Silicones Market by Material Type (Adhesives, Elastomers, Emulsions), Form (Liquid, Solid), End-User Industry - Global Forecast 2024-2030
Description
Silicones Market by Material Type (Adhesives, Elastomers, Emulsions), Form (Liquid, Solid), End-User Industry - Global Forecast 2024-2030
The Silicones Market size was estimated at USD 19.54 billion in 2023 and expected to reach USD 21.08 billion in 2024, at a CAGR 8.30% to reach USD 34.15 billion by 2030.
Silicones, also known as polysiloxanes, are a diverse family of synthetic polymers that are derived from silicon, a naturally occurring element. Structurally, they consist of repeating units of siloxane, which consist of a chain of alternating silicon and oxygen atoms frequently combined with carbon and hydrogen. Silicones are known for their thermal stability, chemical inertness, and resistance to weathering, UV radiation, and extreme temperatures. The versatile nature of silicones enables their use across different sectors, including automotive, electronics, construction, personal care, and medical devices. In these industries, silicones can be found in forms such as lubricants, adhesives, sealants, gels, and coatings. Their ability to function as both conductors and insulators also makes them essential in the field of electronics. However, there may be operational challenges in the processing of silicones, requiring specialized equipment and expertise. Additionally, the presence of alternatives to silicones and environmental concerns about using silicone products hampers the widespread adoption of silicones. However, manufacturers are constantly exploring innovations to provide sustainable silicones and researching eco-friendly production methods to reduce environmental impact. Developing new silicone materials with improved properties, such as increased temperature resistance or elasticity, could provide new avenues of growth for the industry.
Regional Insights
The Americas region, particularly the U.S. and Canada, is characterized by the presence of robust and developed electronics and medical sectors, which drives the demand for advanced silicone sealants and adhesives. Furthermore, the presence of key silicone product manufacturers and constant innovations to improve silicone product performance and production contribute to expanded growth. Recent investments in the U.S. and Canada aim to increase production capacities and develop new, sustainable silicone solutions. The demand for silicone in the European Union is driven by strict regulatory standards regarding manufacturing and product quality. The E.U.'s focus on environmental sustainability also influences consumer behaviors and purchasing decisions toward eco-friendly silicone products. The Asia Pacific region is one of the most dynamic in the silicone market, characterized by rapid industrialization and growth in key end-use industries such as electronics, automotive, and construction. China, Japan, and India constitute some of the largest contributors to the silicone market in this region due to their extensive manufacturing bases and growing consumer markets. In China, the government's focus on high-tech industries has boosted the demand for silicones in the electronics and renewable energy sectors.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Silicones Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Growing adoption of electronics and digital devices across the world
- Rising construction activities for commercial and residential buildings
- Preference for bio-garde tubings and coatings in medical and cosmetic settings
- Market Restraints
- Technical limitations and environmental concerns of using silicones
- Market Opportunities
- Advancements to improve the performance and production of silicone and its products
- Initiatives to promote sustainable silicones and expand recycling activities
- Market Challenges
- Presence of alternatives and issues related to the manufacturing of silicone
- Market Segmentation Analysis
- Material Type: Adoption of silicone as elastomer in electrical insulation due to its superior dielectric properties
- End-User Industry: Expansion of construction initiatives across the world driving the need for silicones
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Silicones Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Silicones Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Zhermack Advances Medical Silicone Applications with Newly Certified Biocompatible Products
Zhermack Wellbeing Division announced that its silicone products, ZA SFX 0020 and ZA SFX 10 WT 10, have successfully passed biocompatibility tests, allowing them to be safely in contact with the skin for over thirty days. These room-temperature vulcanizing silicones (RTV-2) are proven for use in medical applications such as removable prostheses, silicone liners, medical simulators, anti-decubitus cushions, and therapeutic hosiery.
Semperit Group Announces the Acquisition of Austrian Rico Group GmbH
The Semperit Group has announced the acquisition of Rico Group GmbH, a distinguished global player in the field of silicone injection molds and liquid silicone component manufacturing. This acquisition is aimed to enhance Semperit's two-century expertise in elastomers by incorporating Rico's cutting-edge toolmaking capabilities, expansive automation know-how, and expanded market reach, particularly in North America.
