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Report
Silicones: Global Markets
Market Research Report I 2024-08-08 I 135 Pages I BCC Research
Description
Report Scope:
This report primarily focuses on silicone and its industrial applications in transportation, construction, personal care, energy, healthcare, electronics and others sectors. This report covers some of the parameters of silicone examined by industries and regulatory bodies due to their growing advances and expansions in the numerous industrial sectors. BCC Research analyzed essential categories and regions to determine the present and future silicone market status and forecasted market growth from 2024 to 2029. This report also discusses market strategies, market ESG development, regulatory landscape, key players in countries and market driving forces. It segments the market by region: Asia-Pacific, Europe, North America and the Rest of the World (RoW).
The global silicone market is segmented into -
Product form: Silicone elastomers, silicone fluids, silicone resins, silicone gels and others.
End use: Industrial processes, construction, personal care and consumer goods, transportation, energy, healthcare, electronics and others.
The market estimations and size are provided in terms of value ($ Millions) and volume (kilotons), with 2023 serving as the base year and market forecasts given for the period 2024 to 2029. Regional-level market sizes, with respect to product form and end users, are also provided.
Report Includes:
- 67 data tables and 50 additional tables
- An analysis of the current and future global markets for silicones
- Analyses of global market trends, with market revenue data from 2022 to 2023, estimates for 2024, forecasts for 2025, and projected CAGRs through 2029
- Estimates of the market size in terms of value and volume, its revenue prospects, and a market share analysis by product form, end-use industry and region
- Facts and figures pertaining to the market dynamics, technological advances, regulations, and future prospects of silicone polymers in industrial and consumer applications
- A look at recent patent grants
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies
- Analysis of the industry structure, including company market shares, strategic alliances, M&A activity and venture funding outlook
- Company profiles of market leaders, including Wacker Chemie AG, DuPont, Shin-Etsu Chemical Co. Ltd., Dow, Elkem ASA
Executive Summary
Summary:
The global silicone market has experienced steady growth in recent years, driven by the increasing demand for silicone-based products across various industries, including construction, automotive, healthcare and electronics. Silicones are versatile materials that offer unique properties, including thermal stability, chemical resistance and flexibility, making them suitable for various applications.The silicone market is rising due to the development of new silicone products and advancements in manufacturing techniques, which elevate the material's capabilities. These advancements make silicones essential components across various industries, fueled by the ever-increasing demand for strong and durable bonding solutions.
The incorporation of silicone has led to a surge in its use for various car parts in the automotive sector. Engine gaskets, sensors, internal and external coatings, and accessories depend on silicones' adhesion and durability. Specialized silicones are employed in the construction industry for their ability to withstand high temperatures. The electronics industry also continues to be a significant market for silicone, especially with the growth of consumer goods and rising industrialization.
Sustainability and recycling are also major trends shaping the market. Stringent regulations are pushing manufacturers to develop new silicone recycling techniques. ECO USA Recycling, Ecovalley Silicones Pvt. Ltd. and Harmony Recycling Inc. are among the companies offering recycling services. This shift offers comparable performance to traditional options with a significantly reduced environmental footprint.
The regions encompassing the silicone market are North America, Asia-Pacific, Europe and the RoW. In 2023, Asia-Pacific dominated the silicone market, accounting for a 44.9% global market share. China and the U.S. are the factors driving the international market, as they are among the top manufacturers and exporters of automotive, building and construction, electronics and consumer goods, which significantly impacts their economies. This is expected to grow in the future.
Table of Contents
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Chapter 2 Market Overview
Market Definition
Compounds of Silicones
Siloxane
Polydimethylsiloxane
Silicone Properties
Silicone Industrial Applications
Chapter 3 Market Dynamics
Market Dynamics
Market Drivers
Surge in the Construction and Automotive Industries
Increasing Demand for Silicones in Energy and Electronics Industries
Restraints
Stringent Environmental Regulations Regarding Silicones
Fluctuating Price of Silicones
Availability of Substitutes for Silicone Products
Opportunity
Growing Silicone Usage in Healthcare and Medical Applications
Rise of Silicone Recycling
Chapter 4 Regulatory Landscape
Chapter 5 Emerging Technologies and Developments
New Technologies
Next-Generation Silicone Recycling
Biocompatible Silicones
Incorporation of Artificial Intelligence in the Silicone Industry
Patent Analysis
Significance of Patents
Importance of Patent Analysis
Patent Analysis Based on Country of Origin
Patent Analysis Based on Year Issued
Patent Analysis Based on Companies to Which Patents Were Issued
Chapter 6 Market Segmentation Analysis
Segmentation Breakdown
Market Analysis by Product Form
Silicone Elastomers
Silicone Fluids
Silicone Resins
Silicone Gels
Others
Market Analysis by End Use
Construction
Transportation
Electronics
Personal Care and Consumer Goods
Healthcare
Industrial Processes
Energy
Other End Uses
Geographic Breakdown
Market Analysis by Region
North America
Europe
Asia-Pacific
Rest of the World
Chapter 7 Competitive Intelligence
Industry Structure
Market Share Analysis
Strategic Analysis
Merger and Acquisition Analysis
Chapter 8 Sustainability in the Silicone Industry: An ESG Perspective
Key ESG Issues in the Silicone Sector
Carbon Footprint and Environmental Impact
Labor Practices
Transparency and Governance
Silicone Industry ESG Performance Analysis
Environmental Performance
Social Performance
Governance Performance
Consumer Attitudes Toward ESG in the Silicone Market
Concluding Remarks from BCC Research
Chapter 9 Appendix
Methodology
Sources
References
Abbreviations
Company Profiles
ASAHI KASEI ADVANCE CORP.
