Silicone Market

Silicone Market by Type (Elastomers, Resins, Fluids, Gels), End-Use Industry (Industrial Process, Building & Construction, Personal Care & Consumer Products, Transportation, Electronics, Medical & Healthcare, Energy), & Region - Global Forecast to 2029

Report Code: CH 1170 May, 2024, by marketsandmarkets.com

The global silicone market size is projected to grow from USD 21.5 billion in 2024 to USD 31.5 billion by 2029, at a CAGR of 8.0% during the forecast period.

The silicone market showcases a dynamic and evolving environment, driven by a variety of industrial and consumer needs. Silicone's distinct characteristics including resistance to heat, flexibility, durability, and chemical stability, make it a highly desirable material across multiple industries, leading to consistent market growth. A key driver of the silicone market is the ongoing industrial expansion in emerging economies such as China and India. With rapid economic growth, these countries are witnessing a surge in infrastructure projects and manufacturing. This leads to heightened demand for silicone, particularly in the construction, automotive, and electronics sectors. Silicone finds extensive use in construction for sealants, gaskets, and adhesives, while in automotive applications, it is vital for electric vehicles and other advanced components. Besides the industrialization trend, technological innovation is also fueling growth in the silicone market. The rise of technologies like 5G, electric vehicles, and the Internet of Things (IoT) has led to an increased demand for high-performance materials that can endure thermal stress and offer reliable electrical insulation. Silicone's distinctive properties meet these requirements, reinforcing its expanding role in the electronics industry. Overall, the silicone market is experiencing growth and opportunity, driven by industrialization, technological innovation, and a focus on sustainability. Although there are challenges, the market's versatility and expanding applications across various industries are likely to maintain its momentum in the years ahead.

Attractive Opportunities in the Silicone Market

Silicone Market

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Silicone Market

Silicone Market Dynamics

Driver: High demand for silicone in wearable electronics industry

The burgeoning wearable electronics market in India, exemplified by the exponential growth in the production of earphones and smartwatches from negligible levels to USD 961 million in 2022–23, and a projected doubling to USD 2 billion in FY24, is set to be a significant driver for the silicone market. As the Indian government aims for a USD 300 billion electronics manufacturing industry by 2026, wearables are expected to play a pivotal role, contributing USD 8 billion with USD 3 billion earmarked for exports (Source: Invest India). The increasing demand for wearable devices underscores the importance of silicone, which offers essential properties such as flexibility, thermal stability, and durability, making it an indispensable material for components such as flexible circuits, thermal interface materials, and seals. This growth trajectory underscores the integral role of silicone in meeting the evolving demands of the burgeoning wearable electronics market.

Restraint: Stringent regulatory policies

The use of certain silicone products is subject to regulation in various countries, particularly in the personal care, consumer products, and medical and healthcare sectors. For instance, the UK Competent Authorities and the European Chemicals Agency (ECHA) restrict the use of two specific silicone compounds, cyclosiloxanes D4 and D5, capping their concentration in personal care products at 0.1% by weight. These restrictions also apply in Canada and the United States.

In the medical and healthcare industry, silicones must meet strict standards before they can be used. Specifically, only silicones that have received USP Class V and VI approval are considered suitable for medical-grade applications. Companies that produce silicone rubber for medical use in the United States must comply with a variety of regulations, including the Restriction of Use of Hazardous Substances (RoHS), the Dodd-Frank Act, and the US government's International Traffic in Arms Regulations (ITAR). Adhering to these regulations and obtaining the necessary approvals can be a lengthy process, limiting the use of silicones in these industries.

Opportunity: Antimicrobial silicone elastomers for healthcare industry

Medical-grade silicone elastomers are designed to be biocompatible, making them ideal for healthcare applications. Because of their low toxicity, these elastomers are less likely to cause adverse biological reactions and have gained approval for use in food and medical products. However, silicone elastomers used in medical settings can be vulnerable to contamination by bacteria and other microorganisms, leading to issues like foul odors and discoloration in medical devices such as wound drains and catheters. To combat this, biocides are added to help control microbial growth and minimize the risk of infection or contamination. Even with these measures, the rate of hospital-acquired infections (HAIs) is on the rise globally. This trend underscores the need for enhanced preventive strategies to curb infection rates and improve patient safety. In the US, hospitals are compelled to bear the costs of treating HAIs due to the changing health insurance policies. Hence, medical device manufacturers are seeking newer technologies to help reduce microbial growth on their devices by using antimicrobials or biocides. Antimicrobial silicone elastomers are used to enhance the performance of end products by reducing microbial contamination. Hence, the development of these elastomers is expected to fuel market growth.

Challenge: Fluctuating raw material prices

A significant challenge in the global silicone market is the ongoing fluctuation in the prices of raw materials and energy. The rapid increase in the cost of key raw materials like methyl chloride and silicon metal leads to reduced profit margins for silicone producers, which in turn drives up the price of silicone products overall. These rising costs for raw materials are expected to negatively affect the global silicone market, as producers grapple with high and unpredictable feedstock expenses, prompting them to pass on these cost increases to their customers. For example, leading silicone market players such as Wacker and Elkem have recently raised their silicone product prices to offset the elevated costs of raw materials and energy. As a result, the constant volatility in raw material and energy prices has emerged as a significant challenge for silicone industry producers.

ECOSYSTEM

Silicone Market Ecosystem

By type, elastomers to have the highest market share in the forecast period.

Elastomers dominate the silicone market primarily due to the demand from a variety of end-use industries. Elastomers, valued for their flexibility, resilience, and durability, are finding significant applications in the silicone market, covering from automotive to healthcare and consumer goods. With the automotive industry's move towards electric and hybrid vehicles, demand for silicone elastomers has increased. These materials are crucial in components like radiator seals, gaskets, and spark plug boots, which must withstand high heat and mechanical stress. As electric vehicles continue to grow in popularity, the importance of reliable insulation and durability in components becomes more pronounced, where silicone elastomers are particularly effective. The healthcare industry is a major factor in the growing demand for elastomers in the silicone market. As medical technology advances, the use of silicone elastomers in medical devices and surgical equipment is expected to rise. This demand encourages further innovation in healthcare-related applications. Additionally, the rising need for high-quality, durable consumer products contributes to the growth of silicone elastomers. The construction industry also plays a role in this expansion, using silicone elastomers in various building applications.

