Silicone Resins Market - Forecasts from 2025 to 2030

The silicone resins market is valued at US$1.31 billion in 2025 and is projected to grow at a CAGR of 6.14% over the forecast period.

Silicone resins are a group of organosilicon compounds. These materials are derived from silicic acid and are composed of silicon, oxygen, carbon, and hydrogen. They have properties of hardness, flexibility, water, chemical and weather resistance, and dielectric properties. These properties made it suitable to be applied in several industries. With the growth of automotive production worldwide the need for the materials needed for the production will increase including the silicone resins. The building and construction needed silicone resins for the manufacturing of their products as well as for the paint and coating industry.

• According to the World Integrated Trade Solution (WITS) in 2023, the top importers of Silicones in primary forms were the European Union, China, the United States, Germany, and the Netherlands. The Top exporters were the United States, China, Japan, the European Union, and the United Kingdom.

Silicone resins market drivers

Growing construction sector industry

The construction and building industry all across the world is showing significant growth. One of the major reasons for the expansion of this industry is due to the growing urbanization around the world. Urbanization causes the rapid industrialization of the country and region.

According to Eurostat, annual average production in construction for the year 2023, compared with 2022, increased slightly in both the euro area and the EU. However, in the European Union, building construction increased by 1.1% compared from 2022 to 2023 and civil engineering increased by 4.1%. Countries with significant increases are Romania, Poland, and Belgium, which are the top countries showing significant growth in the region.

The silicone resins market is segmented into five regions worldwide:

By geography, the silicone resins market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region such as ASEAN countries.

The Asia-Pacific region is expected to see notable growth in the silicone resins market due to increasing applications in consumer electronics and the aerospace industry here. According to the International Trade Administration, China continues is the the world's largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025.

North America is expected to have a significant market share in the silicone resins market due to the major utilization of graphene for electrical, electronics, healthcare, and industrial applications. In 2022, manufacturing contributed $2.3 trillion to U.S. GDP amounting to 11.4 % of total U.S. GDP. In 2023, the USA manufactured 8,866,384 commercial vehicles which is a 6% increase from the previous year, according to the International Organization of Motor Vehicle Manufacturers.

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Report Coverage:

• Historical data & forecasts from 2022 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Silicone Resins Market is segmented and analyzed as below:

By Type

• Methyl Silicone Resins
• Methyl phenyl Silicone Resins
• Others

By Application

• Paints & Coatings
• Adhesives & Sealants
• Elastomers
• Others

By End-user

• Automotive & Transportation
• Building & Construction
• Electrical & Electronics
• Healthcare
• Industrial
• Others

By Geography

• North America
• South America
• Europe
• Middle East and Africa
• Asia-Pacific