Silicones

Silicones Market by Material Type (Adhesives, Elastomers, Emulsions), End-User Industry (Building & Construction, Electronics, Energy) - Global Forecast 2024-2030

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[181 Pages Report] The Silicones Market size was estimated at USD 20.19 billion in 2023 and expected to reach USD 21.79 billion in 2024, at a CAGR 8.30% to reach USD 35.30 billion by 2030.

Silicones Market
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Silicones, also known as polysiloxanes, are a diverse family of synthetic polymers that are derived from silicon, a naturally occurring element. Structurally, they consist of repeating units of siloxane, which consist of a chain of alternating silicon and oxygen atoms frequently combined with carbon and hydrogen. Silicones are known for their thermal stability, chemical inertness, and resistance to weathering, UV radiation, and extreme temperatures. The versatile nature of silicones enables their use across different sectors, including automotive, electronics, construction, personal care, and medical devices. In these industries, silicones can be found in forms such as lubricants, adhesives, sealants, gels, and coatings. Their ability to function as both conductors and insulators also makes them essential in the field of electronics. However, there may be operational challenges in the processing of silicones, requiring specialized equipment and expertise. Additionally, the presence of alternatives to silicones and environmental concerns about using silicone products hampers the widespread adoption of silicones. However, manufacturers are constantly exploring innovations to provide sustainable silicones and researching eco-friendly production methods to reduce environmental impact. Developing new silicone materials with improved properties, such as increased temperature resistance or elasticity, could provide new avenues of growth for the industry.

Silicones Market - Global Forecast 2024-2030
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Material Type: Adoption of silicone as elastomers in electrical insulation due to their superior dielectric properties

Silicone adhesives are associated with the ability to maintain a strong bond in a varied range of temperatures and relieve thermal stress between substrates with different coefficients of expansion and contraction. A silicone elastomer is a viable choice for diverse electrical insulation applications due to its high dielectric strength, resistance to high temperature, UV, and ozone, and hydrophobicity. High-temperature vulcanized (HTV) silicone is a type of silicone rubber that is created through a process of heat-induced vulcanization. Liquid silicone rubber (LSR) is a versatile elastomer that is castable and injected into molds for processing. Unlike HTV, LSR is a two-component system that can be processed heat-cured with less energy. Silicone emulsions are used for their lubricating and water-repellent properties, especially in polishers, fabric softeners, and personal care products. Silicone fluid shows little change in viscosity due to changes in temperature and is thus ideal for use as an oil in instruments used in airplanes, automobiles, and trains. Silicone gels are valued for their unique cushioning and protective characteristics in applications such as electronics potting and cosmetic products. Silicone resins are widely used in the water-repellent treatment of construction materials and facades and in the reconstruction and consolidation of ancient monuments.

End-User Industry: Expansion of construction initiatives across the world driving the need for silicones

Silicones in the building and construction industry are utilized for their durability, waterproofing properties, and resistance to temperature extremes. They are commonly used in sealants, adhesives, coatings, and as an additive in paints and plastics. Silicones are used widely in construction because they can be mixed and bond well with materials such as concrete, glass, granite, marble, aluminum, steel, and plastics. In the electronics industry, silicones are essential for their thermal management properties and their ability to protect devices from moisture and contaminants. The energy sector employs silicones in both traditional and renewable energy applications, utilizing silicone’s thermal stability and weathering resistance. Silicones serve a significant role in the healthcare industry due to their biocompatibility, sterilizability, and chemical inertness. They are used in medical devices, implants, tubing, and as coatings for pharmaceuticals. Within the manufacturing sector, silicones are utilized in molds, industrial lubricants, and as anti-foaming agents in various production processes. Silicones are key ingredients in personal care and consumer products for their sensory properties, forming films and acting as a carrier for active ingredients. As silicones do not deteriorate over time, they are utilized in the transportation industry to ensure that vehicles run safely and sustainably.

