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Silicone Global Market Report 2022 – By Product Type (Elastomers, Fluids, Gels, Other Product Types), By Application (Construction, Transportation, Electrical & Electronics, Textiles, Personal Care & Pharmaceuticals, Other Applications), By End-User (Industrial, Electronics, Machinery, Aerospace, Medical) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : October 2022 | SKU CODE : 7316 | Delivery Time: 2-3 business days | Format :


The silicone market consists of sales of silicone and related services for usage in the manufacturing of lubricants and synthetic rubber. They are characterised by their thermal stability, hydrophobic nature, and physiological inertness. Silicone (except resins) is widely used in the medical industry to manufacture surgical implants and dental impression materials.

The main product types of silicone are elastomers, fluids, gels, and other products. Elastomers are polymers that have viscosity and elasticity and therefore are known as viscoelasticity. The silicone products are applied in construction, transportation, electrical and electronics, textiles, personal care and pharmaceuticals, and other applications that are used by industrial, electronics, machinery, aerospace, and medical sectors.

The silicone market research report is one of a series of new reports from The Business Research Company that provides silicone market statistics, including silicone industry global market size, regional shares, competitors with a silicone market share, detailed silicone market segments, market trends and opportunities, and any further data you may need to thrive in the silicone industry. This silicone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global silicone (except resins) market grew from $80.24 billion in 2021 to $88.07 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The silicone (except resins) market is expected to grow to $117.21 billion in 2026 at a CAGR of 7.4%.

Rising demand for silicone in different industries is expected to propel the silicone market. Silicone materials are being extensively used in industries such as construction, transportation, electrical & electronics, textiles, personal care, and pharmaceuticals. Silicone materials such as silicone sealants, adhesives, and coatings have major applications in construction. Also, in the electronics sector, silicon is used to provide high thermal stability and resistance to weathering, ozone, moisture, and UV radiation in electronic products.

Rising prices of raw materials, adding to the manufacturing costs, are expected to restrain the growth of the silicone market. The low availability of raw silicone resulting from the shutting down of the manufacturing facilities is considered to be an important factor affecting the prices of silicone materials. The shutdown of silicone production facilities in Germany, the USA, and China due to different environmental factors and government sustainability policies has disrupted the supply of silicone in recent years. This has increased pressure on the manufacturers to raise the prices of silicone materials. For instance, companies such as Wacker Chemie AG, Elkem Silicones, Shin-Etsu Chemical Co., and Momentive Performance Materials Inc. increased silicone elastomer prices by 10% to 30% due to an increase in raw material and energy costs. Therefore, fluctuations in the prices of raw materials are expected to hamper the silicone market's growth.

The increasing demand for green chemicals is driving the growth of the silicone market. The silicone market is positively affected by the increasing stress on the use of environmentally friendly materials. Silicone products are regarded as environmentally friendly and more durable than plastic products. For instance, in 2019, the Canadian Health Department reported on its website stated that there are no health risks associated with the use of silicone cookware instead of plastic cookware.

In 2019, Elkem ASA, a Norway-based leading silicone manufacturer, acquired Basel Chemie Co., Ltd. for an undisclosed amount. Elkem ASA’s silicone gel manufacturing capabilities were strengthened through the acquisition of Basel Chemie Co., Ltd. Basel Chemie Co., Ltd. is a South Korea-based company that specialises in manufacturing silicone gels for use in cosmetics and water repellents.

Major players in the silicone market are Wacker-Chemie GmbH, CSL Silicones, Specialty Silicone Products Incorporated, Evonik Industries AG, Kaneka Corporation, Dow Corning Corporation, Momentive, Elkem ASA, and Gelest Inc.

The Asia Pacific was the largest region in the silicone market. The regions covered in the silicone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the silicone market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

The global silicone  market is segmented -

1) By Product Type: Elastomers, Fluids, Gels, Other Product Types  

2) By Application: Construction, Transportation, Electrical & Electronics, Textiles, Personal Care & Pharmaceuticals, Other Applications  

3) By End Userr: Industrial, Electronics, Machinery, Aerospace, Medical

    Table Of Contents

    1. Executive Summary

    2. Silicone market Characteristics

    3. Silicone Market – Macro Economic Scenario

    3.1 COVID-19 Impact On Silicone Market

    3.2 Ukraine-Russia War Impact On Silicone Market

    3.3 Impact Of High Inflation On Silicone Market  

    4. Silicone market Size And Growth

    4.1. Global Silicone Historic Market, 2016 - 2021, $ Billion

    4.1.1. Drivers Of The Market

    4.1.2. Restraints On The Market

    4.2. Global Silicone Forecast Market, 2021- 2026F, 2031F, $ Billion

    4.2.1. Drivers Of The Market

    4.2.2. Restraints On the Market

    5. Silicone market Segmentation

    5.1. Global Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    Elastomers

    Fluids

    Gels

    Other Product Types

    5.2. Global Silicone market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    Construction

    Transportation

    Electrical & Electronics

    Textiles

    Personal Care & Pharmaceuticals

    Other Applications

    5.3. Global Silicone market, Segmentation By End Userr, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    Industrial

