Silicone Market by Type (Elastomers, Fluids, Resins, Gels), End-Use Industry (Industrial Process, Building & Construction, Personal Care & Consumer Products, Transportation, Electronics, Medical & Healthcare, Energy), and Region - Global Forecasts to 2022

The global silicone market was valued at USD 13.45 Billion in 2016 and is projected to reach USD 18.87 Billion by 2022, at a CAGR of 5.85% between 2017 and 2022. In this study, 2016 has been considered the base year and 2022 as the forecast year to estimate the silicone market size.

The objectives of the study are:

• To analyze and forecast the global silicone market, in terms of value and volume
• To provide detailed information about the key growth factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
• To analyze and forecast the size of the market on the basis of type and end-use industry
• To estimate and forecast the market size on the basis of five regions, namely, Europe, Asia Pacific, North America, Middle East & Africa, and South America
• To estimate and forecast the silicone market at country-level in each of the regions
• To analyze the market opportunities and competitive landscape of the stakeholders and market leaders
• To analyze the competitive developments such as new product launches & developments, expansions, mergers & acquisitions, and joint ventures & partnerships in the silicone market
• To strategically identify and profile the key market players and analyze their core competencies*

Note: Core competencies* of the companies are determined in terms of their key developments and key strategies adopted by them to sustain their position in the market.

Different secondary sources, such as company websites, encyclopedia, directories, and databases such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource have been used to identify and collect information useful for this extensive, commercial study of the global silicone market. Primary sources, including experts from related industries, have been interviewed to verify and collect critical information and assess prospects of the market. The top-down approach has been implemented to validate the market size in terms of value. With data triangulation procedures and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

To know about the assumptions considered for the study, download the pdf brochure

The silicone market has a diversified and established ecosystem of upstream players, such as raw material suppliers, and downstream stakeholders, such as manufacturers, vendors, end users, and government organizations.

This study answers several questions for stakeholders, primarily, which market segments they should focus upon during the next two to five years to prioritize their efforts and investments. These stakeholders include silicone manufacturers such as Dow Corning (US), Wacker (Germany), Momentive (US), Shin-Etsu (Japan), and Elkem (Norway), Evonik (Germany), KCC Corporation (South Korea), Gelest (US), NuSil Technology (US), and Specialty Silicone Products (US).

Key Target Audience:

• Regional Manufacturers’ Associations and General Silicone and Global Silicones Council
• Raw Material Manufacturers
• Traders, Distributors, and Suppliers of Silicone
• Government and Regional Agencies and Research Organizations

“This study answers several questions for the stakeholders, primarily, which market segments they need to focus on during the next two to five years to prioritize their efforts and investments”

Scope of the Report:

This research report categorizes the global silicone market based on type, end-use industry and region, and forecasts revenue growth and provides an analysis of trends in each of the submarkets.

Based on Type:

• Elastomers
• Fluids
• Resins
• Gels & Other Products

Each type is further described in detail in the report with value and volume forecasts until 2022.

Based on End-use Industry:

• Building & Construction
• Transportation
• Personal Care & Consumer Products
• Industrial Process
• Electronics
• Medical & Healthcare
• Energy
• Others

Each end-use industry segment is further described in detail in the report, with value forecasts until 2022.

Based on Region:

• Asia Pacific
• North America
• Europe
• Middle East & Africa
• South America

Each region is further segmented by key countries, such as China, India, Japan, South Korea, Australia, the US, Mexico, Canada, Germany, the UK, Italy, France, Turkey, Russia, Saudi Arabia, the UAE, Argentina, and Brazil.

Available Customizations: The following customization options are available for the report:

1. Company Information

Analysis and profiles of additional global as well as regional market players (up to three)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in Silicone Market
    4.2 Silicone Market, By Type
    4.3 Silicone Market, By End-Use Industry
    4.4 Asia-Pacific Silicone Market Share, By Country and End-Use Industry
    4.5 Silicone Market Attractiveness

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Efficient and Sustainable Properties of Silicone to Drive Its Demand in Various End-Use Industries
                    5.2.1.2 Growing Demand for Silicones in Emerging Clusters of Asia-Pacific and the Middle East & Africa Region
           5.2.2 Restraints
                    5.2.2.1 Stringent Regulatory Policies for Silicone in Few End-Use Industries
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand in New Applications
           5.2.4 Challenges
                    5.2.4.1 Increasing Raw Material and Energy Prices
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Overview and Trends
           5.4.1 Introduction
           5.4.2 Trends and Forecast of Construction Industry
           5.4.3 Trends and Forecast of Transportation Industry
           5.4.4 Trend of Growth of World GDP, 2016–2022(USD Million)

