Silicone Resin Market Report: Trends, Forecast and Competitive Analysis to 2030

Silicone Resin Trends and Forecast

The future of the global silicone resin market looks promising with opportunities in the paint & coating, adhesive & sealant and elastomer markets. The global silicone resin market is expected to reach an estimated $6.8 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing demand within the paints and coatings sector, rising adoption of hybrid resins in the reinforcements of buildings, and extensive utilization within the electronics and electrical industry.

A more than 150-page report is developed to help in your business decisions.

Silicone Resin by Segment

The study includes a forecast for the global silicone resin by type, application, end use, and region.

Silicone Resin Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Methyl Silicone Resins
• Methylphenyl Silicone Resins
• Others

Silicone Resin Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Paints & Coatings
• Adhesives & Sealants
• Elastomers
• Others

Silicone Resin Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive & Transportation
• Building & Construction
• Electrical & Electronics
• Healthcare
• Industrial
• Others

Silicone Resin Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Silicone Resin Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies silicone resin companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the silicone resin companies profiled in this report include-

• The Dow Chemical Company
• Evonik Industry
• Shin-Etsu Chemical
• Kaneka Corporation
• Wacker Chemie

Silicone Resin Market Insights

Lucintel forecasts that methyl silicone resin will remain the larger segment over the forecast period as the building and automotive industries have experienced a significant surge in demand for methyl silicone resins.

Within this market, paint and coating will remain the largest segment due to growing demand for silicone resins in the industrial, automotive, and construction sectors.

APAC will remain the largest region over the forecast period due to rapid industrialization, growing construction industry, and elevated foreign capital investments in the region.

Features of the Global Silicone Resin Market

Market Size Estimates: Silicone resin market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Silicone resin market size by type, application, end use, and region in terms of value ($B).

Regional Analysis: Silicone resin market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the silicone resin market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the silicone resin market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the silicone resin market size?

Answer: The global silicone resin market is expected to reach an estimated $6.8 billion by 2030.

Q2. What is the growth forecast for silicone resin market?

Answer: The global silicone resin market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the silicone resin market?

Answer: The major drivers for this market are growing demand within the paints and coatings sector, rising adoption of hybrid resins in the reinforcements of buildings, and extensive utilization within the electronics and electrical industry.

Q4. What are the major segments for silicone resin market?

Answer: The future of the silicone resin market looks promising with opportunities in the paint & coating, adhesive & sealant and elastomer markets.

Q5. Who are the key silicone resin market companies?

Answer: Some of the key silicone resin companies are as follows.

• The Dow Chemical Company
• Evonik Industry
• Shin-Etsu Chemical
• Kaneka Corporation
• Wacker Chemie

Q6. Which silicone resin market segment will be the largest in future?

Answer: Lucintel forecasts that methyl silicone resin will remain the larger segment over the forecast period as the building and automotive industries have experienced a significant surge in demand for methyl silicone resins.

Q7. In silicone resin market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rapid industrialization, growing construction industry, and elevated foreign capital investments in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the silicone resin market by type (methyl silicone resins, methylphenyl silicone resins, and others), application (paints & coatings, adhesives & sealants, elastomers, and others), end use (automotive & transportation, building & construction, electrical & electronics, healthcare, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?