The global silicones and siloxanes market size reached US$ 23.3 Billion in 2023. Looking forward, the market is projected to reach US$ 37.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.27% during 2023-2032.
Siloxanes refer to volatile organosilicon compounds that are composed of recurring silicon-oxygen (Si-O) bonds, occurring in either cyclic or linear form. They are highly stable and physiologically inert, and have lubricating properties. Silicones are formulated from siloxanes and can take a variety of physical forms ranging from solids and semi-viscous pastes to liquids and oils. Due to their advantageous characteristics such as flexibility, resistance to moisture, stability, inertness, permeability to gases, etc., silicones find a wide array of industrial applications.
Siloxanes (silicones) are well tolerated by humans and, therefore, form an integral part of innovative methods of treatment, health care and nursing. Alkylsiloxanes, especially the dimethylsiloxanes, find extensive usage in emulsions, antifoams and pastes on account of their low surface tension, high surface activity, good spreading power, chemical inertness and thermal stability. Liquid silicone is often used as a lubricant like waterproof sealant which is used in bathrooms and window fittings, whereas solid silicone rubber has a wide array of applications ranging from cake baking to internal sanitary protection.
As silicones provide a strong, durable, and weather- and UV-resistant seal with excellent adhesion, they are employed in the production of various construction materials. Apart from this, silicones are used for manufacturing polyurethane foam for building insulation, increasing building energy efficiency whilst hydrophobic properties of silicone coatings protect the external walls from weather damage.
Silicone polymers and cyclic siloxanes find applications in the personal care sector as a solvent in deodorants, hair, skin and sun care products, and make-up. This can be attributed to the benefits offered by them such as low skin irritation, low surface tension, anti-foaming properties and volatility. An increase in personal grooming has escalated the demand for cosmetics in the recent years. This is expected to facilitate the growth of the silicones and siloxanes market.
Earlier, the consumption of silicone products was largely confined to the developed countries. However, economic development, inflating income levels and improving standards of living have stimulated the demand for silicone-based products in the emerging countries.
2. What is the expected growth rate of the global silicones and siloxanes market during 2024-2032?
3. What are the key factors driving the global silicones and siloxanes market?
4. What has been the impact of COVID-19 on the global silicones and siloxanes market?
5. What is the breakup of the global silicones market based on the type?
6. What is the breakup of the global silicones market based on the application?
7. What is the breakup of the global siloxanes market based on the type?
8. What is the breakup of the global siloxanes market based on the application?
9. What are the key regions in the global silicones and siloxanes market?
10. Who are the key players/companies in the global silicones and siloxanes market?
Siloxanes refer to volatile organosilicon compounds that are composed of recurring silicon-oxygen (Si-O) bonds, occurring in either cyclic or linear form. They are highly stable and physiologically inert, and have lubricating properties. Silicones are formulated from siloxanes and can take a variety of physical forms ranging from solids and semi-viscous pastes to liquids and oils. Due to their advantageous characteristics such as flexibility, resistance to moisture, stability, inertness, permeability to gases, etc., silicones find a wide array of industrial applications.
Global Silicones and Siloxanes Market Drivers:
The chemical structure of silicones allows them to be produced in a number of variations, while the organic groups bound to the silicones pave the way for a diverse range of modifications. This variability allows the usage of silicones in a variety of products such as greases, release agents, antifoam agents, paint additives, hydrophobizing agents, etc.Siloxanes (silicones) are well tolerated by humans and, therefore, form an integral part of innovative methods of treatment, health care and nursing. Alkylsiloxanes, especially the dimethylsiloxanes, find extensive usage in emulsions, antifoams and pastes on account of their low surface tension, high surface activity, good spreading power, chemical inertness and thermal stability. Liquid silicone is often used as a lubricant like waterproof sealant which is used in bathrooms and window fittings, whereas solid silicone rubber has a wide array of applications ranging from cake baking to internal sanitary protection.
As silicones provide a strong, durable, and weather- and UV-resistant seal with excellent adhesion, they are employed in the production of various construction materials. Apart from this, silicones are used for manufacturing polyurethane foam for building insulation, increasing building energy efficiency whilst hydrophobic properties of silicone coatings protect the external walls from weather damage.
Silicone polymers and cyclic siloxanes find applications in the personal care sector as a solvent in deodorants, hair, skin and sun care products, and make-up. This can be attributed to the benefits offered by them such as low skin irritation, low surface tension, anti-foaming properties and volatility. An increase in personal grooming has escalated the demand for cosmetics in the recent years. This is expected to facilitate the growth of the silicones and siloxanes market.
Earlier, the consumption of silicone products was largely confined to the developed countries. However, economic development, inflating income levels and improving standards of living have stimulated the demand for silicone-based products in the emerging countries.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global silicones and siloxanes market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on type and application.Silicones Market
Breakup by Type:
- Elastomers
- Fluids
- Resins
- Gels
Breakup by Application:
- Industrial Applications
- Construction Materials
- Home and Personal Care
- Transportation
- Energy
- Healthcare
- Electronics
- Others
Siloxanes Market
Breakup by Type:
- Linear
- Cyclic
Breakup by Application:
- Silicones
- Other Applications
Regional Insights:
- Asia-Pacific
- Europe
- North America
- Central and South America
- Middle East and Africa
Competitive Landscape
The market is concentrated in nature with the presence of a handful of players who account for the majority of the total production.Some of the leading players operating in the market are:
- Dow Chemical Company
- Momentive Performance Materials Inc.
- Wacker Chemie AG
- Shin-Etsu Chemical Co., Ltd.
- Elkem ASA
Key Questions Answered in This Report
1. What was the size of the global silicones and siloxanes market in 2023?2. What is the expected growth rate of the global silicones and siloxanes market during 2024-2032?
3. What are the key factors driving the global silicones and siloxanes market?
4. What has been the impact of COVID-19 on the global silicones and siloxanes market?
5. What is the breakup of the global silicones market based on the type?
6. What is the breakup of the global silicones market based on the application?
7. What is the breakup of the global siloxanes market based on the type?
8. What is the breakup of the global siloxanes market based on the application?
9. What are the key regions in the global silicones and siloxanes market?
10. Who are the key players/companies in the global silicones and siloxanes market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Silicones Market
6 Global Siloxanes Market
7 Silicones: Market Breakup by Type
8 Silicones: Market Breakup by Application
9 Silicones: Market Breakup by Region
10 Siloxanes: Market Breakup by Type
11 Siloxanes: Market Breakup by Application
12 Siloxanes: Market Breakup by Region
13 Silicones and Siloxanes: Trade Data
14 Competitive Landscape
15 Silicones and Siloxanes Manufacturing Process
16 Silicones and Siloxanes: Feedstock Analysis
17 Profiles of Key Players
List of Figures
List of Tables
Companies Mentioned
- Dow Chemical Company
- Momentive Performance Materials Inc.
- Wacker Chemie AG
- Shin-Etsu Chemical Co. Ltd.
- Elkem ASA
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 23.3 Billion |
| Forecasted Market Value ( USD | $ 37 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
