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Silicone Resins Market By Type, By End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 261 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713162
The silicone resins market attained $0.9 billion in 2021 and is projected to reach $1.5 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031.

Silicone resins are a type of silicone material composed of cage-like oligosiloxanes and branching RnSiXmOy. They are used to manufacture films with weatherability, dielectric characteristics, and heat resistance. Silicone resins are utilized to improve dependability, longevity, and safety in a variety of end-use industries, such as paints, coatings, and construction.

Silicone resins provide a number of advantages, including superior performance and resistance to temperature, weather, chemicals, and heat. Their superior thermal stability makes them suitable for use in paints, varnishes, and other impregnating substances. In addition, they are utilized as release force promoters in release coatings, as water repellents in building and construction, and as adhesion promoters in sealing and bonding.

Extensive use of silicone-based coatings in the industry ensures quality through consistent release performance during the molding process. In the shipping industry, paints containing silicone compounds improve vessel efficiency (faster speed and lower fuel consumption) and eliminate the need for conventional antifouling paints containing hazardous substances. This stimulates the market for silicon resins. Expansion of the infrastructure, construction, and automotive industries; and the widespread implementation of innovative coating technologies are anticipated to generate attractive market opportunities during the forecast period,. The expansion of economic activity in Latin America and Asia-Pacific is expected to provide enormous opportunities for silicone resins during the forecast period. These regions are currently establishing stringent volatile organic compounds (VOC) emission regulations. Latin American and Asia-Pacific consumers are more conscious of the environmental impact of their purchases.

However, governments in developing countries have enacted rigorous regulations to reduce the impact of trash and its toxic byproducts on the environment, flora, and fauna. The European regulatory agency Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) ) demands the registration of manufacturers producing silicone-based end goods in accordance with specified requirements. CLP's (Classification, Labeling, and Packaging) "Regulation (EC) No 1272/2008 of the European Parliament and of the Council of December 16, 2008, on the labeling and packaging of substances and mixtures, amending and repealing Directives 67/548/EEC and 1999/45/EC, and amending Regulation (EC) No 1907/2006" classifies the safety requirements of chemical substances along with their legal implications. The use of any chemical substance, including silicone resins, must conform to the standards, which are closely connected to REACH. This can hinder the global demand for silicone resins.

The global silicone resins market is segmented into type, end-use industry, and region. Depending on the type, the market is classified into methyl silicone resins, methyl phenyl silicone resins, and others. On the basis of end-use industry, it is categorized into building & construction, electrical & electronics, paints & coatings, adhesives & sealants, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global silicone resins market BRB International, Dow Inc., Elkay Chemicals Private Limited, Elkem ASA, Evonik Industries AG, Genesee Polymers Corporation, Kaneka Corporation, Momentive, Primasil, Savitri Chemicals, Shin-Etsu Chemical Co., Ltd, Siltech Corporation, Sinicon Plastics Inc, Supreme Silicones India Pvt Ltd, and Wacker Chemie AG. Other players operating in the market are Adhis S.A.S, Bluestar Silicones, and Alchemie Ltd.

IMPACT OF COVID-19 ON THE GLOBAL SILICONE RESINS MARKET

  • COVID-19 has spread across the globe and affected almost all aspects of life.
  • The global economy has been negatively affected by the COVID-19 pandemic. It has negatively impacted a number of industrial sectors by disrupting the supply chain.
  • As a result of months of consumer lockdown and the shutdown of foreign supply networks and retail firms, purchase and consumption patterns have shifted considerably across several sectors. This has negatively affected the global market for silicone resins.
  • Extended lockdowns in wealthy market economies and domestic societal estrangement have intensified the negative effect on emerging market economies.
  • The prolonged shutdown also harmed the construction and automotive sectors. Import/export of key silicon-based coating has had an impact on the paints and coatings business, thereby influencing the global silicone resins market.
  • However, after the pandemic, as the demand will return to normal after the restrictions were lifted, participants in this market have explored measures to minimize the pandemic's impact on their business.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the silicone resins market analysis from 2021 to 2031 to identify the prevailing silicone resins market opportunities.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • An in-depth analysis of the silicone resin market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global silicone resins market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Methyl Silicone Resins
  • Methylphenyl Silicone Resins
  • Others