BRB INTERNATIONAL
CHT GERMANY GMBH
DOW
DUPONT
DYSTAR SINGAPORE PTE. LTD.
ELKEM ASA
EVONIK INDUSTRIES AG
INNOSPEC
KCC SILICONE CORP.
MITSUBISHI SHOJI CHEMICAL CORP.
SHIN-ETSU CHEMICAL CO. LTD.
SILCHEM INC.
SPECIALTY SILICONE PRODUCTS INC.
WACKER CHEMIE AG
List of Tables
Summary Table : Global Silicone Market, by Region, Through 2029
Table 1 : Silicone Uses and Applications
Table 2 : Regulatory Bodies and Organizations in the Global Silicone Market
Table 3 : Patents Related to Silicones, by Applicant's Country of Origin, 2022-2023
Table 4 : Patents Related to Silicones, by Company, January 2022-December 2023
Table 5 : Patents in Silicones, by Display Key, January 2022-May 2024
Table 6 : Global Silicone Market Volume, by Product Form, Through 2029
Table 7 : Global Silicone Market, by Product Form, Through 2029
Table 8 : Global Silicone Elastomer Market Volume, by Region, Through 2029
Table 9 : Global Silicone Elastomer Market, by Region, Through 2029
Table 10 : Global Silicone Fluids Market Volume, by Region, Through 2029
Table 11 : Global Silicone Fluids Market, by Region, Through 2029
Table 12 : Global Silicone Resins Market Volume, by Region, Through 2029
Table 13 : Global Silicone Resins Market, by Region, Through 2029
Table 14 : Global Silicone Gel Market Volume, by Region, Through 2029
Table 15 : Global Silicone Gel Market, by Region, Through 2029
Table 16 : Global Silicone Other Forms Market Volume, by Region, Through 2029
Table 17 : Global Silicone Other Forms Market, by Region, Through 2029
Table 18 : Global Silicone Market Volume, by End Use, Through 2029
Table 19 : Global Silicone Market, by End Use, Through 2029
Table 20 : Global Silicone Market Volume for Construction, by Region, Through 2029
Table 21 : Global Silicone Market for Construction, by Region, Through 2029
Table 22 : Global Silicone Market Volume for Transportation, by Region, Through 2029
Table 23 : Global Silicone Market for Transportation, by Region, Through 2029
Table 24 : Global Silicone Market Volume for Electronics, by Region, Through 2029
Table 25 : Global Silicone Market for Electronics, by Region, Through 2029
Table 26 : Global Silicone Market Volume for Personal Care and Consumer Goods, by Region, Through 2029
Table 27 : Global Silicone Market for Personal Care and Consumer Goods, by Region, Through 2029
Table 28 : Global Silicone Market Volume for Healthcare, by Region, Through 2029
Table 29 : Global Silicone Market for Healthcare, by Region, Through 2029
Table 30 : Global Silicone Market Volume for Industrial Processes, by Region, Through 2029
Table 31 : Global Silicone Market for Industrial Processes, by Region, Through 2029
Table 32 : Global Silicone Market Volume for Energy, by Region, Through 2029
Table 33 : Global Silicone Market for Energy, by Region, Through 2029
Table 34 : Global Silicone Market Volume for Other End Uses, by Region, Through 2029
Table 35 : Global Silicone Market for Other End Uses, by Region, Through 2029
Table 36 : Global Silicone Market Volume, by Region, Through 2029
Table 37 : Global Silicone Market, by Region, Through 2029
Table 38 : North American Silicone Market Volume, by Country, Through 2029
Table 39 : North American Silicone Market, by Country, Through 2029
Table 40 : North American Silicone Market Volume, by Product Form, Through 2029
Table 41 : North American Silicone Market, by Product Form, Through 2029
Table 42 : North American Silicone Market Volume, by End Use, Through 2029
Table 43 : North American Silicone Market, by End Use, Through 2029
Table 44 : European Silicone Market Volume, by Country, Through 2029
Table 45 : European Silicone Market, by Country, Through 2029
Table 46 : European Silicone Market Volume, by Product Form, Through 2029
Table 47 : European Silicone Market, by Product Form, Through 2029
Table 48 : European Silicone Market Volume, by End Use, Through 2029
Table 49 : European Silicone Market, by End Use, Through 2029
Table 50 : Asia-Pacific Silicone Market Volume, by Country, Through 2029
Table 51 : Asia-Pacific Silicone Market, by Country, Through 2029
Table 52 : Asia-Pacific Silicone Market Volume, by Product Form, Through 2029
Table 53 : Asia-Pacific Silicone Market, by Product Form, Through 2029
Table 54 : Asia-Pacific Silicone Market Volume, by End Use, Through 2029
Table 55 : Asia-Pacific Silicone Market, by End Use, Through 2029
Table 56 : Rest of the World Silicone Market Volume, by Sub-Region, Through 2029
Table 57 : Rest of the World Silicone Market, by Sub-Region, Through 2029
Table 58 : Rest of the World Silicone Market Volume, by Product Form, Through 2029
Table 59 : Rest of the World Silicone Market, by Product Form, Through 2029
Table 60 : Rest of the World Silicone Market Volume, by End Use, Through 2029
Table 61 : Rest of the World Silicone Market, by End Use, Through 2029
Table 62 : Business Expansion, 2022 and 2023
Table 63 : Mergers and Acquisitions, 2022 and 2023
Table 64 : Environmental Performance: Assesses a Company's Effect on the Natural Environment
Table 65 : Social Performance: Processes a Company's Impact on Society and Communities.
Table 66 : Governance Performance: Evaluate a Business's Administration and Oversight Practices
Table 67 : Report Information Sources
Table 68 : Abbreviations Used in This Report
Table 69 : Asahi Kasei Advance Corp.: Company Snapshot
Table 70 : Asahi Kasei Advance Corp.: Product Portfolio
Table 71 : BRB International: Company Snapshot
Table 72 : BRB International: Product Portfolio
Table 73 : BRB International: News/Key Developments, 2023
Table 74 : CHT Germany GmbH: Company Snapshot
Table 75 : CHT Germany GmbH: Product Portfolio
Table 76 : CHT Germany GmbH: News/Key Developments, 2022
Table 77 : Dow: Company Snapshot
Table 78 : Dow: Financial Performance, FY 2022 and 2023
Table 79 : Dow: Product Portfolio
Table 80 : Dow: News/Key Developments, 2023
Table 81 : DuPont: Company Snapshot
Table 82 : DuPont: Financial Performance, FY 2022 and 2023
Table 83 : DuPont: Product Portfolio
Table 84 : DuPont: News/Key Developments, 2023
Table 85 : DyStar Singapore Pte. Ltd.: Company Snapshot
Table 86 : DyStar Singapore Pte. Ltd.: Product Portfolio
Table 87 : Elkem ASA: Company Snapshot
Table 88 : Elkem ASA: Financial Performance, FY 2022 and 2023
Table 89 : Elkem ASA: Product Portfolio
Table 90 : Elkem ASA: News/Key Developments, 2022
Table 91 : Evonik Industries AG: Company Snapshot
Table 92 : Evonik Industries AG: Financial Performance, FY 2022 and 2023
Table 93 : Evonik Industries AG: Product Portfolio
Table 94 : Evonik Industries AG: News/Key Developments, 2023
Table 95 : Innospec: Company Snapshot
Table 96 : Innospec: Financial Performance, FY 2022 and 2023
Table 97 : Innospec: Product Portfolio
Table 98 : KCC SILICONE CORP.: Company Snapshot
Table 99 : KCC SILICONE CORP.: Financial Performance, FY 2022 and 2023
Table 100 : KCC SILICONE CORP.: Product Portfolio
Table 101 : KCC SILICONE CORP.: News/Key Developments, 2024
Table 102 : Mitsubishi Shoji Chemical Corp.: Company Snapshot
Table 103 : Mitsubishi Shoji Chemical Corp.: Product Portfolio
Table 104 : Shin-Etsu Chemical Co. Ltd.: Company Snapshot
Table 105 : Shin-Etsu Chemical Co. Ltd.: Financial Performance, FY 2021 and 2022
Table 106 : Shin-Etsu Chemical Co. Ltd.: Product Portfolio
Table 107 : Shin-Etsu Chemical Co. Ltd.: News/Key Developments, 2024
Table 108 : SILCHEM INC.: Company Snapshot
Table 109 : SILCHEM INC.: Product Portfolio
