Global Silicone Polymer Market 2018-2025
The global Silicone Polymer market size is expected to reach close to US$ 19,329.78 Mn by 2029 with an annualized growth rate of 5.1% through the projected period.
In the pristine form of elastomers, the product finds major elements in wire insulation, lightings, lamps, and power distribution owing to its superior dielectric and better thermal stability. Fast cooling characteristics of high temperature vulcanized (HTV) silicone and liquid silicone rubber (LSR) in electronic applications, sealants, and gaskets are estimated to augment the market in the coming years.
Increasing consumption of energy and growing importance of distribution devices and transmission for electricity is anticipated to provide an impetus to the electronics industry. Taking this point in highlight, market players are sincerely looking forward to tap an opportunities in the electronics industry in the coming business days.
Silicone gels are primarily used in concealing scars in newly healed wounds and to lessen any major immature scars. In addition, various gel-based products are used in encapsulation and potting of electronic & electronic equipment, including LEDs, and solar devices. Consumption of silicone in aforementioned applications is anticipated to hamper the trend on account of its several characteristics including high dielectric strength, good water repellence, and excellent ability to dampen mechanical vibrations.
Furthermore, U.S. and Japan are leading the market for lightweight automotive materials, and several upcoming vehicle manufacturing facilities in emerging economies including Mexico, Vietnam, China, and India.
global silicon polymer market is segmented into several classification including product outlook, application outlook, and regional outlook. Based on the product outlook, the market is categorized by fluids, gels, resins, elastomers, and others. Furthermore, on the basis of application outlook the market is classified into Electrical & electronics, construction, transportation, personal care & pharmaceuticals, textiles, and others. Based on the regional outlook the market is widely range to North America, US, Europe, Germany, France, Russia, Asia Pacific, China, Japan, India, Latin America, Brazil, Middle East & Africa.
Geographically, Asia Pacific is expected to witness the largest regional market throughout the forecast period. Taiwan, China, Korea, India, and Japan is anticipated to supplement the growth of the silicone polymer market share during the forecast period.
Leading players of the global silicon polymer market include Hutchinson, Allergan, CRI-SIL Silicone Technologies, LLC, Cow Corning Corp., Quantum Silicones, Ashland Incorporated, CSL Silicones Incorporated, Evonik Industries AG, Silteq Ltd., Wacker Chemie GmbH, Specialty Silicone Products, RUSNANO, Shin-Etsu; Silchem, Inc., Kemira Oyj, ICM Products Inc., and more others.
Silicone Polymer Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||US$ 19,329.78 Mn|
|Growth Rate||CAGR of 5.1% during 2021-2028|
|Segment Covered||By Type, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Dow Inc., Elkay Chemicals Pvt. Ltd., Elkem ASA, Evonik Industries AG, Gelest Inc., Innospec Inc., KCC Corporation, Reiss Manufacturing Inc., Shin-Etsu Chemical Co., Ltd., Siltech Corporation Inc., Supreme Silicones, and Wacker Chemie AG|
Key segments of the global Silicone Polymer market
By Type 2018-2028 (USD Million)
• High-Temperature Vulcanized (HTV)
• Liquid Silicone Rubber (LSR)
• Room Temperature Vulcanized (RTV)
Regional Overview, 2018-2028 (USD Million)
• North America
o Rest of Europe
o Southeast Asia
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
• Central & South America
o Rest of South America