Specialty Silicones Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Product Type (Antifoam/Defoaming Agents, Silicone Elastomers, Silicone Greases, Silicone Surfactants, Silicone Polish/Shining Agent, Silicone Textile Softeners, Silicone Water Repellants, Thin Silicone Membranes, and Custom Silicone Compounds), End-user Industry (Textiles, Healthcare, Electronics, Agriculture, Construction, Beauty and Personal Care, Chemical Manufacturing, Automotive, Food Processing, Energy, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

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Speciality Silicones Market Size

speciality silicones market size
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 7 %

Major Players

speciality silicones market major players

*Disclaimer: Major Players sorted in no particular order
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Speciality Silicones Market Analysis

The market for specialty silicones is expected to expand at a CAGR of more than 7% during the forecast period. Increasing demand from and usage in the construction sector is one of the major factors driving the market studied.

  • Specialty silicones are harmful to the human skin, this is likely to hinder the growth of the market studied.
  • Shifting focus on usage in aerospace and defense applications is expected to act as an opportunity in the future.

Speciality Silicones Industry Segmentation

The specialty silicones market report includes:

By Product Type
Antifoam/Defoaming Agents
Silicone Elastomers
Silicone Greases
Silicone Surfactants
Silicone Polish/Shining Agent
Silicone Textile Softeners
Silicone Water Repellants
Thin Silicone Membranes
Custom Silicone Compounds
By End-User Industry
Textiles
Healthcare
Electronics
Agriculture
Construction
Beauty and Personal Care
Chemical Manufacturing (Resins and Coatings)
Automotive
Food Processing Industries
Energy
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Speciality Silicones Market Trends

This section covers the major market trends shaping the Speciality Silicones Market according to our research experts:

Increasing Demand from the Healthcare Industry

  • Specialty silicones are widely adopted in healthcare. Some of the medical equipment that is made from silicone include feeding tubes, drains, catheters, condoms, respiratory masks, non-stick containers, menstrual cups, syringe pistons, breast implants, pectoral implants, testicular implants, seals and gaskets in healthcare equipment, scar treatment silicone sheets, gels, and dental materials.
  • Specialty silicones are extensively tested for bio-compatibility. Silicone fluids and silicone elastomers are widely used product groups in healthcare.
  • Some of the administrative authorities that regulate the usage of silicones in healthcare are Center for Devices and Radiological Health (CDRH), Center for Food Safety and Nutrition (CFSAN) and Center for Drug Evaluation and Research (CDER).
  • CFSAN and CDER are majorly involved in dental regulation as the dental materials come into contact with food.
  • Specialty silicones used in healthcare are classified into non-implantable, short term implantable and long term implantable.
  • Therefore, such demand in the healthcare industry is expected to increase the demand for the specialty silicone in the estimated period.
speciality silicones market share

India is Expected to Expand with Lucrative Rate in Asia-Pacific

  • India has a growing economy with continuous growth during the forecast period and has huge potential market opportunities.
  • Despite an unfavorable global economic issue, the robust urban consumption and the increase in public investment have guided growth in the Indian economy.
  • The industrial production and manufacturing sector has seen increased growth, which has driven forward the market for specialty silicones. After China, India is the third-largest end-user for the specialty silicones market in APAC.
  • The specialty silicones market in India has great potential in the near future and the usage in different applications like automotive, health care, beauty & personal care, textiles, construction and so on, has increased; this is expected to drive the market for specialty silicones.
  • Since in India there is tremendous growth in Income levels as well as household consumption, these industries are expected to have continued growth in the coming years.
speciality silicones market growth rate

Speciality Silicones Industry Overview

The specialty silicones market is consolidated, with the top five players accounting for around 80% of the market. The major companies include Dow, Momentive, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd, and Elkem ASA , among others.

Speciality Silicones Market Leaders

  1. Dow

  2. Momentive

  3. Wacker Chemie AG

  4. Shin-Etsu Chemical Co. Ltd

  5. Elkem ASA

*Disclaimer: Major Players sorted in no particular order

Dow, Momentive, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd, Elkem ASA.

Speciality Silicones Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand for High-performance Skin Whitening Products

      2. 4.1.2 Increasing Demand from the Construction Sector

    2. 4.2 Restraints

      1. 4.2.1 Harmful for the Human Skin

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Antifoam/Defoaming Agents

      2. 5.1.2 Silicone Elastomers

      3. 5.1.3 Silicone Greases

      4. 5.1.4 Silicone Surfactants

      5. 5.1.5 Silicone Polish/Shining Agent

      6. 5.1.6 Silicone Textile Softeners

      7. 5.1.7 Silicone Water Repellants

      8. 5.1.8 Thin Silicone Membranes

      9. 5.1.9 Custom Silicone Compounds

    2. 5.2 By End-User Industry

      1. 5.2.1 Textiles

      2. 5.2.2 Healthcare

      3. 5.2.3 Electronics

      4. 5.2.4 Agriculture

      5. 5.2.5 Construction

      6. 5.2.6 Beauty and Personal Care

      7. 5.2.7 Chemical Manufacturing (Resins and Coatings)

      8. 5.2.8 Automotive

      9. 5.2.9 Food Processing Industries

      10. 5.2.10 Energy

      11. 5.2.11 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AB Specialty Silicones

      2. 6.4.2 Bellofram Group of Companies

      3. 6.4.3 Chemsil Silicones Inc.

      4. 6.4.4 CHT Germany GmbH

      5. 6.4.5 Dow

      6. 6.4.6 Elkay Chemicals Pvt Ltd

      7. 6.4.7 Elkem ASA

      8. 6.4.8 Evonik Industries AG

      9. 6.4.9 Innospec

      10. 6.4.10 K. K. Chempro India Private Limited

      11. 6.4.11 KCC Corporation

      12. 6.4.12 MESGO SpA

      13. 6.4.13 Milliken & Company

      14. 6.4.14 Momentive

      15. 6.4.15 NUSIL

      16. 6.4.16 Reiss Manufacturing Inc.

      17. 6.4.17 Shin-Etsu Chemical Co. Ltd

      18. 6.4.18 Siltech Corporation

      19. 6.4.19 Specialty Silicone Products Inc.

      20. 6.4.20 Supreme Silicones

      21. 6.4.21 The Lubrizol Corporation

      22. 6.4.22 Wacker Chemie AG

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Shifting Focus Toward Usage in Aerospace and Defense Applications

**Subject to Availability
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Speciality Silicones Market Research FAQs

The Specialty Silicones Market is studied from 2018 - 2028.

The Specialty Silicones Market is growing at a CAGR of >7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

Dow, Momentive, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd, Elkem ASA are the major companies operating in Specialty Silicones Market.

Specialty Silicones Industry Report

Statistics for the 2023 Specialty Silicones market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Specialty Silicones analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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