Silicones Market share is expected to garner $20,784 million by 2022, registering a CAGR of 4.9% during the forecast period 2016‐2022. Silicones, or polysiloxanes are high-performance oligomers or polymers with an alternating silicon oxygen backbone, formed with aliphatic or aromatic side groups. They are considered as a modern class of synthetic materials in which siloxane functional group forms the backbone and can take a variety of physical forms, such as solids, semi-viscous pastes, oils, and more. They are produced by reacting silicon with methyl chloride and a further reaction with water. Silicones are resistant to high & low temperatures and find applications in several products used across a wide range of end-user industries. Silicones are beneficial owing to their heat resistance and rubber-like quality. This is perhaps why they are used widely in the manufacture of sealants, adhesives, lubricants, medicine, thermal & electrical insulation, and cooking. The ability of silicones to withstand great stress and extreme temperatures makes it useful for aviation & aerospace industries. In the construction industry, silicones are used in the building of high-performance structures. It is used as an energy-efficient and green material in the process of construction. The manufacturers of silicone are carefully complying with the regulations and norms drawn by the public authorities from the U.S., Europe, and Asia to safeguard human health and the environment.
Market Dynamics Impact Analysis, 2015 vs. 2022
The focus on the usage of environment-friendly products that have less emission of greenhouse gases has popularized the use of silicones. The growing infrastructure activities in emerging countries will drive the silicones market size in the coming days. Silicones are widely preferred in place of plastic, as they are more ocean-friendly and highly durable. It is considered eco-friendly as it doesn’t not pose toxic problems for aquatic and soil organisms. Silicone is also odor-free and stain-resistant, making it hygienic and hypoallergenic. Apart from the driving factors, the market is also going to experience external barriers. Silicones are mainly used as adhesives, sealants, and coatings in these sectors. In addition, silicone rubbers are widely used as sculptor materials make accurate reproductions of original sculpture. Silicone-based products also contribute toward energy savings and greenhouse-gas emission reduction, which increases its popularity in the end-user market. The rising cost of key raw materials, methyl chloride & silicon metal hinders the market growth. Emerging economies in Asia-Pacific, such as India, Indonesia, and Thailand, offer various opportunities for the growth of the silicones industry owing to the rapidly growing end-user industries in these countries. The silicones market forecast for the next few years appears promising in different regions globally.
The global silicones industry is segmented on the basis of type, end user, and geography. Based on different types, the market is classified into categories including elastomers, fluids, resins, and gels. Silicones find applications in various industries, such as building & construction, transportation, electronics, medical, textile & leather, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Global Silicones Market Revenue, By Type, 2015 (%)
The silicones market share, with its surging demand in end applications, witnessed a high growth during the past few years, and this growth trend is estimated to continue in the future too. Key players in the market invest huge capital in R&D activities to develop enhanced products, which helps to meet current demand areas including advanced medical science. Major players in the silicones market are Shin-Etsu Chemical Co., Ltd. (Japan), Dow Corning Corporation (U.S.), Momentive Performance Materials Inc. (U.S.), Wacker Chemie AG (Germany), and Bluestar Silicones International Co., Ltd. (France).
- The report provides an in-depth analysis of the global silicones market size and estimations from 2014 to 2022, including information about the current market situation, changing market dynamics, expected silicones market trends, and market intelligence.
- The factors that drive and impede the growth of the global silicones market share are comprehensively analyzed in this study.
- Porter’s Five Forces model and SWOT analysis illustrate the potency of buyers and sellers.
- The report contains a comprehensive study of the key strategies adopted by companies to gain competitive advantage in the market.
- A micro-level silicones market analysis is conducted based on type, end user, and region.
SILICONE MARKET KEY SEGMENTS:
BY END USER
- Building & Construction
- Textile & Leather
- Others (Paints & Coatings, Cosmetics, Paper)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa