Market Study: Silicones (2nd edition)

Introduction


Silicones are indispensable in many industries. These plastics are used for various products, from pacifiers to computer keyboards. Based on quartz sand via the production of silicon metal, complex chemical processes yield a wide variety of different silicone compounds. The most important ones are silicone elastomers, silicone oils and silicone resins. Application areas are construction, automotive, electrical and electronics, medical technology, cosmetics, textiles, and paper. The market research institute Ceresana analyzed this lucrative, rapidly growing market already for the second time: Global revenues generated with silicones rose by 4.2% per year since 2008; in 2016, about USD 15.5 billion were reached. Ceresana expects the silicone market to increase further by 4.0% p.a. until 2024.

Silicones: Growth Engine Automotive Industry

A decisive advantage for manufacturers of silicones is the variety of sales markets: Demand is distributed evenly among several large sectors. In the construction industry, silicones are mainly used as sealants, adhesives, and in coatings. The electronic industry applies silicones mainly to protect electronic components from extreme heat, moisture, salt, corrosion, and contamination. For example, computers, telephones, and LED lights contain silicones and the application areas are gradually expanded. Silicone demand in the automotive segment will presumably register similarly high growth rates in the upcoming eight years as in the electrical and electronics industry. Innovative projects such as hybrid and electric vehicles or autonomous vehicles will support this growth.

Silicone Elastomers Used in Sealing and Insulation

The majority of the global production of silicones is accounted for by silicone elastomers which are, for example, used in seals, electrical insulations or baking tins. A distinction is made between solid and liquid silicone rubber. Especially because of the large E&E industry, Asia-Pacific consumes a disproportionately large amount of silicone elastomers. In Western Europe and North America, revenues generated with elastomers are slightly higher than revenues generated with silicone oils. Silicone resins that are for example used for paints and varnishes have so far been accounting for a much smaller market share in all regions, but are likely to develop at sound growth rates in the future.

Asia-Pacific Continues to Be on the Growth Path

Given the massive increase of capacity in China, Asia-Pacific became the worldwide largest manufacturer of silicones in the past years. Ceresana expects the production in this region to continue to grow. Western Europe ranks second, followed by North America. Asia-Pacific accounted for more than half of the worldwide silicone output in 2016. China is the largest consumer of silicones worldwide. The gap to the second and third largest sales markets, Western Europe and North America, is likely to continue to widen in the future. Yet, established industrialized countries report a higher market value compared to silicone demand, as China tends to consume cheaper products instead of high-end specialty silicones.

Market Study in Brief:

With this market study, you receive the most comprehensive and up-to-date analysis on the global silicones market. Thereby, Ceresana evaluates the market size, market share and market trends of this industry. The market study is divided into following chapters:

Chapter 1 provides a presentation and analysis of the global market for silicones – including forecasts up to 2024: Demand in tonnes, revenues per product type, total revenues, and production volume will be depicted, split by world regions. This chapter will also include a concise and precise summary of the most important facts regarding production and characteristics of silicones and individual product types.

Chapter 2 is a detailed analysis of total demand, revenues generated with silicones as well as market value in construction, E&E, automotive, health care and cosmetics as well as in other applications.

Chapter 3 offers a well-grounded analysis of various applications of silicones: Data on demand and sales development, split by the seven world regions Western Europe, Eastern Europe, North America, South America, Asia-Pacific, the Middle East, and Africa are given.

Chapter 4 provides profiles of the largest manufacturers of silicones, clearly arranged according to contact details, revenues, profit, product range, production sites, profile summary, product types, and applications. Extensive profiles of 49 manufacturers are given, e.g. of China National Bluestar (Group) Co., Ltd., Dow Corning Corporation, Evonik Industries AG, Momentive Performance Materials Holdings Inc., Shin-Etsu Chemical Co., Ltd., and Wacker Chemie AG.