Dow Expands Portfolio of Silicone-Based Products for Photovoltaic Assembly
Dow Inc. has announced an expansion of its silicone sealant offerings to support the photovoltaic module assembly market, reinforcing the global shift towards renewable energy sources. The introduction of the DOWSIL PV Product Line, featuring six silicone-based sealants and adhesives, caters to a wide range of needs, such as frame sealing, rail bonding, and junction box potting, particularly servicing the growth in building integrated photovoltaic (BIPV) installations
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Silicones Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Silicones Market, highlighting leading vendors and their innovative profiles. These include Advanced Polymers Ltd., ALSTONE Industries Pvt. Ltd., BASF SE, Butser Rubber Ltd., CHT Group, CSL Silicones Inc., Dow Inc., Elkay Chemicals Pvt. Ltd., Elkem ASA, Evonik Industries AG, Gelest Inc. by Mitsubishi Chemical Corporation, GGF TMRubber Sp. z o. o., Hutchinson Group, Innospec Inc., Kaneka Corporation, Kemira Oyj, Momentive Performance Materials Inc., Nano Tech Chemical Brothers Private Limited, Primasil Silicones Limited, Reiss Manufacturing, Inc., Shin-Etsu Chemical Co., Ltd., Silchem Inc., Silicone Engineering Limited, Silicone Solutions, Inc. by TECHSiL Ltd, Silkot Silicones, Siltech Corporation, Silteq Ltd., Specialty Silicone Products, Inc., Supreme Silicones India Pvt. Ltd., and Wacker Chemie AG.
Market Segmentation & Coverage
This research report categorizes the Silicones Market to forecast the revenues and analyze trends in each of the following sub-markets:- Material Type
- Adhesives
- Elastomers
- High Temperature Vulcanized
- Liquid Silicone Rubber
- Room Temperature Vulcanized
- Emulsions
- Fluids
- Modified Silicone Fluids
- Straight Silicone Fluids
- Gels
- Resins
- Methyl Silicone Resins
- Phenyl Silicone Resins
- Silicone Greases
- Form
- Liquid
- Solid
- End-User Industry
- Building & Construction
- Electronics
- Energy
- Healthcare
- Manufacturing
- Personal Care & Consumer Products
- Transportation
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
191 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing adoption of electronics and digital devices across the world
- 5.1.1.2. Rising construction activities for commercial and residential buildings
- 5.1.1.3. Preference for bio-garde tubings and coatings in medical and cosmetic settings
- 5.1.2. Restraints
- 5.1.2.1. Technical limitations and environmental concerns of using silicones
- 5.1.3. Opportunities
- 5.1.3.1. Advancements to improve the performance and production of silicone and its products
- 5.1.3.2. Initiatives to promote sustainable silicones and expand recycling activities
- 5.1.4. Challenges
- 5.1.4.1. Presence of alternatives and issues related to the manufacturing of silicone
- 5.2. Market Segmentation Analysis
- 5.2.1. Material Type: Adoption of silicone as elastomer in electrical insulation due to its superior dielectric properties
- 5.2.2. End-User Industry: Expansion of construction initiatives across the world driving the need for silicones
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter’s Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework Analysis
- 5.9. Client Customization
- 6. Silicones Market, by Material Type
- 6.1. Introduction
- 6.2. Adhesives
- 6.3. Elastomers
- 6.4. Emulsions
- 6.5. Fluids
- 6.6. Gels
- 6.7. Resins
- 6.8. Silicone Greases
- 7. Silicones Market, by Form
- 7.1. Introduction
- 7.2. Liquid
- 7.3. Solid
- 8. Silicones Market, by End-User Industry
- 8.1. Introduction
- 8.2. Building & Construction
- 8.3. Electronics
- 8.4. Energy
- 8.5. Healthcare
- 8.6. Manufacturing
- 8.7. Personal Care & Consumer Products
- 8.8. Transportation
- 9. Americas Silicones Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Silicones Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Silicones Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Zhermack Advances Medical Silicone Applications with Newly Certified Biocompatible Products
- 12.3.2. Semperit Group Announces the Acquisition of Austrian Rico Group GmbH
- 12.3.3. Dow Expands Portfolio of Silicone-Based Products for Photovoltaic Assembly
- 12.3.4. Shin-Etsu Silicones Unveils Anhydrous Silicone Emulsion System
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
Pricing
Currency Rates
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