Silicone Market Report

Market Insights

Silicone market is likely to witness a healthy CAGR of 7.1% during the forecast period. Silicone is highly demanded due to its extensive usage in various industries, such as industrial process, building & construction, personal care & consumer products and many more, which is the key driver of the market.

Segments' Analysis

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Silicone Market Share: By Product Type

Based on the product type, the market is segmented as elastomers, fluids, resins, and gels & other products. The elastomers segment is expected to remain dominant during the forecast period, as they are extensively used in different products, such as cooking, food storage products, baking, electronics, electrical insulation, medical devices, and garments.

Silicone Market Share: By End-Use Industry Type

Based on the end-use industry type, the silicone market is segmented as industrial process, building & construction, personal care & consumer products, transportation, electronics, medical & healthcare, energy, and others. The industrial process segment dominates the market owing to surge in demand for silicone material in various applications, such as industrial coating, lubrication, paper production, anti-foaming agents in drilling, and paint additives. Silicone is also used in industrial sealing solutions.

Silicone Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest market for silicone during the forecast period. The region’s market is mainly supported by increase in demand for silicone in various end-use industries, such as industrial process, building & construction, electronics, etc. In addition, some of the manufacturers of silicone are expanding their facilities in this region, which is further propelling the growth of the market. China and India are the major growth engines of the Asia-Pacific region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

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Market Scope & Segmentation

Silicone is a synthetic compound made up of repeating units of siloxane, whose molecules are made up of chains that made of alternating silicone and oxygen atoms, combined with hydrogen, carbon, and other elements. Silicone is also known as polysiloxanes, which are used in adhesives, lubricants, sealants, medicine, electrical insulation, cooking utensils, and thermal insulation.

Silicone is found in different forms, such as silicone rubber, silicone grease, silicone resin, silicone caulk and silicone oil.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The silicone market is segmented into the following categories. 

Silicone Market Size, Share, & Forecast, by Product Type:

• Elastomers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fluids (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Resins (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Gels & Other Products (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Silicone Market Size, Share, & Forecast, by End-Use Industry Type:

• Industrial Process (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Personal Care & Consumer Products (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medical & Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Silicone Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major silicone manufacturers are-

• CHT Group
• C S L Silicones Inc.
• Kaneka Corporation
• Primasil Silicones Limited
• Reiss Manufacturing Inc.
• Silicone Engineering Ltd.
• Silicone Solutions
• Siltech Corporation
• SiVance, LLC
• Zhejiang Xinan Chemical Industrial Group Co., Ltd.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].