6 Silicone Market, By Type (Page No. - 43)
    6.1 Introduction
    6.2 Silicone Elastomers
           6.2.1 High Temperature Vulcanized Silicone Elastomers
           6.2.2 Liquid Silicone Rubber
           6.2.3 Room Temperature Vulcanized Silicone Elastomers
    6.3 Silicone Fluids
           6.3.1 Straight Silicone Fluid
           6.3.2 Modified Silicone Fluid
    6.4 Silicone Resins
           6.4.1 Methyl Silicone Resin
           6.4.2 Phenyl Silicone Resin
           6.4.3 Silicone Combination Resin
    6.5 Silicone Gels & Other Products

7 Silicone Market, By End-Use Industry (Page No. - 54)
    7.1 Introduction
    7.2 Industrial Process
    7.3 Building & Construction
    7.4 Personal Care & Consumer Products
    7.5 Transportation
    7.6 Electronics
    7.7 Medical & Healthcare
    7.8 Energy
    7.9 Others

8 Silicone Market, By Region (Page No. - 69)
    8.1 Introduction
    8.2 Asia-Pacific
           8.2.1 China
           8.2.2 Japan
           8.2.3 India
           8.2.4 South Korea
           8.2.5 Australia
           8.2.6 Rest of Asia-Pacific
    8.3 Europe
           8.3.1 Germany
           8.3.2 France
           8.3.3 U.K.
           8.3.4 Italy
           8.3.5 Russia
           8.3.6 Turkey
           8.3.7 Rest of Europe
    8.4 North America
           8.4.1 U.S.
           8.4.2 Canada
           8.4.3 Mexico
    8.5 South America
           8.5.1 Brazil
           8.5.2 Argentina
           8.5.3 Rest of South America
    8.6 Middle East & Africa
           8.6.1 Saudi Arabia
           8.6.2 UAE
           8.6.3 Rest of Middle East & Africa

9 Competitive Landscape (Page No. - 115)
    9.1 Market Share Analysis

10 Company Profiles (Page No. - 116)
(Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships)*
     10.1 DOW Corning
     10.2 Wacker
     10.3 Shin-Etsu
     10.4 Momentive
     10.5 Elkem
     10.6 Gelest
     10.7 KCC Corporation
     10.8 Nusil Technologies (Avantor Performance Materials)
     10.9 Evonik
     10.10 Specialty Silicone Products
*Details on Business Overview, Products Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.
     10.11 Other Key Players
             10.11.1 Kaneka
             10.11.2 Basf
             10.11.3 Arkema
             10.11.4 Siltech Corporation
             10.11.5 ICM Silicone Group
             10.11.6 Emerald Performance Materials
             10.11.7 CSL Silicones
             10.11.8 Primasil Silicones
             10.11.9 Roger Corporation
             10.11.10 Ashland Global Holdings
             10.11.11 Silteq
             10.11.12 Reiss Manufacturing
             10.11.13 Zhejiang Xinan Chemical Industrial Group
             10.11.14 Saint-Gobain.
             10.11.15 Sivance

11 Appendix (Page No. - 152)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available RT Snapshot
     11.6 Related Reports
     11.7 Author Details

List of Tables (109 Tables)

