Silicones and Siloxanes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032

Silicones and Siloxanes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A543
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Market Overview:

The global silicones and siloxanes market size reached US$ 23.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2023
US$ 23.3 Billion
Market Forecast in 2032
US$ 37.0 Billion
Market Growth Rate 2024-2032 5.1%

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 2024-2032. Our report has categorized the market based on type and application.

Silicones Market

Breakup by Type:

  • Elastomers
  • Fluids
  • Resins
  • Gels

Amongst these, elastomers account 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:

  • Industrial Applications
  • Construction Materials
  • Home and Personal Care
  • Transportation
  • Energy
  • Healthcare
  • Electronics
  • Others

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.

Siloxanes Market

Breakup by Type:

  • Linear
  • Cyclic

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:

  • Silicones
  • Other Applications

A dominant share of siloxanes is employed in the production of silicones which are further used in various industries.

Regional Insights:

  • Asia-Pacific
  • Europe
  • North America
  • 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.

Competitive Landscape:

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.
  • Elkem ASA

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons, US$ Billion
Segment Coverage  Type, Application, Region
Region Covered  Asia-Pacific, Europe, North America, Central and South America, Middle East and Africa
Companies Covered Dow Chemical Company, Momentive Performance Materials Inc., Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Elkem ASA
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
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 Questions Answered in This Report

The global silicones and siloxanes market was valued at US$ 23.3 Billion in 2023.

We expect the global silicones and siloxanes market to exhibit a CAGR of 5.1% during 2024-2032.

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.

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Silicones and Siloxanes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032
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