Silicone Market

Silicone Market by Type (Elastomers, Fluids, Resins, Gels), End-use Industry (Industrial Process, Building & Construction, Personal Care & Consumer Products, Transportation, Electronics, Medical & Healthcare, Energy), Region - Global Forecast to 2026

Report Code: CH 1170 May, 2021, by marketsandmarkets.com

[212 Pages Report] The global silicone market size is projected to grow from USD 16.7 billion in 2021 to USD 23.4 billion by 2026, at a CAGR of 7.0% from 2021 to 2026. The silicone industry is driven mainly by its growing demand in various end-use industries, such as building & construction, industrial process, personal care & consumer goods, transportation, and electronics.

Silicone Market

To know about the assumptions considered for the study, Request for Free Sample Report

Silicone Market

COVID-19 impact on the global silicone market

The global silicone market includes major Tier I and II suppliers like The Dow Chemical Company (US), Wacker Chemie AG(Germany), Shin-Etsu Chemical Co. Ltd., (Japan), Elkem ASA (Norway), Momentive (US), KCC Corporation (South Korea). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted their businesses as well.

These players have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for silicone is expected to decline in 2020. Manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from tier 1 manufacturers.

Silicone Market Dynamics

Driver: Superior properties of silicone

Silicones are one of the most versatile products used in a wide range of industries. They have unique properties such as durability, dielectricity, adhesion, foam control, discharge safety, UV stability, glossiness, transparency, radiation resistance, hydrophobicity, heat resistance, and flexibility, which enable them to be used in myriad forms and applications. This durable and highly resistant material is best suited for use in temperatures higher than 100°C (the limit of most other rubbers). Silicone rubber is non-toxic and used where food quality is required. The superior properties of silicone also make it useful for seals and gaskets that need to be steamed or sterilized. Owing to its excellent electrical resistance, it is also used in the electrical & electronics industry.

Restraint: Stringent regulatory policies for silicone

Most silicone products do not have any restrictions. However, the use of a few silicone products, especially in the personal care & consumer products and medical & healthcare industries, is regulated by certain regulatory authorities in some countries. For example, the UK Competent Authorities and the European Chemicals Agency (ECHA) limit the use of two silicone products, namely, cyclosiloxanes D4 and D5, which are used in the personal care industry. These substances are likely to be restricted to a concentration of 0.1% by weight in personal care products. Apart from the UK, their use is also restricted in Canada and the US.

In the medical & healthcare industry, silicones are considered of medical-grade only when they are USP Class V and VI approved. All medical grade silicones must be approved by the regulatory bodies before they are commercialized. A few regulations that companies have to comply with while manufacturing silicone rubber for the medical industry in the US are the Restriction of Use of Hazardous Substances (RoHS), the Dodd-Frank Act, and the US government’s International Traffic in Arms Regulations (ITAR). All these regulations and their approval process are time-consuming, which, therefore, restrains the growth of the silicones market in these industries.

Opportunity: Development of antimicrobial silicone elastomers for the healthcare industry

Medical-grade silicone elastomers are tested for biocompatibility and are suitable for the healthcare industry. Owing to their low toxicity, silicone elastomers used for medical applications present a low risk of unfavourable biological reactions and have, thus, gained acceptance in food and medical applications. However, bacteria and other microorganisms can affect silicone elastomer properties. Biocides are used to fight these microorganisms and prevent the build-up of harmful bacteria that increase the risk of contamination or transmission of infections in humans.

Despite all the preventive measures undertaken, the incidence of hospital-acquired infections (HAIs) is increasing globally, thereby driving the need for better preventative techniques and technologies to reduce the infection rates. In the US, hospitals are compelled to bear the costs of treating HAIs because of the changing health insurance policies. Therefore, manufacturers of medical devices are seeking newer technologies to help reduce the growth of microorganisms on their devices. For this purpose, additives known as antimicrobials or biocides are being used. Antimicrobial silicone elastomers are used for enhancing the performance of end products by reducing microbial contamination of elastomers. The growth of microbes can harm the end products and can cause foul smell, discoloration, and formation of fungus in many medical device applications such as wound drains and catheters. Antimicrobial silicone elastomer controls the growth of microbes in or on the human body. Therefore, the development of these elastomers is expected to provide new growth opportunities to the market.

Challenge: Fluctuating raw material prices

The key challenge in the global silicone market is a continuous fluctuation of raw material and energy prices. The sharp increase in prices of raw materials, such as methyl chloride and silicon metal, from 2016 to 2018 indirectly reduces the profit margins of silicone producers. This subsequently leads to an increase in the price of the overall silicone products. The rising raw material costs are expected to have a negative impact on the global silicone market. Silicone producers continuously face high and volatile feedstock costs and are expected to pass on the price rise to the end-users. For example, the major players in the silicone market, such as Wacker and Elkem, recently increased the prices of their silicone products to adjust for the high raw material and energy costs. Thus, continuously fluctuating raw materials and energy prices have become a major challenge for producers in the silicone industry.

The industrial process end-use industry is expected to account for the largest silicone market share during the forecast period.

