The "Silicone Market Global Forecast Report by Type End Use, Countries and Company Analysis 2025-2033" report has been added to ResearchAndMarkets.com's offering.
Silicone market is expected to reach US$ 17.29 billion in 2024 to US$ 27.16 billion by 2033, with a CAGR of 5.15 % from 2025 to 2033
The market for silicones is supported by a number of important reasons, including the substantial expansion of the construction sector, the increasing use of products in the cosmetic and personal care sector, and intensive research and development (R&D) efforts.
Asia-Pacific drives demand through fast industrialization, electronics, and construction; Europe concentrates on healthcare and industrial usage; and North America leads in innovation and automotive applications. Adoption is increasing across a range of industries in Latin America and the Middle East.
Global Silicone Industry Overview
The manufacturing and distribution of silicone materials, which are renowned for their flexibility, toughness, and chemical and heat resistance, are included in the silicone market. These adaptable materials are employed for a variety of purposes in a number of industries, such as electronics, healthcare, automotive, and construction. The silicone market is growing due to a number of causes, including the growing use of electric vehicles (EVs) and increased demand from a variety of industries, including electronics and transportation. Additionally, the healthcare industry is becoming more interested in specialist silicone applications, which is propelling market growth.
Furthermore, a major market trend for the future is anticipated to be the growing demand for environmentally friendly silicone products, such as silicone rubber and sophisticated Liquid Injection Molding Systems (LIMS). The environmentally friendly choices aid in lowering greenhouse gas emissions and promote carbon neutrality. In addition to improving energy efficiency, these sustainable solutions support environmental goals and increase their attractiveness to customers and producers.
Growth Drivers for the Silicone Market
The Cosmetics and Personal Care Industry's Growing Product Usage
To achieve a smooth finish, minimize fine wrinkles, and enhance the adhesion of pigments to the skin, silicones are frequently used in a variety of beauty products, including blushes, concealers, primers, and foundations. Additionally, silicones are being utilized more and more in the production of skin and hair care products that improve the application and absorption of active ingredients and function as emollients to provide a barrier of protection for the skin. This barrier helps to improve skin smoothness, maintain moisture, and give the skin a velvety, soft sensation. In addition, silicones are widely used in deodorants, antiperspirants, and fragrances to improve the longevity and dispersal of fragrances and to enable the gradual release of aroma molecules.
In addition, silicones are utilized to increase the texture and moisturizing qualities of body lotions, creams, bath oils, and shower gels. Accordingly, the global market is being stimulated by the creation of hybrid beauty product formulations that use more natural ingredients due to the increasing demand for organic products. For example, a new hybrid makeup pencil that had debuted in Paris the year before was introduced by German cosmetics maker Schwan Cosmetics International GmbH in July 2023. This new formulation included skincare components enhanced with vitamins E and C, and it had up to 91% Natural Origin Content (NOC).
Research and development (R&D) activities that are ongoing
Numerous noteworthy developments in the silicones industry have sparked the creation of new goods and uses. Accordingly, the creation of silicones that can mend themselves when cut or broken, increasing their durability and service life, is having a favorable impact on the market's expansion. Additionally, the industry is expanding due to the increasing use of three-dimensional (3D) printing to produce extremely intricate and personalized silicone-based products and prototypes. Furthermore, the industry is expanding thanks to the emergence of shape-memory silicones, which can change their shape in response to certain stimuli like heat and light.
In addition, the market is expanding due to the recent introduction of biobased silicones, which are made from sustainable resources including plant-based feedstocks and lessen their negative effects on the environment. For instance, in April 2022, during IN COSMETICS Global in Paris, the US-based manufacturer Biosynthetic Technologies, LLC introduced BioEstolide 250-100, a 100% biobased emollient for personal care applications. According to reports, BioEstolide is created from organic fatty acids present in bio-derived oils, creating sustainable emollients with a number of advantages.
The Growing Construction Sector
Because of their versatility and special qualities that improve building performance, durability, and aesthetic appeal, silicones are used extensively in the construction sector. Accordingly, silicones are applied to windows, doors, and facades as adhesives and sealants for waterproofing and sealing purposes. In structural glazing applications, they are also used to attach glass panels to the building's structural frames without the need for mechanical fastening. In addition, silicones are often employed in expansion joints to handle movements brought on by changes in temperature, seismic activity, and structural settling. Furthermore, another important driver driving growth is the extensive use of products in roofing systems as coatings and membranes to offer ultraviolet (UV) resistance and stop leaks.
Furthermore, silicones help to seal cracks in drywall systems, offer acoustic insulation, and improve the longevity and beauty of interior surfaces - all of which contribute to the growth of the silicones market. Growing investments in silicone production in China, the world's largest producer, are driving these variables even more. The Wacker Group, for instance, stated in October 2023 that it will invest around US$ 162 million to upgrade silicone production facilities at the Zhangjiagang facility in Jiangsu Province, China. The new facilities, which will produce useful silicone fluids, silicone emulsions, silicone elastomer gels, etc., are expected to begin operations in 2025.
Company Analysis: Overview, Key Persons, Recent Developments & Strategies, Revenue Analysis
- Shin-Etsu Chemical Co Ltd
- Wacker Chemie AG
- Illinois Tool Works Inc.
- Evonik Industries AG
- Kemira Oyj
- Dow Inc.
- Elkem ASA
- Kaneka Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 110 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value (USD) in 2024 | $17.29 Billion |
| Forecasted Market Value (USD) by 2033 | $27.16 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Silicone Market
6. Market Share Analysis
6.1 By Type
6.2 By End Use
6.3 By Countries
7. Type
7.1 Elastomers
7.2 Fluids
7.3 Resins
7.4 Gels
7.5 Others
8. End Use
8.1 Industrial Processes
8.2 Construction
8.3 Personal Care & Consumer Goods
8.4 Transportation
8.5 Electronics
8.6 Healthcare
8.7 Energy
8.8 Others
9. Countries
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Europe
9.2.1 France
9.2.2 Germany
9.2.3 Italy
9.2.4 Spain
9.2.5 United Kingdom
9.2.6 Belgium
9.2.7 Netherlands
9.2.8 Turkey
9.3 Asia Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 South Korea
9.3.5 Thailand
9.3.6 Malaysia
9.3.7 Indonesia
9.3.8 Australia
9.3.9 New Zealand
9.4 Latin America
9.4.1 Brazil
9.4.2 Mexico
9.4.3 Argentina
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 UAE
9.5.3 South Africa
10. Porter's Five Forces Analysis
10.1 Bargaining Power of Buyers
10.2 Bargaining Power of Suppliers
10.3 Degree of Rivalry
10.4 Threat of New Entrants
10.5 Threat of Substitutes
11. SWOT Analysis
11.1 Strength
11.2 Weakness
11.3 Opportunity
11.4 Threat
12. Key Players Analysis
For more information about this report visit https://www.researchandmarkets.com/r/33jegb
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250416374757/en/
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