By end-use industry, the industrial process segment to register the highest CAGR in the forecast period.

The industrial process segment stands out as the fastest-growing segment in the silicone market among, building & construction, electronics, personal care & consumer products, transportation, and others due to several key factors. The industrial process end-use industry is experiencing a growing demand for high-performance materials, with silicone at the forefront due to its unique properties. Industrial processes cover a wide range of sectors, including manufacturing, chemical processing, oil and gas, power generation, and food processing. Silicone's heat resistance, chemical stability, flexibility, and durability are crucial for maintaining operational efficiency and safety in these areas. One key driver for silicone's demand in industrial processes is its ability to endure extreme conditions. In chemical processing and oil and gas, for example, equipment often faces high temperatures and corrosive chemicals. Silicone, known for its resistance to these stresses, is used in gaskets, seals, and other components to maintain system integrity. Additionally, the trend towards automation and advanced manufacturing has increased the need for reliable materials. Silicone's excellent electrical insulating properties are vital for the safe operation of automated equipment, reducing the risk of electrical faults.

Asia Pacific dominated the market in 2023.

The Asia-Pacific (APAC) region has emerged as the dominant force in the silicone market among North America, Europe, South America, and the Middle East and Africa due to several key factors.

The rapid industrialization and the growing number of end-use industries are expected to drive the silicone market's growth in the region. In China, the silicone market is expanding quickly, with significant growth anticipated due to rising demand from the healthcare and automotive & transportation sectors. Silicone manufacturers are drawn to this country because it offers strategic benefits, such as cost-effective production, favorable conditions for establishing manufacturing facilities, and the opportunity to cater more effectively to local emerging markets. The strong domestic demand and the easy availability of raw materials and low-cost labor make Asia Pacific a lucrative market for manufacturers, focusing on this region to gain market share and increase profitability. For instance, in July 2022, Wacker Chemie AG (Germany) opened a new production site for silicones in Panagarh, India. This production site will enable the company to strengthen and expand its position in the region. China is the largest market for silicones in Asia Pacific. Due to its rising population and government efforts to increase industrialization in the country, the demand for silicone is high. Low-cost raw materials, labor, and land, coupled with a moderately stringent regulatory framework, have enabled the growth of industrial activities in China. This is driving the silicone market in the country.

Silicone Market by Region

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Key Market Players

The silicone market comprises key manufacturers such as Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive Performance Materials, Inc. (US), Elkem ASA (Norway), Dow Inc. (US), and others. Expansions, collaborations, and deals were some of the major strategies adopted by these key players to enhance their positions in the silicone market. A major focus was given to the new projects and contracts.

Read More: Silicone Companies

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Scope of the Report

Report Metric

Details

Market size available for years

2022–2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD million/USD Billion) and Volume (Thousand Tons)

Segments Covered

Type, End-Use Industry, and Region

Geographies covered

North America, Asia Pacific, Europe, Middle East & Africa, and South America

Companies covered

Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Momentive Performance Materials Inc. (US), Elken ASA (Norway), and Dow Inc. (US)

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

Silicone Market, Based on Type:
  • Elastomers
  • Fluids
  • Resins
  • Gels & Other Products
Silicone Market, Based on the End-Use Industry:
  • Building & Construction
  • Transportation
  • Personal care & Consumer Products
  • Industrial Process
  • Electronics
  • Medical & Healthcare
  • Energy
  • Others
Silicone Market, Based on the Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In April 2024, Elkem ASA will showcase its newest innovations, PURESIL ESG 01 and MIRASIL N-DML 15, at NYSCC 2024; the products include a bio-based carrier performance silicone, an elastomeric emulsifier for water-in-silicone (oil) systems, and innovative prototype formulations designed to meet market trends and consumer demands.
  • In March 2024, Shin-Etsu Chemical Co., Ltd. developed water-based, fast-curing silicone resin KRW-6000 Series, which is the industry's first silicone resin that innovatively eliminates the need for emulsifiers.
  • In March 2024, Elkem ASA unveiled its newest innovation, Silbione RT Gel 4660, at EWMA in London. This silicone gel offers both ease of processing and high performance, ensuring superior outcomes for patients.
  • In September 2023, Wacker Chemie AG expanded its specialty silicone manufacturing capacities in China. Around   USD 158.73 million has been allocated for the expansion project's investments.
  • In September 2023, Shin-Etsu Chemical Co., Ltd. established a sustainable silicone business development department within its silicone division at the head office.  The sustainable silicone business development department will oversee the promotion of eco-friendly silicone products. This initiative aligns with the company's recent USD 0.71 billion investment in its silicone business, announced on July 27th, reflecting its commitment to sustainability and innovation.
  • In July 2023 Shin-Etsu Chemical Co., Ltd. announced a new USD 0.71 billion investment in its silicone portfolio, a key component of its Functional Materials business segment.
  • In February 2023, Momentive Performance Materials, Inc. opened a new manufacturing facility in Rayong, Thailand. This new site will expand Momentive's manufacturing capacity to serve the growing Southeast Asian market demand for specialty silicones in industries such as beauty & personal care, automotive, energy, healthcare, and agriculture.
  • In October 2022 Elkem ASA, opened its new specialized facility for producing high-purity medical silicones in York, S.C. This new 18,000 sq. ft. site features state-of-the-art ISO-certified Class 7 and Class 8 clean rooms. It is designed to produce high-purity silicone materials that meet the MedTech and Pharma market requirements.
  • In March 2022, Dow Inc. invested in the mobility and transportation market. The company allocated funds at its Jincheon facility in South Korea to advance the development of moldable optical silicone technologies for use in automotive and industrial lighting. Additional investments were also planned for Dow's sites in Midland, Songjiang, and Zhangjiagang.
  • In October 2021, Wacker Chemie AG acquired a 60% stake in specialty silane manufacturer SICO Performance Material Co., Ltd. (China). Wacker's partnership with SICO is their strategy to expand the share of high-margin specialties in their silicone business worldwide further.
  • In October 2021, Elkem ASA planned to invest in unlocking new specialty silicone supply chains for customers in Europe, the Middle East & Africa, and the Americas. The company will invest around NOK USD 41.4 million to upgrade and debottleneck its silicone upstream plant in Roussillon, France.
  • In July 2021, Dow Inc. expanded its production capacity for new silicones, propylene glycol, and specialty materials to address the rising demand for sustainable solutions in a variety of sectors, including mobility, building and infrastructure, consumer electronics, home and personal care, food, pharmaceuticals, and flavor and fragrance markets.
  • In January 2021, Momentive Performance Materials, Inc. acquired KCC Corporation's ("KCC") silicone business in Korea and the UK, along with its sales operations in China. This acquisition strengthened Momentive's global reach and expertise in advanced silicones and specialized applications.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA 
          FIGURE 1 SILICONE MARKET: RESEARCH DESIGN
           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 
          FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
          FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
          FIGURE 4 SILICONE MARKET: DATA TRIANGULATION
    2.4 KEY MARKET INSIGHTS 
    2.5 IMPACT OF RECESSION 
    2.6 RESEARCH ASSUMPTIONS 
    2.7 RESEARCH LIMITATIONS 
    2.8 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 5 ELASTOMER SEGMENT DOMINATED SILICONE MARKET IN 2023
    FIGURE 6 INDUSTRIAL PROCESSES SEGMENT TO LEAD SILICONE MARKET UNTIL 2029
    FIGURE 7 ASIA PACIFIC LED SILICONE MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SILICONE MARKET 
          FIGURE 8 ASIAN ECONOMIES TO WITNESS RELATIVELY HIGHER GROWTH RATE FOR SILICONE MARKET
    4.2 ASIA PACIFIC: SILICONE MARKET, BY TYPE AND END-USE INDUSTRY, 2023 
          FIGURE 9 ELASTOMERS ACCOUNTED FOR LARGEST SHARE IN TERMS OF VOLUME
    4.3 SILICONE MARKET, BY COUNTRY 
          FIGURE 10 SILICONE MARKET IN INDIA TO GROW AT HIGHEST CAGR
 