The industrial process segment is expected to hold the largest market share during the forecast period. It is growing rapidly due to the increasing demand for silicone materials in applications, such as lubricants, anti-foaming agents in offshore drilling, paper production, industrial coatings, and paint additives. Silicone-based sealants are used in demanding industrial processes requiring resistance to high pressure, temperature and corrosion, and adaptation to all types of surfaces. Not only are they used as polymers, but they can also be added to polymers from other materials to improve their performance. Silicones also provide higher durability and resistance in industrial coatings as well as improved performance of lubricants.

By type, the elastomers segment is expected to be the largest contributor in the silicone market during the forecast period.

Based on type, the silicone elastomers segment is likely to account for the largest share of the market during the forecast period. The growth in this segment is attributed to the increasing use in various products, including voltage line insulators, cooking, baking, and food storage products; undergarments, sportswear, and footwear; electronics; medical devices, and implants; and in household gaskets and O-rings. Some silicone elastomers are also used in the manufacturing of sealants. Their physiological inertness makes them suitable for use in the healthcare industry, especially for blood transfusions and in artificial heart valves & various prosthetic devices. 

APAC region to lead the global silicone sand market by 2026.

APAC is estimated to be the leading silicone market during the forecast period. The market growth in this region can be attributed to the rapidly increasing demand for silicone from the end-use industries, especially electronics, building & construction, personal care & consumer products, and transportation.  Moreover, several silicone manufacturers, such as Wacker Chemie AG (Germany) and Shin-Etsu Chemical Co. Ltd., (Japan) are setting up or expanding their manufacturing facilities in this region to leverage low manufacturing and labour costs and high demand from the end-use industries, thereby boosting the silicone market growth in the region.

Silicone Market by Region

Key Market Players

Key manufacturers in the silicone market are The Dow Chemical Company (US), Wacker Chemie AG(Germany), Shin-Etsu Chemical Co. Ltd., (Japan), Elkem ASA (Norway), Momentive (US), KCC Corporation (South Korea), Evonik Industries AG (Germany), Gelest Inc. (US), and Innospec Inc. (US), among others.

Scope of the report

Report Metric

Details

Market size available for years

2019–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD Million) and Volume (Thousand Tons)

Segments covered

Type, End-Use Industry, and Region

Geographies covered

North America, APAC, Europe, MEA, and South America

Companies covered

The Dow Chemical Company (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Momentive Performance Materials Inc. (US), and Elkem ASA (Norway), among others.
20 manufacturers are covered in the silicone market.

This research report categorizes the silicone market based on type, end-use industry, and region.

Based on Type:

  • Elastomers
  • Fluids
  • Resins
  • Gels & Other Products

Based on End-Use Industry:

  • Industrial Process
  • Building & Construction
  • Transportation
  • Personal Care & Consumer Products
  • Medical & Healthcare
  • Electronics
  • Energy
  • Others (agriculture, packaging, textile, sporting goods, and aquaculture)

Based on the region:

  • North America
  • Europe
  • APAC
  • MEA
  • South America

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE
           1.3.1 SILICONE MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 33)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Critical secondary inputs
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Critical primary inputs
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
    2.2 BASE NUMBER CALCULATION APPROACH
           2.2.1 ESTIMATION OF SILICONE MARKET SIZE BASED ON MARKET SHARE ANALYSIS
                    FIGURE 1 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
                    FIGURE 2 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
    2.3 MARKET SIZE ESTIMATION
           2.3.1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION
           FIGURE 3 SILICONE MARKET: DATA TRIANGULATION
    2.5 ASSUMPTIONS
           2.5.1 GROWTH RATE ASSUMPTIONS
    2.6 LIMITATIONS
    2.7 FACTOR ANALYSIS IMPACTING GROWTH

3 EXECUTIVE SUMMARY (Page No. - 42)
    FIGURE 4 ELASTOMERS SEGMENT LED THE SILICONE MARKET IN 2020
    FIGURE 5 INDUSTRIAL PROCESS END-USE INDUSTRY IS THE LARGEST FOR SILICONES
    FIGURE 6 ASIA PACIFIC LED THE SILICONE MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE SILICONE MARKET
           FIGURE 7 INDUSTRIAL PROCESS END-USE INDUSTRY TO DRIVE THE DEMAND FOR SILICONES DURING THE FORECAST PERIOD
    4.2 SILICONE MARKET, BY REGION
           FIGURE 8 ASIA PACIFIC TO BE THE LARGEST MARKET BETWEEN 2021 AND 2026
    4.3 ASIA PACIFIC: SILICONE MARKET, BY COUNTRY AND END-USE INDUSTRY, 2020
           FIGURE 9 CHINA AND INDUSTRIAL PROCESS END-USE INDUSTRY ACCOUNTED FOR THE LARGEST SHARES
    4.4 SILICONE MARKET: BY MAJOR COUNTRY
           FIGURE 10 CHINA TO BE THE FASTEST-GROWING MARKET BETWEEN 2021 AND 2026

