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PlasticSilicone

PUBLISHER: Grand View Research | PRODUCT CODE: 1404971

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PUBLISHER: Grand View Research | PRODUCT CODE: 1404971

Silicone Market Size, Share & Trends Analysis Report By Product (Fluids, Gels, Resins, Elastomers), By End-use (Electronics, Transportation, Construction, Healthcare, Industrial Processes, Energy), By Region, And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Silicone Market Growth & Trends:

The global silicone market size is anticipated to reach USD 32.26 billion by 2030, according to a new report by Grand View Research, Inc., advancing at a CAGR of 6.0% from 2024 to 2030. The industry is expected to grow on the account of the increasing product demand from various end-use industries. The electronics end-use segment is expected to register the fastest CAGR over the projected period. In the electronics industry, silicone is used in the form of greases, fluids, varnishes, rubbers, and oil in a broad range of applications, such as for moisture-proofing of boards, modification of semiconductor encapsulating materials, and protecting the ends of heating element wires in Printed Circuit Boards (PCBs), semi-conductors, and Electronic Control Units (ECUs), LED devices, and various ICT equipment. This is attributed to substantial growth in the future.

Major players are involved in mergers and acquisition activities to gain higher market shares. For instance, in November 2021, Momentive Performance Materials, Inc. announced the acquisition of KCC Corp.'s silicone business in the U.K. and South Korea. In addition, Momentive has acquired KCC's sales operations in China as well, further boosting Momentive's global footprint in specialized applications and advanced silicones. Moreover, silicones are biologically inert and are known for bio durability and biocompatibility owing to their inherent thermal and chemical stability, hydrophobicity, low surface tension, and resistance to sterilization methods. These favorable properties make them ideal for a wide range of healthcare applications. Silicones are used in catheters, drains and shunts, orthopedics, blood-oxygenator, heart-bypass machines, heart valves, components in kidney dialysis, and aesthetic implants, among others.

The rising disposable income of consumers and the growing aging population, coupled with an increasing number of initiatives by governments across the globe, particularly in emerging economies including China and India, to provide basic healthcare facilities are expected to augment the product demand. The rising number of accidents is expected to drive the demand for bandages and cosmetic surgeries, which, in turn, is likely to have a positive impact on segment growth. Major players are involved in expansion activities for silicone that provides improved features. For instance, in March 2022, Wacker Chemie AG announced a new production site for silicone in Panagarh, India. The facility will manufacture silicone rubber and ready-to-use silicone compounds for electrical transmission & distribution, electromobility, and medical technology.

Silicone Market Report Highlights:

  • North America is one of the leading markets for silicone additives owing to its high demand in plastics and composites, manufacturing chemicals, paints and coatings, and food and beverages.
  • The elastomers segment accounted for a more than 41.0% share of the global industry in 2023 and is estimated to maintain its leading position over the forecast period
  • This can be attributed to the rising demand for lightweight automobile vehicles
  • Fluids are one of the largest product segments and are likely to expand at a significant CAGR over the forecast period
  • This is owing to the properties of fluid silicone products, such as low surface tension, shear stability, and excellent thermos-oxidative resistance
  • Fluctuating raw material prices of methanol are expected to pose a challenge for the industry players to achieve economies of scale and profitability
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Product Code: GVR-1-68038-063-7

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Products & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization

Chapter 2. Executive Summary

  • 2.1. Market Snapshot, 2023 (USD Million)
  • 2.2. Segmental Snapshot, 2023
  • 2.3. Competitive Snapshot

Chapter 3. Market Variables, Trends, and Scope

  • 3.1. Market Lineage Outlook
    • 3.1.1. Global Silicone Market Lineage Outlook
    • 3.1.2. Global Plastic Market Lineage Outlook
  • 3.2. Industry Value Chain Analysis
    • 3.2.1. Raw Material Trend Analysis
  • 3.3. Technology Overview
    • 3.3.1. Manufacturing Technology
  • 3.4. Regulatory Framework
    • 3.4.1. Standard & Compliances
    • 3.4.2. Safety
  • 3.5. Market Dynamics
    • 3.5.1. Market Driver Analysis
    • 3.5.2. Market Restraint Analysis
    • 3.5.3. Market Challenge Analysis
    • 3.5.4. Market Opportunity Analysis
  • 3.6. Industry Analysis - Silicone market
    • 3.6.1. Porter's Five Force Analysis
      • 3.6.1.1. Bargaining Power of Supplier
      • 3.6.1.2. Bargaining Power of Buyer
      • 3.6.1.3. Threat of Substitution
      • 3.6.1.4. Threat from New Entrant
      • 3.6.1.5. Competitive Rivalry
    • 3.6.2. Macroeconomic Analysis
      • 3.6.2.1. Political Analysis
      • 3.6.2.2. Environmental Analysis
      • 3.6.2.3. Social Analysis
      • 3.6.2.4. Technology Analysis
      • 3.6.2.5. Economic Analysis
      • 3.6.2.6. Legal Analysis
    • 3.6.3. Impact of Russia & Ukraine geopolitical implications on Silicone market
    • 3.6.4. Impact of COVID-19 on Silicone market