5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 11 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN SILICONE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Unique properties of silicone
                    5.2.1.2 High demand for silicone in wearable electronics industry
           5.2.2 RESTRAINTS
                    5.2.2.1 Stringent regulatory policies
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Antimicrobial silicone elastomers for healthcare industry
                    5.2.3.2 Growing demand in transportation industry
                                FIGURE 12 GLOBAL SALES OF ALL VEHICLES, 2019–2023 (MILLION UNIT)
                    5.2.3.3 High market potential in structural silicone glazing
           5.2.4 CHALLENGES
                    5.2.4.1 Fluctuating raw material prices
 
6 INDUSTRY TRENDS (Page No. - 55)
    6.1 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
          FIGURE 13 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
    6.2 PRICING ANALYSIS 
           6.2.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
                    FIGURE 14 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE
                    TABLE 1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TYPE (USD/TON)
           6.2.2 AVERAGE SELLING PRICE TREND, BY REGION
    6.3 PRICES FOR SILICONE IN DIFFERENT REGIONS ANALYZED  FOR 2023–2029. 
          FIGURE 15 AVERAGE SELLING PRICE TREND, BY REGION (USD/TON)
          TABLE 2 AVERAGE SELLING PRICE TREND, BY REGION, 2023–2029 (USD/TON)
    6.4 SUPPLY CHAIN ANALYSIS 
          FIGURE 16 SUPPLY CHAIN ANALYSIS
    6.5 ECOSYSTEM 
          FIGURE 17 KEY PLAYERS IN SILICONE MARKET ECOSYSTEM
          TABLE 3 SILICONE MARKET: ECOSYSTEM
    6.6 TECHNOLOGY ANALYSIS 
           6.6.1 KEY TECHNOLOGIES
                    6.6.1.1 Room Temperature Vulcanization (RTV)
                    6.6.1.2 Liquid Silicone Rubber (LSR) Injection Molding
                    6.6.1.3 Platinum Cure
           6.6.2 COMPLEMENTARY TECHNOLOGIES
                    6.6.2.1 Surface Modification Techniques
    6.7 PATENT ANALYSIS 
          FIGURE 18 NUMBER OF PATENTS GRANTED FOR SILICONE MARKET, 2014–2023
          FIGURE 19 REGIONAL ANALYSIS OF PATENTS GRANTED FOR SILICONE MARKET,  2014–2023
          TABLE 4 PATENTS IN SILICONE MARKET, 2022–2023
    6.8 TRADE ANALYSIS 
           6.8.1 EXPORT SCENARIO OF SILICONE MARKET
                    6.8.1.1 Export scenario for HS Code: 3910
                                FIGURE 20 EXPORTS (HS CODE 3910), BY KEY COUNTRY, 2019–2023 (USD BILLION)
           6.8.2 IMPORT SCENARIO OF SILICONE MARKET
                    6.8.2.1 Import scenario for HS Code: 3910
                                FIGURE 21 IMPORTS (HS CODE 3910), BY KEY COUNTRY, 2019–2023 (USD BILLION)
    6.9 KEY CONFERENCES AND EVENTS 2024–2025 
          TABLE 5 KEY CONFERENCES AND EVENTS 2024–2025
    6.10 TARIFF AND REGULATORY LANDSCAPE 
           6.10.1 TARIFF RELATED TO SILICONE MARKET
                     TABLE 6 AVERAGE TARIFF RATES FOR HS 3910, BY COUNTRY, 2022
           6.10.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND  OTHER ORGANIZATIONS
                     TABLE 7 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 8 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 9 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 10 REST OF WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.11 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 22 PORTER’S FIVE FORCES ANALYSIS
           TABLE 11 PORTER’S FIVE FORCES ANALYSIS
           6.11.1 THREAT OF NEW ENTRANTS
           6.11.2 THREAT OF SUBSTITUTES
           6.11.3 BARGAINING POWER OF SUPPLIERS
           6.11.4 BARGAINING POWER OF BUYERS
           6.11.5 INTENSITY OF COMPETITIVE RIVALRY
    6.12 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR  KEY END-USE INDUSTRIES
                     TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY END-USE INDUSTRIES (%)
           6.12.2 BUYING CRITERIA
                     FIGURE 24 KEY BUYING CRITERIA FOR TOP END-USE INDUSTRIES
                     TABLE 13 KEY BUYING CRITERIA FOR TOP END-USE INDUSTRIES
    6.13 CASE STUDY ANALYSIS 
           6.13.1 SUSTAINABLE TRANSFORMATION AT KUWAIT AIRPORT ENABLED BY SILICONE SEALANTS
                    6.13.1.1 Challenge
                    6.13.1.2 Solution
           6.13.2 ENHANCING SAFETY AND EFFICIENCY IN DATA CENTER INFRASTRUCTURE WITH SILICONE SOLUTIONS
                    6.13.2.1 Challenge
                    6.13.2.2 Solution
           6.13.3 ELEVATING ARCHITECTURE WITH STRUCTURAL SILICONE GLAZING
                    6.13.3.1 Challenge
                    6.13.3.2 Solution
    6.14 MACROECONOMIC INDICATORS 
           6.14.1 GLOBAL GDP OUTLOOK
                     TABLE 14 GLOBAL GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)
           6.14.2 CONSTRUCTION INDUSTRY AS PERCENTAGE OF GDP AND ITS IMPACT ON SILICONE MARKET
                     TABLE 15 CONSTRUCTION AS PERCENTAGE OF GDP, BY KEY COUNTRY, 2022
           6.14.3 GLOBAL AUTOMOBILE PRODUCTION AND GROWTH
                     TABLE 16 GLOBAL AUTOMOBILE PRODUCTION (UNIT) AND GROWTH, BY COUNTRY, 2021–2022
 
