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.