Global Silicones Market–Trends, Insights and Forecast (2021-2027)

  • Publish Date
    December 6, 2021
  • No of Pages
    395
  • SKU Code
    GIR 5159
  • Format

Global Silicones Market – Overview

  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Global Silicones Market ” by various segments at a global and regional level for the 2014-2027 period, with 2014-2019 as historical data, 2020 as a base year, 2021 as an estimated year and 2021-2027 as forecast period.

Global Silicones Market – Introduction

  • Silicones belong to the family of polymers, which comprises of siloxanes and silanes that are derived from pure silicon. They are produced by the reduction of silicon dioxide (silica) in the form of sand with carbon at high temperatures. Silicones are produced in three steps: synthesis of chlorosilanes, hydrolysis of chlorosilanes, and condensation polymerization. They exhibit excellent properties such as superior weathering and aging resistance, thermo stability, high water repellency, chemical resistance, strong electrical insulation, and super anti-foaming properties, which make them suitable for utilization in numerous end-use applications such as personal care & consumer products, automotive & transportation, building & construction, medical & healthcare, industrial process, and others.
  • As per our analysis, some of the important market factors and trends identified in the global silicones market include rapid urbanization, technological advancement, and continuous growth of medical & healthcare sector. Moreover, increasing use of silicones in the manufacturing of high-performance OEM along with rising automotive production and sales in emerging economies is predicted to fuel the growth of the market during the assessment period. Implementation of new emission regulation by many developed countries along with shifting automotive manufacturers on the utilization of lightweight material is estimated to drive the growth of the market. Growing commercial, as well as institutional construction activities in the developing countries coupled with the continuous expansion of building & construction industry, is predicted to propel the demand for these polymers. Furthermore, increasing disposable income along with rising use of personal care products such as lotions, cleansers, and conditioners are estimated to drive the market growth over the estimated period. However, fluctuating raw material price along with high energy price is expected to hamper the growth of the market.

Global Silicones Market Report Scope

  • The scope of the report covers the clear understanding and overview of the product.
  • Analysis of market trends in the region, with market data considering 2020 as the base year, 2021 as the estimate year and forecast for 2027 with projection of CAGR from 2021 to 2027.
  • The report covers discussion of economic trends and technology.
  • Market estimates represent revenue.
  • In-depth analysis of the market segmentation assists in determining the prevailing market scope.
Attribute Details
Market size available for years 2014–2027
Base year considered 2020
Forecast period 2021–2027
Historical period 2014-2019
Forecast units Value (USD) & Volume (Million Units)
Forecast units Value (USD) & Volume (Million Units)
Segmentation By Regions
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
By Countries
United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Indonesia, Malaysia, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Netherlands, Norway, Brazil, Argentina, Mexico, South Africa and 54 Others.
By Type
Elastomers, Fluids, Resins, Gels and Other
By End-User
Industrial Process, Building & Construction, Transportation, Personal Care & Consumer Products, Medical & Healthcare, Electronics, Energy and Others (agriculture, packaging, textile, sporting goods, and aquaculture)
Companies covered Arkema Group; Ashland Global Holdings, Inc.; BASF SE; CHT Germany GmbH; Compagnie De Saint-Gobain SA; CSL Silicones Inc.; DowDupont Inc.; Emerald Performance Materials LLC; Elkem ASA; Evonik Industries AG; Gelest Inc., Kaneka Corporation; KCC Corporation, Milliken Chemical; Momentive; NuSil Technology LLC; Innospec Inc.; Primasil Silicones Limited; Reiss Manufacturing Inc.; Rogers Corporation; Shin-Etsu Chemical Co., Ltd.; Siltech Corporation; Silteq Ltd.; Specialty Silicone Products, Inc.;  Wacker Chemie AG; Zhejiang Xin’an Chemical Group Co., Ltd. and Others.

Segments Covered in Global Silicones Market

  • The global silicones market is categorized on the basis of type, application, and regions. On the basis of the type, the market is segmented into resins, fluids, gels, and elastomer. On the basis of the application, the market is classified as building & construction, personal care & consumer products, automotive & transportation, medical & healthcare, industrial process, and others. Other application include, electrical & electronics, paper, textile, and energy. On the basis of the regions, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Covid-19 Impact on the Global Silicones Market

  • The global silicone market includes major Tier I and II suppliers 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). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted their businesses as well.
  • These players have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for silicone is expected to decline in 2020. Manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from tier 1 manufacturers.

Recent Developments in Global Silicones Market

  • In September 2019, Wacker Chemie AG planned to expand its R&D activity in silicon-based materials for high-performance batteries and acquired a 25% stake in British specialist Nexeon Ltd.
  • In May 2019, a group of South Korean companies (KCC Corp., Wonik QnC, and SJL Partners) completed the acquisition of Momentive Performance Materials for about USD 3.1 billion. This will give them a bigger presence in South Korea, leading to new opportunities with global manufacturers.

