Segmentation, Major Trends, and Competitive Overview of the Silicone (excluding Resins) Market

The silicone market, excluding resins, is set to experience remarkable expansion in the coming years, driven by multiple factors ranging from medical advancements to technological innovations. Understanding the market's size, prominent players, driving forces, and segmentation provides valuable insight into its promising future.

Projected Growth and Market Size of the Silicone (except resins) Market
The market for silicone, excluding resins, is forecasted to reach an impressive $106.48 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.8%. This anticipated growth is fueled by demographic changes such as an aging global population, an increase in surgical procedures, and the expanding use of silicone in dental applications. Innovations in medical-grade silicones and rising regulatory approvals also contribute significantly. Emerging trends during this period include wider adoption of silicone in medical implants, growing applications for liquid silicone rubber, increased demand for biocompatible materials, and heightened use in healare devices, with particular attention to high-purity silicone grades.

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Top Companies Leading the Silicone (except resins) Market
Several key players dominate this evolving market landscape. Leading companies include Wacker-Chemie GmbH, CSL Silicones, Specialty Silicone Products Incorporated, Evonik Industries AG, Kaneka Corporation, Dow Corning Corporation, Momentive, Elkem ASA, Gelest Inc., Shin-Etsu Chemical Co. Ltd., Siltech Corporation, Primasil Silicones, Nusil Technology LLC, Silteq Limited, KCC Corporation, Zhejiang Xinan Chemical Industrial Group Co. Ltd., Silicone Solutions, Dow Silicones Corporation, Momentive Performance Materials Inc., BRB International BV, Bluestar Silicones, Supreme Silicones, and AB Specialty Silicones.

A notable development in May 2024 saw South Korea's KCC Corporation acquire the US-based Momentive Performance Materials Group in a deal with undisclosed financial details. This acquisition strengthens Momentive's technological prowess and broadens its reach in advanced silicones and specialized applications, enhancing its global footprint.

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Innovations Shaping Growth in the Silicone (except resins) Market
Companies in this sector are actively developing new technologies to boost their market presence and profitability. Recent innovations include low-cyclosiloxane silicone elastomer blends and silicone resin blends designed for topical applications. For example, in April 2023, DuPont de Nemours Inc. unveiled advancements in these blends, aiming to improve product performance. The low-cyclic silicone elastomer blends enhance the spreadability of topical products, offering users a smooth and silky skin feel. Meanwhile, the silicone resin blends are tailored for use in sun care, color cosmetics, and antiperspirants, designed to form water-resistant, durable layers that extend the longevity of these formulations.

Key Segments and Classification within the Silicone (except resins) Market
The silicone market excluding resins is categorized into several major segments:
1) Product Type: Elastomers, Fluids, Gels
2) Application Areas: Construction, Transportation, Electrical and Electronics, Textiles, Personal Care and Pharmaceuticals, and Other Applications
3) End Users: Industrial, Electronics, Machinery, Aerospace, Medical

Further subcategories break down as follows:
- Elastomers: Liquid Silicone Rubber (LSR), Solid Silicone Elastomers, High-Temperature Elastomers
- Fluids: Silicone Oils, Silicone Greases, Silicone Emulsions
- Gels: Medical-Grade Silicones, Cosmetic and Personal Care Silicones, Industrial Silicones
- Other Products: Silicone Sealants, Silicone Adhesives, Silicone Coatings, Silicone Foams

This detailed segmentation helps pinpoint where demand is strongest and highlights opportunities across diverse industries relying on silicone technologies.

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This release was published on openPR.