Silicone Market Report 2023 (Global Edition)

Global Silicone Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Silicone Industry growth. Silicone market has been segmented with the help of its Type, End Use , and others. Silicone market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Report scope is customizable as we have a huge database of Silicone industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.

By Type, the Elastomers segment has the largest revenue share of Silicone Market!

Based on type, the elastomers segment has the largest revenue share in the silicone market. Silicone elastomers are in great demand because of rising demand in the medical, electronics, personal care, and automotive industries. Silicone elastomers are frequently utilized in the automotive and consumer products industries because they are corrosion- and chemical-resistant. Silicone elastomers are suited for the medical end-use market thanks to qualities including biocompatibility, toughness, and severe temperature tolerance. Due to their exceptional electric capabilities, silicone elastomers are also widely employed in the electronics end-use industry.

• Elastomers
• Fluids
• Resins
• Gels & Other products

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Silicone Industry. Request a Free Sample PDF!

End Use Segment Analysis of Silicone Market

Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Silicone Market.

Some of the key End Use of Silicone are:

• Building & Construction
• Transportation
• Personal Care & Consumer Products
• Industrial Process
• Electronics
• Medical & Healthcare
• Energy

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Silicone market report 2023 Edition by contacting our team.

Asia Pacific Silicone Market accounted for the largest market share!

Asia Pacific has the largest revenue share in the silicone market. China, India, Japan, and South Korea make up the majority of silicone markets in the Asia Pacific region. The biggest user of silicone in the area is the industrial process. The expansion of the transportation and building & construction sectors has increased the region's need for silicones because of the expanding economy and rise in disposable income. India in the Asia Pacific region had the greatest CAGR in the silicone market over the projection period, followed by China, South Korea, and Japan.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Silicone Industry News

In York, South Carolina, Elkem inaugurates a new, highly specialized facility for the production of high-purity medical silicones. (September 2022)
In York, South Carolina, Elkem will debut its brand-new, specialized facility for manufacturing ultra-pure medical silicones. This brand-new 18,000-square-foot facility is equipped with cutting-edge ISO-certified Class 7 and Class 8 clean rooms and is intended to create high-purity silicone materials that satisfy the demands of the MedTech and Pharma markets.

Source: https://www.elkem.com/media/news-articles/new-facility-in-york/#:~:text=Elkem%20opens%20its%20new%20facility%20in%20York%2C%20S.C.&text=Designed%20to%20produce%20high%20purity,and%20Class%208%20clean%20rooms.

Top Companies Market Share in Silicone Industry: (In no particular order of Rank)

• Dow Corning Corporation
• Wacker Chemie AG
• 3M Company
• BASF SE
• Bluestar Silicones International
• Kaneka
• KCC Corporation
• Momentive Performance Materials
• Evonik Industries
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