Silicone Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Nov 2021

[Online Quarterly Update] Silicon demand stood at 7.21 Million Tonnes in 2020 and is forecast to reach 11.21 Million Tonnes by 2030, growing at a healthy CAGR of 4.55% until 2030. Silicones are polymers manufactured by polymerizing siloxanes which are monomers containing silicon atoms connected by oxygen, carbon and hydrogen atoms. They are of several types including elastomers, resins, fluids, and gels. Silicones have many properties including durability, foam control, adhesion, UV stability, discharge safety, transparency, glossiness, radiation resistance, heat resistance, and flexibility. Due to these properties, Silicones find applications in several end use industries such as building and construction, industrial processes, personal care and consumer products, electronics, transportation, medical and healthcare, energy, etc. Increasing demand from the industries such as construction and electronics is projected to drive the demand for Silicones over the forecast period. Demand growth from other sectors like the personal care and consumer products as well as medical and healthcare sector is also expected to fuel the market for Silicones in the upcoming years. Moreover, stringent regulatory policies regarding the use of Silicones might hinder the demand growth during the forecast period.
 
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on several industries. Construction and electronics were among the most affected industries during the pandemic. This had an impact on the demand for Silicone in the first half of 2020. The demand for Silicone fell during the coronavirus pandemic. However, a surge in the demand for Silicones was observed in the latter half of 2020, after the relaxation in lockdown and resumption of industrial operations with full efficacy. 
 
Region wise, the Asia Pacific region holds the major share of global demand for Silicone due to the increasing demand of application industries such as construction, electronics, personal care, etc. Moreover, increasing population and per capita income in emerging economies like India and China coupled with the growing number of products using Silicone is another factor influencing demand growth in the Asia Pacific region.
 
Major market players who are supplying for the products like The Dow Chemical Company (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd., (Japan), Elkem ASA (Norway), Momentive (US), KCC Corporation (South Korea) suspended their production units present in the countries like US, France, Germany, Italy, and Spain due to the pandemic effects. Thus, the market is expected to suffer a mild setback in the upcoming forecast years.
 
Major players for Silicone globally include Dow, Emerald Performance Materials, Evonik Industries AG, Jiangsu Mingzhu Silicone Rubber Material Co., Ltd, Kaneka Corporation, Shin-Etsu Chemical Co. Ltd, Wynca Group, Hoshine Silicon Industry Co. Ltd, Elkay Chemicals Pvt. Ltd., Supreme Silicones, Specialty Silicone Products, Inc. among others.
 
Years considered for this report:
 
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
 
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Objective of the Study:
 
• To assess the demand-supply scenario of Silicone which covers production, demand and supply of Silicone market globally.
• To analyse and forecast the market size of Silicone.
• To classify and forecast global Silicone market based on type, end-use and regional distribution.
• To identify drivers and challenges for global Silicone market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Silicone market.
• To identify and analyse the profile of leading players involved in the manufacturing of Silicone.
 
 
To extract data for global Silicone market, primary research surveys were conducted with Silicone manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Silicone market over the coming years.
 
ChemAnalyst calculated Silicone demand globally by analyzing the historical data and demand forecast which was carried out considering imported Silicone, prices, materials used for production of Silicone . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
 
Key Target Audience:
 
• Silicone manufacturers and other stakeholders
• Organizations, forums and alliances related to Silicone distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Silicone manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:
 
In this report, global Silicone market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2020
7.21 million tons
Market size volume in 2030
11.21 million tons
Growth Rate
CAGR of 4.55% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2022 – 2030
Quantitative units
Demand in tons and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
 
Segments covered
By End Use: (Building and Construction, Industrial Process, Personal Care and Consumer Products, Electronics, Transportation, Medical and Healthcare, Energy)
By Type: (Elastomers, Fluids, Resins, Gels)
By Sales Channel: (Channel-Direct/Institutional Sales, Indirect Sales)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Dow, Emerald Performance Materials, Evonik Industries AG, Jiangsu Mingzhu Silicone Rubber Material Co., Ltd, Kaneka Corporation, Shin-Etsu Chemical Co. Ltd, Wynca Group, Hoshine Silicon Industry Co. Ltd, Elkay Chemicals Pvt. Ltd., Supreme Silicones, Specialty Silicone Products, Inc. among others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
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Available Customizations:

With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
 
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Frequently Asked Questions (FAQ):

Which are the major drivers for growth in demand of silicone? 

Rise in the demand of construction and electronics industry coupled with the increasing demand of other end use industries is the major driver for growth in the demand of silicone.  

Which region holds the maximum demand share in the Global silicone market as of 2020?

Asia Pacific holds the major demand share of silicone due increasing demand of the end use industries including construction and electronics. Increasing population and per capita income in emerging economies like India and China is also an influencing factor supporting demand rise in Asia Pacific. 

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