Table 110 : Specialty Silicone Products Inc.: Company Snapshot
Table 111 : Specialty Silicone Products Inc.: Product Portfolio
Table 112 : Specialty Silicone Products Inc.: News/Key Developments, 2023
Table 113 : Wacker Chemie AG: Company Snapshot
Table 114 : Wacker Chemie AG: Financial Performance, FY 2022 and 2023
Table 115 : Wacker Chemie AG: Product Portfolio
Table 116 : Wacker Chemie AG: News/Key Developments, 2023
List of Figures
Summary Figure : Global Silicone Market, by Region, 2023-2029
Figure 1 : Snapshot of the Silicone Market Dynamics
Figure 2 : Global Registrations or Sales of New Vehicles, by Region, 2021-2023
Figure 3 : Patents Related to Silicones, by Year Issued, 2022 and 2023
Figure 4 : Global Silicone Market Share, by Product Form, 2023
Figure 5 : Global Silicone Elastomer Market Share, by Region, 2023
Figure 6 : Global Silicone Fluids Market Share, by Region, 2023
Figure 7 : Global Silicone Resins Market Share, by Region, 2023
Figure 8 : Global Silicone Gel Market Share, by Region, 2023
Figure 9 : Global Silicone Other Forms Market Share, by Region, 2023
Figure 10 : Global Silicone Market Share, by End Use, 2023
Figure 11 : Global Silicone Market Share for Construction, by Region, 2023
Figure 12 : Global Silicone Market Share for Transportation, by Region, 2023
Figure 13 : Global Silicone Market Share for Electronics, by Region, 2023
Figure 14 : Global Silicone Market Share for Personal Care and Consumer Goods, by Region, 2023
Figure 15 : Global Silicone Market Share for Healthcare, by Region, 2023
Figure 16 : Global Silicone Market Share for Industrial Processes, by Region, 2023
Figure 17 : Global Silicone Market Share for Energy, by Region, 2023
Figure 18 : Global Silicone Market Share for Other End Uses, by Region, 2023
Figure 19 : Global Silicone Market Share, by Region, 2023
Figure 20 : North American Silicone Market Share, by Country, 2023
Figure 21 : North American Silicone Market Share, by Product Form, 2023
Figure 22 : North American Silicone Market Share, by End Use, 2023
Figure 23 : European Silicone Market Share, by Country, 2023
Figure 24 : European Silicone Market Share, by Product Form, 2023
Figure 25 : European Silicone Market Share, by End Use, 2023
Figure 26 : Asia-Pacific Silicone Market Share, by Country, 2023
Figure 27 : Asia-Pacific Silicone Market Share, by Product Form, 2023
Figure 28 : Asia-Pacific Silicone Market Share, by End Use, 2023
Figure 29 : Rest of the World Silicone Market Share, by Sub-Region, 2023
Figure 30 : Rest of the World Silicone Market Share, by Product Form, 2023
Figure 31 : Rest of the World Silicone Market Share, by End Use, 2023
Figure 32 : Global Silicone Market Share, by Company, 2023
Figure 33 : ESG Perspective
Figure 34 : Dow: Revenue Share, by Business Unit, FY 2023
Figure 35 : Dow: Revenue Share, by Country/Region, FY 2023
Figure 36 : DuPont: Revenue Share, by Business Unit, FY 2023
Figure 37 : DuPont: Revenue Share, by Country/Region, FY 2023
Figure 38 : Elkem ASA: Revenue Share, by Business Unit, FY 2023
Figure 39 : Elkem ASA: Revenue Share, by Country/Region, FY 2023
Figure 40 : Evonik Industries AG: Revenue Share, by Business Unit, FY 2023
Figure 41 : Evonik Industries AG: Revenue Share, by Country/Region, FY 2023
Figure 42 : Innospec: Revenue Share, by Business Unit, FY 2023
Figure 43 : Innospec: Revenue Share, by Country/Region, FY 2023
Figure 44 : Shin-Etsu Chemical Co. Ltd.: Revenue Share, by Business Unit, FY 2022
Figure 45 : Shin-Etsu Chemical Co. Ltd.: Revenue Share, by Country/Region, FY 2022
Figure 46 : Wacker Chemie AG: Revenue Share, by Business Unit, FY 2023
Figure 47 : Wacker Chemie AG: Revenue Share, by Country/Region, FY 2023
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