Table 1 Trends and Forecast of Construction Industry Contribution to GDP, By Country, 2014–2021 (USD Billion)
Table 2 Production Number of Motor Vehicles, By Region, 2011–2016
Table 3 Trend of Growth in World GDP Per Capita, 2016–2022 (USD Million)
Table 4 Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 5 Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 6 Silicone Elastomers Market Size, By Region, 2015–2022 (USD Million)
Table 7 Silicone Elastomers Market Size, By Region, 2015–2022 (Kiloton)
Table 8 Silicone Fluids Market Size, By Region, 2015–2022 (USD Million)
Table 9 Silicone Fluids Market Size, By Region, 2015–2022 (Kiloton)
Table 10 Silicone Resins Market Size, By Region, 2015–2022 (USD Million)
Table 11 Silicone Resins Market Size, By Region, 2015–2022 (Kiloton)
Table 12 Silicone Gels & Other Products Market Size, By Region, 2015–2022 (USD Million)
Table 13 Silicone Gels & Other Products Market Size, By Region, 2015–2022 (Kiloton)
Table 14 Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 15 Silicone Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 16 Silicone Market Size in Industrial Process, By Region, 2015–2022 (USD Million)
Table 17 Silicone Market Size in Industrial Process, By Region, 2015–2022 (Kiloton)
Table 18 Silicone Market Size in Building & Construction, By Region, 2015–2022 (USD Million)
Table 19 Silicone Market Size in Building & Construction, By Region, 2015–2022 (Kiloton)
Table 20 Silicone Market Size in Personal Care & Consumer Products, By Region, 2015–2022 (USD Million)
Table 21 Silicone Market Size in Personal Care & Consumer Products, By Region, 2015–2022 (Kiloton)
Table 22 Silicone Market Size in Transportation, By Region, 2015–2022 (USD Million)
Table 23 Silicone Market Size in Transportation, By Region, 2015–2022 (Kiloton)
Table 24 Silicone Market Size in Electronics, By Region, 2015–2022 (USD Million)
Table 25 Silicone Market Size in Electronics, By Region, 2015–2022 (Kiloton)
Table 26 Silicone Market Size in Medical & Healthcare, By Region, 2015–2022 (USD Million)
Table 27 Silicone Market Size in Medical & Healthcare, By Region, 2015–2022 (Kiloton)
Table 28 Silicone Market Size in Energy, By Region, 2015–2022 (USD Million)
Table 29 Silicone Market Size in Energy, By Region, 2015–2022 (Kiloton)
Table 30 Silicone Market Size in Other End-Use Industries, By Region, 2015–2022 (USD Million)
Table 31 Silicone Market Size in Other End-Use Industries, By Region, 2015–2022 (Kiloton)
Table 32 Silicone Market Size, By Region, 2015–2022 (USD Million)
Table 33 Silicone Market Size, By Region, 2015–2022 (Kiloton)
Table 34 Asia-Pacific: Silicone Market Size, By Country, 2015–2022 (USD Million)
Table 35 Asia-Pacific: Silicone Market Size, By Country, 2015–2022 (Kiloton)
Table 36 China: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 37 China: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 38 China: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 39 Japan: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 40 Japan: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 41 Japan: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 42 India: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 43 India: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 44 India: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 45 South Korea: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 46 South Korea: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 47 South Korea: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 48 Australia: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 49 Australia: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 50 Australia: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 51 Rest of Asia-Pacific: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 52 Rest of Asia-Pacific: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 53 Rest of Asia-Pacific: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 54 Europe: Silicone Market Size, By Country, 2015–2022 (USD Million)
Table 55 Europe: Silicone Market Size, By Country, 2015–2022 (Kiloton)
Table 56 Germany: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 57 Germany: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 58 Germany: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 59 France: Silicone Market Size, By Type, 2014–2021 (USD Million)
Table 60 France: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 61 France: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 62 U.K.: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 63 U.K.: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 64 U.K.: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 65 Italy: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 66 Italy: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 67 Italy: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 68 Russia: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 69 Russia: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 70 Russia: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 71 Turkey: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 72 Turkey: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 73 Turkey.: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 74 Rest of Europe: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 75 Rest of Europe: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 76 Rest of Europe: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 77 North America: Silicone Market Size, By Country, 2015–2022 (USD Million)
Table 78 North America: Silicone Market Size, By Country, 2015–2022(Kiloton)
Table 79 U.S.: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 80 U.S.: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 81 U.S.: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 82 Canada: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 83 Canada: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 84 Canada: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 85 Mexico: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 86 Mexico: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 87 Mexico: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 88 South America: Silicone Market Size, By Country, 2015–2022 (USD Million)
Table 89 South America: Silicone Market Size, By Country, 2015–2022 (Kiloton)
Table 90 Brazil: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 91 Brazil: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 92 Brazil: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 93 Argentina: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 94 Argentina: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 95 Argentina: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 96 Rest of South America: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 97 Rest of South America: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 98 Rest of South America: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 99 Middle East & Africa: Silicone Market Size, By Country, 2015–2022 (USD Million)
Table 100 Middle East & Africa: Silicone Market Size, By Country, 2015–2022 (Kiloton)
Table 101 Saudi Arabia: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 102 Saudi Arabia: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 103 Saudi Arabia.: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 104 UAE: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 105 UAE: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 106 UAE: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 107 Rest of Middle East & Africa: Silicone Market Size, By Type, 2015–2022 (USD Million)
Table 108 Rest of Middle East & Africa: Silicone Market Size, By Type, 2015–2022 (Kiloton)
Table 109 Rest of Middle East & Africa: Silicone Market Size, By End-Use Industry, 2015–2022 (USD Million)

List of Figures (41 Figures)