Table of Contents

1 Market Data
1.1 World
1.1.1 Demand
1.1.2 Revenues
1.1.3 Revenues per Product Group
1.1.4 Production
1.2 Western Europe
1.2.1 Demand
1.2.2 Revenues per Product Group
1.2.3 Production
1.3 Eastern Europe
1.3.1 Demand
1.3.2 Revenues per Product Group
1.3.3 Production
1.4 North America
1.4.1 Demand
1.4.2 Revenues per Product Group
1.4.3 Production
1.5 South America
1.5.1 Demand
1.5.2 Revenues per Product Group
1.5.3 Production
1.6 Asia-Pacific
1.6.1 Demand
1.6.2 Revenues per Product Group
1.6.3 Production
1.7 Middle East and Africa
1.7.1 Demand
1.7.2 Revenues per Product Group

2 Country Profiles
2.1 Western Europe
2.1.1 Germany
2.1.1.1 Demand and Revenues
2.1.1.2 Revenues per Application
2.1.2 France
2.1.2.1 Demand and Revenues
2.1.2.2 Revenues per Application
2.1.3 United Kingdom
2.1.3.1 Demand and Revenues
2.1.3.2 Revenues per Application
2.1.4 Italy
2.1.4.1 Demand and Revenues
2.1.4.2 Revenues per Application
2.1.5 Spain
2.1.5.1 Demand and Revenues
2.1.5.2 Revenues per Application
2.1.6 Other Western Europe
2.1.6.1 Demand and Revenues
2.1.6.2 Revenues per Application
2.2 Eastern Europe
2.2.1 Russia
2.2.1.1 Demand and Revenues
2.2.1.2 Revenues per Application
2.2.2 Turkey
2.2.2.1 Demand and Revenues
2.2.2.2 Revenues per Application
2.2.3 Other Eastern Europe
2.2.3.1 Demand and Revenues
2.2.3.2 Revenues per Application
2.3 North America
2.3.1 Canada & Mexico
2.3.1.1 Demand and Revenues
2.3.1.2 Revenues per Application
2.3.2 USA
2.3.2.1 Demand and Revenues
2.3.2.2 Revenues per Application
2.4 South America
2.4.1 Brazil
2.4.1.1 Demand and Revenues
2.4.1.2 Revenues per Application
2.4.2 Other South America
2.4.2.1 Demand and Revenues
2.4.2.2 Revenues per Application
2.5 Asia-Pacific
2.5.1 China
2.5.1.1 Demand and Revenues
2.5.1.2 Revenues per Application
2.5.2 India
2.5.2.1 Demand and Revenues
2.5.2.2 Revenues per Application
2.5.3 Japan
2.5.3.1 Demand and Revenues
2.5.3.2 Revenues per Application
2.5.4 South Korea
2.5.4.1 Demand and Revenues
2.5.4.2 Revenues per Application
2.5.5 Other Asia-Pacific
2.5.5.1 Demand and Revenues
2.5.5.2 Revenues per Application

3 Applications
3.1 World
3.1.1 Construction
3.1.2 Electrical & Electronics
3.1.3 Automotive
3.1.4 Health Care and Cosmetics
3.1.5 Others
3.2 Western Europe
3.2.1 Construction
3.2.2 Electrical & Electronics
3.2.3 Automotive
3.2.4 Health Care and Cosmetics
3.2.5 Others
3.3 Eastern Europe
3.3.1 Construction
3.3.2 Electrical & Electronics
3.3.3 Automotive
3.3.4 Health Care and Cosmetics
3.3.5 Others
3.4 North America
3.4.1 Construction
3.4.2 Electrical & Electronics
3.4.3 Automotive
3.4.4 Health Care and Cosmetics
3.4.5 Others
3.5 South America
3.5.1 Construction
3.5.2 Electrical & Electronics
3.5.3 Automotive
3.5.4 Health Care and Cosmetics
3.5.5 Other Applications
3.6 Asia-Pacific
3.6.1 Construction
3.6.2 Electrical & Electronics
3.6.3 Automotive
3.6.4 Health Care and Cosmetics
3.6.5 Other Applications
3.7 Middle East
3.8 Africa

4 Company Profiles
4.1 Western Europe
Belgium (1 Producer)
Finland (1)
France (3)
Germany (5)
Switzerland (2)
The Netherlands (1)
4.2 North America
Canada (3)
Mexico (1)
USA (22)
4.3 Asia-Pacific
China (6)
Japan (2)
Singapore (1)
South Korea (1)