7 SILICONE MARKET, BY TYPE (Page No. - 84)
    7.1 INTRODUCTION 
          FIGURE 25 ELASTOMERS DOMINATED SILICONE MARKET IN 2023
          TABLE 17 SILICONE MARKET, BY TYPE, 2018–2021 (USD MILLION)
          TABLE 18 SILICONE MARKET, BY TYPE, 2018–2021 (THOUSAND TON)
          TABLE 19 SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
          TABLE 20 SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
    7.2 ELASTOMERS 
           7.2.1 USE IN TRANSPORTATION INDUSTRY  TO DRIVE MARKET
    7.3 FLUIDS 
           7.3.1 UV RESISTANCE BENEFITS TO DRIVE DEMAND IN TRANSPORTATION AND COSMETICS INDUSTRIES
    7.4 RESINS 
           7.4.1 HIGH DEMAND IN BUILDING & CONSTRUCTION INDUSTRY  TO DRIVE MARKET
    7.5 GELS & OTHER PRODUCTS 
           7.5.1 GROWING DEMAND FROM MEDICAL & HEALTHCARE INDUSTRY  TO DRIVE MARKET
 
8 SILICONE MARKET, BY END-USE INDUSTRY (Page No. - 89)
    8.1 INTRODUCTION 
          FIGURE 26 INDUSTRIAL PROCESSES END-USE INDUSTRY TO LEAD MARKET DURING FORECAST PERIOD
          TABLE 21 SILICONE MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
          TABLE 22 SILICONE MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND TON)
          TABLE 23 SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
          TABLE 24 SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
    8.2 INDUSTRIAL PROCESSES 
           8.2.1 HYDROLYSIS RESISTANCE BENEFITS TO DRIVE DEMAND
    8.3 BUILDING & CONSTRUCTION 
           8.3.1 INCREASING USE OF SILICONE ADHESIVES, COATINGS, AND SEALANTS TO DRIVE MARKET
    8.4 TRANSPORTATION 
           8.4.1 INCREASING FUEL EFFICIENCY TO BOOST SILICONE DEMAND
    8.5 PERSONAL CARE & CONSUMER PRODUCTS 
           8.5.1 VERSATILITY AND UNIQUENESS OF SILICONES TO DRIVE DEMAND
    8.6 ELECTRONICS 
           8.6.1 EMERGING TRENDS IN ELECTRONICS INDUSTRY TO DRIVE  DEMAND
    8.7 MEDICAL & HEALTHCARE 
           8.7.1 VERSATILITY, BIOCOMPATIBILITY, LOW SURFACE TENSION, HIGH PERMEABILITY, AND PRESSURE-SENSITIVE PROPERTIES  TO DRIVE MARKET
    8.8 ENERGY 
           8.8.1 APPLICATIONS IN SOLAR PANELS AND WIND TURBINES  TO DRIVE MARKET
    8.9 OTHER END-USE INDUSTRIES 
 
