The global market for silicones is expected to grow from $17.4 billion in 2024 and is projected to reach $23.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.0% during the forecast period of 2024 to 2029.
The Asia-Pacific market for silicones is expected to grow from $7.8 billion in 2024 and is projected to reach $10.7 billion by the end of 2029, at a CAGR of 6.5% during the forecast period of 2024 to 2029.
The European market for silicones is expected to grow from $5.0 billion in 2024 and is projected to reach $6.4 billion by the end of 2029, at a CAGR of 5.2% during the forecast period of 2024 to 2029.
Report Scope:
This report primarily focuses on silicone and its industrial applications in transportation, construction, personal care, energy, healthcare, electronics and others sectors. This report covers some of the parameters of silicone examined by industries and regulatory bodies due to their growing advances and expansions in the numerous industrial sectors. BCC Research analyzed essential categories and regions to determine the present and future silicone market status and forecasted market growth from 2024 to 2029. This report also discusses market strategies, market ESG development, regulatory landscape, key players in countries and market driving forces. It segments the market by region: Asia-Pacific, Europe, North America and the Rest of the World (RoW).
End use: Industrial processes, construction, personal care and consumer goods, transportation, energy, healthcare, electronics and others.
The market estimations and size are provided in terms of value ($ Millions) and volume (kilotons), with 2023 serving as the base year and market forecasts given for the period 2024 to 2029. Regional-level market sizes, with respect to product form and end users, are also provided.
Report Includes:
67 data tables and 50 additional tables
An analysis of the current and future global markets for silicones
Analyses of global market trends, with market revenue data from 2022 to 2023, estimates for 2024, forecasts for 2025, and projected CAGRs through 2029
Estimates of the market size in terms of value and volume, its revenue prospects, and a market share analysis by product form, end-use industry and region
Facts and figures pertaining to the market dynamics, technological advances, regulations, and future prospects of silicone polymers in industrial and consumer applications
A look at recent patent grants
Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies
Analysis of the industry structure, including company market shares, strategic alliances, M&A activity and venture funding outlook
Company profiles of market leaders, including Wacker Chemie AG, DuPont, Shin-Etsu Chemical Co. Ltd., Dow, Elkem ASA
Table of Contents
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Chapter 2 Market Overview
Market Definition
Compounds of Silicones
Siloxane
Polydimethylsiloxane
Silicone Properties
Silicone Industrial Applications
Chapter 3 Market Dynamics
Market Dynamics
Market Drivers
Surge in the Construction and Automotive Industries
Increasing Demand for Silicones in Energy and Electronics Industries