Silicone in Heavy Machinery Global Market Report 2024

Silicone in heavy machinery refers to a synthetic, high-performance material utilized in electrical heavy machinery. It is available in various forms, including reactive silanes, silicone fluids, and silicone polymers. Silicone in heavy machinery serves multiple purposes, particularly as adhesives and sealants in both consumer and industrial applications.

The primary types of silicone in heavy machinery include elastomers, liquid silicone rubber, and other variations. Elastomers are characterized as long-chain polymers containing carbon, hydrogen, oxygen, and silicon. They exhibit both viscosity and elasticity properties, with their molecules held together by weak intermolecular forces. The applications of elastomers in heavy machinery extend to transformers and switchgear. Sales channels for silicone in heavy machinery involve both direct channels or institutional sales and indirect sales. These sales channels play a crucial role in distributing silicone products to end-users in the heavy machinery sector.

The silicon in heavy machinery market research report is one of a series of new reports that provides silicon in heavy machinery market statistics, including silicon in heavy machinery industry global market size, regional shares, competitors with silicon in heavy machinery market share, detailed silicon in heavy machinery market segments, market trends and opportunities, and any further data you may need to thrive in the silicon in heavy machinery industry. This silicon in heavy machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The silicone in heavy machinery market size has grown strongly in recent years. It will grow from $1.42 billion in 2023 to $1.54 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed in the historical period can be attributed to several factors, including increased activity in industrial and heavy machinery manufacturing, the demand for materials that can withstand high-temperature and high-pressure environments, the use of silicone for lubrication and sealing solutions, growth in the mining and construction equipment sectors, and the application of silicone in aerospace and defense applications.

The silicone in heavy machinery market size is expected to see strong growth in the next few years. It will grow to $2.16 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period can be attributed to several factors, including the integration of silicone in hydraulic systems, the use of silicone for noise and vibration damping in heavy machinery, the adoption of silicone gaskets and seals to enhance efficiency, increased demand for silicone adhesives and coatings, the application of silicone insulation for electrical components, and the utilization of silicone-based maintenance and repair solutions in heavy machinery. Key trends expected in the forecast period include the use of silicone-based 3D printing for manufacturing heavy machinery parts, the implementation of IoT (Internet of Things) and sensors for predictive maintenance in heavy machinery, the development of self-lubricating silicone materials, the use of silicone for noise control in heavy equipment, the encapsulation of ruggedized electronics with silicone, and the application of silicone solutions for extreme cold and heat conditions in heavy machinery.

The anticipated surge in demand for silicone rubber in the global wind energy sector is poised to drive the growth of the silicone market in the coming years. Silicone rubber, composed of silicone along with carbon, hydrogen, and oxygen, is extensively employed in wind turbine blades and tower sections for lubrication, thermal interference, and sealing, owing to its enduring, adhesive, and sealing properties. According to the Global Wind Energy Council's Global Wind Report in November 2021, 93 GW of new wind power capacity was installed globally, marking a 53% year-on-year increase and reaching a total of 743 GW of wind power capacity worldwide. Hence, the escalating demand for silicone rubber in the wind energy sector serves as a catalyst for the silicone market.

The burgeoning automotive industry is expected to be a driving force behind the growth of the silicone in heavy machinery market. Silicone, known for its heat resistance and durability, finds common applications in heavy machinery within the automotive sector for gaskets, seals, and insulating components. Notably, new vehicle sales in the US increased by 22.8% from May 2022 to May 2023, reaching 1,374,910 units, as reported by MarkLines Co., Ltd., a Japan-based automotive industry portal. This growth in the automotive industry significantly contributes to propelling the silicone in heavy machinery market forward.

The silicone in heavy machinery market is witnessing a noteworthy trend with a focus on product innovation. Major players in the market are actively innovating new products that offer properties such as thermal stability, durability, flexibility, and electrical conductivity. In December 2022, Dow Inc., a US-based chemical company, introduced the SILASTIC SA 994X Liquid Silicone Rubber (LSR) series. This collection of self-adhesive LSRs is designed for two-component injection molding, particularly in conjunction with thermoplastic substrates like polybutylene terephthalate and polyamide, providing various properties, including flame retardancy and UV resistance.

Companies in the silicone in heavy machinery market are strategically developing silicone 3D printers to gain a competitive edge. These 3D printers are instrumental in creating custom seals and gaskets for heavy machinery, contributing to enhanced performance and reduced downtime. For example, in November 2022, Lynxter, a France-based manufacturing machine tools manufacturer, launched the S300X silicone 3D printer, capable of utilizing industrial-grade RTV2 silicone and polyurethane for applications such as custom seal printing and soft robotics. The automation features of the S300X allow autonomous printing of substantial parts or batch production, leading to increased efficiency and productivity in the heavy machinery manufacturing sector.

In January 2021, Momentive Performance Materials Inc., a US-based chemical company, successfully acquired Basildon Chemical Co. Ltd., a UK-based chemical company specializing in manufacturing silicone products for use in heavy machinery. This acquisition is poised to expand Momentive's global footprint and strengthen its focus on advanced technologies and innovation.

Major companies operating in the silicone in heavy machinery market include Dow Inc., Elkem Silicones, KCC Corporation, Momentive Inc., Shin-Etsu Silicone, Wacker Chemie AG, Iota Silicone Oil (Anhui) Co.Ltd., Stockwell Elastomerics Inc., Zhejiang XinAn Chemical Industrial Group Co Ltd., Evonik Industries AG, Gelest Inc., Innospec Inc., Avantor, Alstone Industries, ARCO Silicone, 3M, Saint-Gobain, Henkel, H.B. Fuller, Avery Dennison, Bostik, Sika, Huntsman Corporation, EssentialCo, Lanxess AG, Arkema SA, Toray Industries, Mitsubishi Chemical Corporation, Sumitomo Chemical Co Ltd

Asia-Pacific was the largest region in the silicone in heavy machinery market in 2023. North America was the second-largest region in the silicone in heavy machinery market share. The regions covered in this silicone in heavy machinery market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the silicone in heavy machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The silicone in the heavy machinery market consists of sales of high temperature silicone, liquid silicone and room temperature silicone. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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