Press release
Silicones and Siloxanes Market to Reach US$ 30.8 Billion by 2028
Silicones and Siloxanes Market
Silicones and Siloxanes Industry Outlook:
Siloxanes refer to volatile organosilicon compounds that comprise recurring silicon-oxygen (Si-O) bonds occurring in either cyclic or linear form. They are physiologically inert, highly stable, exhibit lubricating properties, and are utilized as an oil substitute in low-calorie food products. On the other hand, silicones refer to synthetic polymers consisting of hydrogen, carbon, and repeating siloxane monomers. They are durable synthetic materials that are heat resistant and are widely used in plastic and cosmetic surgeries. The demand for products is rising due to their durability, resilience, gas permeability, temperature resilience, and resistance to heat, moisture, chemicals, and ultraviolet radiation.
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Global Silicones and Siloxanes Industry Demand:
The growing demand for silicones and siloxanes from the construction sector is driving the global market. This can be attributed to increasing product utilization for weatherproofing and structural glazing to improve the energy efficiency of buildings. Moreover, the significant adoption of silicone polymers and cyclic siloxanes in the personal care sector as a solvent in the formulation of skin, cosmetics, hair, deodorants, and sun care products is providing a boost to the demand. In line with this, the growing utilization of silicone polymers in electronics, aerospace, renewable energy, and electric vehicles is acting as another growth-inducing factor. The market is further driven by other factors, including continual technological advancements, and rapid industrialization.
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Key Market Segmentation:
Leading Key Players in Silicones and Siloxanes Market:
• 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 (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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