Press release
Emerging Trends to Reshape the Silicone Market: Advanced Silicone Resin Binders Revolutionizing High-Performance Industrial Coatings as a Key Influencer
Silicone
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Silicone Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The dimensions of the silicone market have seen rapid expansion in the past couple of years. The market value is expected to rise from $24.65 billion in 2024 to $28.73 billion in 2025, marking a compound annual growth rate (CAGR) of 16.6%. Factors stimulating this growth during the historical period encompass the construction and building industry, automotive sector, electrical and electronics spheres, and healthcare and medical devices field._x000D_
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Silicone Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
In the coming years, the silicone market size is anticipated to experience swift expansion. The market is projected to escalate to $50.05 billion by the year 2029, with a compound annual growth rate (CAGR) of 14.9%. The acceleration during the predicted period can be credited to green and sustainable materials, renewable energy framework, sophisticated electronics and 5g, along with consumer and industrial 3D printing. The predicted period is also marked by emerging trends such as bio-compatible silicones, silicone hybrid materials, sustainable production, advanced functional silicones, and superior thermal management._x000D_
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What Are the Drivers Transforming the Silicone Market?_x000D_
The anticipated expansion in the automobile industry is poised to stimulate the Silicon (excluding resins) market's progress. The term 'automobile industry' encompasses a conglomerate of companies and institutions involved in the ideation, manufacturing, promotion, and sale of automobiles. Silicones, famed for their heat resistance and robustness, are an essential component in the production of engine gaskets, seals, and hoses, which must endure extreme heat, pressure, and chemical exposure. Take, for example, in January 2023, the National Automobile Dealers Association (NADA), a trade organization based in the United States, reported 13.7 million new light-vehicle sales in the US, forecasting 14.6 million new light-vehicle sales for 2023; this denotes a 6.6% rise in comparison to the 2022 forecast. Consequently, the surge in the automobile industry is facilitating the expansion of the silicon market._x000D_
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What Long-Term Trends Will Define the Future of the Silicone Market? _x000D_
Top firms in the silicon market are striving to create innovative products such as silicon resin binders, which offer a high level of binding capabilities useful for superior coating performance. Constructed from silicone polymers, silicone resin binders possess remarkable heat resistance, chemical stability, and water-repelling properties. They produce sturdy protective layers, safeguarding surfaces from factors such as UV rays, intense heat, and moisture. For example, Wacker, a chemical company based in Germany, in April 2023, introduced SILRES M 51 E and SILRES IC 900. These fresh silicone resin binders are formulated for industrial coatings capable of withstanding temperatures up to 600°C and stick effectively to metals like steel and aluminum. Their capacity to endure heat makes them ideal for industrial coatings in hot environment settings such as chemical plants and piping systems._x000D_
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Which Segments in the Silicone Market Offer the Most Profit Potential?_x000D_
The silicone market covered in this report is segmented - _x000D_
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1) By Product Type: Elastomers, Fluids, Gels, Other Product Types _x000D_
2) By Application: Construction, Transportation, Electrical And Electronics, Textiles, Personal Care And Pharmaceuticals, Other Applications _x000D_
3) By End User: Industrial, Electronics, Machinery, Aerospace, Medical_x000D_
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Subsegments:_x000D_
1) By Elastomers: Solid Silicone Elastomers, Liquid Silicone Rubber (LSR), High-Temperature Silicone Elastomers _x000D_
2) By Fluids: Silicone Oils, Silicone Greases, Silicone Emulsions _x000D_
3) By Gels: Medical Grade Silicones, Cosmetic And Personal Care Silicones, Industrial Silicones _x000D_
4) By Other Product Types: Silicone Resins, Silicone Sealants, Silicone Adhesives, Silicone Coatings_x000D_
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Which Firms Dominate the Silicone Market by Market Share and Revenue in 2025?_x000D_
Major companies operating in the silicone (except resins) market include Wacker-Chemie AG, CSL Silicones Inc., Specialty Silicone Products Inc., Evonik Industries AG, Kaneka Corporation, Dow Corning Corporation, Momentive Performance Materials Inc., Elkem ASA, Gelest Inc., BASF SE, Emerald Performance Materials LLC, Shin-Etsu Chemical Co., Ltd., Siltech Corporation Inc., ICM Products Inc., CHT Group, Primasil Silicones Ltd., 3M Company, Nusil Technology LLC, Allergan plc, Ashland Inc., Arkema Inc., Silteq Limited, KCC Corporation, SiVance LLC, Zhejiang Xinan Chemical Industrial Group Co. Ltd., Reiss Manufacturing Inc., Compagnie de Saint-Gobain SA, Silicone Solutions, Dow Chemical Company, Covestro AG, Huntsman Corporation, Eastman Chemical Company, Mitsui Chemicals Inc., DIC Corporation _x000D_
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Which Regions Offer the Highest Growth Potential in the Silicone Market?_x000D_
Asia-Pacific was the largest region in the silicone market in 2023. North America was the second-largest region in the global silicone market. The regions covered in the silicone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa._x000D_
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1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions._x000D_
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
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