Silicones Market Report 2018-2023 | Industry Trends, Market Share, Size, Growth and Opportunities

Global Silicones Market Research Report, Trends, Growth, Size and Forecast Till 2023

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Report Description and Highlights

Report Description

Silicones Market Report By Type (Elastomers, Fluids, Gels and Resins), Application (Industrial Processes, Construction Materials, Home and Personal Care, Transportation, Energy, Healthcare, Electronics and Others), Region The global silicones market has witnessed a positive growth on account of a significant shift in the preferences of consumers towards the use of eco-friendly products along with increasing applications of silicones across the electronics, paints, construction and food industries.

Market Overview: Silicones, or polydialkylsiloxanes, belong to a modern class of synthetic materials which are made by reacting silicon first with methyl chloride and then with water. They are odourless, have a rubber-like texture and are available in different forms. Some of the characteristics of silicones include flexibility, stability, permeability to gases, low glass transition temperature, as well as a high resistance to moisture, chemicals, heat, cold and ultraviolet radiation. A new research report by IMARC Group, titled “Silicones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20182023”, estimates that the global silicones market reached a volume of around 2.05 Million Metric Tons in 2017. The report further anticipates the market to reach a volume of 3 Million Metric Tons by 2023, at a projected CAGR of more than 5% over the forecast period.

Report Description and Highlights

Report Description

Global Silicones Market Drivers/Constraints: • •

• •

There has been an increase in the usage of silicones for the production of sealants, thermal and electrical insulation, and adhesives owing to their rubber-like quality and heat resistant nature.

This has created new opportunities for the growth of the silicones market.

As compared to petrochemicals, products manufactured using silicones generate less carbon dioxide as well as other greenhouse gas emissions. This has, in turn, contributed towards an augmented demand for silicones in numerous end-use industries such as electronics, paints, construction and food.

Some of the factors which have been positively influencing the growth of the market include an increase in infrastructure development along with the expansion of production facilities in emerging nations.

There has been a continuous rise in the prices of key raw materials used for the production of silicones including methyl chloride and silicon metal. This acts as a major hindrance which is impeding the growth of the global silicones market.

Silicones Market Segmentation: Market Segmentation by Product Type Request for a sample report: https://www.imarcgroup.com/request?type=report&id=878&flag=B

Market Forecast

Sample Figure: Global: Silicones Market Forecast: Sales Volume (in Million Tons), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description o o o o

Elastomers Fluids Gels Resins

On the basis of type, the market has been segmented into elastomers, fluids, gels and resins. Amongst these, elastomers represent the largest segment owing to their increasing usage in the construction, automotive and transportation industries.

Market Segmentation by Application • • • • • • • •

Industrial Processes Construction Materials Home and Personal Care Transportation Energy Healthcare Electronics Others

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Market Segmentation

Report Description

Based on application, the market has been segregated into industrial processes, construction, home and personal care, transportation, and energy. Currently silicones are being mostly used in industrial processes as they offer enhanced resistance and durability in industrial coatings, and also improve the performance of lubricants.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

On a geographical front, Asia-Pacific currently accounts for the majority of the global share of the silicones market. This can be attributed to strong growth in the major end-use industries such as personal care and consumer products, medical and healthcare, energy, etc. Asia-Pacific is followed by Europe, North America, Latin America, and Middle East and Africa.

Competitive Landscape:

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description

The silicones market is concentrated in nature with only a small number of manufacturers sharing majority of the total market share. Some of the leading players operating in the market are: • • • • •

DOW WACKER ShinEtsu Momentive Elkem

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Report Description and Highlights

Report Description

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