5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION
    5.2 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 11 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.3 MARKET DYNAMICS
           FIGURE 12 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES  IN THE SILICONE MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Superior properties of silicone
                    5.3.1.2 High demand for silicone in the electronics industry
           5.3.2 RESTRAINTS
                    5.3.2.1 Stringent regulatory policies for silicone
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Development of antimicrobial silicone elastomers for the healthcare industry
                    5.3.3.2 Growing demand in the transportation industry
                    5.3.3.3 High market potential in structural silicone glazing
           5.3.4 CHALLENGES
                    5.3.4.1 Fluctuating raw material prices

6 INDUSTRY TRENDS (Page No. - 51)
    6.1 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 13 PORTER’S FIVE FORCES ANALYSIS OF THE SILICONE MARKET
           TABLE 1 SILICONE MARKET: PORTER’S FIVE FORCE ANALYSIS
           6.1.1 BARGAINING POWER OF SUPPLIERS
           6.1.2 THREAT OF NEW ENTRANTS
           6.1.3 THREAT OF SUBSTITUTES
           6.1.4 BARGAINING POWER OF BUYERS
           6.1.5 RIVALRY AMONG EXISTING COMPETITORS
    6.2 VALUE CHAIN ANALYSIS
           FIGURE 14 PRODUCTION PROCESS CONTRIBUTES THE MOST TO THE VALUE TO THE OVERALL PRICE OF SILICONES
    6.3 SUPPLY CHAIN ANALYSIS
    6.4 PROMINENT COMPANIES
    6.5 SMALL AND MEDIUM-SIZED ENTERPRISES
           TABLE 2 SILICONE MARKET: VALUE CHAIN
           6.5.1 IMPACT OF COVID-19 ON SUPPLY CHAIN
    6.6 YC & YCC SHIFT
           6.6.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR SILICONE MANUFACTURERS
                    FIGURE 15 REVENUE SHIFT FOR SILICONE MANUFACTURERS
    6.7 TRADE ANALYSIS
           TABLE 3 SILICONES TRADE DATA, 2019 (USD MILLION)
    6.8 ECOSYSTEM
    6.9 PRICING ANALYSIS
           FIGURE 16 AVERAGE SELLING PRICE (2020–2026)
    6.10 PATENT ANALYSIS
           6.10.1 INTRODUCTION
           6.10.2 METHODOLOGY
           6.10.3 DOCUMENT TYPE
                    FIGURE 17 NUMBER OF PATENTS YEAR WISE IN THE LAST TEN YEARS
           6.10.4 PUBLICATION TRENDS – LAST TEN YEARS
                    FIGURE 18 NUMBER OF PATENTS YEAR-WISE IN THE LAST TEN YEARS
           6.10.5 INSIGHTS
           6.10.6 JURISDICTION ANALYSIS
                    FIGURE 19 TOP JURISDICTION, BY DOCUMENT
           6.10.7 TOP COMPANIES/APPLICANTS
                    FIGURE 20 TOP TEN COMPANIES/APPLICANTS WITH THE HIGHEST NUMBER OF PATENTS
                    TABLE 4 LIST OF PATENTS BY EVONIK GOLDSCHMIDT GMBH
                    TABLE 5 LIST OF PATENTS BY MOMENTIVE PERFORMANCE MAT INC
                    TABLE 6 LIST OF PATENTS BY KANEKA CORPORATION
                    TABLE 7 LIST OF PATENTS BY WACKER CHEMIE AG
                    TABLE 8 LIST OF PATENTS BY NOVARTIS AG
                    TABLE 9 TOP TEN PATENT OWNERS (UNITED STATES) IN LAST TEN YEARS
    6.11 TECHNOLOGY ANALYSIS
    6.12 CASE STUDY ANALYSIS
           6.12.1 USAGE OF SILICONE CHEMISTRY IN TOPICAL FORMULATIONS
                    6.12.1.1 Objective
                    6.12.1.2 Solution statement
                    6.12.1.3 Conclusion
    6.13 REGULATORY ANALYSIS
           6.13.1 AUSTRALIA SILOXANE EVALUATIONS
           6.13.2 CANADA SILOXANE EVALUATIONS
           6.13.3 EUROPEAN UNION SILOXANE EVALUATIONS

7 IMPACT OF COVID-19 ON THE SILICONE MARKET,  SCENARIO ANALYSIS, BY REGION (Page No. - 69)
    7.1 SCENARIO ANALYSIS
           FIGURE 21 SCENARIOS OF THE SILICONE MARKET
           7.1.1 OPTIMISTIC SCENARIO
           7.1.2 PESSIMISTIC SCENARIO
           7.1.3 REALISTIC SCENARIO

