Canada Silicone Market Size & Outlook, 2022-2030
Canada silicone market, 2019-2030 (US$Ms)
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Canada silicone market highlights
- The Canada silicone market generated a revenue of USD 166.4 millions in 2022 and is expected to reach USD 242.7 millions by 2030.
- The Canada market is expected to grow at a CAGR of 4.8% 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.
Silicone market data book summary
| Market revenue in 2022 | USD 166.4 millions |
| Market revenue in 2030 | USD 242.7 millions |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Fluids |
| 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, Canada accounted for 0.8% of the global silicone market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. silicone market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,017.2 millions by 2030.
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Silicone Market Scope
Silicone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 43.21% in 2022. Horizon Databook has segmented the Canada silicone market based on fluids, gels, resins, elastomers covering the revenue growth of each sub-segment from 2019 to 2030.
Significant investments in clean technology and innovation, rising base metal exploration activities, and growing personal care market are fueling the demand for silicones in the country. The government of Canada has aimed at achieving a 30% reduction in greenhouse gas (GHG) emissions by 2030 as compared to GHG emissions in 2005.
The government is working with provincial and territorial authorities to develop a solid structure for battling climate change and has made a significant investment in clean technology. Under the clean technology initiative, the government plans to increase the deployment of electric vehicles to reduce pollution caused by transportation vehicles.
Moreover, under the Green Infrastructure programs, the government has announced its plan to invest around USD 481 million for deployment projects across four streams: renewables, electric vehicle infrastructure, smart grids, and reduction of diesel use in rural and remote communities.
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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 country-level data and insights on the Canada silicone market , including forecasts for subscribers. This country databook contains high-level insights into Canada silicone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada silicone market size, by product, 2019-2030 (US$Ms)
Canada Silicone Market Outlook Share, 2022 & 2030 (US$Ms)
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