9 SILICONE MARKET, BY REGION (Page No. - 96)
    9.1 INTRODUCTION 
          FIGURE 27 INDIA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD MARKET
          FIGURE 28 ASIA PACIFIC TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
          TABLE 25 SILICONE MARKET, BY REGION, 2022–2029 (USD MILLION)
          TABLE 26 SILICONE MARKET, BY REGION, 2022–2029 (THOUSAND TON)
    9.2 ASIA PACIFIC 
           9.2.1 RECESSION IMPACT
                    FIGURE 29 ASIA PACIFIC: SILICONE MARKET SNAPSHOT
                    TABLE 27 ASIA PACIFIC: SILICONE MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                    TABLE 28 ASIA PACIFIC: SILICONE MARKET, BY COUNTRY, 2022–2029 (THOUSAND TON)
                    TABLE 29 ASIA PACIFIC: SILICONE MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 30 ASIA PACIFIC: SILICONE MARKET, BY TYPE, 2018–2021 (THOUSAND TON)
                    TABLE 31 ASIA PACIFIC: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                    TABLE 32 ASIA PACIFIC: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                    TABLE 33 ASIA PACIFIC: SILICONE MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 34 ASIA PACIFIC: SILICONE MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND TON)
                    TABLE 35 ASIA PACIFIC: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                    TABLE 36 ASIA PACIFIC: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.2.2 CHINA
                    9.2.2.1 Increasing industrial activities to drive market
                                TABLE 37 CHINA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 38 CHINA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 39 CHINA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 40 CHINA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.2.3 JAPAN
                    9.2.3.1 Demand for lightweight passenger vehicles and growing electronics industry to drive market
                                TABLE 41 JAPAN: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 42 JAPAN: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 43 JAPAN: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 44 JAPAN: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.2.4 INDIA
                    9.2.4.1 Growing construction industry and rapid industrialization to drive market
                                TABLE 45 INDIA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 46 INDIA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 47 INDIA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 48 INDIA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.2.5 SOUTH KOREA
                    9.2.5.1 Government investments in end-use industries to drive market
                                TABLE 49 SOUTH KOREA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 50 SOUTH KOREA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 51 SOUTH KOREA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 52 SOUTH KOREA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (THOUSAND TON)
           9.2.6 AUSTRALIA
                    9.2.6.1 Increasing infrastructure development to drive market
                                TABLE 53 AUSTRALIA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 54 AUSTRALIA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 55 AUSTRALIA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 56 AUSTRALIA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.2.7 REST OF ASIA PACIFIC
                    TABLE 57 REST OF ASIA PACIFIC: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                    TABLE 58 REST OF ASIA PACIFIC: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                    TABLE 59 REST OF ASIA PACIFIC: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                    TABLE 60 REST OF ASIA PACIFIC: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (THOUSAND TON)
    9.3 EUROPE 
           9.3.1 RECESSION IMPACT
                    FIGURE 30 EUROPE: SILICONE MARKET SNAPSHOT
                    TABLE 61 EUROPE: SILICONE MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                    TABLE 62 EUROPE: SILICONE MARKET, BY COUNTRY, 2022–2029 (THOUSAND TON)
                    TABLE 63 EUROPE: SILICONE MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 64 EUROPE: SILICONE MARKET, BY TYPE, 2018–2021 (THOUSAND TON)
                    TABLE 65 EUROPE: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                    TABLE 66 EUROPE: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                    TABLE 67 EUROPE: SILICONE MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 68 EUROPE: SILICONE MARKET, BY END-USE INDUSTRY, 2018–2021 (THOUSAND TON)
                    TABLE 69 EUROPE: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                    TABLE 70 EUROPE: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.3.2 GERMANY
                    9.3.2.1 Superior resistance of silicones to ozone, oxygen, and UV light to drive demand in construction industry
                                TABLE 71 GERMANY: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 72 GERMANY: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 73 GERMANY: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 74 GERMANY: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.3.3 FRANCE
                    9.3.3.1 Increasing use of silicones in personal care & cosmetic products to drive market
                                TABLE 75 FRANCE: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 76 FRANCE: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 77 FRANCE: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 78 FRANCE: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.3.4 UK
                    9.3.4.1 Growing demand for silicone elastomers in building  & construction industry to drive market
                                TABLE 79 UK: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 80 UK: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 81 UK: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 82 UK: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.3.5 ITALY
                    9.3.5.1 Development of industrial and manufacturing sectors to  drive market
                                TABLE 83 ITALY: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 84 ITALY: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 85 ITALY: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 86 ITALY: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.3.6 RUSSIA
                    9.3.6.1 Immense growth potential of construction industry to  drive market
                                TABLE 87 RUSSIA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 88 RUSSIA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 89 RUSSIA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 90 RUSSIA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.3.7 REST OF EUROPE
                    TABLE 91 REST OF EUROPE: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                    TABLE 92 REST OF EUROPE: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                    TABLE 93 REST OF EUROPE: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                    TABLE 94 REST OF EUROPE: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (THOUSAND TON)
    9.4 NORTH AMERICA 
           9.4.1 RECESSION IMPACT
                    TABLE 95 NORTH AMERICA: SILICONE MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                    TABLE 96 NORTH AMERICA: SILICONE MARKET, BY COUNTRY, 2022–2029 (THOUSAND TON)
                    TABLE 97 NORTH AMERICA: SILICONE MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 98 NORTH AMERICA: SILICONE MARKET, BY TYPE, 2018–2021 (THOUSAND TON)
                    TABLE 99 NORTH AMERICA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                    TABLE 100 NORTH AMERICA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                    TABLE 101 NORTH AMERICA: SILICONE MARKET, BY END-USE INDUSTRY,  2018–2021 (USD MILLION)
                    TABLE 102 NORTH AMERICA: SILICONE MARKET, BY END-USE INDUSTRY,  2018–2021 (THOUSAND TON)
                    TABLE 103 NORTH AMERICA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                    TABLE 104 NORTH AMERICA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (THOUSAND TON)
           9.4.2 US
                    9.4.2.1 Growth of industrial processes segment to drive demand for silicones
                                TABLE 105 US: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 106 US: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 107 US: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 108 US: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.4.3 CANADA
                    9.4.3.1 Growth in residential and public infrastructure to drive market
                                TABLE 109 CANADA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 110 CANADA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 111 CANADA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 112 CANADA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.4.4 MEXICO
                    9.4.4.1 Rising industrialization to drive market
                                TABLE 113 MEXICO: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 114 MEXICO: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 115 MEXICO: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 116 MEXICO: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
    9.5 SOUTH AMERICA 
           9.5.1 RECESSION IMPACT
                    TABLE 117 SOUTH AMERICA: SILICONE MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                    TABLE 118 SOUTH AMERICA: SILICONE MARKET, BY COUNTRY, 2022–2029 (THOUSAND TON)
                    TABLE 119 SOUTH AMERICA: SILICONE MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 120 SOUTH AMERICA: SILICONE MARKET, BY TYPE, 2018–2021 (THOUSAND TON)
                    TABLE 121 SOUTH AMERICA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                    TABLE 122 SOUTH AMERICA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                    TABLE 123 SOUTH AMERICA: SILICONE MARKET, BY END-USE INDUSTRY,  2018–2021 (USD MILLION)
                    TABLE 124 SOUTH AMERICA: SILICONE MARKET, BY END-USE INDUSTRY,  2018–2021 (THOUSAND TON)
                    TABLE 125 SOUTH AMERICA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                    TABLE 126 SOUTH AMERICA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (THOUSAND TON)
           9.5.2 BRAZIL
                    9.5.2.1 Fiscal sustainability and structural reforms to drive market
                                TABLE 127 BRAZIL: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 128 BRAZIL: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 129 BRAZIL: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 130 BRAZIL: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.5.3 ARGENTINA
                    9.5.3.1 Industrial growth to fuel demand for silicone elastomers
                                TABLE 131 ARGENTINA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 132 ARGENTINA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 133 ARGENTINA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 134 ARGENTINA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.5.4 REST OF SOUTH AMERICA
                    TABLE 135 REST OF SOUTH AMERICA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                    TABLE 136 REST OF SOUTH AMERICA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                    TABLE 137 REST OF SOUTH AMERICA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                    TABLE 138 REST OF SOUTH AMERICA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (THOUSAND TON)
    9.6 MIDDLE EAST & AFRICA 
           9.6.1 RECESSION IMPACT
                    TABLE 139 MIDDLE EAST & AFRICA: SILICONE MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
                    TABLE 140 MIDDLE EAST & AFRICA: SILICONE MARKET, BY COUNTRY, 2022–2029 (THOUSAND TON)
                    TABLE 141 MIDDLE EAST & AFRICA: SILICONE MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 142 MIDDLE EAST & AFRICA: SILICONE MARKET, BY TYPE, 2018–2021 (THOUSAND TON)
                    TABLE 143 MIDDLE EAST & AFRICA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                    TABLE 144 MIDDLE EAST & AFRICA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                    TABLE 145 MIDDLE EAST & AFRICA: SILICONE MARKET, BY END-USE INDUSTRY,  2018–2021 (USD MILLION)
                    TABLE 146 MIDDLE EAST & AFRICA: SILICONE MARKET, BY END-USE INDUSTRY,  2018–2021 (THOUSAND TON)
                    TABLE 147 MIDDLE EAST & AFRICA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                    TABLE 148 MIDDLE EAST & AFRICA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (THOUSAND TON)
           9.6.2 SAUDI ARABIA
                    9.6.2.1 Investment in construction industry to drive demand for silicones
                                TABLE 149 SAUDI ARABIA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 150 SAUDI ARABIA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 151 SAUDI ARABIA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 152 SAUDI ARABIA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (THOUSAND TON)
           9.6.3 UAE
                    9.6.3.1 Growth of building & construction industry  to drive market
                                TABLE 153 UAE: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 154 UAE: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 155 UAE: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 156 UAE: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
                    9.6.3.2 Rest of GCC
                                TABLE 157 REST OF GCC: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 158 REST OF GCC: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 159 REST OF GCC: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 160 REST OF GCC: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.6.4 TURKEY
                    9.6.4.1 Investments in construction projects to drive market
                                TABLE 161 TURKEY: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 162 TURKEY: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 163 TURKEY: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 164 TURKEY: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (THOUSAND TON)
           9.6.5 SOUTH AFRICA
                    9.6.5.1 Rapid urbanization and growing demand for sustainable building to drive market
                                TABLE 165 SOUTH AFRICA: SILICONE MARKET, BY TYPE, 2022–2029 (USD MILLION)
                                TABLE 166 SOUTH AFRICA: SILICONE MARKET, BY TYPE, 2022–2029 (THOUSAND TON)
                                TABLE 167 SOUTH AFRICA: SILICONE MARKET, BY END-USE INDUSTRY, 2022–2029 (USD MILLION)
                                TABLE 168 SOUTH AFRICA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (THOUSAND TON)
           9.6.6 REST OF MIDDLE EAST & AFRICA
                    TABLE 169 REST OF MIDDLE EAST & AFRICA: SILICONE MARKET, BY TYPE,  2022–2029 (USD MILLION)
                    TABLE 170 REST OF MIDDLE EAST & AFRICA: SILICONE MARKET, BY TYPE,  2022–2029 (THOUSAND TON)
                    TABLE 171 REST OF MIDDLE EAST & AFRICA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (USD MILLION)
                    TABLE 172 REST OF MIDDLE EAST & AFRICA: SILICONE MARKET, BY END-USE INDUSTRY,  2022–2029 (THOUSAND TON)
 
10 COMPETITIVE LANDSCAPE (Page No. - 170)
     10.1 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             TABLE 173 OVERVIEW OF STRATEGIES ADOPTED BY KEY SILICONE PLAYERS
     10.2 MARKET SHARE ANALYSIS 
             FIGURE 31 SHARE OF KEY PLAYERS IN SILICONE MARKET, 2023
             TABLE 174 SILICONE MARKET: DEGREE OF COMPETITION
             10.2.1 MARKET RANKING ANALYSIS
                        FIGURE 32 RANKING OF TOP FIVE PLAYERS IN SILICONE MARKET
     10.3 REVENUE ANALYSIS 
             FIGURE 33 REVENUE ANALYSIS FOR KEY COMPANIES IN SILICONE MARKET OVER LAST FIVE YEARS
     10.4 COMPANY VALUATION AND FINANCIAL METRICS 
             FIGURE 34 COMPANY VALUATION (USD BILLION)
             FIGURE 35 FINANCIAL MATRIX: EV/EBITDA RATIO
     10.5 PRODUCT/BRAND COMPARISON 
             FIGURE 36 SILICONE MARKET: PRODUCT COMPARISON
     10.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             10.6.1 STARS
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE PLAYERS
             10.6.4 PARTICIPANTS
                        FIGURE 37 SILICONE MARKET: COMPANY EVALUATION MATRIX, 2023
             10.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                        FIGURE 38 SILICONE MARKET: COMPANY FOOTPRINT (15 COMPANIES)
                        TABLE 175 SILICONE MARKET: REGIONAL FOOTPRINT (15 COMPANIES)
                        TABLE 176 SILICONE MARKET: TYPE FOOTPRINT (15 COMPANIES)
                        TABLE 177 SILICONE MARKET: END-USE INDUSTRY FOOTPRINT (15 COMPANIES)
     10.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 RESPONSIVE COMPANIES
             10.7.3 DYNAMIC COMPANIES
             10.7.4 STARTING BLOCKS
                        FIGURE 39 SILICONE MARKET: STARTUPS/SMES EVALUATION MATRIX, 2023
             10.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                        TABLE 178 SILICONE MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 179 SILICONE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.8 COMPETITIVE SCENARIOS AND TRENDS 
             10.8.1 PRODUCT/SERVICE LAUNCHES
                        TABLE 180 SILICONE MARKET: PRODUCT/SERVICE LAUNCHES, JULY 2019–APRIL 2024
             10.8.2 DEALS
                        TABLE 181 SILICONE MARKET: DEALS, AUGUST 2019–MARCH 2024
             10.8.3 EXPANSIONS
                        TABLE 182 SILICONE MARKET: EXPANSIONS, APRIL 2019–SEPTEMBER 2023
 