Chapter 4. Silicone market: Product Estimates & Trend Analysis

  • 4.1. Product movement analysis & market share, 2023 & 2030
  • 4.2. Fluids
    • 4.2.1. Silicone market, estimate and forecasts, by Fluids, 2018 - 2030 (Kilotons) (USD Million)
  • 4.3. Gels
    • 4.3.1. Silicone market, estimate and forecasts, by Gels, 2018 - 2030 (Kilotons) (USD Million)
  • 4.4. Resins
    • 4.4.1. Silicone market, estimate and forecasts, by resins, 2018 - 2030 (Kilotons) (USD Million)
  • 4.5. Elastomers
    • 4.5.1. Silicone market, estimate and forecasts, by Elastomers, 2018 - 2030 (Kilotons) (USD Million)
  • 4.6. Others
    • 4.6.1. Silicone market, estimate and forecasts, by others, 2018 - 2030 (Kilotons) (USD Million)

Chapter 5. Silicone market: End-use Estimates & Trend Analysis

  • 5.1. End-use movement analysis & market share, 2023 & 2030
  • 5.2. Electronics
    • 5.2.1. Silicone market, estimate and forecasts, by Electronics, 2018 - 2030 (Kilotons) (USD Million)
  • 5.3. Transportation
    • 5.3.1. Silicone market, estimate and forecasts, by Transportation, 2018 - 2030 (Kilotons) (USD Million)
  • 5.4. Construction
    • 5.4.1. Silicone market, estimate and forecasts, by Construction, 2018 - 2030 (Kilotons) (USD Million)
  • 5.5. Healthcare
    • 5.5.1. Silicone market, estimate and forecasts, by Healthcare, 2018 - 2030 (Kilotons) (USD Million)
  • 5.6. Personal care and Consumer goods
    • 5.6.1. Silicone market, estimate and forecasts, by Personal care and Consumer goods, 2018 - 2030 (Kilotons) (USD Million)
  • 5.7. Energy
    • 5.7.1. Silicone market, estimate and forecasts, by Energy, 2018 - 2030 (Kilotons) (USD Million)
  • 5.8. Industrial processes
    • 5.8.1. Silicone market, estimate and forecasts, by Industrial processes, 2018 - 2030 (Kilotons) (USD Million)
  • 5.9. Others
    • 5.9.1. Silicone market, estimate and forecasts, by others, 2018 - 2030 (Kilotons) (USD Million)

