Global Silicone Market Size & Outlook
The silicone industry worldwide is expected to reach a projected revenue of US$ 32,260.5 millions by 2030. A compound annual growth rate of 6.2% is expected of the worldwide silicone industry from 2023 to 2030.
Revenue, 2022 (US$Ms)
$19,937.7
Forecast, 2030 (US$Ms)
$32,260.5
CAGR, 2023 - 2030
6.2%
Report Coverage
Worldwide
Global silicone market, 2019-2030 (US$Ms)
Related Markets
Global silicone market highlights
- The global silicone market generated a revenue of USD 19,937.7 millions in 2022 and is expected to reach USD 32,260.5 millions by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.2% by 2030.
- In terms of segment, elastomers accounted for a revenue of USD 8,326.9 millions in 2022.
- Elastomers is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 19,937.7 millions |
| Market revenue in 2030 | USD 32,260.5 millions |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Elastomers |
| Fastest growing segment | Elastomers |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD millions |
| Market segmentation | Fluids, Gels, Resins, Elastomers |
Other key industry trends
- In terms of revenue, the North America accounted for 21.5% of the global silicone market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 242.7 millions by 2030.
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Silicone Market Scope
Silicone market segmentation & scope
Straight Silicone Fluids
Modified Silicone Fluids
Gels
Resins
High Temperature Vulcanized
Liquid Silicone Rubber
Room Temperature Vulcanizaed (RTV)
Adhesives
Emulsions
Electronics
Transportation
Construction
Healthcare
Personal Care and Consumer goods
Energy
Industrial Processes
Others
Silicone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global silicone market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silicone market will help companies and investors design strategic landscapes.
elastomers was the largest segment with a revenue share of 41.76% in 2022. Horizon Databook has segmented the Global silicone market based on fluids, gels, resins, elastomers covering the revenue growth of each sub-segment from 2019 to 2030.
- Global Silicone Product Outlook (Revenue, USD Millions, 2019-2030)
- Fluids
- Straight Silicone Fluids
- Modified Silicone Fluids
- Gels
- Resins
- Elastomers
- High Temperature Vulcanized
- Liquid Silicone Rubber
- Room Temperature Vulcanizaed (RTV)
- Others
- Adhesives
- Emulsions
- Fluids
- Global Silicone End Use Outlook (Revenue, USD Millions, 2019-2030)
- Electronics
- Transportation
- Construction
- Healthcare
- Personal Care and Consumer goods
- Energy
- Industrial Processes
- Others
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Target buyers of Global silicone market databook
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Our clientele includes a mix of silicone market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global silicone market , including forecasts for subscribers. This global databook contains high-level insights into Global silicone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global silicone market statistics, by regions, 2019-2030 (US$Ms)
Top 10 countries: Silicone market size, 2022 (USD Millions)
Top 10 countries: Silicone market size, 2022 (USD Millions)
Global silicone market, by region, 2022 (US$Ms)
Related regional statistics
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