Regional Insights

The Americas region, particularly the U.S. and Canada, is characterized by the presence of robust and developed electronics and medical sectors, which drives the demand for advanced silicone sealants and adhesives. Furthermore, the presence of key silicone product manufacturers and constant innovations to improve silicone product performance and production contribute to expanded growth. Recent investments in the U.S. and Canada aim to increase production capacities and develop new, sustainable silicone solutions. The demand for silicone in the European Union is driven by strict regulatory standards regarding manufacturing and product quality. The E.U.'s focus on environmental sustainability also influences consumer behaviors and purchasing decisions toward eco-friendly silicone products. The Asia Pacific region is one of the most dynamic in the silicone market, characterized by rapid industrialization and growth in key end-use industries such as electronics, automotive, and construction. China, Japan, and India constitute some of the largest contributors to the silicone market in this region due to their extensive manufacturing bases and growing consumer markets. In China, the government's focus on high-tech industries has boosted the demand for silicones in the electronics and renewable energy sectors.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Silicones Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Silicones Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Semperit Group Announces the Acquisition of Austrian Rico Group GmbH

    The Semperit Group has announced acquisition of Rico Group GmbH, a distinguished global player in the field of silicone injection molds and liquid silicone component manufacturing. This acquisition is aimed to enhance Semperit's two-century expertise in elastomers by incorporating Rico's cutting-edge toolmaking capabilities, expansive automation know-how, and expanded market reach, particularly in North America. [Published On: 2023-04-18]

  • Dow Expands Portfolio of Silicone-Based Products for Photovoltaic Assembly

    Dow Inc. has announced an expansion of their silicone sealant offerings to support the photovoltaic module assembly market, reinforcing the global shift towards renewable energy sources. The introduction of the DOWSIL PV Product Line, featuring six silicone-based sealants and adhesives, caters to a wide range of needs, such as frame sealing, rail bonding, and junction box potting, particularly servicing the growth in building integrated photovoltaic (BIPV) installations [Published On: 2023-03-06]

  • Shin-Etsu Silicones Unveils Anhydrous Silicone Emulsion System

    Shin-Etsu Silicones has unveiled a groundbreaking anhydrous silicone emulsion system, seamlessly integrating a 10% concentration of L-ascorbic acid, reputed for its superior ability to enhance skin tone by minimizing pigmentation and bolstering collagen production. Shin-Etsu's Formulation CAL16-60 preserves the potency of Vitamin C within a non-aqueous emulsion, ensuring remarkable stability against oil separation even under extreme temperatures. With this launch, the company planned to enhance its business offerings to better serve the customer base. [Published On: 2023-01-03]

Key Company Profiles

The report delves into recent significant developments in the Silicones Market, highlighting leading vendors and their innovative profiles. These include Advanced Polymers Ltd., ALSTONE Industries Pvt. Ltd., BASF SE, Butser Rubber Ltd., CHT Group, CSL Silicones Inc., Dow Inc., Elkay Chemicals Pvt. Ltd., Elkem ASA, Evonik Industries AG, Gelest Inc. by Mitsubishi Chemical Corporation, GGF TMRubber Sp. z o. o., Hutchinson Group, Innospec Inc., Kaneka Corporation, Kemira Oyj, Momentive Performance Materials Inc., Nano Tech Chemical Brothers Private Limited, Primasil Silicones Limited, Rego silicones ApS, Reiss Manufacturing, Inc., Shin-Etsu Chemical Co., Ltd., Silchem Inc., Silicone Engineering Limited, Silicone Solutions, Inc. by TECHSiL Ltd, Silkot Silicones, Siltech Corporation, Silteq Ltd., Specialty Silicone Products, Inc., Supreme Silicones India Pvt. Ltd., and Wacker Chemie AG.