By End-Use Industry

  • Automobile
  • Building and Construction
  • Electrical and Electronics
  • Paints and Coatings
  • Adhesives and Sealants
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • BRB International
  • DOW INC
  • Elkay Chemicals Private Limited
  • Elkem ASA
  • EVONIK INDUSTRIES AG
  • Genesee Polymers Corporation
  • Kaneka Corporation
  • momentive
  • Primasil
  • Savitri Chemicals
  • Shin-Etsu Chemical Co., Ltd
  • Siltech Corporation
  • Sinicon Plastics Inc
  • Supreme Silicones India Pvt Ltd
  • Wacker Chemie AG
Frequently Asked Questions about the Silicone Resins Market

What is the estimated value of the Silicone Resins Market?

The Silicone Resins Market was estimated to be valued at $0.9 billion in 2021.

What is the growth rate of the Silicone Resins Market?

The growth rate of the Silicone Resins Market is 5.2%, with an estimated value of $1.5 billion by 2031.

What is the forecasted size of the Silicone Resins Market?

The Silicone Resins Market is estimated to be worth $1.5 billion by 2031.

Who are the key companies in the Silicone Resins Market?

Key companies in the Silicone Resins Market include BRB International, DOW INC, Elkay Chemicals Private Limited, Elkem ASA, EVONIK INDUSTRIES AG, Genesee Polymers Corporation, Kaneka Corporation, momentive and Savitri Chemicals.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Key Regulation Analysis
3.9. Patent Landscape

CHAPTER 4: SILICONE RESINS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Methyl Silicone Resins
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Methylphenyl Silicone Resins
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: SILICONE RESINS MARKET, BY END-USE INDUSTRY
5.1 Overview
5.1.1 Market size and forecast
5.2 Automobile
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Building and Construction
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Electrical and Electronics
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Paints and Coatings
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Adhesives and Sealants
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Others
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country

CHAPTER 6: SILICONE RESINS MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by End-Use Industry
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by End-Use Industry
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by End-Use Industry
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by End-Use Industry
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by End-Use Industry
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by End-Use Industry
6.3.4.2 France
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by End-Use Industry
6.3.4.3 UK
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by End-Use Industry
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by End-Use Industry
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Type
6.3.4.5.2 Market size and forecast, by End-Use Industry
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Type
6.3.4.6.2 Market size and forecast, by End-Use Industry
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by End-Use Industry
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by End-Use Industry
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by End-Use Industry
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by End-Use Industry
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by End-Use Industry
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.2 Market size and forecast, by End-Use Industry
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by End-Use Industry
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by End-Use Industry
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by End-Use Industry
6.5.4.3 South Africa
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by End-Use Industry
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Type
6.5.4.4.2 Market size and forecast, by End-Use Industry

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 BRB International
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 DOW INC
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Elkay Chemicals Private Limited
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Elkem ASA
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 EVONIK INDUSTRIES AG
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Genesee Polymers Corporation
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Kaneka Corporation
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 momentive
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Primasil
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Savitri Chemicals
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 Shin-Etsu Chemical Co., Ltd
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 Siltech Corporation
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
8.13 Sinicon Plastics Inc
8.13.1 Company overview
8.13.2 Company snapshot
8.13.3 Operating business segments
8.13.4 Product portfolio
8.13.5 Business performance
8.13.6 Key strategic moves and developments
8.14 Supreme Silicones India Pvt Ltd
8.14.1 Company overview
8.14.2 Company snapshot
8.14.3 Operating business segments
8.14.4 Product portfolio
8.14.5 Business performance
8.14.6 Key strategic moves and developments
8.15 Wacker Chemie AG
8.15.1 Company overview
8.15.2 Company snapshot
8.15.3 Operating business segments
8.15.4 Product portfolio
8.15.5 Business performance
8.15.6 Key strategic moves and developments