8 SILICONE MARKET, BY TYPE (Page No. - 71)
    8.1 INTRODUCTION
           FIGURE 22 ELASTOMERS DOMINATED THE SILICONE MARKET IN 2020
           TABLE 10 HISTORIC SILICONE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
           TABLE 11 HISTORIC SILICONE MARKET SIZE, BY TYPE, 2017–2024 (THOUSAND TONS)
           TABLE 12 SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
           TABLE 13 SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
    8.2 ELASTOMERS
           8.2.1 USE OF SILICONE ELASTOMERS IN THE TRANSPORTATION END-USE INDUSTRY DUE TO ITS EXCELLENT PROPERTIES TO BOOST THE MARKET FOR SILICONES
                    TABLE 14 ELASTOMERS: SILICONE MARKET SIZE BY REGION, 2019–2026 (USD MILLION)
                    TABLE 15 ELASTOMERS: SILICONE MARKET SIZE BY REGION, 2019–2026 (THOUSAND TONS)
    8.3 FLUIDS
           8.3.1 SILICONE FLUIDS ARE USED IN TRANSPORTATION AND COSMETICS DUE TO THEIR SUPERIOR TEMPERATURE AND UV RESISTANCE
                    TABLE 16 FLUIDS: SILICONE MARKET SIZE BY REGION, 2019–2026 (USD MILLION)
                    TABLE 17 FLUIDS: SILICONE MARKET SIZE BY REGION, 2019–2026 (THOUSAND TONS)
    8.4 RESINS
           8.4.1 HIGH DEMAND IN THE BUILDING & CONSTRUCTION INDUSTRY TO DRIVE THE MARKET
                    TABLE 18 RESINS: SILICONE MARKET SIZE BY REGION, 2019–2026 (USD MILLION)
                    TABLE 19 RESINS: SILICONE MARKET SIZE BY REGION, 2019–2026 (THOUSAND TONS)
    8.5 GELS & OTHER PRODUCTS
           8.5.1 GROWING DEMAND FROM THE MEDICAL & HEALTHCARE INDUSTRY TO BOOST THE MARKET
                    TABLE 20 GELS & OTHER PRODUCTS: SILICONE MARKET SIZE BY REGION, 2019–2026 (USD MILLION)
                    TABLE 21 GELS & OTHER PRODUCTS: SILICONE MARKET SIZE BY REGION, 2019–2026 (THOUSAND TONS)

9 SILICONE MARKET, BY END-USE INDUSTRY (Page No. - 78)
    9.1 INTRODUCTION
           FIGURE 23 INDUSTRIAL PROCESS END-USE INDUSTRY TO LEAD THE SILICONE MARKET DURING THE FORECAST PERIOD
           TABLE 22 HISTORIC SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
           TABLE 23 HISTORIC SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2017–2024 (THOUSAND TONS)
           TABLE 24 SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
           TABLE 25 SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
    9.2 INDUSTRIAL PROCESS
           9.2.1 EXCELLENT RESISTANCE TO HYDROLYSIS MAKES SILICONE SUITABLE FOR USE IN THE INDUSTRIAL PROCESS END-USE INDUSTRY
                    TABLE 26 INDUSTRIAL PROCESS: SILICONE MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 27 INDUSTRIAL PROCESS: SILICONE MARKET SIZE, BY REGION, 2019–2026 (THOUSAND TONS)
    9.3 BUILDING & CONSTRUCTION
           9.3.1 USE OF SILICONE ADHESIVES, COATINGS, AND SEALANTS IN THE BUILDING & CONSTRUCTION END-USE INDUSTRY TO DRIVE THE SILICONE MARKET
                    TABLE 28 BUILDING & CONSTRUCTION: SILICONE MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 29 BUILDING & CONSTRUCTION: SILICONE MARKET SIZE, BY REGION, 2019–2026 (THOUSAND TONS)
    9.4 TRANSPORTATION
           9.4.1 INCREASING FUEL EFFICIENCY AND WEIGHT REDUCTION DRIVE THE DEMAND FOR SILICONES IN THE TRANSPORTATION END-USE INDUSTRY
                    TABLE 30 TRANSPORTATION: SILICONE MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 31 TRANSPORTATION: SILICONE MARKET SIZE, BY REGION, 2019–2026 (THOUSAND TONS)
    9.5 PERSONAL CARE & CONSUMER PRODUCTS
           9.5.1 VERSATILITY AND UNIQUE PROPERTIES OF SILICONES MAKE THEM SUITABLE FOR USE IN PERSONAL CARE & CONSUMER PRODUCTS
                    TABLE 32 PERSONAL CARE & CONSUMER PRODUCTS: SILICONE MARKET SIZE, BY REGION,  2019–2026 (USD MILLION)
                    TABLE 33 PERSONAL CARE & CONSUMER PRODUCTS: SILICONE MARKET SIZE, BY REGION,  2019–2026 (THOUSAND TONS)
    9.6 ELECTRONICS
           9.6.1 EMERGING TRENDS OF MINIATURIZATION IN THE ELECTRONICS END-USE INDUSTRY TO BOOST THE DEMAND FOR SILICONES
                    TABLE 34 ELECTRONICS: SILICONE MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 35 ELECTRONICS: SILICONE MARKET SIZE, BY REGION, 2019–2026 (THOUSAND SAND)
    9.7 MEDICAL & HEALTHCARE
           9.7.1 BIOCOMPATIBILITY, LOW SURFACE TENSION, HIGH PERMEABILITY, AND PRESSURE-SENSITIVE PROPERTIES MAKE SILICONE SUITABLE FOR THE USE IN THE MEDICAL & HEALTHCARE END-USE INDUSTRY
                    TABLE 36 MEDICAL & HEALTHCARE: SILICONE MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 37 MEDICAL & HEALTHCARE: SILICONE MARKET SIZE, BY REGION, 2019–2026 (THOUSAND TON)
    9.8 ENERGY
           9.8.1 USE OF SILICONES IN SOLAR PANELS AND WIND TURBINES TO DRIVE THE MARKET
                    TABLE 38 ENERGY: SILICONE MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
                    TABLE 39 ENERGY: SILICONE MARKET SIZE, BY REGION, 2019–2026 (THOUSAND TON)
    9.9 OTHER END-USE INDUSTRY
           TABLE 40 OTHER END-USE INDUSTRY: SILICONE MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
           TABLE 41 OTHER END-USE INDUSTRY: SILICONE MARKET SIZE, BY REGION, 2019–2026 (THOUSAND TON)