List of Graphs

Graph 1: Simplified schematic of silicone production
Graph 2: Global demand for silicones from 2008 to 2024
Graph 3: Global demand for silicones from 2008 to 2024 – split by regions
Graph 4: Global revenues generated with silicones from 2008 to 2024 in billion USD and billion EUR
Graph 5: Euro-reference rate between 2008 and 2017: USD per EUR
Graph 6: Global revenues generated with silicones from 2008 to 2024 in billion USD – split by regions
Graph 7: Global revenues generated with silicones from 2008 to 2024 in billion EUR – split by regions
Graph 8: The most important product groups of silicone elastomers
Graph 9: Global production of silicones from 2008 to 2024 in million tonnes
Graph 10: Demand for silicones in Western Europe from 2008 to 2024
Graph 11: Revenues generated with silicones in Western Europe from 2008 to 2024 in billion USD and billion EUR
Graph 12: Production of silicones in Western Europe from 2008 to 2024
Graph 13: Demand for silicones in Eastern Europe from 2008 to 2024
Graph 14: Revenues generated with silicones in Eastern Europe from 2008 to 2024 in billion USD and billion EUR
Graph 15: Production of silicones in Eastern Europe from 2008 to 2024
Graph 16: Demand for silicones in North America from 2008 to 2024
Graph 17: Revenues generated with silicones in North America from 2008 to 2024 in billion USD and billion EUR
Graph 18: Production of silicones in North America from 2008 to 2024
Graph 19: Demand for silicones in South America from 2008 to 2024
Graph 20: Revenues generated with silicones in South America from 2008 to 2024 in billion USD and billion EUR
Graph 21: Production of silicones in South America from 2008 to 2024
Graph 22: Demand for silicones in Asia-Pacific from 2006 to 2024
Graph 23: Revenues generated with silicones in Asia-Pacific from 2008 to 2024 in billion USD and billion EUR
Graph 24: Production of silicones in Asia-Pacific from 2008 to 2024
Graph 25: Demand for silicones in the Middle East and Africa from 2008 to 2024
Graph 26: Revenues generated with silicones in the Middle East and Africa from 2008 to 2024 in billion USD and billion EUR
Graph 27: Demand for silicones in Germany from 2008 to 2024
Graph 28: Revenues generated with silicones in Germany from 2008 to 2024 in million USD and million EUR
Graph 29: Demand for silicones in France from 2008 to 2024
Graph 30: Revenues generated with silicones in France from 2008 to 2024 in million USD and million EUR
Graph 31: Demand for silicones in the United Kingdom from 2008 to 2024
Graph 32: Revenues generated with silicones in the United Kingdom from 2008 to 2024 in million USD and million EUR
Graph 33: Demand for silicones in Italy from 2008 to 2024
Graph 34: Revenues generated with silicones in Italy from 2008 to 2024 in million USD and million EUR
Graph 35: Demand for silicones in Spain from 2008 to 2024
Graph 36: Revenues generated with silicones in Spain from 2008 to 2024 in million USD and million EUR
Graph 37: Demand for silicones in Other Western Europe from 2008 to 2024
Graph 38: Revenues generated with silicones in Other Western Europe from 2008 to 2024 in million USD and million EUR
Graph 39: Demand for silicones in Russia from 2008 to 2024
Graph 40: Revenues generated with silicones in Russia from 2008 to 2024 in million USD and million EUR
Graph 41: Demand for silicones in Turkey from 2008 to 2024
Graph 42: Revenues generated with silicones in Turkey from 2008 to 2024 in million USD and million EUR
Graph 43: Demand for silicones in Other Eastern Europe from 2008 to 2024
Graph 44: Revenues generated with silicones in Other Eastern Europe from 2008 to 2024 in billion USD and billion EUR
Graph 45: Demand for silicones in Canada / Mexico from 2008 to 2024
Graph 46: Revenues generated with silicones in Canada / Mexico from 2008 to 2024 in million USD and million EUR
Graph 47: Demand for silicones in the USA from 2008 to 2024
Graph 48: Revenues generated with silicones in the USA from 2008 to 2024 in million USD and million EUR
Graph 49: Demand for silicones in Brazil from 2008 to 2024
Graph 50: Revenues generated with silicones in Brazil from 2008 to 2024 in million USD and million EUR
Graph 51: Demand for silicones in Other South America from 2008 to 2024
Graph 52: Revenues generated with silicones in Other South America from 2008 to 2024 in million USD and million EUR
Graph 53: Demand for silicones in China from 2008 to 2024
Graph 54: Revenues generated with silicones in China from 2008 to 2024 in million USD and million EUR
Graph 55: Demand for silicones in India from 2008 to 2024
Graph 56: Revenues generated with silicones in India from 2008 to 2024 in million USD and million EUR
Graph 57: Demand for silicones in Japan from 2008 to 2024
Graph 58: Revenues generated with silicones in Japan from 2008 to 2024 in million USD and million EUR
Graph 59: Demand for silicones in South Korea from 2008 to 2024
Graph 60: Revenues generated with silicones in South Korea from 2008 to 2024 in million USD and million EUR
Graph 61: Demand for silicones in Other Asia-Pacific from 2008 to 2024
Graph 62: Revenues generated with silicones in Other Asia-Pacific from 2008 to 2024 in million USD and million EUR
Graph 63: Global revenues generated with silicones from 2008 to 2024 – split by applications
Graph 64: Global revenues generated with silicones in construction from 2008 to 2024 – split by regions
Graph 65: Global revenues generated with silicones in electrical and electronics from 2008 to 2024 – split by regions
Graph 66: Global revenues generated with silicones in automotive from 2008 to 2024 – split by regions
Graph 67: Global revenues generated with silicones in health care and cosmetics from 2008 to 2024 - split by regions
Graph 68: Global revenues generated with silicones in other applications from 2008 to 2024 – split by regions
Graph 69: Revenues generated with silicones in Western Europe from 2008 to 2024 – split by applications
Graph 70: Revenues generated with silicones in Eastern Europe from 2008 to 2024 – split by applications
Graph 71: Revenues generated with silicones in North America from 2008 to 2024 – split by applications
Graph 72: Revenues generated with silicones in South America from 2008 to 2024 in million USD – split by applications
Graph 73: Revenues generated with silicones in Asia-Pacific from 2008 to 2024 in million USD – split by applications
Graph 74: Revenues generated with silicones in the Middle East from 2008 to 2024 – split by applications
Graph 75: Revenues generated with silicones in Africa from 2008 to 2024 – split by applications