List of Tables
Table 1. Global Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 2. Silicone Resins Market, for Methyl Silicone Resins, by Region, 2021-2031 ($Million)
Table 3. Silicone Resins Market for Methyl Silicone Resins, by Country, 2021-2031 ($Million)
Table 4. Silicone Resins Market, for Methylphenyl Silicone Resins, by Region, 2021-2031 ($Million)
Table 5. Silicone Resins Market for Methylphenyl Silicone Resins, by Country, 2021-2031 ($Million)
Table 6. Silicone Resins Market, for Others, by Region, 2021-2031 ($Million)
Table 7. Silicone Resins Market for Others, by Country, 2021-2031 ($Million)
Table 8. Global Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 9. Silicone Resins Market, for Automobile, by Region, 2021-2031 ($Million)
Table 10. Silicone Resins Market for Automobile, by Country, 2021-2031 ($Million)
Table 11. Silicone Resins Market, for Building and Construction, by Region, 2021-2031 ($Million)
Table 12. Silicone Resins Market for Building and Construction, by Country, 2021-2031 ($Million)
Table 13. Silicone Resins Market, for Electrical and Electronics, by Region, 2021-2031 ($Million)
Table 14. Silicone Resins Market for Electrical and Electronics, by Country, 2021-2031 ($Million)
Table 15. Silicone Resins Market, for Paints and Coatings, by Region, 2021-2031 ($Million)
Table 16. Silicone Resins Market for Paints and Coatings, by Country, 2021-2031 ($Million)
Table 17. Silicone Resins Market, for Adhesives and Sealants, by Region, 2021-2031 ($Million)
Table 18. Silicone Resins Market for Adhesives and Sealants, by Country, 2021-2031 ($Million)
Table 19. Silicone Resins Market, for Others, by Region, 2021-2031 ($Million)
Table 20. Silicone Resins Market for Others, by Country, 2021-2031 ($Million)
Table 21. Silicone Resins Market, by Region, 2021-2031 ($Million)
Table 22. North America Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 23. North America Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 24. North America Silicone Resins Market, by Country, 2021-2031 ($Million)
Table 25. U.S. Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 26. U.S. Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 27. Canada Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 28. Canada Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 29. Mexico Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 30. Mexico Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 31. Europe Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 32. Europe Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 33. Europe Silicone Resins Market, by Country, 2021-2031 ($Million)
Table 34. Germany Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 35. Germany Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 36. France Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 37. France Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 38. U.S.licone Resins Market, by Type, 2021-2031 ($Million)
Table 39. U.S.licone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 40. Spain Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 41. Spain Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 42. Italy Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 43. Italy Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 44. Rest of Europe Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 45. Rest of Europe Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 46. Asia-Pacific Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 47. Asia-Pacific Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 48. Asia-Pacific Silicone Resins Market, by Country, 2021-2031 ($Million)
Table 49. China Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 50. China Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 51. Japan Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 52. Japan Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 53. India Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 54. India Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 55. South Korea Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 56. South Korea Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 57. Rest of Asia-Pacific Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 58. Rest of Asia-Pacific Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 59. LAMEA Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 60. LAMEA Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 61. LAMEA Silicone Resins Market, by Country, 2021-2031 ($Million)
