실리콘 시장 규모, 점유율, 성장 분석, 제품별, 최종사용자별, 지역별 - 산업 예측(2024-2031년)

Global Silicone Market size was valued at USD 20.07 billion in 2022 and is poised to grow from USD 22.41 billion in 2023 to USD 40.57 billion by 2031, at a CAGR of 7.7% during the forecast period (2024-2031).

The silicone market is witnessing significant growth, driven by the versatile nature of silicones, which can exist in various forms, including solids, pastes, liquids, greases, and oils. Their unique characteristics-such as sealing, lubrication, bonding, and waterproofing-position silicones as essential materials across industries. A key catalyst for market expansion is the innovative and sustainable properties of silicones, particularly the rising adoption of antimicrobial silicone elastomers within the healthcare sector. Furthermore, increasing demand in the emerging markets of the Asia-Pacific, Middle East, and Africa supports this upward trend. However, the market faces challenges such as high initial research and development costs and stringent regulatory requirements, which may hinder growth. Additionally, the escalating costs of silicon can pose obstacles to market penetration. Conversely, the transport industry's growing requirements for silicone applications provide a significant opportunity, further bolstering market potential. Overall, the silicone market is poised for expansion, driven by comprehensive applications and the demand for advanced materials in various sectors, despite the challenges related to cost and regulation.

Top-down and bottom-up approaches were used to estimate and validate the size of the Silicone market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Silicone Market Segmental Analysis

Global Silicone Market is segmented by Product, by End User and by Region. Based on Product, the market is segmented into Fluids, Straight Silicone Fluids, Modified Silicone Fluids, Gels, Resins, Elastomers, High-Temperature Vulcanized (HTV), Liquid Silicone Rubber (LSR), Room Temperature Vulcanized (RTV), and Others. Based on End User, the market is segmented into Electronics, Transportation, Construction, Healthcare, Personal Care and Consumer goods, Energy, Industrial Processes, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Silicone Market

The demand for silicone is being driven significantly by the surge in construction activities across the globe. Known for its remarkable properties such as weather resistance, stability, and water repellency, silicone is essential in various applications within the construction sector. It is employed in both residential and commercial properties, bonding effectively with materials like marble, glass, concrete, aluminum, steel, and polymers. Furthermore, its utility extends to the construction of industrial facilities, bridges, pipelines, oil rigs, and highways. As urbanization accelerates and populations rise alongside industrial advancements, the global appetite for infrastructure development is creating an increased need for silicone products.

Restraints in the Silicone Market

The Silicone market faces notable constraints due to stringent regulatory requirements imposed by governmental organizations, particularly in the medical and healthcare sectors. While there are no significant restrictions on silicone use in industrial applications, certain silicone products, specifically cyclosilicates D4 and D5, encounter limitations that restrict their use primarily to the personal care industry. Regulatory agencies, including the European Chemicals Agency and authorities in the UK, have mandated that these substances must not exceed a concentration of 0.1% by weight in personal care products. Similar restrictions exist in the US and Canada, hindering the overall growth potential of the market.

Market Trends of the Silicone Market

The silicone market is witnessing robust growth, driven by a surge in applications across various sectors, including cosmetics, construction, and electronics. As consumer awareness regarding personal appearance heightens, the demand for silicone-based products in cosmetic formulations-owing to their protective and longevity-enhancing properties-continues to rise. In the construction industry, silicone sealants are becoming pivotal for enhancing structural flexibility. Additionally, the proliferation of consumer electronics, including smartphones and smart devices, coupled with the growing popularity of solar technology, is further fueling market expansion. The increasing incidence of chronic conditions is also driving interest in medical applications of conductive silicones, presenting a positive outlook for this dynamic market.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Value Chain Analysis
• Case Study Analysis
• PESTEL Analysis
• Macro-Economic Indicators
• Market Attractiveness Index
• Supply Chain Analysis
• Pricing Analysis

Global Silicone Market Size by Product & CAGR (2024-2031)

• Fluids
  • Straight Silicone Fluids
  • Modified Silicone Fluids
• Gels
• Resins
• Elastomers
  • High-Temperature Vulcanized (HTV)
  • Liquid Silicone Rubber (LSR)
  • Room Temperature Vulcanized (RTV)
• Others

Global Silicone Market Size by End User & CAGR (2024-2031)

• Electronics
• Transportation
• Construction
• Healthcare
• Personal Care and Consumer goods
• Energy
• Industrial Processes
• Others

Global Silicone Market Size by Region & CAGR (2024-2031)

• North America, (by Product, by End User)
  • US
  • Canada
• Europe, (by Product, by End User)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (by Product, by End User)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (by Product, by End User)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (by Product, by End User)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• DOW Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Wacker Chemie AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shin-Etsu Chemical Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Evonik Industries AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Elkem ASA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• KCC Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nusil Technology LLC (acquired by Avantor, Inc.)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Saint-Gobain Performance Plastics Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• China National Bluestar (Group) Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Silchem, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Silteq Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shenzhen Kanglibang Science & Technology Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Silicones Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• K.W. Kauffman Company, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Specialty Silicone Products, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Innospec Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hoshine Silicon Industry Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CHT Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation