Download Free Sample
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Silicone Resins Market Size, Share, Growth, Trends, and Industry Analysis: By Type, By Application, and Region
Silicone Resins Market Size, Share, Growth, Trends, and Industry Analysis: By Type, By Application, and Region
Silicone Resins Market size was valued at US$ 4,289.3 million in 2023 and is poised to grow at a CAGR of 3.5% over 2024-2030. Silicone resins are a class of high-performance synthetic resins tpically formed by the hydrolysis and polycondensation of various silanes to create a highly crosslinked polymer network with repeating silicon-oxygen (Si-O) bonds. They are widely utilised in a variety of sectors because to their unique mix of qualities, which include high-temperature resistance, great electrical insulation, exceptional weatherability, and outstanding chemical resistance. Silicone resins' adaptability allows them to be modified to satisfy specific application needs, making them a favoured choice in many advanced and demanding applications.
Silicone resins, for example, are utilised in high-temperature coatings because they have great thermal stability and can endure intense heat, making them appropriate for use in aerospace, automotive, and industrial coating applications. The silicone resin market is primarily driven by the increasing construction activities, especially in emerging economies. Silicone resins are widely used in the construction industry for waterproofing, weatherproofing, and protective coating that provide durable and long-lasting protection to buildings and infrastructure. Silicone resins are used in the healthcare and personal care sectors for a variety of product categories including medical adhesives, wound dressings, and personal care items such as skincare and hair care products. The expansion of these sectors adds to the need for silicone resins.
Furthermore, the strong demand for high-performance coatings in a variety of end-use sectors presents prospective chances for the expansion of the silicone resin market. However, the high cost of raw ingredients and complex production methods contribute to silicone resins' higher price, which might limit their use, particularly in price-sensitive sectors. To meet the need for sustainable and high-performance silicone resin products in a variety of end-use sectors, key manufacturers are producing revolutionary silicone resin products. For instance, in April 2023, DuPont introduced a new low-cyclosiloxane silicone elastomer blends and silicone resin blends to address a range of troubling skin conditions.
Study Period
2024-2030Base Year
2023CAGR
3.5%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The increasing use in electronics and electrical applications is majorly driving the silicone resins market. Materials having superior electrical insulating qualities, thermal stability, and resistance to moisture and chemicals are required by the electronics and electrical sectors. Silicone resins meet these specifications, making them suitable for the production of adhesives, sealants, and encapsulants for electronic components, fueling their demand in this industry. Moreover, the increasing focus on renewable energy sources like solar power is driving the use of silicone resins in solar panel coatings, ensuring long-term protection against UV radiation and harsh weather conditions. which ultimately contribute to the growth of the market.
Silicone resins market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is the largest and fastest-growing region for silicone resins, driven by rapid industrialization and infrastructure development. The region's automotive and electronics industries are major consumers of silicone resins for coatings, adhesives, and sealants. China, Japan, India, South Korea, and Taiwan are the key contributors to the growth of the Asia Pacific market.
The European market is characterized by a high level of research and development activities to develop advanced silicone resins. Moreover, increasing focus on energy-efficient buildings and sustainable materials along with the supportive government policies, particularly in countries like Germany, France, and the UK, significantly drives the market.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 4,289.3 million |
|
Market CAGR |
3.5% |
|
By Type |
|
|
By Application |
|
Download Free Sample Report
Silicone resins market size was valued at US$ 4,289.3 Million in 2023 and is anticipated to grow at a CAGR of 3.5% over 2024-2030.
Emerging end-use industries and cross-industry collaborations and partnerships are some of the factors that create potential opportunities for the growth of the silicone resins market.
The improvement in coating technology and development of bio-based silicone resins are some of the major trends in the silicone resins market.