Table 62. Brazil Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 63. Brazil Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 64. Saudi Arabia Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 65. Saudi Arabia Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 66. South Africa Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 67. South Africa Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 68. Rest of LAMEA Silicone Resins Market, by Type, 2021-2031 ($Million)
Table 69. Rest of LAMEA Silicone Resins Market, by End-use Industry, 2021-2031 ($Million)
Table 70. Brb International: Company Snapshot
Table 71. Brb International: Operating Segments
Table 72. Brb International: Product Portfolio
Table 73. Brb International: Net Sales
Table 74. Brb International: Key Strategies
Table 75. Dow Inc.: Company Snapshot
Table 76. Dow Inc.: Operating Segments
Table 77. Dow Inc.: Product Portfolio
Table 78. Dow Inc.: Net Sales
Table 79. Dow Inc.: Key Strategies
Table 80. Elkay Chemicals Private Limited: Company Snapshot
Table 81. Elkay Chemicals Private Limited: Operating Segments
Table 82. Elkay Chemicals Private Limited: Product Portfolio
Table 83. Elkay Chemicals Private Limited: Net Sales
Table 84. Elkay Chemicals Private Limited: Key Strategies
Table 85. Elkem Asa: Company Snapshot
Table 86. Elkem Asa: Operating Segments
Table 87. Elkem Asa: Product Portfolio
Table 88. Elkem Asa: Net Sales
Table 89. Elkem Asa: Key Strategies
Table 90. Evonik Industries AG: Company Snapshot
Table 91. Evonik Industries AG: Operating Segments
Table 92. Evonik Industries AG: Product Portfolio
Table 93. Evonik Industries AG: Net Sales
Table 94. Evonik Industries AG: Key Strategies
Table 95. Genesee Polymers Corporation: Company Snapshot
Table 96. Genesee Polymers Corporation: Operating Segments
Table 97. Genesee Polymers Corporation: Product Portfolio
Table 98. Genesee Polymers Corporation: Net Sales
Table 99. Genesee Polymers Corporation: Key Strategies
Table 100. Kaneka Corporation: Company Snapshot
Table 101. Kaneka Corporation: Operating Segments
Table 102. Kaneka Corporation: Product Portfolio
Table 103. Kaneka Corporation: Net Sales
Table 104. Kaneka Corporation: Key Strategies
Table 105. Momentive: Company Snapshot
Table 106. Momentive: Operating Segments
Table 107. Momentive: Product Portfolio
Table 108. Momentive: Net Sales
Table 109. Momentive: Key Strategies
Table 110. Primasil: Company Snapshot
Table 111. Primasil: Operating Segments
Table 112. Primasil: Product Portfolio
Table 113. Primasil: Net Sales
Table 114. Primasil: Key Strategies
Table 115. Savitri Chemicals: Company Snapshot
Table 116. Savitri Chemicals: Operating Segments
Table 117. Savitri Chemicals: Product Portfolio
Table 118. Savitri Chemicals: Net Sales
Table 119. Savitri Chemicals: Key Strategies
Table 120. Shin-Etsu Chemical Co. Ltd.: Company Snapshot
Table 121. Shin-Etsu Chemical Co. Ltd.: Operating Segments
Table 122. Shin-Etsu Chemical Co. Ltd.: Product Portfolio
Table 123. Shin-Etsu Chemical Co. Ltd.: Net Sales
Table 124. Shin-Etsu Chemical Co. Ltd.: Key Strategies
Table 125. Siltech Corporation: Company Snapshot
Table 126. Siltech Corporation: Operating Segments
Table 127. Siltech Corporation: Product Portfolio
Table 128. Siltech Corporation: Net Sales
Table 129. Siltech Corporation: Key Strategies
Table 130. Sinicon Plastics Inc.: Company Snapshot
Table 131. Sinicon Plastics Inc.: Operating Segments
Table 132. Sinicon Plastics Inc.: Product Portfolio
Table 133. Sinicon Plastics Inc.: Net Sales
Table 134. Sinicon Plastics Inc.: Key Strategies
Table 135. Supreme Silicones India Pvt Ltd.: Company Snapshot
Table 136. Supreme Silicones India Pvt Ltd.: Operating Segments
Table 137. Supreme Silicones India Pvt Ltd.: Product Portfolio
Table 138. Supreme Silicones India Pvt Ltd.: Net Sales
Table 139. Supreme Silicones India Pvt Ltd.: Key Strategies
Table 140. Wacker Chemie AG: Company Snapshot
Table 141. Wacker Chemie AG: Operating Segments
Table 142. Wacker Chemie AG: Product Portfolio
Table 143. Wacker Chemie AG: Net Sales
Table 144. Wacker Chemie AG: Key Strategies

