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Silicone Market Size is Predicted to Hit US$ 32.97 Billion by 2030

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Silicone Market Size 2022-2030, Market Share Analysis, Growth, Trends, Covid 19 Outbreak Impact Research Report Added by Precedence Research.

The global silicone market size is projected to hit USD 32.97 billion by 2030. Furthermore, the CAGR from 2022 to 2030 is positioned to be at a CAGR of 7.2%.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2022 to 2030.

Download FREE Sample of This Strategic Report with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1285

Silicone is high performance polymer materials made up of siloxane. It possesses many beneficial properties such as low chemical reactivity, low toxicity, low thermal conductivity, and thermal stability, water repelling forming watertight seals, microbiological growth resistance, resistance to oxygen, adheres very well with glass, ozone, and ultraviolet light, electrical insulation properties, and high gas permeability. The silicone owing to such beneficial features finds its utility in diverse applications such as construction, automotive, personal care, aerospace, health care, coatings, electronics and many others.

Crucial factors accountable for market growth are:

  • Extensive use of silicone polymer for manufacturing lightweight materials for the automobile and aerospace industry.
  • The surge in demand for Silicone polymers used as sealants and adhesives in the construction sector provides longevity to the construction work.
  • Silicone polymers possess various beneficial properties that find its utility in diverse sectors such as automotive, personal care, healthcare and many others.
  • Nontoxic nature of silicone rubber that facilitates its utility in the food industry.

Market Dynamics

Driver

The silicone polymers are versatile in nature and hence find their utility in wide range of industries. They possess unique properties such as low chemical reactivity, low toxicity, low thermal conductivity, thermal stability, water repelling forming watertight seals, microbiological growth resistance, resistance to oxygen, adheres very well with glass, ozone, transparency, radiation resistance, hydrophobicity and many others that facilitates their use in diverse applications. In the automobile sector, the HTV silicone elastomers are used in the manufacture of electric vehicles. Also, in the construction industry the silicone because of its adhesive and sealant property is abundantly used. All these factors are expected to drive the growth of the silicone market.

Restraint

The major restraining factor that will hinder the growth of the silicone market is the presence of strict Government regulation in the use silicone in certain end use industries such as personal care, consumer products, medical and healthcare.

Opportunity

The use of silicone polymer in the health care industry will find huge opportunities during the forecast period owing to its non-toxic and biocompatible properties. Also, the rapid innovation of new products using the silicon polymers will have huge opportunities inmany end use applications.

Challenges

The continuous fluctuation in the prices of raw material such as methyl chloride and silicon metal used in the manufacture of silicone polymers will be a major challenge faced by the silicone producers in the market.

Recent Developments

  • On 18th August 2021 Wacker Chemie AG and Finsterwalder Corporate Group announced that they are planning to build a 35,000 m2 logistics center in Saxony, eastern Germany that will used for storing and shipping silicone products.
  • On 22nd September 2021 Evonik a specialty chemicals company and the Swiss plastics specialist Samaplast have announced that they are developing an osteoconductive PEEK biomaterial for injection molding using high performance silicone polymers.
  • On 25th August 2021 Elkem Silicones organized a conference in Schaumburg to brings together Industry leaders and silicone experts to discuss developments in liquid silicone rubber technology throughout different markets including healthcare, automotive, industrial, electronics, and consumer goods.

Report Highlights

  • Based on end-use, the industrial sector hit 25.5% revenue share in 2020 and witnessing highest CAGR during the forecast period.
  • The use of silicone elastomers in the manufacturing of the automobiles is expected to boost the growth of the silicone market.
  • By Geography, Asia Pacific region is estimated to contribute the largest revenue share 45% in 2020 because of the presence of significant number of silicone market players, availability of raw materials and cheap labor.
  • The adhesive and sealant property offered by the silicone facilitates its utility in the construction sector.
  • Europe is expected to hit 3.5% CAGR in the upcoming years.
  • Based on product, the elastomers segment is accounting for the largest revenue share of

Competitive Intelligence

The silicone market report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation, and so on.

Some of the key players in the global silicone market include areShin-Etsu Chemical Co. Ltd., Wacker Chemie AG, Evonik Industries AG, Elkay Chemicals Pvt. Ltd., Supreme Silicones, Dow Inc., KCC Corporation, Elkem ASA, Silchem Inc., Specialty Silicone Products Inc. and others.

Segments Covered in the Report

By Product

  • Fluids
    • Straight Silicone Fluids
    • Modified Silicone Fluids
  • Gels
  • Resins
  • Elastomers
    • High-Temperature Vulcanized (HTV)
    • Liquid Silicone Rubber (LSR)
    • Room Temperature Vulcanized (RTV)
  • Others
    • Adhesives
    • Emulsions

By Application

  • Electronics
  • Transportation
  • Construction
  • Healthcare
  • Personal Care and Consumer goods
  • Energy
  • Industrial Sector
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Russia
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Silicone Market, By Product

7.1. Silicone Market, by Product Type, 2021-2030

7.1.1. Fluids

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Gels

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Resins

7.1.3.1. Market Revenue and Forecast (2017-2030)

7.1.4. Elastomers

7.1.4.1. Market Revenue and Forecast (2017-2030)

7.1.5. Others

7.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Silicone Market, By Application

8.1. Silicone Market, by Application, 2021-2030

8.1.1. Electronics

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Transportation

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Construction

8.1.3.1. Market Revenue and Forecast (2017-2030)

8.1.4. Healthcare

8.1.4.1. Market Revenue and Forecast (2017-2030)

8.1.5. Personal Care and Consumer goods

8.1.5.1. Market Revenue and Forecast (2017-2030)

8.1.6. Energy

8.1.6.1. Market Revenue and Forecast (2017-2030)

8.1.7. Industrial Sector

8.1.7.1. Market Revenue and Forecast (2017-2030)

8.1.8. Others

8.1.8.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Silicone Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.2. Market Revenue and Forecast, by Application (2017-2030)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.2. Market Revenue and Forecast, by Application (2017-2030)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)

Chapter 10. Company Profiles

10.1. Shin-Etsu Chemical Co. Ltd.

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Wacker Chemie AG

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Evonik Industries AG

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Elkay Chemicals Pvt. Ltd.

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Supreme Silicones

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Dow Inc.

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. KCC Corporation

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Elkem ASA

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. Silchem Inc.

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. Specialty Silicone Products Inc

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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