Silicone

Silicone Market Predicted to Garner a Revenue of US$ 16.5 Billion By 2030 Silicone Market Size, Share and Growth Analysis - Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 – 2030

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As per the experts, the silicone market is predicted to record a growth rate of 7.2% from 2021-2030 and is projected to reach US$ 28.4 billion by 2030.

The study provides the overall revenue of the global silicone market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global silicone market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the silicone industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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.

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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 42% in 2020.

Scope of the Silicone Market Report

Report Highlights Details
Market Size USD 28.4 Billion by 2030
Growth Rate CAGR of 7.2% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, APAC, Europe, Latin America, MEAN, Rest of the World
Companies Mentioned Shin-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.

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.

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

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global silicone market are Shin-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.

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the silicone market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global silicone market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for silicone are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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 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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