    Electronics

    Machinery

    Aerospace

    Medical

    6. Silicone market Regional And Country Analysis

    6.1. Global Silicone market, Split By Region, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    6.2. Global Silicone market, Split By Country, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    7. Asia-Pacific Silicone market  

    7.1. Asia-Pacific Silicone market Overview  

    7.2. Asia-Pacific Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    8. China Silicone market  

    8.1. China Silicone market Overview  

    8.2. China Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F,$ Billion

    9. India Silicone market  

    9.1. India Silicone market Overview  

    9.2. India Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    10. Japan Silicone market  

    10.1. Japan Silicone market Overview  

    10.2. Japan Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    11. Australia Silicone market  

    11.1. Australia Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    12. Indonesia Silicone market  

    12.1. Indonesia Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    13. South Korea Silicone market  

    13.1. South Korea Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    14. Western Europe Silicone market  

    14.1. Western Europe Silicone market Overview

    14.2. Western Europe Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    15. UK Silicone market  

    15.1. UK Silicone market Overview

    15.2. UK Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    16. Germany Silicone market  

    16.1. Germany Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    17. France Silicone market  

    17.3. France Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    18. Eastern Europe Silicone market  

    18.1. Eastern Europe Silicone market Overview

    18.2. Eastern Europe Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    19. Russia Silicone market  

    19.1. Russia Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    20. North America Silicone market  

    20.1. North America Silicone market Overview

    20.2. North America Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    21. USA Silicone market  

    21.1. USA Silicone market Overview

    21.2. USA Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    22. South America Silicone market  

    22.1. South America Silicone market Overview

    22.2. South America Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    23. Brazil Silicone market  

    23.1. Brazil Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    24. Middle East Silicone market  

    24.1. Middle East Silicone market Overview

    24.2. Middle East Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    26. Africa Silicone market  

    26.1. Africa Silicone market Overview

    26.2. Africa Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion

    26. Silicone market Competitive Landscape And Company Profiles

    26.1. Silicone market Competitive Landscape

    26.2. Silicone market Company Profiles

    26.2.1. Wacker-Chemie GmbH

    26.2.1.1. Overview

    26.2.1.2. Products and Services

    26.2.1.3. Strategy

    26.2.1.4. Financial Performance

    26.2.2. CSL Silicones

    26.2.2.1. Overview

    26.2.2.2. Products and Services

    26.2.2.3. Strategy

    26.2.2.4. Financial Performance

    26.2.3. Specialty Silicone Products Incorporated

    26.2.3.1. Overview

    26.2.3.2. Products and Services

    26.2.3.3. Strategy

    26.2.3.4. Financial Performance

    26.2.4. Evonik Industries AG

    26.2.4.1. Overview

    26.2.4.2. Products and Services

    26.2.4.3. Strategy

    26.2.4.4. Financial Performance

    26.2.5. Kaneka Corporation

    26.2.5.1. Overview

    26.2.5.2. Products and Services

    26.2.5.3. Strategy

    26.2.5.4. Financial Performance

    27. Key Mergers And Acquisitions In The Silicone market

    28. Silicone market Trends And Strategies

    29. Silicone market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2016-2021, 2026F, 2031F, $ Billion
  • Table 3: Global Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 4: Global Silicone market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 5: Global Silicone market, Segmentation By End Userr, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 6: Global Silicone market, Split By Region, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 7: Global Silicone market, Split By Country, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 9: China, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 10: India, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 11: Japan, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 12: Australia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 13: Indonesia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 14: South Korea, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 15: Western Europe, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 16: UK, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 17: Germany, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 18: France, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 20: Russia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 21: North America, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 22: USA, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 23: South America, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 24: Brazil, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 25: Middle East, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 26: Africa, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Table 27: Wacker-Chemie GmbH Financial Performance
  • Table 28: CSL Silicones Financial Performance
  • Table 29: Specialty Silicone Products Incorporated Financial Performance
  • Table 30: Evonik Industries AG Financial Performance
  • Table 31: Kaneka Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 3: Global Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 4: Global Silicone market, Segmentation By Application, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 5: Global Silicone market, Segmentation By End Userr, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 6: Global Silicone market, Split By Region, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 7: Global Silicone market, Split By Country, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 8: Asia-Pacific, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 9: China, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 10: India, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 11: Japan, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 12: Australia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 13: Indonesia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 14: South Korea, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 15: Western Europe, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 16: UK, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 17: Germany, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 18: France, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 19: Eastern Europe, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 20: Russia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 21: North America, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 22: USA, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 23: South America, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 24: Brazil, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 25: Middle East, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 26: Africa, Silicone market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2026F, 2031F, $ Billion
  • Figure 27: Wacker-Chemie GmbH Financial Performance
  • Figure 28: CSL Silicones Financial Performance
  • Figure 29: Specialty Silicone Products Incorporated Financial Performance
  • Figure 30: Evonik Industries AG Financial Performance
  • Figure 31: Kaneka Corporation Financial Performance
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