Market Overview

The Global Silicone Market was valued at USD 20,391.9 million in 2023 and is expected to reach USD 37,188.4 million by 2031 while growing at a CAGR of 7.8% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global silicone market growth. Silicone, a synthetic material within the polymer family, features a backbone composed of repeating silicon-oxygen (Si-O) bonds. With exceptional properties such as flexibility, heat resistance, low toxicity, and water repellency, silicones are widely used across diverse industries. The polymerization process involves bonding silicon atoms with oxygen, carbon, and other elements to create these versatile materials.

Increasing demand in healthcare, end-user industries, and consumer goods, along with personal care, propels the silicone market expansion. Despite this growth, challenges such as raw material price volatility and environmental concerns could impede further progress.

Furthermore, the global silicone industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Technology Analysis

The Global Silicone Market is segmented among Elastomers, and Fluids, based on Technology. In 2023, Elastomers accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Analysis

The Global Silicone Market is segmented among Transportation, Construction Materials, Electronics, Healthcare, Industrial Processes, Personal Care and Consumer Products, and Others, based on End-user. In 2023, Construction Materials accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Silicone Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are BRB International B.V. (PETRONAS Chemicals Group Berhad), CHT Group, Dow, DyStar Singapore Pte Ltd, Elkem ASA, Evonik Industries AG, Hoshine Silicon Industry Co. Ltd, Jiangsu Mingzhu Silicone Rubber Material Co. Ltd, Kaneka Corporation, Mitsubishi Chemical Holdings Corporation, and Momentive.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Silicone Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Cell Isolation Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Silicone Market Segmentation, By Technology

• Global Silicone Market Share Analysis, By Technology

• Global Silicone Market Growth Analysis, By Technology

• Global Silicone Market Trends, By Technology

o Elastomers

o Fluids

6. Global Silicone Market Segmentation, By End-user

• Global Silicone Market Share Analysis, By End-user

• Global Silicone Market Growth Analysis, By End-user

• Global Silicone Market Trends, By End-user

o Transportation

o Construction Materials

o Electronics

o Healthcare

o Industrial Processes

o Personal Care and Consumer Products

o Other

7. Global Silicone Market Segmentation, By Region

• Global Silicone Market Share Analysis, By Region

• Global Silicone Market Growth Analysis, By Region

• Global Silicone Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• BRB International B.V. (PETRONAS Chemicals Group Berhad).*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• CHT Group

• Dow

• DyStar Singapore Pte Ltd

• Elkem ASA

• Evonik Industries AG

• Hoshine Silicon Industry Co. Ltd

• Jiangsu Mingzhu Silicone Rubber Material Co. Ltd

• Kaneka Corporation

• Mitsubishi Chemical Holdings Corporation

• Momentive

 *Similar analysis will be provided for each company listed above.