Global Silicones
Global demand for silicones is projected to increase 4.6% per year to $23.0 billion in 2023. Economic factors such as rising construction expenditures and expanding motor vehicle production and rapidly growing applications such as in solar panels and medical devices will boost demand for silicones.
This report covers silicone product demand by market, product, and region, along with a discussion of market share. Data are given in dollar value and volume (metric tons).
Silicone markets covered in the study include:
Construction
Transportation
Electrical Equipment
Personal Care
Chemical
Electronic Products
Medical & Healthcare
Silicone products include:
Elastomers
Fluids
Resins
Gels
Demand is broken out by geographic region:
North America
Central & South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/MIdeast
Scope of the Report
This Freedonia industry study analyzes the $18.4 billion global silicones industry. It presents historical demand data (2008, 2013, and 2018) and forecasts (2023) by product (elastomers, fluids, resins, gels and other silicones), market (construction, transportation, electrical equipment, personal care, chemical, electronic products, and medical and healthcare), and geographic region. The study also evaluates company market share and provides analysis on industry competitors including Dow, Elkem, Evonik, Momentive, Shin-Etsu, and Wacker Chemie.
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