, the introduction of silicone sealant manufactured using renewable raw materials is proving an impetus to the market growth.This is primarily because the manufacturing process uses unique bio-based methanol obtained from certified sustainable sources. In line with this, manufacturers are focusing on developing new products in various industries that aid in thermal stability, durability, flexibility, and electrical conductivity and offer properties, such as flame retardant, steam resistant, UV and radiation resistance, and metal adhesion, which in turn is positively influencing the market growth. Furthermore, the increasing product utilization in the aerospace industry to absorb vibrations and provide lubrication of moving parts is propelling the market growth.
Additionally, the widespread product utilization in wind turbine blades and tower sections, due to its long-lasting, adhesive, and sealing qualities for lubrication, thermal interference, and sealing, is creating a positive outlook for the market. Other factors, including the rising expenditure capacities of consumers, the increasing demand for liquid silicone rubber, widespread utilization of elastomer, and extensive research and development (R&D) activities, are anticipated to drive the market growth further.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global silicone in heavy machinery market, along with forecasts at the global, regional, and country level from 2024-2032. The report has categorized the market based on product type and application.Product Type Insights:
- Elastomer
- Fluid Silicone
- Others
Application Insights:
- Transformer
- Switchgears
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
According to the report, Asia Pacific was the largest market for silicone in heavy machinery. Some of the factors driving the Asia Pacific silicone in heavy machinery market included the increasing demand for liquid silicone rubber, the widespread utilization of silicone in heavy machinery in the automotive industry, and extensive research and development (R&D) activities.
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global silicone in heavy machinery market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Avantor Inc., Clearco Products Co. Inc., Dow Inc., Elkem Silicones (China National Bluestar (group) Co, Ltd), Gelest Inc. (Mitsubishi Chemical Holdings Corporation), KCC Silicone Corporation, Shin-Etsu Chemical Co. Ltd., Wacker Chemie AG, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
- How has the global silicone in heavy machinery market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global silicone in heavy machinery market?
- What are the key regional markets?
- Which countries represent the most attractive silicone in heavy machinery markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What is the competitive structure of the global silicone in heavy machinery market?
- Who are the key players/companies in the global silicone in heavy machinery market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Silicone In Heavy Machinery Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Avantor Inc.
- Clearco Products Co. Inc.
- Dow Inc.
- Elkem Silicones (China National Bluestar (group) Co Ltd)
- Gelest Inc. (Mitsubishi Chemical Holdings Corporation)
- KCC Silicone Corporation
- Shin-Etsu Chemical Co. Ltd.
- Wacker Chemie AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.4 Billion |
| Forecasted Market Value ( USD | $ 2.3 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
