The global silicone market is expected to be valued at USD 23.55 Billion in 2027 from USD 16.02 billion in 2019, registering a CAGR of 4.8% through the forecast period. Silicones are high-performance specialty materials mainly comprising polymers and siloxane, a combination of silicon, oxygen, carbon, and hydrogen. The initial phase of silicone production involves a chemical reaction between silicon and methyl chloride to produce silanes, enabling the production of siloxanes, and eventually, silicones. Silicones are lightweight and offer robust resistance to moisture, heat, ultraviolet (UV) radiation, and various harmful chemicals. High durability, strong adhesion, dielectricity, radiation resistance, foam control, hydrophobicity, glossiness, and flexibility are the prominent characteristics of silicones. Hence, silicones’ superior chemical and physical properties make them highly suitable for use in the construction, consumer electronics, personal care, healthcare, and automotive industries.
The global silicone market growth is primarily attributed to the increasing applications of silicone in the aforementioned industries, extensive usage in a wide range of industrial processes, increasing use of liquid silicon rubber in the manufacturing sector, and growing usage in the construction industry for weatherproofing and glazing. The augmenting use of silicone in the manufacture of adhesives and coatings and the rising adoption of anti-microbial silicone elastomers in the healthcare sector for bandage coating, eye lenses, and medical implants, further bolster the growth of this market. The automotive industry widely utilizes silicone for connector seals, wiper blades, gaskets, spark plug boots, turbocharger hoses, and ignition cables.
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Moreover, manufacturers are increasingly focusing on technologically advancing silicone products to enhance their viability and efficiency for industrial uses. For instance, ultra-pure silicone is significantly employed in solar panels, photovoltaic power generation, and nano-electronics. Ultra-pure silicone is a highly processed and the purest form of silicone. It also finds various medical applications, such as respiratory masks, medical tubing and valves, and instrument handles and membranes.
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For the purpose of this study, the global silicone market has been segmented on the basis of product type, raw material, application, and region:
By Product Type (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
By Raw Material (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
By Application (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
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By Region (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
North America
• U.S.
• Canada
Europe
• Germany
• U.K.
• France
• BENELUX
• Rest of Europe
Asia Pacific
• China
• Japan
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• U.A.E.
• Rest of Middle East & Africa
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