PUBLISHER: BCC Research | PRODUCT CODE: 1532347
PUBLISHER: BCC Research | PRODUCT CODE: 1532347
The global market for silicones is expected to grow from $17.4 billion in 2024 and is projected to reach $23.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.0% during the forecast period of 2024 to 2029.
The Asia-Pacific market for silicones is expected to grow from $7.8 billion in 2024 and is projected to reach $10.7 billion by the end of 2029, at a CAGR of 6.5% during the forecast period of 2024 to 2029.
The European market for silicones is expected to grow from $5.0 billion in 2024 and is projected to reach $6.4 billion by the end of 2029, at a CAGR of 5.2% during the forecast period of 2024 to 2029.
This report primarily focuses on silicone and its industrial applications in transportation, construction, personal care, energy, healthcare, electronics and others sectors. This report covers some of the parameters of silicone examined by industries and regulatory bodies due to their growing advances and expansions in the numerous industrial sectors. BCC Research analyzed essential categories and regions to determine the present and future silicone market status and forecasted market growth from 2024 to 2029. This report also discusses market strategies, market ESG development, regulatory landscape, key players in countries and market driving forces. It segments the market by region: Asia-Pacific, Europe, North America and the Rest of the World (RoW).
The global silicone market is segmented into -
Product form: Silicone elastomers, silicone fluids, silicone resins, silicone gels and others.
End use: Industrial processes, construction, personal care and consumer goods, transportation, energy, healthcare, electronics and others.
The market estimations and size are provided in terms of value ($ Millions) and volume (kilotons), with 2023 serving as the base year and market forecasts given for the period 2024 to 2029. Regional-level market sizes, with respect to product form and end users, are also provided.