Market Segmentation & Coverage

This research report categorizes the Silicones Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Material Type
    • Adhesives
    • Elastomers
      • High Temperature Vulcanized (HTV)
      • Liquid Silicone Rubber (LSR)
      • Room Temperature Vulcanized (RTV)
    • Emulsions
    • Fluids
      • Modified Silicone Fluids
      • Straight Silicone Fluids
    • Gels
    • Resins
      • Methyl silicone resins
      • Phenyl silicone resins
    • Silicone Greases
  • End-User Industry
    • Building & Construction
    • Electronics
    • Energy
    • Healthcare
    • Manufacturing
    • Personal Care & Consumer Products
    • Transportation

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Silicones Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Silicones Market?
  3. What are the technology trends and regulatory frameworks in the Silicones Market?
  4. What is the market share of the leading vendors in the Silicones Market?
  5. Which modes and strategic moves are suitable for entering the Silicones Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Silicones Market, by Material Type
  7. Silicones Market, by End-User Industry
  8. Americas Silicones Market
  9. Asia-Pacific Silicones Market
  10. Europe, Middle East & Africa Silicones Market
  11. Competitive Landscape
  12. Competitive Portfolio
  13. List of Figures [Total: 20]
  14. List of Tables [Total: 478]
  15. List of Companies Mentioned [Total: 31]
Understanding the Scope of Silicones in the Electrical and Electronic Industry and Renewable Sector
June 26, 2023
BLOG
Understanding the Scope of Silicones in the Electrical and Electronic Industry and Renewable Sector
Silicones are a class of synthetic compounds that have been in use for more than 70 years for various industrial applications due to their unique properties. Their versatile nature has led to their increased adoption in industries such as electrical and electronic as well as the rapidly growing renewable sector. Silicones are now playing a vital role in the development of renewable energy and electronic devices due to their durability, resistance to moisture and temperature changes, and electrical insulation properties. This blog post delves deeper into the scope of silicones in the electrical and electronic industry and the renewable sector.

The electrical and electronic industry is one of the leading consumers of silicone, with the compound being a vital component in the production of electronic devices. Silicones are used in the manufacturing of insulators, adhesives, and sealants for electronic components such as power supplies, capacitors, and circuit breakers. They provide excellent electrical insulation, and their ability to repel moisture and dust makes them ideal for protecting circuit boards from environmental damage. The robust nature of silicone also helps ensure that the electronic devices that incorporate them last longer and are more reliable.

Silicones are now playing an even more significant role in the renewable sector, which is rapidly growing due to the need to mitigate the effects of climate change. Silicones are used extensively in the production of solar panels, which are a critical component of renewable energy. The versatility of silicone, coupled with its ability to withstand harsh weather conditions, ensures that solar panels last longer and perform optimally. Silicones are also used in the production of wind turbine blades, where they provide protection and improve the blades' aerodynamics.

Another notable application of silicones in the renewable sector is in the production of electric cars. As the world moves toward the electrification of the transport industry, silicone is an essential component in the protection and insulation of electric vehicle battery systems. The unique properties of silicone help ensure that battery systems perform efficiently by lowering internal resistance and improving heat dissipation, thus reducing the risk of overheating.

Silicones are a class of synthetic compounds that have become an essential component in the electrical and electronic industry and the renewable energy sector. The ability of silicones to provide excellent electrical insulation, protect electronic components from environmental damage, and improve the efficiency of renewable energy systems has led to their increased adoption. With the world becoming more acutely aware of the need to become more environmentally friendly, the demand for silicone is expected to rise. As silicones continue to play a crucial role in the development of renewable energy and electronic devices, the prospects for the material are bright.

Frequently Asked Questions
  1. How big is the Silicones Market?
    Ans. The Global Silicones Market size was estimated at USD 20.19 billion in 2023 and expected to reach USD 21.79 billion in 2024.
  2. What is the Silicones Market growth?
    Ans. The Global Silicones Market to grow USD 35.30 billion by 2030, at a CAGR of 8.30%
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