List of Tables

Table 1: Global demand for silicones from 2008 to 2024 – split by regions
Table 2: Global revenues generated with silicones from 2008 to 2024 in billion USD – split by regions
Table 3: Global revenues generated with silicones from 2008 to 2024 in billion EUR – split by regions
Table 4: Global revenues generated with silicones from 2008 to 2024 – split by products
Table 5: Global production of silicones from 2008 to 2024 – split by regions
Table 6: Demand for silicones in Western Europe from 2008 to 2024 – split by major countries
Table 7: Revenues generated with silicones in Western Europe from 2008 to 2024 – split by product groups
Table 8: Most important manufacturers of silicones headquartered in Western Europe
Table 9: Demand for silicones in Eastern Europe from 2008 to 2024 – split by major countries
Table 10: Revenues generated with silicones in Eastern Europe from 2016 to 2024 – split by products
Table 11: Demand for silicones in North America from 2008 to 2024 – split by major countries
Table 12: Revenues generated with silicones in North America from 2008 to 2024 – split by product groups
Table 13: Most important manufacturers of silicones headquartered in North America
Table 14: Demand for silicones in South America from 2008 to 2024 – split by major countries
Table 15: Revenues generated with silicones in South America from 2008 to 2024 – split by products
Table 16: Demand for silicones in Asia-Pacific from 2008 to 2024 – split by major countries
Table 17: Revenues generated with silicones in Asia-Pacific from 2008 to 2024 – split by products
Table 18: Most important manufacturers of silicones headquartered in Asia-Pacific
Table 19: Revenues generated with silicones in the Middle East and Africa from 2008 to 2024 - split by product groups
Table 20: Revenues generated with silicones in Germany from 2008 to 2024 in million USD – split by applications
Table 21: Revenues generated with silicones in France from 2008 to 2024 in million USD – split by applications
Table 22: Revenues generated with silicones in the United Kingdom from 2008 to 2024 in million USD – split by applications
Table 23: Revenues generated with silicones in Italy from 2008 to 2024 in million USD – split by applications
Table 24: Revenues generated with silicones in Spain from 2008 to 2024 in million USD – split by applications
Table 25: Revenues generated with silicones in Other Western Europe from 2008 to 2024 in million USD – split by applications
Table 26: Revenues generated with silicones in Russia from 2008 to 2024 in million USD – split by applications
Table 27: Revenues generated with silicones in Turkey from 2008 to 2024 in million USD – split by applications
Table 28: Revenues generated with silicones in Other Eastern Europe from 2008 to 2024 in million USD – split by applications
Table 29: Revenues generated with silicones in Canada / Mexico from 2008 to 2024 in million USD – split by applications
Table 30: Revenues generated with silicones in the USA from 2008 to 2024 in million USD – split by applications
Table 31: Revenues generated with silicones in Brazil from 2008 to 2024 in million USD – split by applications
Table 32: Revenues generated with silicones in Other South America from 2008 to 2024 in million USD – split by applications
Table 33: Revenues generated with silicones in China from 2008 to 2024 in million USD – split by applications
Table 34: Revenues generated with silicones in India from 2008 to 2024 in million USD – split by applications
Table 35: Revenues generated with silicones in Japan from 2008 to 2024 in million USD – split by applications
Table 36: Revenues generated with silicones in South Korea from 2008 to 2024 in million USD – split by applications
Table 37: Revenues generated with silicones in Other Asia-Pacific from 2008 to 2024 in million USD – split by applications
Table 38: Global demand for silicones from 2008 to 2024 – split by applications
Table 39: Global demand for silicones in construction from 2008 to 2024 – split by regions
Table 40: Global demand for silicones in electrical and electronics from 2008 to 2024 – split by regions
