Silicones and Siloxanes Market to Reach US$ 29.1 Billion by 2027

According to the latest report by IMARC Group, titled "Silicones and Siloxanes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global silicones and siloxanes market size reached US$ 20.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2027, exhibiting a growth rate (CAGR) of 5.75% during 2022-2027.

Silicones, also known as poly-siloxanes, refer to synthetic polymers consisting of hydrogen, carbon, and repeating siloxane monomers. They are durable synthetic materials widely used in plastic and cosmetic surgeries. On the other hand, siloxanes are volatile organosilicon compounds that comprise recurring silicon-oxygen (Si-O) bonds, occurring in either linear or cyclic form. They are physiologically inert and highly stable and exhibits lubricating properties, mainly utilized as an oil substitute in low-calorie food products. Additionally, siloxanes are also used to formulate silicones in a wide range of physical forms, including liquids, semi-viscous paste, solids and oils. As a result, they are extensively utilized in numerous end-use industries, such as chemicals, automobiles, and telecommunications.

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Global Silicones and Siloxanes Market Growth:

The increasing demand for silicones and siloxanes from the construction sector majorly drives the global market. This can be attributed to growing product utilization for structural glazing and weatherproofing to improve the energy efficiency of buildings. Also, they are deployed to seal joints and openings in various construction applications, such as attaching glass, metal, and panel materials, further catalyzing the market growth. Along with this, the rising adoption of silicone polymers and cyclic siloxanes in the personal care industry as a solvent in the formulation of skin, deodorants, cosmetics, hair, and sun care products, is significantly supporting the demand on the global level. Some of the other factors driving the market growth include continual technological advancements and growing awareness regarding their benefits.

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Key Market Segmentation:

Competitive Landscape:

• Dow Chemical Company
• Momentive Performance Materials Inc.
• Wacker Chemie AG
• Shin-Etsu Chemical Co., Ltd.
• Elkem ASA

Silicones Market:

Breakup by Type:

• Elastomers
• Fluids
• Resins
• Gels

Breakup by Application:

• Industrial Applications
• Construction Materials
• Home and Personal Care
• Transportation
• Energy
• Healthcare
• Electronics
• Others

Siloxanes Market:

Breakup by Type:

• Linear
• Cyclic

Breakup by Application:

• Silicones
• Other Applications

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (Germany, France, United Kingdom, Italy, Spain, Others)
• Europe (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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