Global Silicones Market Report and Forecast 2023-2028
Market Report I 2023-09-12 I 193 Pages I EMR Inc.
Global Silicones Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global silicones market attained a production volume of more than 2.52 million metric tons in 2022. Aided by their versatility and increasing integration across multiple sectors, the market is expected to grow significantly by 2028.
Silicones, commonly known for their flexibility, resilience, and resistance to extreme environments, are high-performance polymers used across a diverse range of applications. Their unique properties, such as thermal stability, hydrophobicity, and low toxicity, make them an integral component in numerous products, spanning industries from automotive and construction to cosmetics and healthcare.
The growing trend of miniaturisation in the electronics sector has given an upward thrust to the silicones market growth. Their excellent electrical insulation properties, combined with their resistance to heat and moisture, make silicones a go-to material in the production of electronic devices, ensuring safety, longevity, and efficient performance.
Parallelly, the beauty and personal care industry is experiencing a burgeoning demand for silicones. These polymers, prized for their conditioning capabilities, silky texture, and non-greasy feel, have become key ingredients in products like shampoos, lotions, and makeup. They enhance product spreadability, longevity, and provide a desirable finish, thereby elevating the overall user experience.
The construction sector, too, leans heavily on silicones, utilising them in sealants, adhesives, and coatings. Their ability to bond materials, resist moisture, and offer long-term durability ensures enhanced building lifespans, energy efficiency, and overall structural integrity.
As per the silicone market analysis, the healthcare sector acknowledges silicones for their biocompatibility and flexibility, making them indispensable in medical devices, tubing, and even in drug delivery systems.
In the automotive sphere, the push for energy efficiency and reduced emissions is leading manufacturers to integrate silicones to enhance vehicle performance. Their resistance to extreme temperatures and chemicals makes them an ideal choice for components under the hood, ensuring vehicle longevity and safety.
With the rising consciousness about sustainability, the spotlight is also on the potential of silicones in renewable energy sectors, notably in solar and wind energy. In solar panels, silicones protect and extend the life of photovoltaic cells, while in wind turbines, they enhance durability and resistance against challenging weather conditions.
Geographically, the Asia Pacific region accounts for a significant portion of the global silicones market share. This dominance is attributed to rapid industrialisation, urbanisation, and the flourishing electronics and automotive sectors in nations like China, India, and Japan.
Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Elastomers
- Fluids
- Gels
- Resins
Market Breakup by Application
- Industrial Process
- Construction Materials
- Home and Personal Care
- Transportation
- Energy
- Healthcare
- Electronics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global silicones market. Some of the major players explored in the report by Expert Market Research are as follows:
- Elkem ASA
- The Dow Chemical Company
- Wacker Chemie AG
- Shin-Etsu Chemical Co., Ltd.
- Ferroglobe PLC
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Silicones Market Analysis
8.1 Key Industry Highlights
8.2 Global Silicones Historical Market (2018-2022)
8.3 Global Silicones Market Forecast (2023-2028)
8.4 Global Silicones Market by Type
8.4.1 Elastomers
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Fluids
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Gels
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Resins
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Silicones Market by Application
8.5.1 Industrial Process
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Construction Materials
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Home and Personal Care
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Transportation
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Energy
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Healthcare
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Electronics
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2022)
8.5.7.3 Forecast Trend (2023-2028)
8.5.8 Others
8.6 Global Silicones Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code: 3910)
12.1 Major Exporting Countries:
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Elkem ASA
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 The Dow Chemical Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Wacker Chemie AG
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Shin-Etsu Chemical Co., Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Ferroglobe PLC
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Silicones Market: Key Industry Highlights, 2018 and 2028
2. Global Silicones Historical Market: Breakup by Type (Million Metric Tons), 2018-2022
3. Global Silicones Market Forecast: Breakup by Type (Million Metric Tons), 2023-2028
4. Global Silicones Historical Market: Breakup by Application (Million Metric Tons), 2018-2022
5. Global Silicones Market Forecast: Breakup by Application (Million Metric Tons), 2023-2028
6. Global Silicones Historical Market: Breakup by Region (Million Metric Tons), 2018-2022
7. Global Silicones Market Forecast: Breakup by Region (Million Metric Tons), 2023-2028
8. North America Silicones Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
9. North America Silicones Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
10. Europe Silicones Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
11. Europe Silicones Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
12. Asia Pacific Silicones Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
13. Asia Pacific Silicones Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
14. Latin America Silicones Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
15. Latin America Silicones Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
16. Middle East and Africa Silicones Historical Market: Breakup by Country (Million Metric Tons), 2018-2022
17. Middle East and Africa Silicones Market Forecast: Breakup by Country (Million Metric Tons), 2023-2028
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Silicones Market Structure
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