Table 41: Global demand for silicones in automotive from 2008 to 2024 – split by regions
Table 42: Global revenues generated with silicones in health care and cosmetics from 2008 to 2024 - split by regions
Table 43: Global demand for silicones in other applications from 2008 to 2024 – split by regions
Table 44: Demand for silicones in Western Europe from 2008 to 2024 – split by applications
Table 45: Revenues generated with silicones in construction in Western Europe from 2008 to 2024 – split by major countries
Table 46: Revenues generated with silicones in electrical and electronics in Western Europe from 2008 to 2024 – split by major countries
Table 47: Revenues generated with silicones in automotive in Western Europe from 2008 to 2024 – split by major countries
Table 48: Revenues generated with silicones in health care and cosmetics in Western Europe from 2008 to 2024 – split by major countries
Table 49: Revenues generated with silicones in other applications in Western Europe from 2008 to 2024 – split by major countries
Table 50: Demand for silicones in Eastern Europe from 2008 to 2024 - split by applications
Table 51: Revenues generated with silicones in construction in Eastern Europe from 2008 to 2024 – split by major countries
Table 52: Revenues generated with silicones in electrical and electronics in Eastern Europe from 2008 to 2024 – split by major countries
Table 53: Revenues generated with silicones in automotive in Eastern Europe from 2008 to 2024 – split by major countries
Table 54: Revenues generated with silicones in health care and cosmetics in Eastern Europe from 2008 to 2024 – split by major countries
Table 55: Revenues generated with silicones in other applications in Eastern Europe from 2008 to 2024 – split by major countries
Table 56: Demand for silicones in North America from 2008 to 2024 – split by applications
Table 57: Revenues generated with silicones in construction in North America from 2008 to 2024 – split by major countries
Table 58: Revenues generated with silicones in electrical and electronics in North America from 2008 to 2024 – split by major countries
Table 59: Revenues generated with silicones in automotive in North America from 2008 to 2024 – split by major countries
Table 60: Revenues generated with silicones in health care and cosmetics in North America from 2008 to 2024 – split by major countries
Table 61: Revenues generated with silicones in other applications in North America from 2008 to 2024 – split by major countries
Table 62: Demand for silicones in South America from 2008 to 2024 – split by applications
Table 63: Revenues generated with silicones in construction in South America from 2008 to 2024 – split by major countries
Table 64: Revenues generated with silicones in electrical and electronics in South America from 2008 to 2024 – split by major countries
Table 65: Revenues generated with silicones in automotive in South America from 2008 to 2024 – split by major countries
Table 66: Revenues generated with silicones in health care and cosmetics in South America from 2008 to 2024 – split by major countries
Table 67: Revenues generated with silicones in other applications in South America from 2008 to 2024 – split by major countries
Table 68: Demand for silicones in Asia-Pacific from 2008 to 2024 – split by applications
Table 69: Demand for silicones in construction in Asia-Pacific from 2008 to 2024 – split by major countries
Table 70: Revenues generated with silicones in electrical and electronics in Asia-Pacific from 2008 to 2024 – split by major countries
Table 71: Revenues generated with silicones in automotive in Asia-Pacific from 2008 to 2024 – split by major countries
Table 72: Revenues generated with silicones in health care and cosmetics in Asia-Pacific from 2008 to 2024 – split by major countries
Table 73: Revenues generated with silicones in other applications in Asia-Pacific from 2008 to 2024 – split by major countries
Table 74: Demand for silicones in the Middle East from 2008 to 2024 – split by applications
Table 75: Demand for silicones in Africa from 2008 to 2024 – split by applications