Figure 1 Silicone: Market Segmentation
Figure 2 Silicone Market: Research Design
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Silicone Market: Data Triangulation
Figure 6 Silicone Elastomers Dominated the Silicone Market in 2016
Figure 7 Industrial Process Segment to Dominate Silicone Market During Forecast Period
Figure 8 Asia-Pacific Dominated Silicone Market in 2016
Figure 9 Silicone Market to Witness High Growth During Forecast Period
Figure 10 Silicone Elastomers to Be the Fastest-Growing Type of Silicone
Figure 11 Electronics to Be the Fastest-Growing End-Use Industry of Silicone
Figure 12 China Accounted for the Largest Share of Asia-Pacific Silicone Market in 2016
Figure 13 China to Emerge as the Most Lucrative Silicone Market in Terms of Volume Between 2017 and 2022
Figure 14 Drivers, Restraints, Opportunities, and Challenges in the Silicone Market
Figure 15 Porter’s Five Forces Analysis
Figure 16 Silicone Elastomers to Lead the Market Between 2017 and 2022
Figure 17 Asia-Pacific to Lead the Silicone Elastomers Market Between 2017 and 2022
Figure 18 Asia-Pacific to Be the Largest Silicone Fluids Market Between 2017 and 2022
Figure 19 Asia-Pacific to Lead the Silicone Resins Market Between 2017 and 2022
Figure 20 Asia-Pacific to Lead the Silicone Gels & Other Products Market Between 2017 and 2022
Figure 21 Electronics to Be the Fastest-Growing End-Use Industry Between 2017 and 2022)
Figure 22 Asia-Pacific to Be the Largest Market in Industrial Process End-Use Industry Between 2017 and 2022
Figure 23 Asia-Pacific to Lead the Market in Building & Construction End-Use Industry Between 2017 and 2022
Figure 24 Asia-Pacific to Lead the Market in Personal Care & Consumer Products End-Use Industry Between 2017 and 2022
Figure 25 Asia-Pacific to Be the Largest Market in Transportation End-Use Industry Between 2017 and 2022
Figure 26 Asia-Pacific to Be the Largest Market in Electronics End-Use Industry Between 2017 and 2022
Figure 27 North America to Be the Largest Market in Medical & Healthcare End-Use Industry Between 2017 and 2022
Figure 28 Asia-Pacific to Be the Largest Market in Energy End-Use Industry Between 2017 and 2022
Figure 29 Asia-Pacific to Be the Largest Market in Other End-Use Industries Between 2017 and 2022
Figure 30 Regional Snapshot: China and India to Be Strategic Destinations for Silicone Market (2017-2022) By Value
Figure 31 Asia-Pacific Market Snapshot: China is the Largest and Fastest-Growing Market, 2017–2022
Figure 32 Europe Market Snapshot: Germany to Lead Silicone Market, 2017–2022
Figure 33 North America Market Snapshot: U.S. to Be the Fastest-Growing Silicone Market
Figure 34 South America Market Snapshot: Brazil to Be the Fastest-Growing Market, 2017–2022
Figure 35 Middle East & Africa Market Snapshot (2017-2022)
Figure 36 Market Share of Key Players, 2016
Figure 37 Wacker: Company Snapshot
Figure 38 Shin-Etsu.: Company Snapshot
Figure 39 Momentive: Company Snapshot
Figure 40 Elkem: Company Snapshot
Figure 41 Evonik: Company Snapshot

The global silicone market is estimated at USD 14.20 Billion in 2017 and is projected to reach USD 18.87 Billion by 2022, at a CAGR of 5.85% between 2017 and 2022. The market is witnessing growth due to the efficient and sustainable properties of silicone which makes it suitable for use in various end-use industries and growing demand for silicone in emerging clusters of Asia Pacific and the Middle East & Africa regions.

Based on type, silicone elastomers was the largest segment of the global silicone market, in 2016. Elastomers are used extensively in end-use industries such as electronics, automotive, personal care, and medical. Silicone elastomers are corrosion and chemical resistant and are used widely in automotive and consumer goods industries. Properties such as biocompatibility, durability, and extreme temperature resistance make silicone elastomers suitable for medical and surgical applications as well. Silicone elastomers are also used extensively in the electronic industry because of their superior electric properties. Thus, the increasing demand for elastomers from the above mentioned end-use industries is expected to drive the silicone elastomers market globally.

Based on end-use industry, industrial processes was the largest end-use industry segment of the silicone market in 2016. Increasing industrialization has led to a rise in industrial activities, subsequently leading to a growth in the demand for silicone for RTV adhesives and as anti-foaming agents in many industrial processes. This is expected to drive the market for industrial processes industry globally.

Asia Pacific was the largest market for silicone in 2016. The region’s flourishing manufacturing sector, ample availability of labor, competitive cost base, and increasing consumer demand are expected to drive the market for silicone across the region. Furthermore, the influence of macroeconomic stimuli such as population growth, rise in disposable income, and most importantly the increasing investment for building & construction activities in Southeast Asian countries is also expected to make the region one of the most promising markets for silicone.

The global silicone market is witnessing moderate growth. Factors restraining and challenging the growth of the silicone market are the stringent regulatory policies for silicone in some end-use industries and increasing raw material and energy prices.

Dow Corning (US), Wacker (Germany), Momentive (US), Shin-Etsu (Japan), and Elkem (Norway) lead the global silicone market. These players are gaining a strong foothold in the market through their strategies of new product launches and developments and expansion of manufacturing facilities.

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