Silicones Market

Global Silicones Market: 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, 2024-2032

Silicones Market Outlook

The global Silicones Market size was valued approximately 7.24 MMT in the base year of 2021. In 2027, the global Silicones market share is likely to attain a value of around 8.85 MMT. The progress of the market throughout the projected years between 2022-2027 will be increasing at a CAGR of 3%.

The global Silicones market growth 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 global Silicones market, the Asia Pacific holds a controlling share of the sector.

Important News and Events

Aug 2, 2022 - Despite a plunge in silicone prices due to Covid constraints in China, Elkem announced record quarterly earnings (EBITDA) for the three months to Jun 30.

Aug 2, 2022 - WACKER, the global chemical manufacturing and R&D company, will expand their operations with new silicone manufacturing facilities in Charleston, Tennessee. The project includes a USD 200 million investment and is expected to provide 200 jobs in Bradley County.

Market Segmentation by Application and Region with Definition

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.

On the criteria of application, the global Silicones market report is segmented into Industrial Processes, Construction Materials, Personal Care and CPG, Transportation, Energy, Healthcare, Electronics.

Latin America, Africa, Europe, North America, Asia Pacific, and the Middle East are the critical regions the global Silicones market is divided into.

Global Silicones Market Regions Propelling the Growth

The global Silicones market in Asia Pacific is the leading contributor in the market owing to the rise in start-up culture and various initiatives by the government to support the tech market employing silicon extensively. China is the most significant producer of silicon, with a production volume exceeding six million metric tons in 2021. Countries in the region like Bangladesh, Japan, Singapore, Vietnam, and Hong Kong are leading the silicon sector. Several factors boost global Silicones market development, including investment in startups, financial aid, tax relaxations, and legal authorisation.

Category Management Studies

The process begins with the separation of silicon from silica which is accomplished by heating a considerable volume of quartz sand to up to 1800 degrees Celsius. In the course, pure, isolated silicon is produced and then cooled and crushed into a fine powder. The resulting powder is combined with methyl chloride and heated to form silicone. The heating process leads to a reaction between the two components, creating methyl chlorosilane, a mixture of many chemicals, the most important of which is dimethyldichlorosilane, the primary silicone component.

To convert dimethyldichlorosilane to silicone, a complex distillation process separates the different parts of the methyl chlorosilane. After distillation, water is introduced to dimethyldichlorosilane, causing it to split into disilanol and hydrochloric acid. The disilanol is converted to polydimethylsiloxane due to the hydrochloric acid acting as a catalyst. The siloxane bond, the backbone of silicone, is present in polydimethylsiloxane.

Silicon Employment for Semiconductor Manufacturing is Augmenting the Procurement of global Silicones Market Analysis

The primary application of the product is as a semiconductor in solid-state devices in the tech businesses. It is particularly introduced to miniscule quantities of impurities like boron, gallium, phosphorus, or arsenic to modify its conductivity.

Silicon is used in manufacturing alloys, including aluminium-silicon and ferrosilicon (iron-silicon). It is employed in making components like machine tools, engine blocks, cylinder heads etc., furthering the global Silicones market demand.

Silicon is also utilised to make solar panels which can rack up to 111°C temperature furthering the market potential. They are also employed in making waterproof sealant rubber for use in pipes and roofs, washrooms, and windows, etc. Also, the oil derived from silicon is used in products like cosmetics and hair conditioners, creating global Silicones market opportunity in the cosmetics segment.

The regions Latin America, Africa, Europe, North America, Asia Pacific, and the Middle East are crucial areas contributing to the global Silicones market forecast.

Global Silicones Market Key Players

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

Competitive Landscape

Elkem Silicones - Elkem Silicones is a prominent company with a completely incorporated silicone production facility in the global silicones market. They offer their services across North America, the Asia Pacific, Latin America and Europe with production sites, R&I laboratories, and sales offices.

Dow Chemical Company - Dow Inc. operations are divided into Industrial Intermediates & Infrastructure, Packaging & Specialty Plastics, and Performance Materials & Coatings.

Wacker Chemie AG - WACKER is a significant research-intensive chemical company with a wide range of fully developed speciality products from silicones, polymeric binders, and additives. Their products find application in several industrial sectors, including hyperpure silicon for solar and semiconductor applications and bio-engineered pharmaceutical actives (biologics).

Shin-Etsu Chemical Co., Ltd. - Shin-Etsu Chemical Co., Ltd. produces and distributes synthetic resins and other chemical products like fertilizers in Japan and overseas. It also manufactures electronics, including synthetic, semiconductor silicon, and rare earth quartz.

Momentive Inc. - Momentive, based in Waterford, New York, USA, offers a wide range of products crafted from silicone that are employed in numerous market verticals like aerospace, consumer products, automotive, personal care, agriculture, electronics, and building and construction paired with silanes, speciality fluids, and additives. They have over 4,000 customers in more than a hundred countries.

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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