10 SILICONE MARKET, BY REGION (Page No. - 90)
     10.1 INTRODUCTION
               FIGURE 24 ASIA PACIFIC TO RECORD THE FASTEST GROWTH DURING THE FORECAST PERIOD
               TABLE 42 HISTORICAL SILICONE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
               TABLE 43 HISTORICAL SILICONE MARKET SIZE, BY REGION, 2017–2024 (THOUSAND TONS)
               TABLE 44 SILICONE MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
               TABLE 45 SILICONE MARKET SIZE, BY REGION, 2019–2026 (THOUSAND TONS)
     10.2 ASIA PACIFIC
             10.2.1 IMPACT OF COVID-19 IN ASIA PACIFIC
                       FIGURE 25 ASIA PACIFIC: SILICONE MARKET SNAPSHOT
                       TABLE 46 ASIA PACIFIC: HISTORICAL SILICONE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                       TABLE 47 ASIA PACIFIC: HISTORICAL SILICONE MARKET SIZE, BY COUNTRY, 2017–2024 (THOUSAND TONS)
                       TABLE 48 ASIA PACIFIC: HISTORICAL SILICONE MARKET SIZE, BY TYPE,  2017–2024 (USD MILLION)
                       TABLE 49 ASIA PACIFIC: HISTORICAL SILICONE MARKET SIZE, BY TYPE, 2017–2024 (THOUSAND TONS)
                       TABLE 50 ASIA PACIFIC: HISTORICAL SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2017–2024 (USD MILLION)
                       TABLE 51 ASIA PACIFIC: HISTORICAL TUBE PACKAGING MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (THOUSAND TONS)
                       TABLE 52 ASIA PACIFIC: SILICONE MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                       TABLE 53 ASIA PACIFIC: SILICONE MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND TONS)
                       TABLE 54 ASIA PACIFIC: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                       TABLE 55 ASIA PACIFIC: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                       TABLE 56 ASIA PACIFIC: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                       TABLE 57 ASIA PACIFIC: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.2.2 CHINA
                       10.2.2.1 Increasing industrial activities and high growth of the electronics sector are expected to boost the market
                                   TABLE 58 CHINA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 59 CHINA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 60 CHINA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 61 CHINA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.2.3 INDIA
                       10.2.3.1 Growing construction industry and rapid industrialization are driving the market
                                   TABLE 62 INDIA: SILICONE MARKET SIZE, BY TYPE,2019–2026 (USD MILLION)
                                   TABLE 63 INDIA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 64 INDIA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 65 INDIA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.2.4 JAPAN
                       10.2.4.1 Increasing demand for lightweight passenger vehicles and growing electronics industry boost the market
                                   TABLE 66 JAPAN: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 67 JAPAN: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 68 JAPAN: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 69 JAPAN: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.2.5 SOUTH KOREA
                       10.2.5.1 Increasing government investments for research on the use of silicone across industries are boosting the market
                                   TABLE 70 SOUTH KOREA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 71 SOUTH KOREA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 72 SOUTH KOREA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 73 SOUTH KOREA: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (THOUSAND TONS)
             10.2.6 AUSTRALIA
                       10.2.6.1 Strong spending in building & construction activities is expected to drive the market
                                   TABLE 74 AUSTRALIA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 75 AUSTRALIA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 76 AUSTRALIA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 77 AUSTRALIA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.2.7 REST OF ASIA PACIFIC
                                   TABLE 78 REST OF ASIA PACIFIC: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 79 REST OF ASIA PACIFIC: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 80 REST OF ASIA PACIFIC: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (USD MILLION)
                                   TABLE 81 REST OF ASIA PACIFIC: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (THOUSAND TONS)
     10.3 EUROPE
             10.3.1 IMPACT OF COVID-19 IN EUROPE
                       FIGURE 26 EUROPE: SILICONE MARKET SNAPSHOT
                       TABLE 82 EUROPE: HISTORICAL SILICONE MARKET SIZE, BY COUNTRY,  2017–2024 (USD MILLION)
                       TABLE 83 EUROPE: HISTORICAL SILICONE MARKET SIZE, BY COUNTRY, 2017–2024 (THOUSAND TONS)
                       TABLE 84 EUROPE: HISTORICAL SILICONE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                       TABLE 85 EUROPE: HISTORICAL SILICONE MARKET SIZE, BY TYPE, 2017–2024 (THOUSAND TONS)
                       TABLE 86 EUROPE: HISTORICAL SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2017–2024 (USD MILLION)
                       TABLE 87 EUROPE: : HISTORICAL SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2017–2024 (THOUSAND TONS)
                       TABLE 88 EUROPE: SILICONE MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                       TABLE 89 EUROPE: SILICONE MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND TONS)
                       TABLE 90 EUROPE: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                       TABLE 91 EUROPE: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                       TABLE 92 EUROPE: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                       TABLE 93 EUROPE: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.3.2 GERMANY
                       10.3.2.1 Demand for silicone is expected to grow in the transportation end-use industry
                                   TABLE 94 GERMANY: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 95 GERMANY: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 96 GERMANY: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 97 GERMANY: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (THOUSAND TONS)
             10.3.3 FRANCE
                       10.3.3.1 Increasing use of silicones in personal care & cosmetic products is propelling the market
                                   TABLE 98 FRANCE: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 99 FRANCE: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 100 FRANCE: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 101 FRANCE: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.3.4 UNITED KINGDOM
                       10.3.4.1 Increasing demand for silicone elastomers in the building & construction industry is boosting the market
                                   TABLE 102 UNITED KINGDOM: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 103 UNITED KINGDOM: SILICONE MARKET SIZE, BY TYPE,  2019–2026 (THOUSAND TONS)
                                   TABLE 104 UNITED KINGDOM: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (USD MILLION)
                                   TABLE 105 UNITED KINGDOM: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.3.5 ITALY
                       10.3.5.1 Rebound of the industrial and manufacturing sectors is favorable for the market
                                   TABLE 106 ITALY: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 107 ITALY: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 108 ITALY: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 109 ITALY: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.3.6 RUSSIA
                       10.3.6.1 Immense growth potential of the construction industry is lucrative for market growth
                                   TABLE 110 RUSSIA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 111 RUSSIA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 112 RUSSIA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 113 RUSSIA: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (THOUSAND TONS)
             10.3.7 TURKEY
                       10.3.7.1 Private and public investments in infrastructural, residential, and institutional construction projects are spurring the market growth
                                   TABLE 114 TURKEY: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 115 TURKEY: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 116 TURKEY: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 117 TURKEY: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.3.8 REST OF EUROPE
                       TABLE 118 REST OF EUROPE: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                       TABLE 119 REST OF EUROPE: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                       TABLE 120 REST OF EUROPE: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                       TABLE 121 REST OF EUROPE: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
     10.4 NORTH AMERICA
             10.4.1 IMPACT OF COVID-19 IN NORTH AMERICA
                       FIGURE 27 NORTH AMERICA: SILICONE MARKET SNAPSHOT
                       TABLE 122 NORTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                       TABLE 123 NORTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY COUNTRY,  2017–2024 (THOUSAND TONS)
                       TABLE 124 NORTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY TYPE,  2017–2024 (USD MILLION)
                       TABLE 125 NORTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY TYPE, 2017–2024 (THOUSAND TONS)
                       TABLE 126 NORTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2017–2024 (USD MILLION)
                       TABLE 127 NORTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2017–2024 (THOUSAND TONS)
                       TABLE 128 NORTH AMERICA: SILICONE MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                       TABLE 129 NORTH AMERICA: SILICONE MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND TONS)
                       TABLE 130 NORTH AMERICA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                       TABLE 131 NORTH AMERICA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                       TABLE 132 NORTH AMERICA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                       TABLE 133 NORTH AMERICA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.4.2 UNITED STATES
                       10.4.2.1 Demand can get hampered with the growing market maturity
                                   TABLE 134 UNITED STATES: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 135 UNITED STATES: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 136 UNITED STATES: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 137 UNITED STATES: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.4.3 CANADA
                       10.4.3.1 Canadian government’s efforts to augment residential and public infrastructure is significantly contributing to the market growth
                                   TABLE 138 CANADA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 139 CANADA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 140 CANADA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 141 CANADA: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (THOUSAND TONS)
             10.4.4 MEXICO
                       10.4.4.1 Growth of the industrial sector and building & construction industry is expected to drive the demand for silicones in the country
                                   TABLE 142 MEXICO: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 143 MEXICO: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 144 MEXICO: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 145 MEXICO: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (THOUSAND TONS)
     10.5 SOUTH AMERICA
             10.5.1 IMPACT OF COVID-19 IN SOUTH AMERICA
                       TABLE 146 SOUTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
                       TABLE 147 SOUTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY COUNTRY, 2017–2024 (THOUSAND TONS)
                       TABLE 148 SOUTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
                       TABLE 149 SOUTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY TYPE, 2017–2024 (THOUSAND TONS)
                       TABLE 150 SOUTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2017–2024 (USD MILLION)
                       TABLE 151 SOUTH AMERICA: HISTORICAL SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2017–2024 (THOUSAND TONS)
                       TABLE 152 SOUTH AMERICA: SILICONE MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                       TABLE 153 SOUTH AMERICA: SILICONE MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND TONS)
                       TABLE 154 SOUTH AMERICA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                       TABLE 155 SOUTH AMERICA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                       TABLE 156 SOUTH AMERICA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                       TABLE 157 SOUTH AMERICA: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (THOUSAND TONS)
             10.5.2 BRAZIL
                       10.5.2.1 Government’s efforts for the country’s fiscal sustainability will be helpful for the market growth
                                   TABLE 158 BRAZIL: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 159 BRAZIL: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 160 BRAZIL: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 161 BRAZIL: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.5.3 ARGENTINA
                       10.5.3.1 Repair of motor vehicles, motorcycles, and personal and household goods contributes significantly to the growth of the silicone market in Argentina
                                   TABLE 162 ARGENTINA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 163 ARGENTINA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 164 ARGENTINA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 165 ARGENTINA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.5.4 REST OF SOUTH AMERICA
                       TABLE 166 REST OF SOUTH AMERICA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                       TABLE 167 REST OF SOUTH AMERICA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                       TABLE 168 REST OF SOUTH AMERICA: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (USD MILLION)
                       TABLE 169 REST OF SOUTH AMERICA: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (THOUSAND TONS)
     10.6 MIDDLE EAST & AFRICA
             10.6.1 IMPACT OF COVID-19 IN MIDDLE EAST & AFRICA
                       TABLE 170 MIDDLE EAST & AFRICA: HISTORICAL SILICONE MARKET SIZE, BY COUNTRY,  2017–2024 (USD MILLION)
                       TABLE 171 MIDDLE EAST & AFRICA: HISTORICAL SILICONE MARKET SIZE, BY COUNTRY,  2017–2024 (THOUSAND TONS)
                       TABLE 172 MIDDLE EAST & AFRICA: HISTORICAL SILICONE MARKET SIZE, BY TYPE,  2017–2024 (USD MILLION)
                       TABLE 173 MIDDLE EAST & AFRICA: HISTORICAL SILICONE MARKET SIZE, BY TYPE,  2017–2024 (THOUSAND TONS)
                       TABLE 174 MIDDLE EAST & AFRICA: HISTORICAL SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
                       TABLE 175 MIDDLE EAST & AFRICA: HISTORICAL SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (THOUSAND TONS)
                       TABLE 176 MIDDLE EAST & AFRICA: SILICONE MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)
                       TABLE 177 MIDDLE EAST & AFRICA: SILICONE MARKET SIZE, BY COUNTRY, 2019–2026 (THOUSAND TONS)
                       TABLE 178 MIDDLE EAST & AFRICA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                       TABLE 179 MIDDLE EAST & AFRICA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                       TABLE 180 MIDDLE EAST & AFRICA: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (USD MILLION)
                       TABLE 181 MIDDLE EAST & AFRICA: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (THOUSAND TONS)
             10.6.2 SAUDI ARABIA
                       10.6.2.1 Highest demand for silicones is generated from the building & construction end-use industry in the country
                                   TABLE 182 SAUDI ARABIA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 183 SAUDI ARABIA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 184 SAUDI ARABIA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                                   TABLE 185 SAUDI ARABIA: SILICONE MARKET SIZE, BY END-USE INDUSTRY, 2019–2026 (THOUSAND TONS)
             10.6.3 UNITED ARAB EMIRATES
                       10.6.3.1 Building & construction end-use industry leads the silicone market in the country
                                   TABLE 186 UNITED ARAB EMIRATES: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)
                                   TABLE 187 UNITED ARAB EMIRATES: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                                   TABLE 188 UNITED ARAB EMIRATES: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (USD MILLION)
                                   TABLE 189 UNITED ARAB EMIRATES: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (THOUSAND TONS)
             10.6.4 REST OF MIDDLE EAST & AFRICA
                       TABLE 190 REST OF MIDDLE EAST & AFRICA: SILICONE MARKET SIZE, BY TYPE,  2019–2026 (USD MILLION)
                       TABLE 191 REST OF MIDDLE EAST & AFRICA: SILICONE MARKET SIZE, BY TYPE, 2019–2026 (THOUSAND TONS)
                       TABLE 192 REST OF MIDDLE EAST & AFRICA: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (USD MILLION)
                       TABLE 193 REST OF MIDDLE EAST & AFRICA: SILICONE MARKET SIZE, BY END-USE INDUSTRY,  2019–2026 (THOUSAND TONS)

11 COMPETITIVE LANDSCAPE (Page No. - 159)
     11.1 OVERVIEW
               FIGURE 28 COMPANIES ADOPTED EXPANSION AS THE KEY GROWTH STRATEGY BETWEEN 2017 AND 2021
               FIGURE 29 MARKET RANKING ANALYSIS
     11.2 MARKET SHARE ANALYSIS
               FIGURE 30 MARKET SHARE OF KEY PLAYERS IN THE SILICONE MARKET, 2020
     11.3 MARKET EVALUATION FRAMEWORK
               TABLE 194 MARKET EVALUATION FRAMEWORK
     11.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
               FIGURE 31 TOP FIVE PLAYERS DOMINATED THE MARKET IN THE LAST FIVE YEARS
     11.5 COMPANY EVALUATION QUADRANT
             11.5.1 STAR
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE
             11.5.4 EMERGING COMPANIES
                       FIGURE 32 COMPETITIVE LEADERSHIP MAPPING: SILICONE MARKET, 2020
                       TABLE 195 COMPANY PRODUCT FOOTPRINT
                       TABLE 196 COMPANY REGION FOOTPRINT
     11.6 COMPANY EVALUATION QUADRANT (SMES), 2020
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
                       FIGURE 33 SME MATRIX: SILICONE MARKET, 2020
     11.7 COMPETITIVE SCENARIO
             11.7.1 NEW PRODUCT LAUNCH
                       TABLE 197 SILICONE MARKET: NEW PRODUCT LAUNCH, 2017–2020
             11.7.2 OTHERS
                       TABLE 198 OTHERS, 2017–2020
             11.7.3 MERGER & ACQUISITION
                       TABLE 199 MERGER & ACQUISITION, 2017–2020

