Global silicone market is expected to reach USD 20.0 billion in 2021, growing at a CAGR of 5.1% between 2016 and 2021.
The report covers forecast and analysis for the silicone market on a worldwide, regional and country level. The study provides historic information of 2015 together with a forecast from 2016 to 2021 based on revenue (USD million). The entire study covers the key drivers and restraints for the silicone market. It also provides the impact of the market within the forecast period. Moreover, the report also includes the study of opportunities accessible within the silicone market on a global level.
In order to offer the users of this report a comprehensive read on the silicone market, we've got enclosed the detailed competitive scenario, and product portfolio of key vendors. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the silicone market has additionally been enclosed within the study. The study encompasses a market attractiveness analysis, whereby application segments are standardized on the basis of their market size, rate, and general attractiveness.
The report also covers the market share of the key vendor’s operative in the respective market across the world. Additionally, report coated the strategic development together with acquisitions & mergers, new product launch, agreements, partnerships, collaborations and joint ventures and product & regional growth of major participants concerned within the market on the international and regional basis. Additionally, it covers the product portfolio and patent analysis (2011-2016) divided into the patent trend, patent share by company and patent analysis in accordance with the region.
The study provides a crucial view on the silicone market by segmenting the market based on its segmentation. The segmentation included product, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Based on product, the global silicone included in this study is resins, elastomers, gels, fluids and others. The key applications, the global silicone market are bifurcated into textile, building & construction, paper, chemical industry, plastics, automotive & transportation, electrical & electronics, medical & personal care and other applications. Moreover, the regional segmentation includes the major countries and regions such as Asia-Pacific, Europe, Latin America, North America and the Middle East & Africa. The major countries included in the study are U.S., Germany, UK, France, India, China, Japan and Brazil.
The study provides the detailed company profiles of the global market along with the exhaustive description of players that includes constraints such as company overview, financials, recent developments and the strategy of the company. Thus, some of the key manufacturers included in the study are Bluestar Silicones, BASF SE, Emerald Performance Materials LLC, Momentive Performance Materials Inc., Zhejiang Xinan Chemical Industry Group Co. Ltd, Shin-Etsu Chemical Company, Specialty Silicone Products Inc, Nusil Technology, Wacker Chemie AG, The DOW Corning Corporation, Rogers Corporation, Kaneka Corporation and Jiangsu Hongda New Material Co. Ltd.
This report segments the global silicone market as follows:
Global Silicone Market: Product Analysis
Global Silicone Market: Applications Analysis
Global Silicone Market: Regional Analysis
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Silicone Market: Industry Analysis
Chapter 4. Global Silicone Market: Competitive Landscape
Chapter 5. Global Silicone Market: Product Overview
Chapter 6. Global Silicone Market: Application Overview
Chapter 7. Global Silicone Market: Regional Analysis
Chapter 8. Company Profiles
This report is based on in-depth qualitative and quantitative analyses of the global Silicone market. Zion Research has collected and analyzed key data belong to the global Silicone market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Silicone across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Silicone industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Silicone market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Silicone is a polymer consisting of synthetic compounds. Silicone is manufactured using reduction process on the commercial basis. Moreover, silicone resins, gels, fluids, elastomer and others are some forms of silicone. Silicone is heat resistant, therefore used in thermal and electrical insulation, lubricants, sealants, cooking utensils, adhesives and medicine among others.
The global silicone market is primarily driven by growing demand for building & construction industry across the globe. Moreover, surging chemical and automotive industries are likely to trigger the demand for silicone in the years to come. Moreover, mounting demand for silicone from medical and personal care industry is likely to drive the market of silicone further in the near future. However, the high cost of raw materials such as methyl chloride and silicone metal for the production of silicone is expected to impede the growth of silicone market. Nonetheless, rapidly growing demand for silicone from emerging economies coupled with ongoing research & development for product development is likely to open growth opportunities for the market in the near future.
Based on the type, the global silicone market is bifurcated into resins, elastomer, gels, fluids and others. The elastomer was the largest segment of silicone market in 2015. It accounted for significant share of the total market in 2015. This growth was attributed to the large use of silicone as sealants in building and construction industry across the globe. Silicone elastomer provides protective glaze, high adhesive, and strength. Furthermore, fluid is the fastest growing segment of silicone market over the years to come. It is expected to register a growing CAGR of 5.7% within the forecast period. Usage of silicone gel and resins is also significant.
A host of silicone applications across a wide range of industries includes textile, building & construction, paper, chemical industry, plastics, automotive & transportation, electrical & electronics, medical & personal care and others. Building and construction emerged as a leading application of the globe silicone market in 2015. It is considered as the fastest growing segment over the years to come. Moreover, the chemical was the second largest segment and is expected to remain competitive with the presence of a large number of vendors. Automotive & transportation is a major application that is estimated to grow at a strong CAGR of 6.1% within the forecast period due to the increasing automotive trends in industry.
Asia Pacific dominated the market of silicone accounting for the largest share of the silicone consumption globally in 2015. China was the largest market among the Asian countries, due to a large number of consumers. Asia Pacific is expected to continue its dominance in the coming years. Asia Pacific was followed by Europe and North America in the same year in terms of volume demand. Moreover, Europe and North America are likely to witness moderate growth within the forecast period owing to the huge stake in silicone development. Latin America and the Middle East are projected to experience sluggish growth in the silicone market within the forecast period.
Some of the major players of global silicone market are Bluestar Silicones, BASF SE, Emerald Performance Materials LLC, Momentive Performance Materials Inc., Zhejiang Xinan Chemical Industry Group Co. Ltd, Shin-Etsu Chemical Company, Specialty Silicone Products Inc, Nusil Technology, Wacker Chemie AG, The DOW Corning Corporation, Rogers Corporation, Kaneka Corporation and Jiangsu Hongda New Material Co. Ltd.