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| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 21.3 Billion | 5.2% | Asia-Pacific |
| By Type | By Application | By End-Use Industry | By Region |
|---|---|---|---|
|
|
|
|
SCOPE OF THE REPORT
Silicone Resin Market Overview
The silicone resin market is expected to grow at 5.2% CAGR from 2023 to 2029. It is expected to reach above USD 21.3 Billion by 2029 from USD 13.5 Billion in 2022.
Silicone resins is a type of silicone material which is formed by branched, cage-like oligosiloxanes with the general formula of RnSiXmOy, where R is a non-reactive substituent, usually Methyl (Me) or Phenyl (Ph), and X is a functional group Hydrogen (H), Hydroxyl group (OH), Chlorine (Cl) or Alkoxy group (OR).
Silicone resins are relatively low molecular weight polymers with a three-dimensional branched-chain structure. With excellent thermal stability their many properties make them suited for use as binders in paints, varnishes and impregnating products. Silicone resins is use for making paints and coatings and in electrical and many other applications, where they help to improve durability, safety and reliability.
The demand for silicone is expected to increase across a number of end-user industries, including consumer products, construction, personal care, and industrial processes. The demand for silicone in the end-user sectors is expected to be driven by qualities including chemical stability, adaptability, and high temperature resistance. The demand for silicone is also anticipated to increase throughout the forecast period as more silicone-based goods are used in emerging markets including electronics, renewable energy, and electric cars. Variations in silicone prices are anticipated in various end-use industries due to the rising demand for specialised products across all end-use industries and the growing involvement of government regulatory bodies across the value chain, such as raw materials, manufacturing processes, and distribution of different grades of silicone products to their end-use applications.
| ATTRIBUTE | DETAILS |
| Study period | 2023-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD MILLION), (KILOTON) |
| Segmentation | By Type, By Application, By End-Use Industry and By Region |
| By Type |
|
| By Application |
|
| By End-Use Industry |
|
| By Region |
|
Over the forecast period, research and development activities to create new and innovative products are predicted to expand along with the need for lightweight automotive components. Progressively more lightweight materials are being employed to make lighter cars, which reduces total fuel consumption. It is expected that silicone fluids’ high thermal stability would boost industrial expansion in the next years. The demand for silicone is anticipated to increase due to the increasing use of silicone in airbags, labels, leather packaging, textiles, and other products. Silicone is utilised as a solvent, adhesive, wetting agent, and anti-foaming agent in the applications especially. Silicones are used extensively during the production of fabrics, including the creation of yarns and on the completed product, in the textiles sector. Silicones give yarn or fabric lubrication, control over foam, and softening. Additionally, they are used to completed goods as hydrophobic coatings.
The demand for green sealants or those with low VOCs is rising as green or environmentally friendly products are becoming more popular in a variety of applications. Manufacturers are now required to produce environmentally friendly sealants with low VOC emission due to strict regulations implemented by the US Environmental Protection Agency (EPA), Europe’s Registration, Evaluation, Authentication and Restriction of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory authorities. The sector offers a substantial possibility for growth as a result of the transition to a more sustainable product line. Green and more sustainable sealant solutions have a lot of room to expand because there is a rising tendency in the construction industry to utilise eco-friendly or green structures. Construction sealants produced by businesses like Bostik, Sika, and The Dow Chemical Company are more environmentally friendly than those made by competitors that use more solvents. These environmentally friendly sealant options are created using components that are biodegradable, recyclable, remanufactured, or renewable and also improve indoor air quality.
Silicone Resin Market Segment Analysis
The Silicone resin Market is segmented based on Type, Application, End-use Industry. By type the market is bifurcated into Methyl, Methyl Phenyl, By Application the market is bifurcated into Paints & Coating, Adhesives & Sealants, Elastomers and By End Use Industry the market is bifurcated into Automotive & Transpiration, Building & Construction, Electrical & Electronics, Healthcare, Industrial.
On the basis of type the properties of silicone resin are also affected by methyl and phenyl groups, two of the most prevalent kinds of non-reactive groups present in the siloxane chain. While phenyl groups offer flexibility at high temperatures, heat and weathering resistance, particularly to UV radiation, and compatibility with organic molecules, methyl groups offer releasing properties, improved surface hardness, and water repellency. Silicone resins are used in a range of sectors, including electrical and electronics, paints & coatings, and adhesives. They are available in liquid and powdered form. Due to rising demand from the construction and automotive sectors, the methyl silicone resins category had the largest share, or 42.4%. Methylphenyl silicone resins are the fastest-growing market, with a 4.9% CAGR over the anticipated period. This is due to the fact that they are employed in the adhesive and sealant industries and offer strong adhesion and great flexibility.
