Global Silicone Market is Expected to Grow at USD 19.78 Billion by 2025

Silicone market is growing at a CAGR 5.5% in the forecast period. Efficient and sustainable properties of silicone to drive the demand in the various end-use industries, but with stringent regulatory policies for silicone in few end-use industries act as a restrain for the silicone market.

Silicone market has shown an exceptional penetration in developed economies. Asia-Pacific is dominating due to rapid increasing demand for silicone from the end-use industries, especially building and construction, personal care and consumer products and transportation.  

Silicone Market Scenario

Silicone is high performance polymers or oligomers which have various forms such as semi-viscous pastes, solids to water-thin liquids, greases and oils. It has unique properties such as seal, bond, and release, lubricate, defoam and encapsulate. They conduct electricity and do not harden, crumble, crack, peel, or brittle with age, due to these physical properties silicone are widely used in automobile, transportation industry. As per the article published by Brand Equity foundation, production of two wheelers, commercial vehicles and passengers vehicles has grown by 11.27% year from April and December in the years 2017 and approximately 21,415,719 vehicles were manufactured. Key players are adopting different strategies such as acquisition, product launch, collaboration, partnership and other to stay competitive in the silicone market, such as ELKEM acquired Basel Chemie, a Korean producer for specialty silicone gels for cosmetics and water repellents for the construction industry.

Now the question is which are the other regions that global silicone market is targeting? Data Bridge Market Research has estimated a large growth in Europe.

For more analysis on the silicone market request for a briefing with our analysts

Scope of the Silicone Market

Silicone market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.

  • All country based analysis of the silicone market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the silicone market is segmented into silicone elastomers, silicone fluids, silicone resins, silicone gels & other products. Based on end-use industry, the silicone market is segmented into segmented into industrial process, building & construction, personal care & consumer products, transportation, electronics, medical & healthcare, energy, others.

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Key Pointers Covered in the Silicone Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Regulatory Framework and Changes
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • DOW Corning 
  • Wacker, Shin-Etsu
  • Momentive
  • Elkem
  • Gelest
  • KCC Corporation 
  • Nusil Technologies (Avantor Performance Materials)
  • Evonik
  • Specialty Silicone Products
  • Kaneka
  • Basf
  • Arkema
  • Siltech Corporation
  • ICM Silicone Group
  • Emerald Performance Materials
  • CSL Silicones
  • Primasil Silicones
  • Roger Corporation 
  • Ashland Global Holdings
  • Silteq
  • Reiss Manufacturing
  • Zhejiang Xinan Chemical Industrial Group
  • Saint-Gobain 

Above are the key players covered in the report, to know about more and exhaustive list of market silicone market companies contact us

Research Methodology: Global Silicone Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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