12 COMPANY PROFILES (Page No. - 171)
     12.1 MAJOR PLAYERS
(Business and financial overview, Products/solutions/services offered, Recent developments, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats)*
             12.1.1 WACKER CHEMIE AG
                       TABLE 200 WACKER CHEMIE AG: BUSINESS OVERVIEW
                       FIGURE 34 WACKER CHEMIE AG: COMPANY SNAPSHOT
             12.1.2 SHIN-ETSU CHEMICAL CO., LTD.
                       TABLE 201 SHIN-ETSU CHEMICAL CO., LTD.: BUSINESS OVERVIEW
                       FIGURE 35 SHIN-ETSU CHEMICAL CO., LTD.: COMPANY SNAPSHOT
             12.1.3 ELKEM ASA
                       TABLE 202 ELKEM ASA: BUSINESS OVERVIEW
                       FIGURE 36 ELKEM ASA: COMPANY SNAPSHOT
             12.1.4 THE DOW CHEMICAL COMPANY
                       TABLE 203 THE DOW CHEMICAL COMPANY: BUSINESS OVERVIEW
                       FIGURE 37 THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
             12.1.5 MOMENTIVE
                       TABLE 204 MOMENTIVE: BUSINESS OVERVIEW
             12.1.6 GELEST INC.
                       TABLE 205 GELEST INC.: BUSINESS OVERVIEW
             12.1.7 KCC CORPORATION
                       TABLE 206 KCC CORPORATION: BUSINESS OVERVIEW
                       FIGURE 38 KCC CORPORATION: COMPANY SNAPSHOT
             12.1.8 EVONIK INDUSTRIES AG
                       TABLE 207 EVONIK INDUSTRIES AG: BUSINESS OVERVIEW
                       FIGURE 39 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
             12.1.9 INNOSPEC INC.
                       TABLE 208 INNOSPEC INC.: BUSINESS OVERVIEW
                       FIGURE 40 INNOSPEC INC.: COMPANY SNAPSHOT
             12.1.10 SPECIALTY SILICONE PRODUCTS, INC.
                       TABLE 209 SPECIALTY SILICONE PRODUCTS INC.: BUSINESS OVERVIEW
             12.1.11 ZHEJIANG XINAN CHEMICAL INDUSTRIAL GROUP CO., LTD.
             12.1.12 REISS MANUFACTURING INC.
             12.1.13 SILTECH CORPORATION
             12.1.14 KANEKA
             12.1.15 CHT GROUP
             12.1.16 PRIMASIL SILICONES
             12.1.17 SIVANCE
             12.1.18 SILICONE SOLUTIONS
     12.2 OTHER COMPANY PROFILES
             12.2.1 SILICONE ENGINEERING LTD.
             12.2.2 CRI-SIL SILICONE TECHNOLOGIES
             12.2.3 PENTA (ITW PERFORMANCE POLYMERS AND FLUIDS)
             12.2.4 SILTEQ
             12.2.5 KONARK SILICONE TECHNOLOGIES

