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Silicone Market Share

Report ID: GMI297
Published Date: Jul 2022
Report Format: PDF

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Silicone Market Share

Key players operating in the silicone industry include

The Dow Chemical Company
Evonik Industries AG
Elkem ASA
Shin-Etsu Chemical Co., Ltd.
Momentive
KCC Corporation
Wacker Chemie AG

Other players include

Innospec Inc.
Gelest Inc.
Siltech Corporation
Zhejiang Xinan Chemical Industrial Group Co., Ltd.
Reiss Manufacturing Inc.
Kaneka
Primasil Silicones
CHT Group

Industry players are engaged in product launches, R&D investments, and the establishment of new production facilities to enhance their market shares.

In May 2020, Shin-Etsu Chemical Co., Ltd. developed a new technology called ‘Reduced-Platinum Reaction Curing System Technology’. This technology reduces the amount of platinum used in silicone release coatings by about one-half.

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Silicone industry share is divided into resins, elastomers, and fluid products, with applications in consumer goods, electronics, transportation, personal care, construction, and other sectors.

Global silicone market size was more than USD 16.7 billion during 2021 and could expand at over 6% CAGR through 2022-2030.

From the industrial process applications, silicone industry share could surpass USD 7.5 billion by 2030, due to use in paper manufacturing, sealants, industrial coatings, thermal insulation, and other products.

Europe silicone market size could witness around 5% CAGR over 2022-2030 with a growing construction sector in the region, along with the high demand for aesthetic implants, cosmetics, and personal care products.