Chapter 6. Silicone market: Regional Estimates & Trend Analysis

  • 6.1. Regional movement analysis & market share, 2022 and 2030
  • 6.2. North America
    • 6.2.1. North America Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.2.2. North America Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
    • 6.2.3. North America Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.2.3.1. U.S.
      • 6.2.3.1.1. U.S. Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.2.3.1.2. U.S. Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.2.3.1.3. U.S. Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.2.3.2. Canada
      • 6.2.3.2.1. Canada Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.2.3.2.2. Canada Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.2.3.2.3. Canada Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.2.3.3. Mexico
      • 6.2.3.3.1. Mexico Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.2.3.3.2. Mexico Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.2.3.3.3. Mexico Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
  • 6.3. Europe
    • 6.3.1. Europe Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.2. Europe Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
    • 6.3.3. Europe Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.1. Germany
      • 6.3.3.1.1. Germany Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.1.2. Germany Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.1.3. Germany Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.2. UK
      • 6.3.3.2.1. UK Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.2.2. UK Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.2.3. UK Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.3. France
      • 6.3.3.3.1. France Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.3.2. France Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.3.3. France Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.4. Italy
      • 6.3.3.4.1. Italy Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.4.2. Italy Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.4.3. Italy Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.5. Netherlands
      • 6.3.3.5.1. Netherlands Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.5.2. Netherlands Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.5.3. Netherlands Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.6. Spain
      • 6.3.3.6.1. Spain Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.6.2. Spain Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.3.3.6.3. Spain Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
  • 6.4. Asia Pacific
    • 6.4.1. Asia Pacific Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.2. Asia Pacific Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
    • 6.4.3. Asia Pacific Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.1. China
      • 6.4.3.1.1. China Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.1.2. China Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.1.3. China Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.2. India
      • 6.4.3.2.1. India Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.2.2. India Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.2.3. India Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.3. Japan
      • 6.4.3.3.1. Japan Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.3.2. Japan Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.3.3. Japan Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.4. South Korea
      • 6.4.3.4.1. South Korea Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.4.2. South Korea Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.4.3. South Korea Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.5. Australia
      • 6.4.3.5.1. Australia Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.5.2. Australia Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.5.3. Australia Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.6. Indonesia
      • 6.4.3.6.1. Indonesia Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.6.2. Indonesia Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.6.3. Indonesia Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.7. Thailand
      • 6.4.3.7.1. Thailand Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.7.2. Thailand Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.7.3. Thailand Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.8. Vietnam
      • 6.4.3.8.1. Vietnam Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.8.2. Vietnam Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.4.3.8.3. Vietnam Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
  • 6.5. Central & South America
    • 6.5.1. Central & South America Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.5.2. Central & South America Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
    • 6.5.3. Central & South America Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.5.3.1. Brazil
      • 6.5.3.1.1. Brazil Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.5.3.1.2. Brazil Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.5.3.1.3. Brazil Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.5.3.2. Argentina
      • 6.5.3.2.1. Argentina Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.5.3.2.2. Argentina Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.5.3.2.3. Argentina Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
  • 6.6. Middle East & Africa
    • 6.6.1. Middle East & Africa Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    • 6.6.2. Middle East & Africa Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
    • 6.6.3. Middle East & Africa Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.6.3.1. Saudi Arabia
      • 6.6.3.1.1. Saudi Arabia Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.6.3.1.2. Saudi Arabia Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.6.3.1.3. Saudi Arabia Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.6.3.2. United Arab Emirates (UAE)
      • 6.6.3.2.1. UAE Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.6.3.2.2. UAE Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.6.3.2.3. UAE Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)
      • 6.6.3.3. South Africa
      • 6.6.3.3.1. South Africa Silicone market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
      • 6.6.3.3.2. South Africa Silicone market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
      • 6.6.3.3.3. South Africa Silicone market estimates and forecasts, by End-use, 2018 - 2030 (Kilotons) (USD Million)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments & Their Impact Analysis, by Key Market Participants
  • 7.2. Key Company/Competition Categorization
  • 7.3. Participant's Overview
    • 7.3.1. Elkay Chemicals Pvt. Ltd.
    • 7.3.2. Supreme Silicones
    • 7.3.3. Shin-Etsu Chemical Co., Ltd.
    • 7.3.4. Silchem Inc.
    • 7.3.5. Silteq Ltd
    • 7.3.6. Amul Polymers
    • 7.3.7. Wacker Chemie AG
    • 7.3.8. Specialty Silicone Products, Inc.
    • 7.3.9. Illinois Tool Works Inc.
    • 7.3.10. Evonik Industries AG
    • 7.3.11. Hutchinson
    • 7.3.12. Kemira Oyj
    • 7.3.13. Dow Inc.
    • 7.3.14. Nano Tech Chemical Brothers Private Limited
    • 7.3.15. Elkem ASA
  • 7.4. Financial Product
  • 7.5. Product Benchmarking
  • 7.6. Company Heat Map Analysis
  • 7.7. Company Market Share Analysis, 2023
  • 7.8. Strategy Mapping
  • 7.9. Strategic Framework
    • 7.9.1. Expansion
    • 7.9.2. Mergers & Acquisitions
    • 7.9.3. Collaborations
    • 7.9.4. New Facility/Product Launches
    • 7.9.5. Others
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Product Code: GVR-1-68038-063-7

List of Tables

  • 1. Silicone market Revenue Estimates and Forecast, by Product, 2018 - 2030 (Kilotons)
  • 2. Silicone market Revenue Estimates and Forecast, by Product, 2018 - 2030 (USD Million)
  • 3. Silicone market Revenue Estimates and Forecast, by End-use, 2018 - 2030 (Kilotons)
  • 4. Silicone market Revenue Estimates and Forecast, by End-use, 2018 - 2030 (USD Million)
  • 5. Recent Developments & Their Impact Analysis, by Key Market Participants
  • 6. Key companies undergoing expansions
  • 7. Key companies carrying out new facility/product launches
  • 8. Key companies undertaking others

List of Figures

  • 1. Silicone market Segmentation
  • 2. Information Procurement
  • 3. Primary Research Pattern
  • 4. Primary Research Process
  • 5. Market research approaches - Bottom-up Approach
  • 6. Market research approaches - Top-down Approach
  • 7. Market research approaches - Combined Approach

8. Global Silicone market - Market Outlook (USD Million)

9. Global Silicone market - Segment Outlook (USD Million)

10. Global Silicone market - Competitive Outlook (USD Million)

  • 11. Silicone market, 2023 (USD Million)
  • 12. Silicone market - Value Chain Analysis
  • 13. Silicone market - Market Dynamics
  • 14. Silicone market - Porter's Five Force Analysis
  • 15. Silicone market - Microeconomic Analysis
  • 16. Silicone market, by Product: Key Takeaways
  • 17. Silicone market, by Product: Market Share by Volume, 2023 & 2030
  • 18. Silicone market, by Product: Market Share by Value, 2023 & 2030
  • 19. Silicone market, by End-use: Key Takeaways
  • 20. Silicone market, by End-use: Market Share by Volume, 2023 & 2030
  • 21. Silicone market, by End-use: Market Share by Value, 2023 & 2030
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