Bluestar Silicones, DuPont, BRB International BV, Evonik Tego Chemie, CSIRO, Kaneka Corporations, Polytek Development Corp., B9Creations, Specialty Resin & Chemical, Shin-etsu Chemical Co. Ltd., Momentive performance materials holdings Inc., The Dow Chemical Company, Mitsubishi corporation, Siltech Corportion, Wacker Chemie AG are a few companies operating in silicone resins market.
| 1.Executive Summary |
| 2.Global Silicone Resins Market Introduction |
| 2.1.Global Silicone Resins Market - Taxonomy |
| 2.2.Global Silicone Resins Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Silicone Resins Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Silicone Resins Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Silicone Resins Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Methyl Silicone Resins |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Methylphenyl Silicone Resins |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Silicone Resins Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Paints and Coatings |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Electronics/Electrical |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Adhesives and Sealants |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Construction |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Food Packaging |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. General Industrial |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Chemical |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Personal/Lifestyle |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. Textile |
| 6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 6.10. Transportation Machinery |
| 6.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.10.3. Market Opportunity Analysis |
| 6.11. Other Applications |
| 6.11.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.11.3. Market Opportunity Analysis |
| 7.Global Silicone Resins Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Silicone Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Methyl Silicone Resins |
| 8.1.2.Methylphenyl Silicone Resins |
| 8.1.3.Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Paints and Coatings |
| 8.2.2.Electronics/Electrical |
| 8.2.3.Adhesives and Sealants |
| 8.2.4.Construction |
| 8.2.5.Food Packaging |
| 8.2.6.General Industrial |
| 8.2.7.Chemical |
| 8.2.8.Personal/Lifestyle |
| 8.2.9.Textile |
| 8.2.10.Transportation Machinery |
| 8.2.11.Other Applications |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Silicone Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Methyl Silicone Resins |
| 9.1.2.Methylphenyl Silicone Resins |
| 9.1.3.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Paints and Coatings |
| 9.2.2.Electronics/Electrical |
| 9.2.3.Adhesives and Sealants |
| 9.2.4.Construction |
| 9.2.5.Food Packaging |
| 9.2.6.General Industrial |
| 9.2.7.Chemical |
| 9.2.8.Personal/Lifestyle |
| 9.2.9.Textile |
| 9.2.10.Transportation Machinery |
| 9.2.11.Other Applications |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Silicone Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Methyl Silicone Resins |
| 10.1.2.Methylphenyl Silicone Resins |
| 10.1.3.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Paints and Coatings |
| 10.2.2.Electronics/Electrical |
| 10.2.3.Adhesives and Sealants |
| 10.2.4.Construction |
| 10.2.5.Food Packaging |
| 10.2.6.General Industrial |
| 10.2.7.Chemical |
| 10.2.8.Personal/Lifestyle |
| 10.2.9.Textile |
| 10.2.10.Transportation Machinery |
| 10.2.11.Other Applications |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Silicone Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Methyl Silicone Resins |
| 11.1.2.Methylphenyl Silicone Resins |
| 11.1.3.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Paints and Coatings |
| 11.2.2.Electronics/Electrical |
| 11.2.3.Adhesives and Sealants |
| 11.2.4.Construction |
| 11.2.5.Food Packaging |
| 11.2.6.General Industrial |
| 11.2.7.Chemical |
| 11.2.8.Personal/Lifestyle |
| 11.2.9.Textile |
| 11.2.10.Transportation Machinery |
| 11.2.11.Other Applications |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Silicone Resins Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Methyl Silicone Resins |
| 12.1.2.Methylphenyl Silicone Resins |
| 12.1.3.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Paints and Coatings |
| 12.2.2.Electronics/Electrical |
| 12.2.3.Adhesives and Sealants |
| 12.2.4.Construction |
| 12.2.5.Food Packaging |
| 12.2.6.General Industrial |
| 12.2.7.Chemical |
| 12.2.8.Personal/Lifestyle |
| 12.2.9.Textile |
| 12.2.10.Transportation Machinery |
| 12.2.11.Other Applications |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Bluestar Silicones |
| 13.2.2.DuPont |
| 13.2.3.BRB International BV |
| 13.2.4.Evonik Tego Chemie |
| 13.2.5.CSIRO |
| 13.2.6.Kaneka Corporations |
| 13.2.7.Polytek Development Corp. |
| 13.2.8.B9Creations |
| 13.2.9.Specialty Resin & Chemical |
| 13.2.10.Shin-etsu Chemical Co. Ltd. |
| 13.2.11.Momentive performance materials holdings Inc. |
| 13.2.12.The Dow Chemical Company |
| 13.2.13.Mitsubishi corporation |
| 13.2.14.Siltech Corportion |
| 13.2.15.Wacker Chemie AG |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.