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Silicone Market Size, Industry Outlook, Classification, Demand, Regional Analysis and Forecast to 2030

The silicone market was exceeded US$ 16.5 billion in 2020 and is projected to reach US$ 28.4 billion by 2030, expanding at an annual CAGR of 7.2 percent, according to a 2021 study by Precedence Research, the Canada-based market Insight Company. The report contains 150+ pages with detailed analysis.

The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The dairy products market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

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.

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Market Report Scope

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

Competition Landscape

In the final section of the research report, Precedence Research provided the global silicone market structure and a detailed competition landscape to provide a dashboard view of key players operating in the silicone market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the silicone market include:

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.

Crucial factors accountable for market growth are:

Report Highlights

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

Market Segmentation

By Product

By Application

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

Questionnaire based research etc.

Most Asked Questions –

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.

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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

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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