Global Silicone Market Data and Industry Growth Analysis

Silicone Global Market Report 2020 - By Product Type (Elastomers, Fluids, Gels), By Application (Construction, Transportation, Electrical & Electronics, Textiles, Personal Care & Pharmaceuticals), By End-User (Industrial, Electronics, Machinery, Aerospace, Medical)

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

The global silicone market was worth $120.43 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 6.5% and reach $155.12 billion by 2023.

The silicone market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. In 2019, Asia Pacific was the largest region in the silicone market.

Rising demand of 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 and personal care and pharmaceuticals. Silicone materials such as silicone sealants, adhesives and a coatings have major applications in construction. Also, in 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 is expected to restraint the growth of 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 the silicone materials. The shutdown of silicone production facilities in Germany, USA and China due to different environmental factors and government sustainable policies 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 elastomers prices by 10% to 30% at the end of 2017 and the beginning of 2018 due to an increase in raw material and energy costs. Therefore, fluctuations in the prices of raw materials is expected to hamper the silicone market growth.

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

In 2019, Elkem ASA, a Norway based leading silicone manufacturer, acquired Basel Chemie Co., Ltd for an undisclosed amount. Acquisition of Basel Chemie Co., Ltd was aimed to strengthen Elkem ASA’s silicone gel manufacturing capabilities. Basel Chemie Co.,Ltd. is a South Korea based company that specializes in manufacturing silicone gels for its use in cosmetics and water repellents.

The major players in the global silicone market are Final List of Companies, Wacker-Chemie GmbH, CSL Silicones, Specialty Silicone Products Incorporated, Evonik Industries AG, Kaneka Corporation, Dow Corning Corporation, Momentive, Elkem ASA, Gelest Inc.

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

The Global Silicone Market is segmented:
1) By Product Type: Elastomers, Fluids, Gels, Others.
2) By Application: Construction, Transportation, Electrical & Electronics, Textiles, Personal Care & Pharmaceuticals, Others.
3) By End-User: Industrial, Electronics, Machinery, Aerospace, Medical.

Table Of Contents

1. Executive Summary

2. Silicone market Characteristics

3. Silicone market Size And Growth

3.1. Global Silicone Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Silicone Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Silicone market Segmentation

4.1. Global Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Elastomers

Fluids

Gels

Others

4.2. Global Silicone market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Construction

Transportation

Electrical & Electronics

Textiles

Personal Care & Pharmaceuticals

Others

4.3. Global Silicone market, Segmentation By End-User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Industrial

Electronics

Machinery

Aerospace

Medical

5. Silicone market Regional And Country Analysis

5.1. Global Silicone market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Silicone market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Asia-Pacific Silicone market

6.1. Asia-Pacific Silicone market Overview

6.2. Asia-Pacific Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

7. China Silicone market

7.1. China Silicone market Overview

7.2. China Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

8. India Silicone market

8.1. India Silicone market Overview

8.2. India Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

9. Japan Silicone market

9.1. Japan Silicone market Overview

9.2. Japan Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

10. Australia Silicone market

10.1. Australia Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

11. Indonesia Silicone market

11.1. Indonesia Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

12. South Korea Silicone market

12.1. South Korea Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

13. Western Europe Silicone market

13.1. Western Europe Silicone market Overview

13.2. Western Europe Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

14. UK Silicone market

14.1. UK Silicone market Overview

14.2. UK Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

15. Germany Silicone market

15.1. Germany Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

16. France Silicone market

16.3. France Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

17. Eastern Europe Silicone market

17.1. Eastern Europe Silicone market Overview

17.2. Eastern Europe Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

18. Russia Silicone market

18.1. Russia Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

19. North America Silicone market

19.1. North America Silicone market Overview

19.2. North America Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

20. USA Silicone market

20.1. USA Silicone market Overview

20.2. USA Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

21. South America Silicone market

21.1. South America Silicone market Overview

21.2. South America Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

22. Brazil Silicone market

22.1. Brazil Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

23. Middle East Silicone market

23.1. Middle East Silicone market Overview

23.2. Middle East Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

24. Africa Silicone market

24.1. Africa Silicone market Overview

24.2. Africa Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

25. Silicone market Competitive Landscape And Company Profiles

25.1. Silicone market Competitive Landscape

25.2. Silicone market Company Profiles

25.2.1. Wacker-Chemie GmbH

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. CSL Silicones

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Specialty Silicone Products Incorporated

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Evonik Industries AG

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Kaneka Corporation

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Silicone market

27. Silicone market Trends And Strategies

28. Silicone market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2015-2019, $ Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 3: Global Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 4: Global Silicone market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 5: Global Silicone market, Segmentation By End-User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 6: Global Silicone market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 7: Global Silicone market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 8: Asia-Pacific, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 9: China, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 10: India, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 11: Japan, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 12: Australia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 13: Indonesia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 14: South Korea, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 15: Western Europe, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 16: UK, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 17: Germany, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 18: France, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 19: Eastern Europe, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 20: Russia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 21: North America, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 22: USA, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 23: South America, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 24: Brazil, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 25: Middle East, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 26: Africa, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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, 2015-2019, $ Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 3: Global Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 4: Global Silicone market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 5: Global Silicone market, Segmentation By End-User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 6: Global Silicone market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 7: Global Silicone market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 8: Asia-Pacific, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 9: China, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 10: India, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 11: Japan, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 12: Australia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 13: Indonesia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 14: South Korea, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 15: Western Europe, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 16: UK, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 17: Germany, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 18: France, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 19: Eastern Europe, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 20: Russia, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 21: North America, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 22: USA, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 23: South America, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 24: Brazil, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 25: Middle East, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 26: Africa, Silicone market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ 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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