Report Highlights
The global market for silicones is expected to grow from $17.4 billion in 2024 and is projected to reach $23.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.0% during the forecast period of 2024 to 2029.
Report Includes
- 67 data tables and 50 additional tables
- An analysis of the current and future global markets for silicones
- Analyses of global market trends, with market revenue data from 2022 to 2023, estimates for 2024, forecasts for 2025, and projected CAGRs through 2029
- Estimates of the market size in terms of value and volume, its revenue prospects, and a market share analysis by product form, end-use industry and region
- Facts and figures pertaining to the market dynamics, technological advances, regulations, and future prospects of silicone polymers in industrial and consumer applications
- A look at recent patent grants
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies
- Analysis of the industry structure, including company market shares, strategic alliances, M&A activity and venture funding outlook
- Company profiles of market leaders, including Wacker Chemie AG, DuPont, Shin-Etsu Chemical Co. Ltd., Dow, Elkem ASA
Report Scope
This report primarily focuses on silicone and its industrial applications in transportation, construction, personal care, energy, healthcare, electronics and others sectors. This report covers some of the parameters of silicone examined by industries and regulatory bodies due to their growing advances and expansions in the numerous industrial sectors. BCC Research analyzed essential categories and regions to determine the present and future silicone market status and forecasted market growth from 2024 to 2029. This report also discusses market strategies, market ESG development, regulatory landscape, key players in countries and market driving forces. It segments the market by region: Asia-Pacific, Europe, North America and the Rest of the World (RoW).
The global silicone market is segmented into:
- Product form: Silicone elastomers, silicone fluids, silicone resins, silicone gels and others.
- End use: Industrial processes, construction, personal care and consumer goods, transportation, energy, healthcare, electronics and others.
The market estimations and size are provided in terms of value ($ Millions) and volume (kilotons), with 2023 serving as the base year and market forecasts given for the period 2024 to 2029. Regional-level market sizes, with respect to product form and end users, are also provided.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $16.5 billion | ||||||||||||||||
| Market size forecast | $23.3 billion | ||||||||||||||||
| Growth rate | CAGR of 6.0% for the forecast period of 2024-2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Product Form, End User, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) | ||||||||||||||||
| Countries covered | China, India, Japan, U.S., Canada, Mexico, Germany, Spain, and France | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Expansion of the construction and automotive industries worldwide
- Increasing demand from packaging, furniture, footwear, and appliance industries
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global silicone market should reach $23.8 billion by 2025 from $17.7 billion in 2020 at a compound annual growth rate (CAGR) of 6.0% for the forecast period of 2020 to 2025.
Report Includes
- 111 data tables and 16 additional tables
- An overview of the global markets for silicones
- Estimation of the market size and analyses of global market trends with data from 2019 to 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Analysis of market size and market estimates, both in terms of volume (Kilotons) and revenue ($ Millions) and market share analysis of the silicones based on region, product form and end use
- Identification of market drivers, restraints and other forces impacting the global market
- Impact of COVID-19 on the silicone industry, and insights into regulatory framework and new product launches
- Coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships and other key market strategies
- Company profiles of major players of the industry, including CHT Germany GmbH, Dow Silicones Corp., Evonik Industries AG, Innospec, Shin-Etsu Chemical and Wacker Chemie AG
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