The global silicone market was valued at $18.2 billion in 2018, and is projected to reach $91.4 billion by 2026, growing at a CAGR of 22.5% from 2019 to 2026.
Silicone are polymers that are made up of siloxane. Siloxane is a chain of alternating silicon and oxygen atoms combined with carbon or hydrogen. It is a versatile material, owing to its exceptional chemical & mechanical properties, due to which it provides a more diverse range of applications than any other material.
The electronics companies in Asia are developing efficient luminaries, owing to which there is a a surge in the adoption of high-performance silicone. However, rise in prices of raw materials such as silicon & methanol and the need for high energy during the manufacturing of silicone are some of the factors hindering the market growth. Furthermore, a surge in adoption of electric cars in developing economies owing to an increase in pollution and volatile prices of fuels is creating growth opportunities for silicone manufacturers.
The global silicone market is segmented based on type, end-user, and region. Depending on type, the market is classified into thin elastomers, fluids, resins, gels, and others. On the basis of end-user, the market is classified into building & construction, transportation, personal care & consumer goods, energy, electrical & electronics, paper, textile, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By EndoUser
By Region
North America
Europe
Asia-Pacific
LAMEA
KEY MARKET PLAYERS
The other players in the value chain include of the market includes CSL Silicone Inc., Reiss Manufacturing, Inc., CHT Group, Silchem, Inc., Silteq Limited, Allergan, Ashland Incorporated, SaintoGobain, Roger Corporation, Primasil Silicone, Sivance, and others.
Silicone are polymers that are made up of siloxane. Siloxane is a chain of alternating silicon and oxygen atoms combined with carbon or hydrogen. It is a versatile material, owing to its exceptional chemical & mechanical properties, due to which it provides a more diverse range of applications than any other material.
The electronics companies in Asia are developing efficient luminaries, owing to which there is a a surge in the adoption of high-performance silicone. However, rise in prices of raw materials such as silicon & methanol and the need for high energy during the manufacturing of silicone are some of the factors hindering the market growth. Furthermore, a surge in adoption of electric cars in developing economies owing to an increase in pollution and volatile prices of fuels is creating growth opportunities for silicone manufacturers.
The global silicone market is segmented based on type, end-user, and region. Depending on type, the market is classified into thin elastomers, fluids, resins, gels, and others. On the basis of end-user, the market is classified into building & construction, transportation, personal care & consumer goods, energy, electrical & electronics, paper, textile, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global silicone market from 2019 to 2026 to determine the prevailing opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- The market size is provided in terms of volume and revenue.
- Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the silicone industry for strategy building.
- Profiles of leading players operating in the market are provided to understand the competitive scenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
KEY MARKET SEGMENTS
By Type
- Elastomers
- Fluids
- Resins
- Gels
- Others
By EndoUser
- Building & Construction
- Transportation
- Personal Care & Consumer Goods
- Energy
- Electrical & Electronics
- Paper
- Textile
- Others
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Indonesia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
- Dow Inc.
- ShinoEtsu Chemical Co. Ltd.
- Wacker Chemie AG
- Kaneka Corporation
- Evonik Industries AG
- Elkem ASA
- Momentive Performance Materials Inc.
- Arkema Group
- Emerald Performance Materials, LLC
- BASF SE
The other players in the value chain include of the market includes CSL Silicone Inc., Reiss Manufacturing, Inc., CHT Group, Silchem, Inc., Silteq Limited, Allergan, Ashland Incorporated, SaintoGobain, Roger Corporation, Primasil Silicone, Sivance, and others.
Frequently Asked Questions about the Global Silicone Market
What is the estimated value of the Global Silicone Market?
What is the growth rate of the Global Silicone Market?
What is the forecasted size of the Global Silicone Market?
Who are the key companies in the Global Silicone Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 347 |
| Published | October 2019 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 18.2 billion |
| Forecasted Market Value ( USD | $ 91.4 billion |
| Compound Annual Growth Rate | 22.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Silicone Market, By Type
Chapter 5: Global Silicone Market, By End User
Chapter 6: Silicone Market, By Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles:
Executive Summary
According to the report titled, 'Silicone Market by Type and End-User: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the market accounted for revenue of $18.2 billion in 2018 and is anticipated to generate $91.4 billion by 2026. The market is projected to experience growth at a CAGR of 22.5% from 2019 to 2026.Silicone are oligomers or polymers that can take various physical forms, i.e., from solids to thin liquids and semi-viscous pastes, oils, and others.
Silicone are widely adopted across various industries such as transportation, construction & materials, electronics, energy, healthcare, consumer products, and others. Increase in infrastructure development projects and growth in construction & housing space wherein water repellent coatings, glass coating, epoxy and sealant coatings are widely used, is supplementing the use of silicone. Growth opportunities for silicone are anticipated to their use in electronics manufacturing, which is driven by their excellent stability against electric shock. Considering this, silicone are expected to explore novel applications in portable consumer electronics products.
The global silicone market is analyzed based on type, end-user, and region. Depending on type, the market is categorized into thin elastomers, fluids, resins, gels, and others. Based on end-user, it is classified into building & construction, transportation, personal care & consumer goods, energy, electrical & electronics, paper, textile, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Based on type, the elastomer segment dominated the global silicone market, both in terms of volume and revenue in 2018, owing to its ability to retain its mechanical properties over a wide range of temperature. Hence, it is mostly applicable in construction, where they are used as a structural glazing sealant.
Based on end-user, the building & construction segment is anticipated to gain a dominant share in the global silicone market. Silicone based products are dominantly used in building & construction applications as they provide numerous advantages such as durability, water resilience, energy efficiency, and others.
Based on region, Asia-Pacific is anticipated to experience rapid growth in the silicone market. This is attributed to numerous factors such as the flourishing construction industry, consistently rising electronics export, developing economic status and strengthening industrialization linked with the established automotive industry, which is driving the growth of the Asia-Pacific market. Furthermore, rising renewable energy market in the Asia-Pacific is also surging the demand for silicone. As silicone are used in solar energy infrastructure, hydropower plant, and others.
The silicone market analysis covers in-depth information of the major industry participants. The key player operating and profiled in the market includes Dow Inc. Shin-Etsu Chemical Co. Ltd., Wacker Chemie AG, Kaneka Corporation, Evonik Industries AG, Elkem ASA, Momentive Performance Materials Inc., Arkema Group, Emerald Performance Materials, LLC, and BASF SE.
Other players in the value chain of the silicone market include CSL Silicone Inc., Reiss Manufacturing, Inc., CHT Group, Silchem, Inc., Silteq Limited, Allergan, Ashland Incorporated, Saint-Gobain, Roger Corporation, Primasil Silicone, Sivance, and others.
Key Findings of the Silicone Market:
The market is analyzed from 2018 to 2026
The Asia-Pacific is projected to grow at the highest CAGR of nearly 22.9%, in terms of revenue during the forecast period
Based on the end-user, the building & construction segment is anticipated to garner highest market share of 32.3% in terms of volume during the forecast period
Asia-Pacific dominated the market with a volume share of over 38.2% in 2018
A comprehensive analysis of the factors that drive and restrain the silicone market growth is provided
The qualitative data in this report aims at the market dynamics, trends, and developments in the silicone industry
The silicone market size in provided in terms of volume & revenue
Companies Mentioned
- Dow Inc.
- Shin-Etsu Chemical Co. Ltd.
- Wacker Chemie AG
- Kaneka Corporation
- Evonik Industries AG
- Elkem ASA
- Momentive Performance Materials Inc.
- Arkema Group
- Emerald Performance Materials LLC
- BASF SE
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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