Global Specialty Silicones Market - Segmented by Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4514831
  • Report
  • Region: Global
  • 149 pages
  • Mordor Intelligence
until Mar 31st 2019
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  • AB Specialty Silicones
  • Dow Corning Corporation
  • Evonik Industries AG
  • Milliken Chemical
  • Quantum Silicones LLC
  • Supreme Silicones
  • MORE
The global specialty silicones market is expected to register a CAGR of around 7% during the forecast period, 2018 to 2023. Asia-Pacific accounted for the largest market in 2017. Asia-Pacific is also expected to register the fastest growth during the forecast period.

Rising Demand from the Construction Sector

The construction sector is one of the major end users in the specialty silicone market. Silicone, owing to their waterproofing abilities, weather & temperature resistant properties, UV stability, and protective glazing applications are used extensively in the construction sector. The global construction industry grew at a decent pace during 2017. However, it is anticipated that it will increase by ~4% in 2018, with the rising construction activities in the Middle East & Africa, and Asia-Pacific (especially in China, as the government is planning to support the economy through infrastructure programs and public investments). Additionally, the construction industry in North America, especially in the United States, is expected to witness a steady growth in the construction sector, owing to rapid expansion in the residential sector and repaired construction sector. With the construction industry projected to grow in the near future, the demand for specialty silicones is expected to increase through the forecast period.

Silicone Elastomers - The Dominant Product Type

Silicone elastomers are used in a vast variety of applications, ranging from silicone-based sealants for use in the construction industry to the formulation of color cosmetics & skin care products in the personal care sectors. However, the growing need for separate individual silicone formulations for a wide range of applications has forced the silicone manufacturers to develop and produce end-user sector-specific specialty silicone elastomers. Owing to the various benefits of similar tailor-made elastomers, including desired properties and cost-effective production, they are increasingly finding usage in a variety of applications, especially in the healthcare, electronics, automotive, and energy (solar) sectors.

Asia-Pacific the Largest Market

Asia-Pacific is the most dynamics region as it is home to two of the rapid developing economies, China and India. The industrial production and manufacturing sector has seen augmented growth, which has driven the market for specialty silicones. China’s investment policy has helped in witnessing the establishment of new manufacturing units by major MNCs. For example, Evonik has started a new plant in Shanghai for the production of Specialty Silicones in 2017. Specialty silicones are used in various applications such as health care & pharmaceuticals, automotive, electronics, textiles, oil & mining industries, construction, agriculture and others. With huge demand and potential from various end-user industries, the consumption of specialty silicones is expected to increase during the forecast period, driven by the growth in developing economies in the region.

Key Developments in the Market

September 2017: Evonik Industries AG has announced the completion of its Shanghai plant to produce specialty silicones

Major Players: Dow Corning Corporation, Wacker Chemie AG, Momentive, Shin-Etsu Chemical Co., Ltd., Elkem Silicones, and Evonik Industries AG, amongst others.

Reasons to Purchase this Report

Growing demand from construction sector will drive the market

Analyzing various perspectives of the market with the help of Porter’s five forces analysis

Product type and end-user industry that are expected to dominate the market

Region that is expected to witness fastest growth during the forecast period

Identifying the latest developments, market shares and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

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Note: Product cover images may vary from those shown
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  • AB Specialty Silicones
  • Dow Corning Corporation
  • Evonik Industries AG
  • Milliken Chemical
  • Quantum Silicones LLC
  • Supreme Silicones
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Market Dynamics
4.1 Drivers
4.1.1 Rising Demand for High-Performance Skin Lightening Products
4.1.2 Growing Demand from the Construction Sector
4.2 Restraints
4.2.1 Harmful for the Human Skin
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Increasing Usage in Aerospace & Defense Applications
4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 Antifoam/ Defoaming agents
5.1.2 Silicone Elastomers
5.1.3 Silicone Greases
5.1.4 Silicone Surfactants
5.1.5 Silicone Polish/Shinning Agent
5.1.6 Silicone Textile Softeners
5.1.7 Silicone Water Repellants
5.1.8 Thin Silicone Membranes
5.1.9 Custom Silicone Compounds
5.2 By End-user Industry
5.2.1 Textile
5.2.2 Healthcare
5.2.3 Electronics
5.2.4 Construction
5.2.5 Beauty & Personal Care
5.2.6 Chemical Manufacturing (Resins and Coatings)
5.2.7 Automotive
5.2.8 Agriculture
5.2.9 Food Processing Industries
5.2.10 Energy
5.2.11 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
8.1 AB Specialty Silicones
8.2 ACC Silicones Ltd
8.3 Bellofram Group of Companies
8.4 Chemsil Silicones, Inc.
8.5 Dow Corning Corporation
8.6 Elkay Chemicals Pvt. Ltd.
8.7 Elkem Silicones
8.8 Evonik Industries AG
8.9 Innospec
8.10 K. K. Chempro India Private Limited
8.11 MESGO S.p.A.
8.12 Milliken Chemical
8.13 Momentive
8.14 NUSIL
8.15 Quantum Silicones, LLC
8.17 Shin-Etsu Chemical Co., Ltd.
8.18 Siltech Corporation
8.19 Specialty Silicone Products, Inc.
8.20 Supreme Silicones
8.21 The Lubrizol Corporation
8.22 Trelleborg Sealing
8.23 Wacker Chemie AG
8.24 Wynca Group
*(List Not Exhaustive)

9. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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  • AB Specialty Silicones
  • ACC Silicones Ltd
  • Bellofram Group of Companies
  • Chemsil Silicones Inc.
  • Dow Corning Corporation
  • Elkay Chemicals Pvt. Ltd.
  • Elkem Silicones
  • Evonik Industries AG
  • Innospec
  • K. K. Chempro India Private Limited
  • MESGO S.p.A.
  • Milliken Chemical
  • Momentive
  • Quantum Silicones LLC
  • Shin-Etsu Chemical Co. Ltd.
  • Siltech Corporation
  • Specialty Silicone Products Inc.
  • Supreme Silicones
  • The Lubrizol Corporation
  • Trelleborg Sealing
  • Wacker Chemie AG
  • Wynca Group
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown