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Silicones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 105 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5743118

Quick Summary:

In the rapidly-evolving global silicones market, staying abreast of the latest industry insights is paramount for decision-making and sustainable growth. Silicones, known for their flexibility and chemical-resistance, are extensively used across a myriad of sectors including sportswear manufacturing, healthcare, aerospace, electronics, and construction.

The key to unlocking new opportunities in this market lies in understanding its predominant trends. The increasing application of silicones in personal care and cosmetic products, coupled with growing consumer awareness around physical appearance, constitutes a major growth driver. Moreover, silicones' role in the construction industry as a sealant, and their widespread use in electronic component manufacturing are also significant contributors to market expansion. Other factors like the growing adoption of photovoltaic panels and growing prevalence of chronic diseases also create a positive market outlook.

The report is critically useful for potential investors, entrepreneurs, business strategists, and researchers. It provides a view into the key trends and provides forecasts at global and regional levels. The report segments the market based on product types and applications, offering insights into varying market dynamics across these segments. Regional insights, along with an analysis of major players within the silicones market, create a comprehensive overview. This indispensable resource not only provides a detailed analysis of the market trends, drivers, and challenges, but also equips stakeholders with knowledge to carve out a successful path in the global silicones market.

The global silicones market size reached US$ 13.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 19.1 Billion by 2028, exhibiting a CAGR of 5.69% during 2022-2028.

Silicones, also known as polysiloxanes, are inert synthetic compounds, which can be manufactured in numerous forms, including oil, rubber, resin, and liquid. They are flexible and resistant to chemicals, moisture, UV rays, and high and low temperatures. As they enable fabrics to retain their shape and texture, silicones are used in the production of lightweight, durable, water-repellent, and high-performing sportswear. Besides this, it finds extensive application in the healthcare, aerospace, personal care, electronics, transportation, and construction industries.

Silicones Market Trends:

Silicones are widely utilized in personal care and cosmetic products, such as creams, shampoos, foundations, eyeshadows, and blushes. This, in confluence with the increasing consciousness about physical appearance among individuals, represents one of the major factors bolstering market growth. It can also be attributed to product benefits like improving the longevity of products and protecting the skin from chemical exposure and other environmental damages by forming a barrier on the skin. In addition, the rising employment of silicones as a sealant in the construction industry to enhance the flexibility of building structures is contributing to market growth. Moreover, due to high thermal stability and excellent dielectric properties, silicones are widely used in the manufacturing of electronic components, such as keyboards, mobile phones, television (TV), led lights, and tablets. This, in confluence with the growing sales of consumer electronics, is driving the market. Furthermore, the growing traction of photovoltaic panels and devices is catalyzing the demand for silicones as they are cost-effective and improve efficiency, durability, and performance. Besides this, the increasing prevalence of chronic diseases, such as osteoporosis, cardiovascular and Alzheimer's, is creating a positive outlook for the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global silicones market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type and application.

Breakup by Product Type:

  • Elastomers
  • Fluids
  • Gels
  • Resins
Elastomers dominate the market as they are versatile and have better quality, which is suitable for high-performance applications.

Breakup by Application:

  • Industrial Processes
  • Construction Materials
  • Home and Personal Care
  • Transportation
  • Energy
  • Healthcare
  • Electronics
  • Others
Presently, silicones are widely utilized in numerous industrial processes.

Regional Insights:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
The Asia Pacific holds the majority of the global silicone market share as it is one of the biggest producers of silicones.

Competitive Landscape:

The market is concentrated in nature with the presence of a few manufacturers who compete against one another in terms of prices and quality. Some of these key players include:

  • Dow Chemical Company
  • Wacker Chemie AG
  • Shin-Etsu Chemical Co., Ltd.
  • Momentive Performance Materials Inc.
  • Elkem ASA
This report provides a deep insight into the global silicone market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global silicone market in any manner.

Key Questions Answered in This Report

1. What was the size of the global silicones market in 2022?
2. What is the expected growth rate of the global silicones market during 2023-2028?
3. What are the key factors driving the global silicones market?
4. What has been the impact of COVID-19 on the global silicones market?
5. What is the breakup of the global silicones market based on the product type?
6. What is the breakup of the global silicones market based on the application?
7. What are the key regions in the global silicones market?
8. Who are the key companies/players in the global silicones market?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends

5 Global Silicones Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Price Analysis
5.11.1 Price Trends
5.11.2 Price Indicators
5.11.3 Margins Analysis

6 Market Breakup by Product Type
6.1 Elastomers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fluids
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Gels
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Resins
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Application
7.1 Industrial Processes
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Construction Materials
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Home and Personal Care
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Transportation
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Energy
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Healthcare
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Electronics
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Others
7.8.1 Market Trends
7.8.2 Market Forecast

8 Market Breakup by Region
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Latin America
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Forecast

9 Feedstock Analysis
9.1 Supply and Demand of Key Feedstock
9.1.1 Global Silicon Metal Market
9.1.1.1 Market Performance
9.1.1.2 Price Trends
9.1.1.3 Market Forecast
9.1.1.4 Market Breakup by Region
9.1.1.5 Market Breakup by End Use
9.1.1.6 Key Suppliers

10 Silicones Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Dow Chemical Company
11.3.1.1 Company Overview
11.3.1.2 Description
11.3.1.3 Product Portfolio
11.3.1.4 Financials
11.3.2 Wacker Chemie AG
11.3.2.1 Company Overview
11.3.2.2 Description
11.3.2.3 Product Portfolio
11.3.2.4 Financials
11.3.2.5 SWOT Analysis
11.3.3 Shin-Etsu Chemical Co., Ltd.
11.3.3.1 Company Overview
11.3.3.2 Description
11.3.3.3 Product Portfolio
11.3.3.4 Financials
11.3.3.5 SWOT Analysis
11.3.4 Momentive Performance Materials Inc.
11.3.4.1 Company Overview
11.3.4.2 Description
11.3.4.3 Product Portfolio
11.3.4.4 Financials
11.3.4.5 SWOT Analysis
11.3.5 Elkem ASA
11.3.5.1 Company Overview
11.3.5.2 Description
11.3.5.3 Product Portfolio
11.3.5.4 Financials

List of Figures
Figure 1: Global: Silicones Market: Major Drivers and Challenges
Figure 2: Global: Silicones Market: Sales Volume (in Million Tons), 2017-2022
Figure 3: Global: Silicones Market: Sales Value (in Billion US$), 2017-2022
Figure 4: Global: Silicones Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Silicones Market: Breakup by Application (in %), 2022
Figure 6: Global: Silicones Market: Breakup by Region (in %), 2022
Figure 7: Global: Silicones Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 8: Global: Silicones Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Silicones Industry: SWOT Analysis
Figure 10: Global: Silicones Industry: Value Chain Analysis
Figure 11: Global: Silicones Industry: Porter’s Five Forces Analysis
Figure 12: Global: Silicones Market: Average Prices D5 Price Trends (in US$/MT)
Figure 13: Global: Silicones Market: Average Prices Emulsion Price Trends (in US$/MT)
Figure 14: Silicones Price Structure Analysis
Figure 15: Silicones Price Structure Analysis (in %)
Figure 16: Global: Elastomers Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 17: Global: Elastomers Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 18: Global: Fluids Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 19: Global: Fluids Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 20: Global: Gels Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 21: Global: Gels Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 22: Global: Resins Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 23: Global: Resins Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 24: Global: Silicones Market (Applications in Industrial Processes): Sales Volume (in Million Tons), 2017 & 2022
Figure 25: Global: Silicones Market Forecast (Applications in Industrial Processes): Sales Volume (in Million Tons), 2023-2028
Figure 26: Global: Silicones Market (Applications in Construction Materials): Sales Volume (in Million Tons), 2017 & 2022
Figure 27: Global: Silicones Market Forecast (Applications in Construction Materials): Sales Volume (in Million Tons), 2023-2028
Figure 28: Global: Silicones Market (Applications in Home and Personal Care): Sales Volume (in Million Tons), 2017 & 2022
Figure 29: Global: Silicones Market Forecast (Applications in Home and Personal Care): Sales Volume (in Million Tons), 2023-2028
Figure 30: Global: Silicones Market (Applications in Transportation): Sales Volume (in Million Tons), 2017 & 2022
Figure 31: Global: Silicones Market Forecast (Applications in Transportation): Sales Volume (in Million Tons), 2023-2028
Figure 32: Global: Silicones Market (Applications in Energy): Sales Volume (in Million Tons), 2017 & 2022
Figure 33: Global: Silicones Market Forecast (Applications in Energy): Sales Volume (in Million Tons), 2023-2028
Figure 34: Global: Silicones Market (Applications in Healthcare): Sales Volume (in Million Tons), 2017 & 2022
Figure 35: Global: Silicones Market Forecast (Applications in Healthcare): Sales Volume (in Million Tons), 2023-2028
Figure 36: Global: Silicones Market (Applications in Electronics): Sales Volume (in Million Tons), 2017 & 2022
Figure 37: Global: Silicones Market Forecast (Applications in Electronics): Sales Volume (in Million Tons), 2023-2028
Figure 38: Global: Silicones Market (Other Applications): Sales Volume (in Million Tons), 2017 & 2022
Figure 39: Global: Silicones Market Forecast (Other Applications): Sales Volume (in Million Tons), 2023-2028
Figure 40: North America: Silicones Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 41: North America: Silicones Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 42: Europe: Silicones Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 43: Europe: Silicones Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 44: Asia Pacific: Silicones Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 45: Asia Pacific: Silicones Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 46: Latin America: Silicones Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 47: Latin America: Silicones Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 48: Middle East and Africa: Silicones Market: Sales Volume (in Million Tons), 2017 & 2022
Figure 49: Middle East and Africa: Silicones Market Forecast: Sales Volume (in Million Tons), 2023-2028
Figure 50: Global: Silicon Metal Market: Consumption Volume (in Million Tons), 2017-2022
Figure 51: Global: Silicon Metal Market: Average Prices (in US$/Ton), 2017-2022
Figure 52: Global: Silicon Metal Market Forecast: Consumption Volume (in Million Tons), 2023-2028
Figure 53: Global: Silicon Metal Market: Breakup by Region (in %)
Figure 54: Global: Silicon Metal Market: Breakup by End-Use (in %)
Figure 55: Silicones Manufacturing: Process Flow

List of Tables
Table 1: Silicones: General Properties
Table 2: Global: Silicones Market: Key Industry Highlights, 2022 and 2028
Table 3: Global: Silicones Market Forecast: Breakup by Product Type (in Million Tons), 2023-2028
Table 4: Global: Silicones Market Forecast: Breakup by Application (in Million Tons), 2023-2028
Table 5: Global: Silicones Market Forecast: Breakup by Region (in Million Tons), 2023-2028
Table 6: Silicones: Raw Material Requirements
Table 7: Global: Silicones Market Structure
Table 8: Global: Silicones Market: Key Players

Companies Mentioned

  • Dow Chemical Company
  • Wacker Chemie AG
  • Shin-Etsu Chemical Co.
  • Ltd.
  • Momentive Performance Materials Inc.
  • Elkem ASA.

Methodology

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