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Global Silicones Industry Report: by Application; Country Overview; Value Chain Analysis; Production Process; Cost Structure; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Pricing Model; Key Supplier Analysis, 2022-2027

Silicones Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Silicones market reached a value of about 6.97 MMT in 2021. The industry is projected to grow at a CAGR of around 5.0% in the forecast period of 2022-2027 to reach a value of about 9.34 MMT by 2027.

The global Silicones industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The industry is being propelled by the rise in popularity across various end-user sectors, including construction, personal care, industrial processes, and consumer goods. These materials exhibit several essential characteristics that make them suited for use in various industries. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.

Industry Definition and Segmentation

Silicone or polysiloxane is a polymer composed of (siloxane) silicon and oxygen chains that repeat themselves. These polymers are formed up of inert synthetic chemicals like siloxanes, which are silicon and oxygen atoms with carbon and hydrogen. Sealants, adhesives, lubricants, medication, culinary utensils, thermal insulation, and electrical insulation are silicones. The most prevalent types are oil, silicone grease, silicone rubber, silicone resin, and silicone caulk. The Silicones industry report comprises segments by application (Industrial Processes, Construction Materials, Personal Care and CPG, Transportation, Energy, Healthcare, Electronics) and region (North America, Europe, Asia Pacific, the Middle East, and Africa South America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific region holds a significant share in the market due to factors such as increased availability of raw materials, low labour costs, and more market penetration opportunities in end-use industries such as consumer products, electronics, healthcare, energy, transportation, industrial process, construction, and personal care.

The market is being propelled by the increasing use of the product in various industries. It is used to seal joints and apertures in a structure's metal frame system, roofing, flashing penetrations and terminations, building material expansion joints, interior perimeters of doors, and baseboards and mouldings in the construction segment. It is employed to make textiles, paper, leather packaging, labels, airbags, etc., and is utilised as a solvent, adhesive, wetting agent, and anti-foaming agent in the following applications. The product is also used in a variety of operations in the textile industry, including the creation of yarns and the completed product as it gives the yarn or fabric lubrication, foam control, and softening. The commodity is one of the most versatile materials, with applications in various sectors. They have distinctive qualities such as durability, dielectricity, adhesion, foam control, discharge safety, UV stability, glossiness, transparency, radiation resistance, hydrophobicity, heat resistance, and flexibility, allowing them to be employed in various industries.

However, silicone's adverse health effects are anticipated to impede the market's expansion.

Best Procurement Practices

The global Silicones industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Silicones regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

The initial stage in silicone manufacturing is to separate silicon from silica. This is accomplished by heating a considerable volume of quartz sand to up to 1800 degrees Celsius. Consequently, pure, isolated silicon is produced, which is subsequently cooled and crushed into a fine powder. This fine silicon powder is mixed with methyl chloride and heated again to form silicone. Heat causes a reaction between the two components, resulting in the formation of methyl chlorosilane. Methyl chlorosilane is a mixture of many chemicals, the most important of which is dimethyldichlorosilane, the primary silicone component. To convert dimethyldichlorosilane to silicone, a complicated distillation process separates the different parts of the methyl chlorosilane. Because the boiling points of various chlorosilanes vary, this may be accomplished by heating the mixture to a succession of exact temperatures. After distillation, water is introduced to dimethyldichlorosilane, causing it to split into disilanol and hydrochloric acid. The disilanol is subsequently converted to polydimethylsiloxane due to the hydrochloric acid acting as a catalyst. The siloxane bond, which is the backbone of silicone, is present in polydimethylsiloxane. The silicone is then polymerised, depending on the finished product's desired qualities. As a result, silicone has become one of the most preferred elastomers for commercial and industrial applications.

