Asia Pacific Silicone Market Size & Outlook, 2022-2030
Asia Pacific silicone market, 2019-2030 (US$Ms)
Related Markets
Asia Pacific silicone market highlights
- The Asia Pacific silicone market generated a revenue of USD 8,948.0 millions in 2022.
- The market is expected to grow at a CAGR of 6.8% from 2023 to 2030.
- In terms of segment, fluids was the largest revenue generating product in 2022.
- Elastomers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 8,948.0 millions |
| Market revenue in 2030 | USD 15,157.1 millions |
| Growth rate | 6.8% (CAGR from 2022 to 2030) |
| Largest segment | Fluids |
| 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 |
| Key market players worldwide | Shin-Etsu Chemical Co Ltd, Wacker Chemie AG, Illinois Tool Works Inc, Evonik Industries AG, CK Hutchison Holdings Ltd, Kemira Oyj, Dow Inc, Elkem ASA Ordinary Shares |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 44.9% of the global silicone market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 706.2 millions by 2030.
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Silicone Market Scope
Silicone Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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.
Fluids was the largest segment with a revenue share of 41.05% in 2022. Horizon Databook has segmented the Asia Pacific silicone market based on fluids, gels, resins, elastomers covering the revenue growth of each sub-segment from 2019 to 2030.
Asia Pacific emerged as the largest silicone market in 2020 and is expected to grow at a significant growth rate over the forecast period. The large market share of the region is attributed to the presence of several large, medium, and small-sized market players in the region.
The shifting of production facilities by market players from Europe and North America to Asia, owing to the factors such as greater availability of raw materials, cheap labor, and more market penetration opportunities in end-use industries such as transportation, construction, industrial process, personal care, and consumer products, electronics, healthcare, and energy, is expected to propel the regional production of silicone over the forecast period.
The region is expected to grow at the fastest rate on account of acceleration in price growth. With China manufacturing more high-value goods, the production of lower-valued products would shift to India and Southeast Asian countries. Transportation, electronics, construction, and personal care are expected to be the primary markets for silicones.
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Our clientele includes a mix of silicone market companies, investment firms, advisory firms & academic institutions.
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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 continent-level data and insights on the Asia Pacific silicone market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific silicone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific silicone market size, by country, 2019-2030 (US$Ms)
Asia Pacific Silicone Market Outlook Share, 2022 & 2030 (US$Ms)
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