List of Figures
Figure 1. Silicone Resins Market Segmentation
Figure 2. Silicone Resins Market, 2021-2031
Figure 3. Silicone Resins Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Silicone Resins Mark.:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Key Regulation Analysis
Figure 14. Patent Analysis by Company
Figure 15. Patent Analysis by Country
Figure 16. Silicone Resins Market, By Type, 2021(%)
Figure 17. Comparative Share Analysis of Methyl Silicone Resins Silicone Resins Market, 2021-2031(%)
Figure 18. Comparative Share Analysis of Methylphenyl Silicone Resins Silicone Resins Market, 2021-2031(%)
Figure 19. Comparative Share Analysis of Others Silicone Resins Market, 2021-2031(%)
Figure 20. Silicone Resins Market, By End-Use Industry, 2021(%)
Figure 21. Comparative Share Analysis of Automobile Silicone Resins Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Building and Construction Silicone Resins Market, 2021-2031(%)
Figure 23. Comparative Share Analysis of Electrical and Electronics Silicone Resins Market, 2021-2031(%)
Figure 24. Comparative Share Analysis of Paints and Coatings Silicone Resins Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Adhesives and Sealants Silicone Resins Market, 2021-2031(%)
Figure 26. Comparative Share Analysis of Others Silicone Resins Market, 2021-2031(%)
Figure 27. Silicone Resins Market by Region, 2021
Figure 28. U.S. Silicone Resins Market, 2021-2031($Million)
Figure 29. Canada Silicone Resins Market, 2021-2031($Million)
Figure 30. Mexico Silicone Resins Market, 2021-2031($Million)
Figure 31. Germany Silicone Resins Market, 2021-2031($Million)
Figure 32. France Silicone Resins Market, 2021-2031($Million)
Figure 33. Uk Silicone Resins Market, 2021-2031($Million)
Figure 34. Spain Silicone Resins Market, 2021-2031($Million)
Figure 35. Italy Silicone Resins Market, 2021-2031($Million)
Figure 36. Rest of Europe Silicone Resins Market, 2021-2031($Million)
Figure 37. China Silicone Resins Market, 2021-2031($Million)
Figure 38. Japan Silicone Resins Market, 2021-2031($Million)
Figure 39. India Silicone Resins Market, 2021-2031($Million)
Figure 40. South Korea Silicone Resins Market, 2021-2031($Million)
Figure 41. Rest of Asia-Pacific Silicone Resins Market, 2021-2031($Million)
Figure 42. Brazil Silicone Resins Market, 2021-2031($Million)
Figure 43. Saudi Arabia Silicone Resins Market, 2021-2031($Million)
Figure 44. South Africa Silicone Resins Market, 2021-2031($Million)
Figure 45. Rest of LAMEA Silicone Resins Market, 2021-2031($Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap of Top 10 Key Players
Figure 52. Brb Internationa.: Net Sales, ($Million)
Figure 53. Dow In.: Net Sales, ($Million)
Figure 54. Elkay Chemicals Private Limite.: Net Sales, ($Million)
Figure 55. Elkem As.: Net Sales, ($Million)
Figure 56. Evonik Industries A.: Net Sales, ($Million)
Figure 57. Genesee Polymers Corporatio.: Net Sales, ($Million)
Figure 58. Kaneka Corporatio.: Net Sales, ($Million)
Figure 59. Momentiv.: Net Sales, ($Million)
Figure 60. Primasi.: Net Sales, ($Million)
Figure 61. Savitri Chemical.: Net Sales, ($Million)
Figure 62. Shin-Etsu Chemical Co. Lt.: Net Sales, ($Million)
Figure 63. Siltech Corporatio.: Net Sales, ($Million)
Figure 64. Sinicon Plastics In.: Net Sales, ($Million)
Figure 65. Supreme Silicones India Pvt Lt.: Net Sales, ($Million)
Figure 66. Wacker Chemie A.: Net Sales, ($Million)

