Global Silicone Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Silicone Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Technology (Elastomers, and Fluids), End-user (Transportation, Construction Materials, Electronics, Healthcare, Industrial Processes, Personal Care and Consumer Products, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
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.