*Details on Business and financial overview, Products/solutions/services offered, Recent developments, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 205)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities for estimating the current global size of the silicone market. The exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions and sizes with the industry experts across the value chain of silicone through primary research. The top-down approach was employed to estimate the overall size of the silicone market. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of different segments and sub-segments of the market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, so as to identify and collect information for this study on the silicone market. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

Various primary sources from both the supply and demand sides of the silicone market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the silicone industry. The primary sources from the demand-side included key executives from banks, government organizations, and educational institutions. The breakdown of the profiles of primary respondents is as follows:

Silicone Market Size, and Share

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

Market Size Estimation

Silicone Market Size, and Estimation

The top-down approach was used to estimate and validate the global size of the silicone market. These approaches were also used extensively to estimate the size of various dependent segments of the market. The research methodology used to estimate the market size included the following details:

  • The key players were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments of the silicone market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.

Report Objectives

  • To define, analyze, and project the size of the silicone market in terms of value and volume based on type, end-use industry, and region
  • To project the size of the market and its segments in terms of value and volume, with respect to the five main regions, namely, North America, Europe, APAC, MEA, and South America.
  • To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
  • To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the silicone report:

Product Analysis

  •  Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis

  •  Further analysis of the silicone market for additional countries

Company Information

  •  Detailed analysis and profiling of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Silicone Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Silicone Market

Request For Special Pricing
Report Code
CH 1170
Published ON
May, 2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Silicone Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved