Wilmington, Delaware, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Silane and Silicone Market by Type (Silanes and Silicones), and End-user (Building and Construction, Transportation, Electronics, Medical, Textile and Leather, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the silane and silicone market was valued at $20.4 billion in 2023, and is estimated to reach $35.9 billion by 2033, growing at a CAGR of 5.9% from 2024 to 2033.
Prime determinants of growth
The global silane and silicone market is experiencing growth due to growing demand from end-use industries and rising demand for personal care products. However, competition from alternative materials is expected to hinder the growth of the silane and silicone market. Moreover, advancements in electronics and semiconductor manufacturing are expected to offer remunerative opportunities for the expansion of the global silane and silicone market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2024–2033 |
| Base Year | 2023 |
| Market Size in 2023 | $20.4 billion |
| Market Size in 2033 | $35.9 billion |
| CAGR | 5.9% |
| No. of Pages in Report | 660 |
| Segments Covered | Type, End User, and Region |
| Region Covered | North America, Europe, Asia-Pacific, and LAMEA |
| Drivers |
|
| Opportunities | Advancements in Electronics and Semiconductor Manufacturing |
| Restraint | Competition from Alternative Materials |
The silicones segment is expected to remain the largest type throughout the forecast period
By type, the silicones segment dominates the silane and silicone market. This is due to their widespread applications across various industries, including automotive, construction, personal care, and electronics. Silicones are favored for their unique properties, such as flexibility, thermal stability, and water resistance, making them ideal for sealants, adhesives, coatings, and medical devices. The growing demand for high-performance materials that enhance product durability and performance further drives this segment's growth. As industries increasingly prioritize sustainable and innovative solutions, the versatility and functionality of silicones solidify their dominant position in the market.
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The building and construction segment is expected to remain the largest throughout the forecast period
By end user, the building and construction segment dominates the silane and silicone market. This is primarily due to its extensive applications in sealants, adhesives, coatings, and concrete treatments. Silanes and silicones enhance the durability and weather resistance of building materials, making them essential for modern construction projects. As the construction industry increasingly emphasizes energy efficiency and sustainable practices, the demand for these materials has surged. Additionally, innovations in formulation that improve performance and application properties further solidify the dominance of the building and construction segment within the silane and silicone market. This trend is expected to continue as infrastructure development expands globally.
Asia-Pacific to maintain its dominance by 2033
Region wise, Asia-Pacific is expected to maintain its dominance in the silanes and silicones market by 2033 due to rapid industrialization, increasing urbanization, and a growing population. Countries such as China and India are driving the demand across various sectors, including automotive, construction, and electronics. The region's focus on infrastructure development and the adoption of advanced technologies further bolsters market growth. Additionally, the rising demand for consumer goods and personal care products in emerging economies will contribute to the sustained dominance of the Asia-Pacific market, making it a key player in the global landscape.
Leading Market Players: -
- Gelest, Inc.
- Elkem ASA
- Dupont
- BASF SE
- Milliken & Co.
- CHT Group
- Evonik Industries AG
- Kaneka Corporation.
- Shin-Etsu Chemical Co., Ltd.
- Wacker Chemie AG.
- Dow
- Lanxess AG
- Momentive Performance Materials Inc.
- KCC Silicone Corporation
- GUANGZHOU SILOK POLYMER CO., LTD.
The report provides a detailed analysis of these key players in the global silane and silicone market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
