China Silicone Market Size & Outlook, 2022-2030
China silicone market, 2019-2030 (US$Ms)
Related Markets
China silicone market highlights
- The China silicone market generated a revenue of USD 4,563.4 millions in 2022 and is expected to reach USD 7,869.4 millions by 2030.
- The China market is expected to grow at a CAGR of 7% from 2023 to 2030.
- In terms of segment, elastomers was the largest revenue generating product in 2022.
- Gels is the most lucrative product segment registering the fastest growth during the forecast period.
Silicone market data book summary
| Market revenue in 2022 | USD 4,563.4 millions |
| Market revenue in 2030 | USD 7,869.4 millions |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Elastomers |
| Fastest growing segment | Gels |
| 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, China accounted for 22.9% of the global silicone market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China silicone market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,198.5 millions by 2030.
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Silicone Market Scope
Silicone Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 40.13% in 2022. Horizon Databook has segmented the China silicone market based on fluids, gels, resins, elastomers covering the revenue growth of each sub-segment from 2019 to 2030.
China dominated the both regional as well as global silicone market in terms of both volume and value in 2020 and is expected to hold its prominent position over the forecast period. The large market share of China is attributed to the huge domestic production of silicone to meet the growing demand from various end-use industries such as construction, automotive, electronics, and consumer products.
Over the last decade, China has been witnessing a sharp rise in the domestic production of silicone, which has significantly affected global markets. A greater portion of silicones manufactured in the country is used to meet the domestic demand that arises from various end-use industries.
In addition, silicone products are now increasingly being used in emerging industries such as new energy, nextgeneration information technology, environmental protection, energy conservation, defense & military, and high-end equipment manufacturing in the country.
Reasons to subscribe to China silicone market databook:
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Target buyers of China 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China silicone market , including forecasts for subscribers. This country databook contains high-level insights into China silicone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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China silicone market size, by product, 2019-2030 (US$Ms)
China Silicone Market Outlook Share, 2022 & 2030 (US$Ms)
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