11 COMPANY PROFILES (Page No. - 205)
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
     11.1 KEY PLAYERS 
             11.1.1 WACKER CHEMIE AG
                        TABLE 183 WACKER CHEMIE AG: COMPANY OVERVIEW
                        FIGURE 40 WACKER CHEMIE AG: COMPANY SNAPSHOT (2023)
                        TABLE 184 WACKER CHEMIE AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 185 WACKER CHEMIE AG: PRODUCT LAUNCHES, JULY 2019 – FEBRUARY 2024
                        TABLE 186 WACKER CHEMIE AG: DEALS, OCTOBER 2021–MARCH 2022
                        TABLE 187 WACKER CHEMIE AG: EXPANSIONS, APRIL 2019–SEPTEMBER 2023
             11.1.2 SHIN-ETSU CHEMICAL CO., LTD.
                        TABLE 188 SHIN-ETSU CHEMICAL CO., LTD.: COMPANY OVERVIEW
                        FIGURE 41 SHIN-ETSU CHEMICAL CO. LTD.: COMPANY SNAPSHOT (2023)
                        TABLE 189 SHIN-ETSU CHEMICAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 190 SHIN-ETSU CHEMICAL CO., LTD.: PRODUCT LAUNCHES, JULY 2020– MARCH 2024
                        TABLE 191 SHIN-ETSU CHEMICAL CO., LTD.: EXPANSIONS, MAY 2020–SEPTEMBER 2023
             11.1.3 ELKEM ASA
                        TABLE 192 ELKEM ASA: COMPANY OVERVIEW
                        FIGURE 42 ELKEM ASA: COMPANY SNAPSHOT (2023)
                        TABLE 193 ELKEM ASA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 194 ELKEM ASA: PRODUCT LAUNCHES, MARCH 2023–APRIL 2024
                        TABLE 195 ELKEM ASA: DEALS, AUGUST 2019–JANUARY 2024
                        TABLE 196 ELKEM ASA: EXPANSIONS, DECEMBER 2020–OCTOBER 2022
             11.1.4 DOW INC.
                        TABLE 197 THE DOW CHEMICAL COMPANY: COMPANY OVERVIEW
                        FIGURE 43 DOW INC.: COMPANY SNAPSHOT (2023)
                        TABLE 198 THE DOW CHEMICAL COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 199 THE DOW CHEMICAL COMPANY: PRODUCT LAUNCHES, OCTOBER 2020–MARCH 2023
                        TABLE 200 DOW INC.: EXPANSIONS, JULY 2021–MARCH 2022
             11.1.5 MOMENTIVE PERFORMANCE MATERIALS INC.
                        TABLE 201 MOMENTIVE PERFORMANCE MATERIALS INC.: COMPANY OVERVIEW
                        TABLE 202 MOMENTIVE PERFORMANCE MATERIALS INC.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 203 MOMENTIVE PERFORMANCE MATERIALS INC.: PRODUCT LAUNCHES, AUGUST 2019
                        TABLE 204 MOMENTIVE PERFORMANCE MATERIALS INC.: DEALS, NOVEMBER 2020–MARCH 2024
                        TABLE 205 MOMENTIVE PERFORMANCE MATERIALS INC.: EXPANSIONS, OCTOBER 2020– FEBRUARY 2023
             11.1.6 GELEST INC.
                        TABLE 206 GELEST INC.: COMPANY OVERVIEW
                        TABLE 207 GELEST INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 208 GELEST INC.: DEALS, OCTOBER 2020
             11.1.7 EVONIK INDUSTRIES AG
                        TABLE 209 EVONIK INDUSTRIES AG: COMPANY OVERVIEW
                        FIGURE 44 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT (2023)
                        TABLE 210 EVONIK INDUSTRIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 211 EVONIK INDUSTRIES AG: PRODUCT LAUNCHES, OCTOBER 2019–OCTOBER 2023
                        TABLE 212 EVONIK INDUSTRIES AG: DEALS, DECEMBER 2022–FEBRUARY 2023
                        TABLE 213 EVONIK INDUSTRIES AG: EXPANSIONS, JUNE 2019–OCTOBER 2021
             11.1.8 INNOSPEC INC.
                        TABLE 214 INNOSPEC INC.: COMPANY OVERVIEW
                        FIGURE 45 INNOSPEC INC.: COMPANY SNAPSHOT (2023)
                        TABLE 215 INNOSPEC INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 216 INNOSPEC INC: EXPANSIONS, MAY 2021–JUNE 2022
             11.1.9 SPECIALTY SILICONE PRODUCTS, INC.
                        TABLE 217 SPECIALTY SILICONE PRODUCTS, INC.: COMPANY OVERVIEW
                        TABLE 218 SPECIALTY SILICONE PRODUCTS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.10 HOSHINE SILICON INDUSTRY CO., LTD.
                        TABLE 219 HOSHINE SILICON INDUSTRY CO., LTD.: COMPANY OVERVIEW
                        TABLE 220 HOSHINE SILICON INDUSTRY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 221 HOSHINE SILICON INDUSTRY CO., LTD.: EXPANSIONS, DECEMBER 2021–MAY 2022
     11.2 OTHER PLAYERS 
             11.2.1 ZHEJIANG XINAN CHEMICAL INDUSTRIAL GROUP CO., LTD.
             11.2.2 REISS MANUFACTURING, INC.
             11.2.3 SILTECH CORPORATION
             11.2.4 KANEKA CORPORATION
             11.2.5 CHT GROUP
             11.2.6 GENESEE POLYMERS CORPORATION
             11.2.7 SILICONE SOLUTIONS, INC.
             11.2.8 SILICONE ENGINEERING LTD.
             11.2.9 ZHEJIANG SUCON SILICONE CO., LTD.
             11.2.10 SILTEQ LTD.
             11.2.11 KONARK SILICONE TECHNOLOGIES
             11.2.12 SUPREME SILICONES INDIA PVT. LTD.
             11.2.13 SHENZHEN SQUARE SILICONE CO., LTD.
             11.2.14 GUANGZHOU OTT NEW MATERIALS CO., LTD.
             11.2.15 CSL SILICONES, INC.
 
