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Silicone (DMC) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24433
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Silicone (DMC) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Silicone (DMC) | Chemical | USA | 3,122 USD/MT |
| Silicone (DMC) | Chemical | China | 1,975 USD/MT |
| Silicone (DMC) | Chemical | Germany | 3,222 USD/MT |
The silicone (DMC) prices in the USA for fourth quarter of 2023 reached 3,122 USD/MT in December. The prices mostly declined throughout the latter half due to weak market conditions. There was a constant decrease in Q3, but costs began to stabilize in the fourth quarter as suppliers became more cautious, adopting a wait-and-see approach.
The price trend for silicone (DMC) in China for fourth quarter of 2023, reached 1,975 USD/MT in December. The market experienced significant price fluctuations. Initially, the market struggled with low demand, but a gradual increase in consumption helped push prices upward midway through the third quarter and into the fourth quarter.
The silicone (DMC) costs in Germany for Q4 of 2023, reached 3,222 USD/MT in December. The market saw a brief rise in Q4, driven by increased demand and supply constraints, but these gains were offset by a subsequent drop in demand later in the quarter, leading to a decline in prices.
Silicone (DMC) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Silicone (DMC) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of silicone (DMC) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of silicone (DMC) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of silicone (DMC) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing silicone (DMC) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Silicone (DMC) Market Analysis
The global silicone (DMC) market size reached US$ 778.24 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach US$ 1042.36 Thousand Tons, at a projected CAGR of 3.30% during 2023-2032.
- Silicone (DMC) is a crucial intermediate compound used in the synthesis of silicone polymers. It serves as a building block in producing various silicone products, imparting essential properties like flexibility, durability, and heat resistance. Silicone (DMC) is fundamental in creating high-performance silicones for diverse industrial applications.
- The market is mainly driven by the rising demand for silicone from the automotive sector. Silicone’s unique properties of durability and heat resistance are crucial for applications such as sealants, adhesives and gaskets. These components play essential roles in vehicle assembly, further ensuring reliable sealing against fluids and gases, bonding various materials and providing thermal stability under engine operating conditions. The automotive industry's reliance on silicone for these critical functions underscores its role in enhancing vehicle performance, safety and longevity. According to the report published by ACEA, in 2022, total 85.4 million motor vehicles were manufactured globally marking a 5.7% increase from 2021. With the rising demand for high quality silicone from automotive sector the demand for silicone (DMC) is also on the rise as it is an indispensable component in silicone manufacturing. This, in turn, is contributing to the market growth of silicone (DMC).
- Silicone's biocompatibility is highly sought after in the medical and healthcare sectors, making it a preferred material for medical devices and pharmaceutical applications. Silicone (DMC) plays a crucial role in producing these biocompatible silicone materials. As an intermediate compound, Silicone (DMC) helps synthesize silicone polymers that are inert, non-reactive with bodily tissues, and easily sterilized, ensuring safety and compatibility with the human body. Additionally, Silicone (DMC) contributes to the flexibility, durability, and thermal stability of the final silicone products, enhancing their suitability for medical implants, prosthetics, and drug delivery systems.
- The construction industry's expansion is fueling demand for silicone-based sealants and coatings due to their essential roles in sealing and protecting structures. Silicone (DMC) is vital in producing these silicone products, providing the necessary properties of durability, flexibility, and weather resistance. This makes them ideal for applications like sealing joints, waterproofing, and enhancing building longevity. Increased demand for these products highlights their critical contribution to maintaining structural integrity in modern construction projects. In March 2023, Dow expanded its silicone sealant products to include photovoltaic module assembly materials supporting the global push for renewable energy solutions in the construction industry. The DOWSIL™ PV Product Line offers six silicone-based solutions for various PV applications, contributing to a more sustainable world. These factors are contributing positively to the silicone (DMC) market growth.
Silicone (DMC) News
The report covers the latest developments, updates, and trends impacting the global silicone (DMC) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in silicone (DMC) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the silicone (DMC) price trend.
Latest developments in the silicone (DMC) industry:
- In January 2024, Wacker Chemie AG announced its plans to build a new silicone production site in Karlovy Vary, Czech Republic. The facility is expected to start manufacturing at the end of 2025. With an investment in the low triple-digit million-euro range the site aims to create up to 200 jobs and produce over 20,000 metric tons of custom-made silicones annually. This expansion aligns with the growing demand for specialized silicones driven by megatrends such as electromobility and renewable energies.
- In June 2024, Elkem ASA, a leading provider of silicon-based materials announced a merger with its subsidiary Elkem Testvirksomhet AS. After the merger Elkem will assume all assets and obligations of Elkem Testvirksomhet AS, which will be dissolved. The merger will follow the simplified procedure for parent/subsidiary mergers as per the Norwegian Public Limited Liability Companies Act.
Product Description
Silicone Dimethyl Carbonate (DMC) is a key intermediate compound in the production of various silicone-based products. It is a versatile organosilicon compound characterized by its clear, colorless appearance and low viscosity. DMC plays a crucial role in the synthesis of silicone polymers, resins, and fluids, which are extensively used in industries such as automotive, construction, electronics, and personal care. Its unique chemical structure allows it to impart desirable properties like flexibility, durability, thermal stability, and resistance to water and chemicals. In the manufacturing process, DMC acts as a building block, facilitating the formation of long silicone chains that enhance the performance and longevity of end products. Additionally, DMC is valued for its eco-friendly profile, as it can be produced with minimal environmental impact and used to create more sustainable silicone formulations. Its broad applicability and functional benefits make silicone DMC a vital component in advancing modern material science and industrial applications.
Regional Coverage
The report provides a detailed analysis of the silicone (DMC) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the silicone (DMC) price trend.
Global Silicone (DMC) Price
The report offers a holistic view of the global silicone (DMC) pricing trends in the form of silicone (DMC) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into silicone (DMC) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into silicone (DMC) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed silicone (DMC) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Silicone (DMC) Price
In Europe, the market exhibited volatility and was marked by stability as supply and demand remained balanced. Nonetheless, the start of Q4 saw a rise in prices, driven by increased demand and tightened global supply chains. This upward trend was short-lived as persistent supply challenges led to reduced demand, causing prices to drop in the second part of the quarter.
This analysis can be extended to include detailed silicone (DMC) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Silicone (DMC) Price
The silicone (DMC) market in North America experienced weaker trends compared to global patterns. Prices consistently declined throughout Q3 due to subdued market activity. However, as suppliers adopted a cautious stance and adjusted, their strategies led to price stability in the fourth quarter, showing signs of a slight recovery. Despite these efforts, the market remained largely fragile throughout the period, with uncertainties continuing to impact overall market stability.
Specific silicone (DMC) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Silicone (DMC) Price
The report explores the silicone (DMC) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on silicone (DMC) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Silicone (DMC) Price
The silicone (DMC) prices in Asia Pacific showed considerable fluctuation. The market initially faced a downturn at the start of Q3 due to sluggish consumption. However, a gradual recovery in need contributed to a rise in prices midway through the quarter. This upward trend continued into the mid of the fourth quarter. Despite some instability in global trade affecting the market later on, entire market sentiment remained fairly positive in the region.
This silicone (DMC) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Silicone (DMC) Price
The analysis of silicone (DMC) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Silicone (DMC) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Silicone (DMC) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of silicone (DMC) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting silicone (DMC) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The silicone (DMC) price charts ensure our clients remain at the forefront of the industry.
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- Include additional segments and countries to customize the report as per your requirement.
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