Executive Summary

According to the report, “Silicone Resins Market," the silicone resins market was valued at $0.9 billion in 2021, and is estimated to reach $1.5 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031.

The elements silicon and oxygen are the building blocks of a synthetic substance known as silicone resin. It has a wide range of applications and can be found in things such as coatings, elastomers, sealants, and adhesives, among others. The longevity and excellent thermal stability of silicone resins make them a key component of the industry. They are also resistant to the effects of weathering and chemicals, and they may be sculpted into intricate shapes.

Silicone is used in the rapidly expanding automobile industry as a lubricant for the components of the brakes and as insulation for the wires that connect the spark plugs in order to prevent sparks and misfires. Sheets of silicone are utilized in the production of gaskets for automobile engines, while silicone rubber is utilized in the production of airbag sealants. Silicones used in the automotive industry contribute to overall vehicle weight reduction, which in turn helps reduce hazardous emissions and improves fuel efficiency. The overall demand for automotive silicones may be driven by factors such as the rise in the manufacturing of automobiles as well as the increasingly rigorous environmental rules regarding dangerous emissions.

However, this could be a barrier to expansion for the industry as a whole, because of the high manufacturing costs caused by high processing and raw material costs. Several nations' increased emphasis on infrastructure development has resulted in an increase in the number of construction-related projects. In addition to this, there is a growth in demand for silicone resins in commercial and industrial applications. These reasons are driving global silicone resins market sales prospects. In addition, there is a notable increase in demand for silicone resigns in the automotive industry. This factor is driving the expansion of the market. The U.S and Canada have revised their emission reduction goals to prioritize the phased elimination of greenhouse gases.

The U.S has pledged to cut greenhouse gas emissions by between 50 and 52 % below the levels that they were at in 2005 by 2030, as stated in a declaration that was made during the Leaders' Summit on Climate Change. A power sector devoid of carbon emissions is the target for 2035. The U.S of America has set a goal to have zero net emissions of carbon dioxide by 2050. The electrification of buildings, the reduction of carbon emissions from transportation, and the improvement of industrial operations are three further goals. New targets for the reduction of emissions of greenhouse gases have also been established in Canada. The previous target was to reduce emissions by 30%, while the new goal is to lower them by between 40% and 45% from 2005 levels by 2030. The implementation of stricter rules in the U.S. and Canada will have an effect on the usage of silicone resins in a variety of industries, which will, in turn, have an impact on the demand.

The global silicone resins market is segmented into type, end-use industry, and region. Depending on the type, the market is classified into methyl silicone resins, methyl phenyl silicone resins, and others. On the basis of end-use industry, it is categorized into building & construction, electrical & electronics, paints & coatings, adhesives & sealants, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global silicone resins market are BRB International, Dow Inc., Elkay Chemicals Private Limited, Elkem ASA, Evonik Industries AG, Genesee Polymers Corporation, Kaneka Corporation, Momentive, Primasil, Savitri Chemicals, Shin-Etsu Chemical Co., Ltd, Siltech Corporation, Sinicon Plastics Inc, Supreme Silicones India Pvt Ltd, and Wacker Chemie AG. Other players operating in the market are Adhis S.A.S, Bluestar Silicones, and Alchemie Ltd.

Key Findings of the Study

  • The report outlines the current silicone resin market trends and future scenarios of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
  • The market size is provided in terms of revenue and volume.
  • On the basis of type, the methyl phenyl silicone resins segment is expected to grow at a CAGR of 4.9%, in terms of revenue, during the forecast period.
  • Depending on the end-use industry, the automobile segment is expected to grow at a CAGR of 5.5%, in terms of revenue, during the forecast period.
  • Region-wise, Asia-Pacific garnered highest share of 42.5% in 2021 in terms of revenue, and is expected to continue its dominance during the forecast period.
  • COVID-19 impact analysis on the silicone resins market
  • As a result of months of consumer lockdown and the shutdown of foreign supply networks and retail firms, purchase and consumption patterns have shifted considerably across several sectors. This has negatively damaged the global market for silicone resins.
  • Extended lockdowns in wealthy market economies and domestic societal estrangement have intensified the negative effect on emerging market economies.
  • The prolonged shutdown also harmed the construction and automotive sectors. Import/export of key silicon-based coating has had an impact on the paints and coatings business, thereby influencing the global silicone resins market.
  • However, after the pandemic, as the demand will return to normal after the restrictions were lifted, participants in this market have explored measures to minimize the pandemic's impact on their business.

Companies Mentioned

  • BRB International
  • DOW INC
  • Elkay Chemicals Private Limited
  • Elkem ASA
  • EVONIK INDUSTRIES AG
  • Genesee Polymers Corporation
  • Kaneka Corporation
  • momentive
  • Primasil
  • Savitri Chemicals
  • Shin-Etsu Chemical Co., Ltd
  • Siltech Corporation
  • Sinicon Plastics Inc
  • Supreme Silicones India Pvt Ltd
  • Wacker Chemie AG

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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