The latest report by IMARC Group, titled “Silicones and Siloxanes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global silicones and siloxanes market reached a value of US$ 20.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 29.1 Billion by 2027, exhibiting a CAGR of 5.75% during the forecast period (2022-2027). Siloxanes refer to the class of chemical compounds composed of recurring silicon-oxygen (Si-O) bonds that occur in either linear or cyclic form. They are physiologically inert, highly stable, and have lubricating properties. On the other hand, silicones are polymeric, synthetic materials formulated from siloxanes. They are odorless, water repellent, flexible, resistant to chemicals and moisture and have high oxidation and temperature stability. As a result, silicones find extensive applications in the cosmetics, construction, and food and beverage (F&B) industries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Silicones and Siloxanes Market Trends:
The increasing usage of cyclic siloxanes and silicone polymers in personal care products, such as cosmetics, deodorants, sun-care products, and hair creams and conditioners, is primarily driving the market growth. This can be attributed to their benefits such as low skin irritation and surface tension, and anti-foaming properties. Moreover, siloxanes are utilized in the food and beverage (F&B) industry as an oil substitute to prepare low-calorie food products. Besides this, silicone-based materials, such as sealants, adhesives and protective coatings, are strong, durable, and weather-resistant. As a result, they are widely utilized to manufacture building materials and polyurethane foam to improve the insulation and energy efficiency of buildings. This, in confluence with the expanding construction industry and increasing infrastructural development in various countries, is contributing to the market growth.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
· The Dow Chemical Company
· Wacker Chemie AG
· Momentive Performance Materials Inc.
· Shin-Etsu Chemical Co. Ltd.
· Elkem ASA
Breakup by Type:
Breakup by Application:
· Industrial applications
· Construction materials
· Home and personal care
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 (2015-2020)
· Market Outlook (2021-2026)
· 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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