Global Silicones Market 2024-2028

Global Silicones Market 2024-2028


The silicones market is forecasted to grow by USD 8.76 bn during 2023-2028, accelerating at a CAGR of 7.32% during the forecast period. The report on the silicones market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing growth of construction industry, automotive industry driving demand for silicones, and increasing application of silicone elastomers in several industries.

Technavio's silicones market is segmented as below:
  • By Product
  • Elastomers
  • Fluids
  • Resins
  • Gels and others
  • By End-user
  • Industrial process
  • Construction
  • Personal care and consumer products
  • Transportation
  • Others
  • By Geography
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America
This study identifies the raising adoption in electrical and electronics industry as one of the prime reasons driving the silicones market growth during the next few years. Also, growing demand for medical-grade silicones and increase in preference for bio-based products will lead to sizable demand in the market.

The report on the silicones market covers the following areas:
  • Silicones market sizing
  • Silicones market forecast
  • Silicones market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading silicones market vendors that include CHT Germany GmbH, Dow Chemical Co., DuPont de Nemours Inc., Elkem ASA, Hoshine Silicon Industry Co. Ltd., Innospec Inc., Kaneka Corp., KONARK SILICONE TECHNOLOGIES, Milliken and Co., Mitsubishi Chemical Group Corp., Momentive Performance Materials Inc., RAG Stiftung, Shin Etsu Chemical Co. Ltd., Silicone Solutions, Silicones Inc, Siltech Corp., US Silicones LLC, Vanguard Products Corp., Wacker Chemie AG, and Alliance Rubber Co.. Also, the silicones market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Product
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global silicones market 2018 - 2022
      • Table Historic Market Size – Data Table on global silicones market 2018 - 2022 ($ million)
    • Product Segment Analysis 2018 - 2022
      • Table Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • End-user Segment Analysis 2018 - 2022
      • Table Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Product
    • Market segments
      • Table Chart on Product - Market share 2023-2028 (%)
      • Table Data Table on Product - Market share 2023-2028 (%)
    • Comparison by Product
      • Table Chart on Comparison by Product
      • Table Data Table on Comparison by Product
    • Elastomers - Market size and forecast 2023-2028
      • Table Chart on Elastomers - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Elastomers - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Elastomers - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Elastomers - Year-over-year growth 2023-2028 (%)
    • Fluids - Market size and forecast 2023-2028
      • Table Chart on Fluids - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Fluids - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Fluids - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Fluids - Year-over-year growth 2023-2028 (%)
    • Resins - Market size and forecast 2023-2028
      • Table Chart on Resins - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Resins - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Resins - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Resins - Year-over-year growth 2023-2028 (%)
    • Gels and others - Market size and forecast 2023-2028
      • Table Chart on Gels and others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Gels and others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Gels and others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Gels and others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product ($ million)
      • Table Data Table on Market opportunity by Product ($ million)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2023-2028 (%)
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Industrial process - Market size and forecast 2023-2028
      • Table Chart on Industrial process - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Industrial process - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Industrial process - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Industrial process - Year-over-year growth 2023-2028 (%)
    • Construction - Market size and forecast 2023-2028
      • Table Chart on Construction - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Construction - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Construction - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Construction - Year-over-year growth 2023-2028 (%)
    • Personal care and consumer products - Market size and forecast 2023-2028
      • Table Chart on Personal care and consumer products - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Personal care and consumer products - Market size and forecast 2023- 2028 ($ million)