On the basis of end use industry in 2020, the industrial process sector, which had the highest revenue share of more than 25.0%, will lead the silicone market. Over the forecast period, silicone demand is expected to increase due to the rising demand for silicone as lubricants in offshore drilling, industrial coatings (paint additives), and antifoaming. By giving various components in paints and coatings increased durability, resistance to chemicals, corrosion, and heat resistance, silicone improves performance while lowering maintenance costs or unplanned repair for industrial infrastructure and machinery. The electrical and electronics sector held the largest share, or 42.4%, as a result of rising demand for silicone resins due to their superior insulating qualities. With a CAGR of about 5.5% over the anticipated term, the automotive category is the one that is developing the fastest Industry in the market. This is a result of the automobile industry’s rising desire for lightweight materials.
The second largest application category, construction, is anticipated to grow at a CAGR of 4.0% from 2021 to 2028. Due to its excellent strength and moisture resistance, silicones are widely employed in the building and construction sector. Constructions for both domestic and commercial usage, including those made of glass, concrete, marble, aluminium, steel, and polymers, employ silicones. Globally, there is a growing demand for infrastructure development and construction as a result of increasing population, urbanization, and industrial expansion. China, for instance, intended to invest over USD 142.0 MILLION on 26 infrastructure projects in 2019. Over the anticipated timeframe, such factors are expected to significantly increase demand for silicones in construction-related end-use industry.
Silicone Resin Market Key Players
The silicone resin market key players include Mattel (US), Hasbro (US), LEGO (Denmark), Sony (Japan), VTech (Hong Kong), UBTECH (China), DJI (China), iRobot (US), Sphero (US), Digital Dream Labs (US), Pillar Learning (US).
Who Should Buy? Or Key Stakeholders
- Automobile Industry
- Construction Industry
- Electrical Industry
- Paints & Coating Industry
- Research Organizations
- Others
Silicone Resin Market Regional Analysis
The Silicone resin Market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
In 2021, Asia-Pacific accounted for 45.0% of the market share, and during the forecast period, it is expected to expand at a CAGR of 5.6%. due to rising demand from the building and construction and automotive industries.
The region’s significant market share can be due to the existence of several large-, medium-, and small-sized market participants there. Due to the greater availability of raw materials, cheaper labour, and more market penetration opportunities in end-use industries like transportation, construction, industrial process, personal care and consumer products, electronics, healthcare, and energy, market players are expected to relocate their production facilities from Europe and North America to Asia over the course of the forecast period.
Europe was the second-largest market in 2020, and from 2021 to 2028, it is expected to expand at a revenue-based CAGR of 3.4%. Over the projected period, it is anticipated that the expanding construction industry in several nations, including the U.K., Germany, Spain, France, and Russia, would boost product demand. The expansion of the construction industry in the region is anticipated to be boosted by increased funding from the EU along with the supporting actions (such as tax cuts, incentives, and subsidies) implemented by numerous governments. Additionally, the expanding use of silicone in the healthcare industry for cosmetic implants and in the field of renewable energy for solar and wind turbine applications is anticipated to fuel market expansion throughout the course of the projected year.
The usage of silicone has reduced as a result of the lockdown implemented by several countries across the world to stop the spread of COVID-19. Due to the numerous government-imposed limitations on mobility and business operations, end-use industries including the automobile and construction sectors are seeing a severe fall in demand and production. However, production is anticipated to continue and silicone demand to increase once again due because of how simple the lockout was to implement.
Key Market Segments: Silicone Resin Market
Silicone Resin Market by Type, 2023-2029, (USD Million), (Kiloton)
- Methyl Silicon Resin
- Methyl Phenyl Silicone Resin
Silicone Resin Market by Application, 2023-2029, (USD Million), (Kiloton)
- Paint & Coatings
- Adhesives & Sealants
- Elastomers
Silicone Resin Market by End-Use Industry, 2023-2029, (USD Million), (Kiloton)
- Automotive & Transportation
- Building & Construction
- Electrical & Electronics
- Healthcare
- Industrial
Silicone Resin Market by Region, 2023-2029, (USD Million), (Kiloton)
- North America
- Asia Pacific
- Europe
- South America
- Middle East Asia & Africa
Important Countries in All Regions Are Covered.
Key Question Answered
- What is the current size of the silicone resin market?
- What are the key factors influencing the growth of silicone resin market?
- What is the Main Driver of the Silicone Resin Market?
- Who are the major key players in the silicone resin market?
- Which region will provide more business opportunities silicone resin market in future?
