Silicones can be classified into several types based on their physical and chemical properties, including silicone oils, silicone rubbers, silicone resins, and silicone emulsions. Each form has unique applications and advantages. For example, silicone oil is an essential component in cosmetics, lubricants, and sealants due to its heat resistance, low surface tension, and good lubrication properties. Silicone rubber, with its elasticity, chemical resistance, and electrical insulation, is ideal for making seals, gaskets, and electronic components.
Silicones possess a range of excellent properties, including high-temperature resistance, oxidation resistance, UV resistance, strong chemical stability, superior electrical insulation, and low toxicity. These properties make silicones ideal for many high-performance applications.
The raw materials for silicones mainly include silica (SiO₂), methyl chloride, chlorosilanes, and other minerals and chemicals. These raw materials undergo various chemical reactions to produce silicones. The downstream industries of silicones cover many fields, from electronics and electrical engineering, automotive, and construction to medical devices, personal care products, textiles, and food processing. The most significant sectors are electronics, automotive, and construction. In the electronics industry, silicones are essential for semiconductor encapsulation, cable insulation, and thermal interface materials. In automotive manufacturing, they are used for engine gaskets, seals, rubber components, and coatings. The construction sector relies on silicone sealants for sealing joints in windows, doors, and other structures. Recently, their popularity has also grown in 3D printing applications.
The production process of silicones is complex and requires strict control over reaction conditions to achieve products with specific properties. According to the analysis by the publisher, the leading global producers and exporters of silicones include Dow Corning, Wacker Chemie, Shin-Etsu Chemical, and Momentive Performance Materials.
In Vietnam, silicone applications are mainly concentrated in the electronics and automotive manufacturing industries. According to the publisher, with the rapid development of Vietnam's electronics manufacturing sector, the demand for silicone materials in Vietnam is rapidly increasing. With the growth of Vietnam's automotive parts manufacturing industry, the demand for silicones used in sealing, bonding, and insulation is also continuously rising.
However, due to Vietnam's limited domestic production capacity and the lack of a suitable chemical industry basis, technology, and equipment, the demand for silicones in Vietnam largely relies on imported products.
The publisher data reports that Vietnam's total silicone imports exceeded USD 200 million in 2023, and from January to June 2024, the import value had already surpassed USD 100 million.
From 2021 to 2024, the main sources of silicone imports to Vietnam included South Korea, China, and Hong Kong. The key companies exporting silicone products to Vietnam are SHIN-ETSU ASTECH CO., LTD, SAMSUNG ELECTRONICS CO., LTD, and NISSEI ELECTRIC (HK) CO., LTD according to the publisher.
The primary importers of silicones in Vietnam are related manufacturers in the automotive and semiconductor industries, as well as distributors and wholesalers of chemical raw materials, mainly foreign-invested enterprises. The publisher analyzes that the major silicone importers in Vietnam include TOYOTA BOSHOKU HAI PHONG CO., LTD, SEOUL SEMICONDUCTOR VINA CO., LTD, and TECH-LINK SILICONES (VIETNAM).
The publisher predicts that with Vietnam's economic development, rising per capita income levels, expanding consumer markets, and industrial growth, the market size for silicones in Vietnam and its imports are expected to continue to grow.
Topics covered:
- The Import and Export of Silicones in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Silicones in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Silicones in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Silicones in Vietnam (January-June 2024)
- Total Import Value and Percentage Change of Silicones in Vietnam (January-June 2024)
- Average Import Price of Silicones in Vietnam (2021-2024)
- Top 10 Sources of Silicones Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Silicones in Vietnam and Their Supply Volume
- Top 10 Importers of Silicones in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Silicones in Vietnam
- How Foreign Enterprises Enter the Silicones Market of Vietnam
- Forecast for the Import of Silicones in Vietnam (2024-2033)
Table of Contents
Companies Mentioned
- Shin-Etsu Astech Co. Ltd.
- Samsung Electronics Co. Ltd.
- Nissei Electric (Hk) Co. Ltd.
- Toyota Boshoku Hai Phong Co. Ltd.
- Seoul Semiconductor Vina Co. Ltd.
- Tech-Link Silicones (Vietnam)
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
LOADING...