Key Market Players in Global Silicones Market

  • The major players in the Global Silicones Market are Arkema Group; Ashland Global Holdings, Inc.; BASF SE; CHT Germany GmbH; Compagnie De Saint-Gobain SA; CSL Silicones Inc.; DowDupont Inc.; Emerald Performance Materials LLC; Elkem ASA; Evonik Industries AG; Gelest Inc., Kaneka Corporation; KCC Corporation, Milliken Chemical; Momentive; NuSil Technology LLC; Innospec Inc.; Primasil Silicones Limited; Reiss Manufacturing Inc.; Rogers Corporation; Shin-Etsu Chemical Co., Ltd.; Siltech Corporation; Silteq Ltd.; Specialty Silicone Products, Inc.;  Wacker Chemie AG; Zhejiang Xin’an Chemical Group Co., Ltd. and others.
  • Also, the Global Silicones Market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities

Objectives of the Global Silicones Market Study

  • To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the Global Silicones Market.
  • To analyze the competitive intelligence of players based on company profiles and their key growth strategies.
  • To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total Global Silicones Market.
  • To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the Global Silicones Market.
  • A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.

Note

 

  • Global Industry Reports will also support you post-purchase for a period of 6 months to answer any of your queries related to the following market and to provide you any more data if you need, for your analysis.
  • Also, you can buy some selected Chapters from the report.

GLOBAL SILICONES MARKET – INTRODUCTION

Global Silicones Market Objectives of the study

Global Silicones Market definition

Global Silicones Market scope

Global Silicones Market Stakeholders

Global Silicones Market Limitations

Summary of changes

GLOBAL SILICONES MARKETRESEARCH METHODOLOGY

Research data

Secondary data

Primary data

Market size estimation

Market breakdown & data triangulation

Market share analysis

Risk assessment/limitations

Assessment of the impact of covid-19 on the economic scenario

EXECUTIVE SUMMARY

GLOBAL SILICONES MARKET OUTLOOK / MARKET OVERVIEW

Introduction

Market dynamics

Market drivers

Superior properties of silicone

High demand for silicone in the electronics industry

Countries

Market restraints

Stringent regulatory policies for silicone

Opportunities

Development of antimicrobial silicone elastomers for the healthcare industry

Growing demand in the transportation industry

High market potential in structural silicone glazing

Challenges

Fluctuating raw material prices

INDUSTRY INSIGHTS

Introduction

Industry trends

Strategic benchmarking

Pricing analysis

Value chain analysis

Ecosystem analysis

Patent analysis

Trade analysis

IMPACT OF COVID-19 ON THE GLOBAL SILICONES MARKET

GLOBAL SILICONES MARKET, BY TYPE

Elastomers

Fluids

Resins

Gels

And Other Products.

GLOBAL SILICONES MARKET, BY END-USE

Industrial Process

Building & Construction

Transportation

Personal Care & Consumer Products

Medical & Healthcare

Electronics

Energy

Others (agriculture, packaging, textile, sporting goods, and aquaculture)

 

GLOBAL SILICONES MARKET, BY GEOGRAPHY

Overview

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

Rest of the World

Latin America

Middle East & Africa

 

COMPETITIVE LANDSCAPE

Introduction

Footprint analysis of the top players in the global silicones market

Product & service portfolio matrix

Market share analysis

Company evaluation quadrant

Company evaluation quadrant for start-ups/smes

Competitive scenario

COMPANY PROFILES

(Business overview, Products & services offered, Recent Developments, Competitive analysis, SWOT Analysis,)

  1. The Dow Chemical Company
  2. Wacker Chemie AG
  3. Shin-Etsu Chemical Co. Ltd.
  4. Elkem ASA
  5. Momentive
  6. KCC Corporation
  7. Evonik Industries AG
  8. Gelest Inc.
  9. Innospec Inc.

and others.

APPENDIX

Discussion guide

Available customizations

Related reports

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

Frequently Asked Questions ?

 

The silicones market is highly competitive and has many global, regional, and domestic players who have a very strong presence in the market. These players have strong and well-established procurement and distribution networks, which help in cost-efficient production.

The major players in the Global Silicones Market are

Arkema Group; Ashland Global Holdings, Inc.; BASF SE; CHT Germany GmbH; Compagnie De Saint-Gobain SA; CSL Silicones Inc.; DowDupont Inc.; Emerald Performance Materials LLC; Elkem ASA; Evonik Industries AG; Gelest Inc., Kaneka Corporation; KCC Corporation, Milliken Chemical; Momentive; NuSil Technology LLC; Innospec Inc.; Primasil Silicones Limited; Reiss Manufacturing Inc.; Rogers Corporation; Shin-Etsu Chemical Co., Ltd.; Siltech Corporation; Silteq Ltd.; Specialty Silicone Products, Inc.;  Wacker Chemie AG; Zhejiang Xin’an Chemical Group Co., Ltd. and others.

The growth of the silicones market is attributed to the increase in its demand for numerous applications, particularly for the industrial process and electronics end-use industry.

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