Japan Silicone Market Size & Outlook, 2022-2030
Japan silicone market, 2019-2030 (US$Ms)
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Japan silicone market highlights
- The Japan silicone market generated a revenue of USD 1,609.1 millions in 2022 and is expected to reach USD 2,607.1 millions by 2030.
- The Japan market is expected to grow at a CAGR of 6.2% 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 1,609.1 millions |
| Market revenue in 2030 | USD 2,607.1 millions |
| Growth rate | 6.2% (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, Japan accounted for 8.1% 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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Japan 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 42.97% in 2022. Horizon Databook has segmented the Japan silicone market based on fluids, gels, resins, elastomers covering the revenue growth of each sub-segment from 2019 to 2030.
Electronics is expected to be the fastest-growing end-use segment in Japan over the forecast period. Rising shift in preferences toward smart offices and smart homes environment coupled with the growing disposable income of consumers is majorly driving the growth of electronics industry.
In addition, the presence of major players, including Casio, Akai, Canon, Hitachi, Mitsubishi Electric, Citizen, Fujitsu, Kyocera, NEC, Nikon, Olympus, Panasonic, Pioneer, Seiko Group, Sharp Corporation, Sony, Toshiba, and Yamaha, are creating huge production based for electronic products in the country, thereby driving the demand for silicone material in electronics end use.
Moreover, the expanding energy sector, especially in renewable energy segment, is expected to propel the demand for silicone in various solar and wind power equipment. According to the Renewable Energy Institute, the Japanese government planned to supply 20-24% of the total power consumption from renewables by 2030.
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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 Japan silicone market , including forecasts for subscribers. This country databook contains high-level insights into Japan silicone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Japan silicone market size, by product, 2019-2030 (US$Ms)
Japan Silicone Market Outlook Share, 2022 & 2030 (US$Ms)
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