Silicone Solutions For Leather & Textiles Market To Reach $1.02 Billion By 2030

Silicone Solutions For Leather & Textiles Market Growth & Trends

The global silicone solutions for leather & textiles market size is expected to reach USD 1.02 billion by 2030, registering a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for transparent silicone coatings in fabric manufacturing, owing to their superior properties such as improved durability as well as water, dirt, & temperature resistance is the key factor for industry growth.

Continuous fragmentation and growing competition among retailers are the key factors anticipated to propel the consumption of leather over the next few years. Increasing demand for leather in footwear, wallets, luggage, jackets, and belts is anticipated to spur the market demand for silicone-based chemicals in the industry.

Furthermore, silicone is used in various applications including soles, laces, and 3D printing in footwear industry. With respect to this, increasing efforts by manufacturers such as Kenneth Cole, Alberto Torresi, Blackberrys, and Louis Philippe in developing innovative and unique footwear designs are projected to boost the growth of footwear segment in leather industry. This, in turn, is likely to drive the silicone market in the leather industry.

Over the past few years, the manufacturing industry has been increasing expenditure for the incorporation of good quality safety equipment in shop floors, and utility operating places. Furthermore, product innovation by companies including 3M and DuPont for the enhancement of advanced protective clothing catering to the manufacturing sector is expected to play a crucial role in increasing demand for silicone in textile industry in the near future.

Continuing further, technological innovation in terms of the emergence of smart textile products in the electronics-manufacturing sector as a result of the capability to implement distinguished technologically advanced operations including reacting and sensing to the surrounding is likely to remain as a major factor positively influencing market growth over the next eight years.

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Silicone Solutions For Leather & Textiles Market Report Highlights

• The leather segment is expected to grow at a significant CAGR of 6.3% over the forecast years.

• The textile segment dominated the market and accounted for the largest revenue share of 31.2% in 2023. The increasing interest in sports and outdoor pursuits has fueled the need for fabrics such as textiles that provide air permeability, moisture control, and strength.

• The silicone resin segment dominated the market and accounted for the largest revenue share of 31.2% in 2023 owing to the unique properties offered by silicone resin such as water repellency, durability, and softness.

• The silane coupling agent segment is expected to grow at the fastest CAGR of 7.2% over the forecast years.

• The Asia Pacific silicone solutions for leather & textiles market dominated the global market with a share of 63.0% in 2023 due to the growing textile and apparel industry in the region.

Silicone Solutions For Leather & Textiles Market Segmentation

Grand View Research has segmented the global silicone solutions for leather & textiles market on the basis of on product, application and region:

Silicone Solutions For Leather & Textiles Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Silicone Resin

• Silicone Fluid

• Silane Coupling Agent

• Silicone Elastomer

• Other

Silicone Solutions For Leather & Textiles Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Textile

• Leather

Silicone Solutions For Leather & Textiles Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Indonesia

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Silicone Solutions For Leather & Textiles Market

• Dow

• Wacker Chemie AG

• Elkem ASA

• Shin-Etsu Chemical Co., Ltd.

• Momentive Performance Materials

• Evonik Industries AG

• KCC Corporation

• BASF

• Huntsman International LLC.

• Gelest, Inc.

• Siltech Corporation

• Supreme Silicones India Pvt Ltd.

• Avantor, Inc. (NuSil Technology LLC)