The global silicones and siloxanes market size reached US$ 22.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.85% during 2023-2028.
Siloxanes refer to volatile organosilicon compounds that are composed of recurring silicon-oxygen (Si-O) bonds, occurring in either cyclic or linear form. They are highly stable and physiologically inert, and have lubricating properties. Silicones are formulated from siloxanes and can take a variety of physical forms ranging from solids and semi-viscous pastes to liquids and oils. Due to their advantageous characteristics such as flexibility, resistance to moisture, stability, inertness, permeability to gases, etc., silicones find a wide array of industrial applications.
Global Silicones and Siloxanes Market Drivers:
The chemical structure of silicones allows them to be produced in a number of variations, while the organic groups bound to the silicones pave the way for a diverse range of modifications. This variability allows the usage of silicones in a variety of products such as greases, release agents, antifoam agents, paint additives, hydrophobizing agents, etc.
Siloxanes (silicones) are well tolerated by humans and, therefore, form an integral part of innovative methods of treatment, health care and nursing. Alkylsiloxanes, especially the dimethylsiloxanes, find extensive usage in emulsions, antifoams and pastes on account of their low surface tension, high surface activity, good spreading power, chemical inertness and thermal stability. Liquid silicone is often used as a lubricant like waterproof sealant which is used in bathrooms and window fittings, whereas solid silicone rubber has a wide array of applications ranging from cake baking to internal sanitary protection.
As silicones provide a strong, durable, and weather- and UV-resistant seal with excellent adhesion, they are employed in the production of various construction materials. Apart from this, silicones are used for manufacturing polyurethane foam for building insulation, increasing building energy efficiency whilst hydrophobic properties of silicone coatings protect the external walls from weather damage.
Silicone polymers and cyclic siloxanes find applications in the personal care sector as a solvent in deodorants, hair, skin and sun care products, and make-up. This can be attributed to the benefits offered by them such as low skin irritation, low surface tension, anti-foaming properties and volatility. An increase in personal grooming has escalated the demand for cosmetics in the recent years. This is expected to facilitate the growth of the silicones and siloxanes market.
Earlier, the consumption of silicone products was largely confined to the developed countries. However, economic development, inflating income levels and improving standards of living have stimulated the demand for silicone-based products in the emerging countries.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global silicones and siloxanes market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and application.
Breakup by Type:
Amongst these, elastomersaccount for more than a third of the total market share due to their non-reactive nature. This helps them to find applications in cooking, baking, and in the production of footwears, undergarments and cosmetics.
Breakup by Application:
Home and Personal Care
Currently, industrial applications represent the largest segment since silicones are used as RTV sealants and anti-foaming agents owing to their resistance to high temperature and pressure.
Breakup by Type:
Linear siloxanes dominate the market, accounting for the largest market share. Dimethicones, a form of linear siloxane, are used as a medication to treat minor skin irritations. Apart from this, these siloxanes are majorly used as intermediates in the manufacturing of silicones.
Breakup by Application:
A dominant share of siloxanes is employed in the production of siliconeswhich are further used in various industries.
Central and South America
Middle East and Africa
On a geographical front, Asia Pacific enjoys the leading position in the silicones and siloxanes market on account of thriving construction and automotive industries, supported by surging population, rapid urbanisation and mounting disposable incomes. In addition, availability of raw materials and abundance of labour have created a positive outlook for the market growth.
The market is concentrated in nature with the presence of a handful of players who account for the majority of the total production. Some of the leading players operating in the market are:
Dow Chemical Company
Momentive Performance Materials Inc.
Wacker Chemie AG
Shin-Etsu Chemical Co., Ltd.
This report provides a deep insight into the global silicones and siloxanes market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the silicones and siloxanes market in any manner.
Base Year of the Analysis
Million Tons, US$ Billion
Type, Application, Region
Asia-Pacific, Europe, North America, Central and South America, Middle East and Africa
Dow Chemical Company, Momentive Performance Materials Inc., Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., and Elkem ASA
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global silicones and siloxanes market was valued at US$ 22.0 Billion in 2022.
We expect the global silicones and siloxanes market to exhibit a CAGR of 5.85% during 2023-2028.
The widespread adoption of cyclic siloxanes and silicone polymers in the manufacturing of personal care products is primarily driving the global silicones and siloxanes market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for silicones and siloxanes.
Based on the type, the global silicones market has been divided into elastomers, fluids, resins, and gels. Currently, elastomers exhibit a clear dominance in the market.
Based on the application, the global silicones market can be categorized into industrial applications, construction materials, home and personal care, transportation, energy, healthcare, electronics, and others. Among these, industrial applications currently account for the majority of the global market share.
Based on the type, the global siloxanes market has been segmented into linear and cyclic, where linear siloxanes hold the largest market share.
Based on the application, the global siloxanes market can be bifurcated into silicones and other applications. Currently, silicones exhibit a clear dominance in the market.
On a regional level, the market has been classified into Asia-Pacific, Europe, North America, Central and South America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global silicones and siloxanes market include Dow Chemical Company, Momentive Performance Materials Inc., Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Elkem ASA, etc.
Need more help?
Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.