- Which segment holds the maximum share of the silicone resin market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global Silicone Resin Market Outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 On Silicone Resin Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global Silicone Resin Market Outlook
- Global Silicone Resin Market by Type, 2020-2029, (USD MILLIONS), (KILOTON)
- Methyl Silicon Resin
- Methyl Phenyl Silicone Resin
- Global Silicone Resin Market by Application, 2020-2029, (USD MILLION), (KILOTON)
- Paint & Coatings
- Adhesives & Sealants
- Elastomers
- Global Silicone Resin Market by End Use Industry, 2022-2029, (USD MILLION), (KILOTON)
- Automotive & Transportation
- Building & Construction
- Electrical & Electronics
- Healthcare
- Industrial
- Global Silicone Resin Market by Region, 2020-2029, (USD MILLION), (KILOTON)
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles* (Business Overview, Company Snapshot, Products Offered, Recent Developments)
- BRB International
- Dow Inc
- Elkay Chemicals Private Limited
- Elkem ASA
- EVONIK INDUSTRIES AG
- Genesee Polymers Corporation
- Kaneka Corporation
- Momentive
- Primasil
- Savitri Chemicals *The Company List Is Indicative
LIST OF TABLES
TABLE 1 Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKET BY TYPE (USD MILLIONS)2020-2029
TABLE 2 Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 3 Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 4 Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 5 Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 6 Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 7 Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKET BY REGION (USD MILLIONS) 2020-2029
TABLE 8 Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKET BY REGION (KILOTONS) 2020-2029
TABLE 9 Â Â Â Â Â Â Â Â Â Â Â Â Â Â US SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â US SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â US SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â US SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â UK SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â UK SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â UK SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â UK SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â UK SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â UK SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â FRANCE SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â FRANCE SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â FRANCE SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â FRANCE SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â FRANCE SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â FRANCE SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â ITALY SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â ITALY SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â ITALY SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â ITALY SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â ITALY SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â ITALY SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â SPAIN SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â SPAIN SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â SPAIN SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â SPAIN SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â SPAIN SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â SPAIN SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â RUSSIA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â RUSSIA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â RUSSIA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â RUSSIA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â RUSSIA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â RUSSIA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â UAE SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â UAE SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 137Â Â Â Â Â Â Â Â Â Â Â UAE SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 138Â Â Â Â Â Â Â Â Â Â Â UAE SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 139Â Â Â Â Â Â Â Â Â Â Â UAE SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 140Â Â Â Â Â Â Â Â Â Â Â UAE SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 141Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 142Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 143Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 144Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 145Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 146Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 147Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 148Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 149Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 150Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 151Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 152Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
TABLE 153Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SILICONE RESIN MARKET BY TYPE (USD MILLIONS) 2020-2029
TABLE 154Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SILICONE RESIN MARKET BY TYPE (KILOTONS) 2020-2029
TABLE 155Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SILICONE RESIN MARKET BY APPLICATION (USD MILLIONS) 2020-2029
TABLE 156Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SILICONE RESIN MARKET BY APPLICATION (KILOTONS) 2020-2029
TABLE 157Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SILICONE RESIN MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 158Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SILICONE RESIN MARKET BY END USER (KILOTONS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKET BY TYPE, USD MILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKET BY AGE GROUP, USD MILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKET BY END USE, USD MILLION, 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKETBY REGION, USD MILLION, 2020-2029
FIGURE 12          PORTER’S FIVE FORCES MODEL
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL SILICONE RESIN MARKETBY REGION 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 15Â Â Â Â Â Â Â Â Â Â BRB INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 16Â Â Â Â Â Â Â Â Â Â DOW INC: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â ELKAY CHEMICALS PRIVATE LIMITED: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â ELKEM ASA: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â Genesee Polymers Corporation: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â KANEKA CORPORATION: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â MOMENTIVE: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â PRIMASIL: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â SAVITRI CHEMICALS: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â SHIN-ETSU CHEMICAL CO., LTD: COMPANY SNAPSHOT
FAQ
The silicone Resin market is expected to grow at 5.2 % CAGR from 2022 to 2029. It is expected to reach above USD 21.3 Billion by 2029 from USD 13.5 Billion in 2020.
The Asia Pacific silicones market is expected to reach a volume of about 2.2 million metric tons by 2026, registering a CAGR of nearly 4.8% during the forecast period.
Due to their capacity to resist heat, silicone resins are in high demand for a variety of end-use applications. As a component of coatings for building materials, ceramics, and construction elements, they are being utilised more frequently in the building and construction sector. The silicone resins employed as binders in intumescent paints provide enough protection to steel and aluminium structures in the event of a building fire for a specific period of time, facilitating the safe evacuation of individuals from the building. During a fire, the intumescent paints create a sintered layer that shields the steel structure from extreme heat.
The industrial process segment led the global silicone market and accounted for the largest revenue share of more than 25.0% in 2020.
The largest regional market for silicone resin market will be Asia Pacific during the forecasted time period.
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