Brazil Silicone Market Size & Outlook, 2022-2030
Brazil silicone market, 2019-2030 (US$Ms)
Related Markets
Brazil silicone market highlights
- The Brazil silicone market generated a revenue of USD 563.4 millions in 2022 and is expected to reach USD 934.9 millions by 2030.
- The Brazil market is expected to grow at a CAGR of 6.5% from 2023 to 2030.
- In terms of segment, elastomers was the largest revenue generating product in 2022.
- Elastomers is the most lucrative product segment registering the fastest growth during the forecast period.
Silicone market data book summary
| Market revenue in 2022 | USD 563.4 millions |
| Market revenue in 2030 | USD 934.9 millions |
| Growth rate | 6.5% (CAGR from 2022 to 2030) |
| Largest segment | Elastomers |
| Fastest growing segment | Elastomers |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 2.8% of the global silicone market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil silicone market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 934.9 millions by 2030.
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Silicone Market Scope
Silicone Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 45.19% in 2022. Horizon Databook has segmented the Brazil silicone market based on fluids, gels, resins, elastomers covering the revenue growth of each sub-segment from 2019 to 2030.
The Brazil silicone market is primarily driven by the growing demand from end-use segments such as construction and industrial processes for various applications as sealants, rubber, polymers, and lubricants. The expanding automotive industry and growing demand for electric vehicles is further boosting the growth of silicone market.
Transportation is one of the major sectors contributing to the growth of greenhouse gas emissions (GHG) in Brazil. The adoption of electric vehicles to lower GHG emissions in the country is found to be a viable alternative and is likely to aid in improving air quality.
To support these objectives, the government is promoting the production of zero-emission vehicles and offering several tax rebates such as exemption from industrialized products tax and import tax on the procurement of components for electric vehicles. These initiatives are expected to lower the cost of electric vehicles and boost production in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil silicone market , including forecasts for subscribers. This country databook contains high-level insights into Brazil silicone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil silicone market size, by product, 2019-2030 (US$Ms)
Brazil Silicone Market Outlook Share, 2022 & 2030 (US$Ms)
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