      • Table Chart on Personal care and consumer products - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Personal care and consumer products - Year-over-year growth 2023-2028 (%)
    • Transportation - Market size and forecast 2023-2028
      • Table Chart on Transportation - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Transportation - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Transportation - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Transportation - Year-over-year growth 2023-2028 (%)
    • Others - Market size and forecast 2023-2028
      • Table Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
      • Table Data Table on Market opportunity by End-user ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • India - Market size and forecast 2023-2028
      • Table Chart on India - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Table Chart on India - Year-over-year growth 2023-2028 (%)
      • Table Data Table on India - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing growth of construction industry
      • Automotive industry driving demand for silicones
      • Increasing application of silicone elastomers in several industries
    • Market challenges
      • Fluctuating prices of raw materials
      • Availability of substitutes for silicones
      • Stringent government regulations on silicones manufacturer
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Raising adoption in electrical and electronics industry
      • Growing demand for medical-grade silicones
      • Increase in preference for bio-based products
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • CHT Germany GmbH
      • Table CHT Germany GmbH - Overview
      • Table CHT Germany GmbH - Product / Service
      • Table CHT Germany GmbH - Key offerings
    • Dow Chemical Co.
      • Table Dow Chemical Co. - Overview
      • Table Dow Chemical Co. - Business segments
      • Table Dow Chemical Co. - Key news
      • Table Dow Chemical Co. - Key offerings
      • Table Dow Chemical Co. - Segment focus
    • DuPont de Nemours Inc.
      • Table DuPont de Nemours Inc. - Overview
      • Table DuPont de Nemours Inc. - Business segments
      • Table DuPont de Nemours Inc. - Key news
      • Table DuPont de Nemours Inc. - Key offerings
      • Table DuPont de Nemours Inc. - Segment focus
    • Elkem ASA
      • Table Elkem ASA - Overview
      • Table Elkem ASA - Business segments
      • Table Elkem ASA - Key offerings
      • Table Elkem ASA - Segment focus
    • Hoshine Silicon Industry Co. Ltd.
      • Table Hoshine Silicon Industry Co. Ltd. - Overview
      • Table Hoshine Silicon Industry Co. Ltd. - Product / Service
      • Table Hoshine Silicon Industry Co. Ltd. - Key offerings
    • Innospec Inc.
      • Table Innospec Inc. - Overview
      • Table Innospec Inc. - Business segments
      • Table Innospec Inc. - Key news
      • Table Innospec Inc. - Key offerings
      • Table Innospec Inc. - Segment focus
    • Kaneka Corp.
      • Table Kaneka Corp. - Overview
      • Table Kaneka Corp. - Business segments
      • Table Kaneka Corp. - Key offerings
      • Table Kaneka Corp. - Segment focus
    • Milliken and Co.
      • Table Milliken and Co. - Overview
      • Table Milliken and Co. - Product / Service
      • Table Milliken and Co. - Key offerings
    • Mitsubishi Chemical Group Corp.
      • Table Mitsubishi Chemical Group Corp. - Overview
      • Table Mitsubishi Chemical Group Corp. - Business segments
      • Table Mitsubishi Chemical Group Corp. - Key offerings
      • Table Mitsubishi Chemical Group Corp. - Segment focus
    • Momentive Performance Materials Inc.
      • Table Momentive Performance Materials Inc. - Overview
      • Table Momentive Performance Materials Inc. - Product / Service
      • Table Momentive Performance Materials Inc. - Key offerings
    • RAG Stiftung
      • Table RAG Stiftung - Overview
      • Table RAG Stiftung - Product / Service
      • Table RAG Stiftung - Key offerings
    • Shin Etsu Chemical Co. Ltd.
      • Table Shin Etsu Chemical Co. Ltd. - Overview
      • Table Shin Etsu Chemical Co. Ltd. - Business segments
      • Table Shin Etsu Chemical Co. Ltd. - Key offerings
      • Table Shin Etsu Chemical Co. Ltd. - Segment focus
    • Silicone Solutions
      • Table Silicone Solutions - Overview
      • Table Silicone Solutions - Product / Service
      • Table Silicone Solutions - Key offerings
    • Siltech Corp.
      • Table Siltech Corp. - Overview
      • Table Siltech Corp. - Product / Service
      • Table Siltech Corp. - Key offerings
    • Wacker Chemie AG
      • Table Wacker Chemie AG - Overview
      • Table Wacker Chemie AG - Business segments
      • Table Wacker Chemie AG - Key offerings
      • Table Wacker Chemie AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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