The global silicone market stood at USD 17.1 billion in 2021 and is projected to reach USD 27.1 billion by 2030, growing at a CAGR of 8.4% during the forecast period, 2022-2030.

The vital factor for the rising demand is mainly because of its usage in numerous industries. The demand for light weighted materials in the automobile industry, fuels the growth of silicone and a huge amount is spent on research and development for expanding the usage of silicone in producing new materials and widening the end user industry.

Major market player included in this report are:
Wacker Chemie AG
KCC Corporation
Shin-Etsu Chemical Co., Ltd
Gelest Inc
Evonik Industries AG
The Dow Chemical Company
Kaneka Corporation
Arkema Group
Ferroglobe PLC
Quantum Silicone

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Elastomers
Fluids
Resins
Gels
Others
By End User
Industrial Process
Building & Construction
Transportation
Personal Care & Consumer Products
Medical & Healthcare
Paper
Textile
Electronics
Energy
Others


By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rusia
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA

Furthermore, years considered for the study are as follows:

Historical year 2017, 2020
Base year 2021
Forecast period 2022 to 2030.

Target Audience of the Global Silicone Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors