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Pulished Date April, 2021
ID: 10668
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Silicone Market By Type (Elastomers, Liquid, Resins, Gels), By End-Use (Power, Industrial Process, Transportation, Personal Care and Equipment, Electrical and Electronics, Building and Constructions) & By Region (North America, Latin America, Europe, APAC, MEA) | 2021 - 2026

Pulished: April, 2021
ID: 10668
Pages: 175

Silicone Market Size, Share & Trends (2021 - 2026)

The size of Silicone Market was valued at USD 6 billion in 2021, and it is expected to grow at a CAGR of 10.7% in the foreseen period of 2021 to 2026. By 2026, the market value will be above 24 billion USD.

Silicones are different from silicon as they include several other components like hydrogen, oxygen, carbon, etc., along with silicon but offers a completely different set of features. Silicones are well-known for their low chemical reactions, low heat conductivity, low toxicity, water repellence, low toxicity and avoiding microbial growth. Silicones are having huge demand in various end-user industries like automotive, aerospace, coatings, cookware, electronics, lubricants, medicine and so on because of their distinct properties. The development in all these industries has directly supported the growth in the global silicone market.

Recent Developments 

  • Axion International, a recycle company based in Ohio, USA, has filed for its bankruptcy as it failed to attract investments from outside financing or credit.

  • Purolite launched a new level in innovation of Silicone simulation platform. This is called Purolite Resin System modelling platform.

  • ACM Technologies opened a new state-of-the-art Silicone regeneration facility in Gardena, CA in the Southern Bay section of Los Angeles. This new plant offers services in west coast for the regeneration and immediate application, which enhances the existing supply chain of the products.

Drivers & Restraints of the Global Silicone Market

The stringent policies regarding environment has made it difficult for plastics and opened doors for the growth of Silicone market in different parts of the world. Ease of handling non-utilized plastic material is also a driving factor for this industry. PE-base Silicone is the highest contributor in the North American region, thus PE-based composited add to the overall growth of the industry. The usage of Silicone in industrial processes, wind energy turbines is growing, and these options are often come cheap as compared to their counterparts which help in the growth of the overall industry. Silicone possesses superior characteristics such as stability to UV, glossiness, transparency, and flexibility. This results in the increase in silicone’s demand for various applications such as construction, consumer goods, automotive, healthcare, medical, electrical & electronics, and industrial sectors. The North American region is one of the largest markets of Silicone market, but the Asia Pacific is growing as the fastest with more growth expected in the area.

Challenges in the Silicone Market

Silicone market industry is affected by the volatile price and alternatives. Mechanical strength of these materials is a major drawback that hinders the growth of the industry. In medical applications, not all silicones are considered suitable for the usage, only class V and VI are considered suitable. Further, these materials are sent in a rigorous process that is cumbersome. This is another factor hindering the rapid expansion of the industry.




Market Size Available

2020 – 2025

Base Year


Forecast Period

2021 - 2026



Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa


 Market Leaders Profiled

Whacker Chemie AG, Certainteed Corporation., Polymera Inc, Reiss Manufacturing, ResinTech Inc.,

Silicone Market

Silicone Market  Market Segmentation

 Silicone Market - By Type

  1. Liquid
  2. Resins
  3. Gels
  4. Elastomers

On the basis of type, Elastomers are the fastest growing segment in the silicone market. The HTV segment of these elastomers accounted for the largest share of the Silicone market in 2017, in terms of both volume and value. HTV Silicone is cured at a high temperature, either by means of platinum catalyzation or organic peroxides. The mechanical strength of the cured rubber is mainly credited to addition of different reinforcing fillers. HTV silicone rubbers find huge usage because of their distinct features like their extensive strength of siloxane bond, electrical and thermal conductivity, and resistance to various aspects like the radiation, steam, flame, oil, and extreme temperature.

 Silicone Market - By End-Use 

  1. Power
  2. Industrial Process
  3. Transportation
  4. Personal Care and Equipment
  5. Electrical and Electronics
  6. Building and Constructions

Transportation industry is also witnessed a huge growth, and since the industry is shifting away from plastic materials to composites, which has proved to be an excellent growth opportunity for the Silicone industry.

Liquid silicone rubber (LSR) is expected to gain market share over the next five years. The surge in call from several applications like injection moulding that plays a crucial role in different end-use verticals like automotive, musical instruments, house-wares, consumer goods, medical equipment, packaging, storage containers etc., is also supplementing to the growth of this segment.

 Silicone Market - By Region

  1. North America

  2. Latin America

  3. Europe

  4. Asia Pacific

  5. Middle East & Africa

North America is one of the largest markets for the worldwide Silicone industry thanks to the huge investments in various end-user sectors. The USA has invested a lot in the power and industrial facilities. Importance to safe packaging has increased and plastics are becoming second choices to the Silicone and bio-based composites.

Asia Pacific Silicone industry accounted for the maximum share in the global silicone marketplace. Construction spending in nations like Malaysia, China, South Korea, India, Indonesia and Vietnam is foreseen to reinforce the local demand for silicone. In addition to this, Asia Pacific is foreseen to witness a hike in electrical & electronics and automotive manufacturing owing to rising affluence of people combined with growing population, thereby bolstering the regional Silicone market.