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
 
12 ADJACENT & RELATED MARKET (Page No. - 258)
     12.1 SILICONE ELASTOMERS MARKET 
             12.1.1 INTRODUCTION
             12.1.2 LIMITATIONS
             12.1.3 MARKET DEFINITION
             12.1.4 MARKET OVERVIEW
             12.1.5 SILICONE ELASTOMERS MARKET, BY TYPE
                        TABLE 222 SILICONE ELASTOMERS MARKET, BY TYPE, 2017–2022 (USD MILLION)
                        TABLE 223 SILICONE ELASTOMERS MARKET, BY TYPE, 2023–2029 (USD MILLION)
                        TABLE 224 SILICONE ELASTOMERS MARKET, BY TYPE, 2017–2022 (KILOTON)
                        TABLE 225 SILICONE ELASTOMERS MARKET, BY TYPE, 2023–2029 (KILOTON)
             12.1.6 SILICONE ELASTOMERS MARKET, BY PROCESS
                        TABLE 226 SILICONE ELASTOMERS MARKET, BY PROCESS, 2017–2022 (USD MILLION)
                        TABLE 227 SILICONE ELASTOMERS MARKET, BY PROCESS, 2023–2029 (USD MILLION)
                        TABLE 228 SILICONE ELASTOMERS MARKET, BY PROCESS, 2017–2022 (KILOTON)
                        TABLE 229 SILICONE ELASTOMERS MARKET, BY PROCESS, 2023–2029 (KILOTON)
             12.1.7 SILICONE ELASTOMERS MARKET, BY END-USE INDUSTRY
                        TABLE 230 SILICONE ELASTOMERS MARKET, BY END-USE INDUSTRY, 2017–2022 (USD MILLION)
                        TABLE 231 SILICONE ELASTOMERS MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
                        TABLE 232 SILICONE ELASTOMERS MARKET, BY END-USE INDUSTRY, 2017–2022 (KILOTON)
                        TABLE 233 SILICONE ELASTOMERS MARKET, BY END-USE INDUSTRY, 2023–2029 (KILOTON)
             12.1.8 SILICONE ELASTOMERS MARKET, BY REGION
                        TABLE 234 SILICONE ELASTOMERS MARKET, BY REGION, 2017–2022 (USD MILLION)
                        TABLE 235 SILICONE ELASTOMERS MARKET, BY REGION, 2023–2029 (USD MILLION)
                        TABLE 236 SILICONE ELASTOMERS MARKET, BY REGION, 2017–2022 (KILOTON)
                        TABLE 237 SILICONE ELASTOMERS MARKET, BY REGION, 2023–2029 (KILOTON)
 
13 APPENDIX (Page No. - 267)
     13.1 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     13.2 CUSTOMIZATION OPTIONS 
     13.3 RELATED REPORTS 
     13.4 AUTHOR DETAILS 

The study involved four major activities for estimating the current global size of the silicone market. Exhaustive secondary research was conducted to gather 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. Both the top-down and bottom-up approaches were employed to estimate the overall size of the silicone market. After that, market breakdown and data triangulation procedures were used to determine 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, 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 breakdown of the profiles of primary respondents is as follows:

Breakdown of Primary Interviews

Silicone Market Size, and Share

Notes: Companies are classified based on their revenue–Tier 1 = >USD 7 billion, Tier 2 = USD 500 million to USD 7 billion, and Tier 3 = <USD 500 million.

Others include sales, marketing, and product managers.

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

Market Size Estimation

Both the top-down and bottom-up approaches were 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, split, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.

Silicone Market Size, and Share

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

Silicone Market Size, and Share

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.

In addition, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources—top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.

Market Definition

Silicones are high-performance specialty polymers comprising siloxane. They are produced by reacting silicon and methyl chloride and treating the reaction product with water. They have unique properties among all polymers due to the presence of organic groups with a chain of inorganic atoms. They have high heat and oxidative stability; outstanding low-temperature flexibility; and resistance to various chemicals, weathering, ozone, and ultraviolet (UV) sunlight.

Silicones are used in various end-use industries due to their high heat resistance and eco-friendly nature. They exist in various forms, ranging from fluids, resins, and gels to tough, stiff, and strong elastomers. These are stable and inert compounds widely used in almost all modern end-use industries, including building & construction, transportation, personal care & consumer products, electronics, medical & healthcare, industrial process, and energy.

Key Stakeholders

  • Silicone Manufacturers
  • Silicone Traders, Distributors, Contractors, and Suppliers
  • End-use Industry Participants of Different Segments of the Silicone Market
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Research and Consulting Firms
  • R&D Institutions
  • Environmental Support Agencies
  • Investment Banks and Private Equity Firms

Research Objectives

  • To estimate and forecast the silicone market, in terms of value and volume
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To define, describe, and forecast the market size, based on type, end-use industry,  and region
  • To forecast the market size along with segments and submarkets, in key regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America along with their key countries
  • To strategically analyze micro markets, with respect to individual growth trends, prospects, and their contribution to the total market
  • To analyze growth opportunities in the market for stakeholders and provide details on the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments, such as merger & acquisition, expansion & investment, agreement, and new product development in the silicone market

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)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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