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Silicones are the group of organic silicon polymers containing Si?O?Si linkages. They are typically used in sealants, adhesives, paints and coatings, lubricants, medicine, textile finishing agents, construction chemicals, and high-performance foam stabilizers. The global silicones market in terms of revenue is set to grow by US$ 7 billion during 2021-2027, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period, according to data and analytics company StrategyHelix. Rising construction activity, growth in the electric vehicles and energy segment, and increasing personal incomes, expanding applications for silicones in the transportation, electrical & electronics, and healthcare markets are the key factors driving market growth.
The report provides up-to-date market size data for period 2017-2020 and forecast to 2027 covering key market aspects like sales value for silicones. The global silicones market is segmented on the basis of product, application, region. By product, it is categorized into elastomers, fluids, resins, and others. The elastomers segment held the largest market share in 2020. By application, the silicones market is divided into construction, transportation, electrical & electronics, personal care, healthcare, chemicals, and others. Based on region, the silicones market is divided into North America, Asia Pacific, Europe, and Rest of the World (ROW).
The report has profiled some of the key players of the market such as Dow Silicones Corporation, Elkem ASA, Evonik Industries AG, Momentive Performance Materials Inc., Shin-Etsu Chemical Co. Ltd., Wacker Chemie AG.
The report is an invaluable resource for companies and organizations active in this industry. It provides a cohesive picture of the silicones market to help drive informed decision making for industry executives, policy makers, academic, and analysts.
Report Scope
Product: elastomers, fluids, resins, and others
Application: construction, transportation, electrical & electronics, personal care, healthcare, chemicals, and others
Region: North America, Asia Pacific, Europe, and Rest of the World (ROW)
Years Considered: this report covers the period 2017 to 2027
Key Benefits for Stakeholders
Get a comprehensive picture of the global silicones market
Pinpoint growth sectors and trends for investment
Understand what the future of the global silicones market looks like
Identify the competitive landscape and window of opportunity