Key players operating in the global Silicone market are

  1. Whacker Chemie AG

  2. Certainteed Corporation.

  3. Polymera Inc

  4. Reiss Manufacturing

  5. ResinTech Inc.,

Global Silicone Market - Impact of covid-19 pandemic

Coronavirus has exposed severe challenges for the silicone market by impacting its end-user sectors like transportation, building and constructions and so on. Major economies around the world are deeply affected due to this pandemic. For instance, North America, especially USA is badly plagued by COVID-19 virus during the early half of 2020. It has negatively affected the demand for Silicone across various end-use industries such as aerospace & defence, automotive & transportation, power, construction & infrastructure, and electronics. The disruption in the supply chain resulted in delays or non-arrival of raw materials, disrupted financial flows, and declining morale among production line workers, which have compelled transportation and industrial goods manufacturers to operate at reduced abilities. This has resulted in the reduction in demand for Silicone, and this market is estimated to recover from 2021 onwards.

1. Introduction                               

            1.1 Market Definition                   

            1.2 Scope of the report                

            1.3 Study Assumptions                

            1.4 Base Currency, Base Year and Forecast Periods                        

2. Research Methodology                                   

            2.1 Analysis Design                       

            2.2 Research Phases                     

                        2.2.1 Secondary Research           

                        2.2.2 Primary Research   

                        2.2.3 Data Modelling        

                        2.2.4 Expert Validation    

            2.3 Study Timeline             

3. Report Overview                                   

            3.1 Executive Summary               

            3.2 Key Inferencees                       

4. Market Dynamics                                  

            4.1 Impact Analysis                       

                        4.1.1 Drivers

                        4.1.2 Restaints       

                        4.1.3 Opportunities           

            4.2 Regulatory Environment                  

            4.3 Technology Timeline & Recent Trends                 

5. Competitor Benchmarking Analysis                         

            5.1 Key Player Benchmarking                 

                        5.1.1 Market share analysis        

                        5.1.2 Products/Service     

                        5.1.3 Regional Presence  

            5.2 Mergers & Acquistion Landscape              

            5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                         

            6.1 Silicone Market, By Type                  

                        6.1.1 Liquid 

                        6.1.2 Resins 

                        6.1.3 Gels    

                        6.1.4 Elastomers    

                        6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                        6.1.6 Y-o-Y Growth Rate Analysis          

                        6.1.7 Market Attractiveness Index       

            6.2 Silicone Market, By End-Use Industry                  

                        6.2.1 Power 

                        6.2.2 Industrial Process   

                        6.2.3 Transportation         

                        6.2.4 Personal Care and Equipment     

                        6.2.5 Electrical and Electronics  

                        6.2.6 Building and Constructions          

                        6.2.7 Market Size Estimations & Forecasts (2021-2026)   

                        6.2.8 Y-o-Y Growth Rate Analysis          

                        6.2.9 Market Attractiveness Index       

7. Geographical Landscape                                 

            7.1 Global Identity Governance and Administration Market, by Region                      

            7.2 North America - Market Analysis (2018 - 2024)            

                        7.2.1 By Country    



                        7.2.2 By Type          

                        7.2.3 By End-Use Industry           

            7.3 Europe               

                        7.3.1 By Country    






                           Rest of Europe

                        7.3.2 By Type          

                        7.3.3 By End-Use Industry           

            7.4 Asia Pacific                   

                        7.4.1 By Country    




                           South Korea

                           South East Asia

                           Australia & NZ

                           Rest of Asia-Pacific

                        7.4.2 By Type          

                        7.4.3 By End-Use Industry           

            7.5 Latin America              

                        7.5.1 By Country    




                           Rest of Latin America

                        7.5.2 By Type          

                        7.5.3 By End-Use Industry           

            7.6 Middle East and Africa                      

                        7.6.1 By Country    

                           Middle East


                        7.6.2 By Type          

                        7.6.3 By End-Use Industry           

8. Key Player Analysis                               

            8.1 Whacker Chemie AG             

                        8.1.1 Business Description          

                        8.1.2 Products/Service     

                        8.1.3 Financials      

                        8.1.4 SWOT Analysis         

                        8.1.5 Recent Developments        

                        8.1.6 Analyst Overview    

            8.2 Certainteed Corporation.                 

            8.3 Polymera Inc               

            8.4 Reiss Manufacturing              

            8.5 ResinTech Inc.             

9. Market Outlook & Investment Opportunities                               


            List of Tables                       

            List of Figures                     

  1. ​​​​​​Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  2. Segment-level analysis in terms of by product type, by resign type, by application & by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail

  3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  9. Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Silicone Market By Region, From 2021-2026 ( USD Billion )

  2. Global Silicone Market By Type, From 2021-2026 ( USD Billion )

  3. Global Liquid Market By Region, From 2021-2026 ( USD Billion )

  4. Global Resins Market By Region, From 2021-2026 ( USD Billion )

  5. Global Gels Market By Region, From 2021-2026 ( USD Billion )

  6. Global Elastomers Market By Region, From 2021-2026 ( USD Billion )

  7. Global Silicone Market By End Use Industry, From 2021-2026 ( USD Billion )

  8. Global Power Market By Region, From 2021-2026 ( USD Billion )

  9. Global Industrial Process Market By Region, From 2021-2026 ( USD Billion )

  10. Global Transportation Market By Region, From 2021-2026 ( USD Billion )

  11. Global Personal Care and Equipment Market By Region, From 2021-2026 ( USD Billion )

  12. Global Electrical and Electronics Market By Region, From 2021-2026 ( USD Billion )

  13. Global Building and Constructions Market By Region, From 2021-2026 ( USD Billion )

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