Rising Market Applications is Further Driving the Procurement of Silicones

Silicone rubber is non-toxic and widely utilised in the food industry. Its exceptional properties make it ideal for seals and gaskets that must be steamed or sterilised. It's also used in the electrical and electronics industries because of its high electrical resistance driving the market. It provides a smooth texture, low surface tension, and anti-foaming qualities and does not irritate the skin; hence, it is used in personal care products, deodorants, and cosmetics. Increasing government regulatory intervention across the value chain, i.e., raw material, manufacturing process, and distribution of various grades of silicone products to their end-use applications, is expected to impact silicon prices in various end-use industries over the forecast period. Over the projection period, increased demand for lightweight vehicle components and increased research and development operations to produce new and innovative products are likely to propel overall industry growth.

The regional markets for the industry can be divided into Europe, Asia Pacific, North America, South America, and the Middle East and Africa.

Key Industry Players Mentioned in the Silicones Industry Report

  • Elkem Silicones
  • Dow Chemical Company
  • Wacker Chemie AG 
  • Shin-Etsu Chemical Co., Ltd.,
  • Momentive Inc.

Market Landscape

With the presence of large manufacturing firms worldwide, the market is highly fragmented. The market participant competes primarily based on silicone manufacturing techniques and product quality. Mergers and acquisitions, new and innovative goods, and manufacturing capacity expansions are the most common marketing techniques used by key industry participants. To stay competitive in the silicone market, key companies are employing various methods such as product introduction, acquisition, cooperation, partnership, product development, agreement, and company growth.

Key Initiatives by Companies

  • The Norwegian Research Council awarded Elkem NOK 16 million in December 2021 to create a new silicon manufacturing strategy that eliminates all direct CO2 emissions.
  • WACKER purchased a 60% interest in Jining-based speciality silane maker SICO Performance Material Co., Ltd in October 2021. (China). A similar agreement was signed between WACKER and SICO and will be finalised by the first half of 2022.

1.    Executive Summary
2.    Global Silicones Market Snapshot

    2.1.    Silicones Market Outlook
    2.2.    Silicones Industry Analysis by Application
        2.2.1.    Industrial Processes
        2.2.2.    Construction Materials
        2.2.3.    Personal Care and CPG
        2.2.4.    Transportation
        2.2.5.    Energy
        2.2.6.    Healthcare
        2.2.7.    Electronics
    2.3.    Regional Overview
        2.3.1.    North America
        2.3.2.    Europe
        2.3.3.    Asia Pacific 
        2.3.4.    Latin America
        2.3.5.    MEA
3.    Impact of Recent Events 
4.    Silicones Value Chain Analysis 
5.    Silicones Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    Silicones Cost Structure
9.    Silicones Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Silicones Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Feedstock Market Analysis
    13.1.    Market Overview
    13.2.    Price Analysis 
14.    Industry Best Practices
    14.1.    Sourcing Strategy
    14.2.    Procurement Model
    14.3.    Contract Structure
    14.4.    Negotiation Levers
    14.5.    Pricing Model
    14.6.    Key Factors Influencing the Quotation 
15.    Key Supplier Analysis
    15.1.    Elkem Silicones
    15.2.    Dow Chemical Company
    15.3.    Wacker Chemie AG
    15.4.    Shin-Etsu Chemical Co., Ltd., 
    15.5.    Momentive Inc.

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Key Questions Answered in the Report

The global Silicones market size was valued at 6.97 MMT in 2021.

As per the product type provided, the Elastomers segment is anticipated to lead the market between the period 2022 – 2027.

The significant demand for silicone in manufacturing a wide range of products is one of the essential drivers of the Silicones market growth.

Elkem Silicones, Dow Chemical Company, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., and Ferroglobe PLC are some of the primary companies in the market.

The Asia Pacific region of the Silicones industry holds a significant share in the market.

Analyst Review

The global Silicones market attained a value of 6.97 MMT in 2021, driven by the extensive application of the commodity in a wide range of sectors. The various properties of the product make it a key component in the production of multiple products furthering the market's expansion. Aided by the growing innovations and market applications, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5.0%. The market is projected to reach 9.34 MMT by 2027.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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