Global Silicone Market Size & Outlook, 2022-2030
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 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.
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Global silicone market size, by regions, 2019-2030 (US$Ms)
Top 10 countries: Silicone market size, 2022 (US$Ms)
Global silicone market share, by product, 2022 & 2030 (%, US$Ms)
Silicone market: Opportunity assessment by country
Global silicone market, by region, 2022 (US$Ms)
| Product | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,743.3 | 3,415.7 | 4,016.8 | 4,288.1 | 4,566.9 | 4,852.7 | 5,145.0 | 5,443.2 | 5,746.8 | 6,071.9 | 6,376.8 | 6,694.6 | 5.7% |
| Europe | 4,516.8 | 4,105.2 | 4,808.6 | 5,113.0 | 5,423.8 | 5,740.5 | 6,062.2 | 6,388.2 | 6,717.8 | 7,068.0 | 7,392.0 | 7,727.5 | 5.3% |
| Asia Pacific | 7,548.9 | 6,967.2 | 8,287.1 | 8,948.0 | 9,638.9 | 10,359.4 | 11,109.1 | 11,887.7 | 12,694.4 | 13,380.2 | 14,296.1 | 15,157.1 | 6.8% |
| Latin America | 1,031.7 | 948.6 | 1,124.0 | 1,209.0 | 1,297.3 | 1,388.9 | 1,483.6 | 1,581.4 | 1,682.2 | 1,751.8 | 1,871.5 | 1,975.1 | 6.3% |
| MEA | 321.3 | 296.9 | 352.8 | 379.7 | 406.7 | 433.6 | 460.2 | 486.3 | 511.5 | 683.4 | 655.7 | 706.2 | 8.1% |
| Overall | 17,162.0 | 15,733.6 | 18,589.2 | 19,937.7 | 21,333.5 | 22,775.0 | 24,260.2 | 25,786.8 | 27,352.6 | 28,955.3 | 30,592.0 | 32,260.5 | 6.2% |
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