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The Worldwide Silicone Resins Industry is Expected to Reach $6.3 Billion by 2026 at a CAGR of 5.5% from 2021

·9-min read

Dublin, July 12, 2021 (GLOBE NEWSWIRE) -- The "Global Silicone Resins Market by Type (Methyl, Methyl Phenyl), Application, End-use Industry (Automotive & Transportation, Building & Construction, Electrical & Electronics, Healthcare, Industrial) and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global silicone resins market is estimated to be USD 4.8 billion in 2021 and is projected to reach USD 6.3 billion by 2026, at a CAGR of 5.5% from 2021 to 2026.

The growth is due to the growing demand industrial, construction and automobile and other applications throughout the world. The silicone resins are widely used for paints & coatings, adhesives & sealants and elastomers applications. The increasing demand from industrial segments, automotive & transportation and building & construction is boosting the demand for silicone resins.

Methyl Silicone Resins is expected to be the fastest-growing type in the silicone resins market during the forecast period

Methyl Silicone Resins is the fastest-growing type segment in the silicone resins market. Methyl Silicone Resins are widely used in topcoats to provide protection to the surface exposed to weather and high temperature. It accounted for a share of about 42.4% of the silicone resins market, in terms of value, in 2020.

Elastomers is expected to be the fastest-growing application in the silicone resins market during the forecast period

Elastomers is the fastest-growing application segment in the silicone resins market. Rising number of automotive & sealants, building & construction and industrial end-use industries will drive the demand for silicone resins in the insulating glass application. It accounted for a share of about 40.4% of the silicone resins market, in terms of value, in 2020.

Industrial is expected to be the fastest-growing end-use in the silicone resins market during the forecast period

Industrial is the fastest-growing curing type segment in the silicone resins market. The growth in this segment is attributed to increased use of silicone resins in various applications, such as paints & coatings, adhesives & sealants and elastomers, among others. It accounted for a share of about 20.4% of the silicone resins market, in terms of value, in 2020.

APAC is the largest market for silicone resins

APAC is the largest and market of silicone resins, with China being the major emerging market. APAC accounted for the largest share of the silicone resins market in 2020. The market in the region is growing because of increased foreign investments because of cheap labor and availability of raw materials. The growing demand from automobile industry, government proposals to improve manufacturing and rising capital intensive construction, coupled with the increase in demand from industrial, automotive & transportation and building & construction end-uses. It accounted for a share of about 52.3% of the silicone resins market, in terms of value, in 2020.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Silicone Resin Market
4.2 Silicone Resin Market, by Region
4.3 APAC: Silicone Resin Market, by Country and End-use Industry
4.4 Silicone Resin Market: by Major Countries

5 Market Overview
5.1 Introduction
5.2 COVID-19 Economic Assessment
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Range of Properties Catering to Specific End-uses
5.3.1.2 Increasing Demand in Paints & Coatings Industry
5.3.1.3 Wide Use in Electronics & Electrical Industry
5.3.2 Restraints
5.3.2.1 Stringent Government Regulations to Hinder Market Growth
5.3.3 Opportunities
5.3.3.1 Increasing Use of Hybrid Resins in Reinforcements
5.3.3.2 Technological Advancements Help Overcome Integration Challenges
5.3.4 Challenges
5.3.4.1 New Emission Goals of US and Canada to Affect Demand
5.3.4.2 Health and Safety Issues
5.4 Porter's Five Forces Analysis
5.5 Value Chain Analysis
5.6 YC & YCC Shift
5.7 Ecosystem Map
5.8 Regulatory Analysis
5.9 Trade Analysis
5.10 COVID-19 Impact
5.11 Technology Analysis
5.12 Case Study
5.13 Pricing Analysis
5.14 Scenario Analysis
5.15 Range Scenarios of Silicone Resin Market
5.15.1 Optimistic Scenario
5.15.2 Pessimistic Scenario
5.15.3 Realistic Scenario
5.16 Patent Analysis

6 Silicone Resin Market, by Type
6.1 Introduction
6.2 Methyl Silicone Resins
6.2.1 Wide Use due to Excellent Thermal Stability Property
6.3 Methyl Phenyl Silicone Resins
6.3.1 Increasing Demand from Paints & Coatings Industry to Boost Market
6.4 Others
6.4.1 Multiple Applications of Modified Silicone Resins

7 Silicone Resin Market, by Application
7.1 Introduction
7.2 Paints & Coatings
7.2.1 Versatility of Silicone Resins to Boost Market
7.3 Adhesives & Sealants
7.3.1 Rising Demands in Building & Construction Industry Affects Market Positively
7.4 Elastomers
7.4.1 Increasing Use in Electrical & Electronics Products Expected to Drive Demand
7.5 Others
7.5.1 Wide Use in Household Appliances, Plant Equipment, Flame Retardants and Electrical Insulation

8 Silicone Resin Market, by End-use Industry
8.1 Introduction
8.2 Automotive & Transportation
8.2.1 Increasing Use of Silicone Resins in Automobiles Expected to Drive Market
8.3 Building & Construction
8.3.1 Growing Demand for Surface Treatment and Waterproofing Applications
8.4 Electrical & Electronics
8.4.1 Multiple Applications of Silicone Resins in Electrical & Electronics Products to Boost Market
8.5 Healthcare
8.5.1 Growing Use of Silicone Resins in Medical Devices and Implants to Boost Market
8.6 Industrial
8.6.1 Increasing Use of Silicone Resins as Binders in Industrial Coatings to Boost Market
8.7 Others
8.7.1 Rising Use in Personal Care and Textile Industries to Push Market

9 Silicone Resin Market, by Region

10 Competitive Landscape
10.1 Overview
10.1.1 Overview of Strategies Adopted by Key Silicone Resin Manufacturers
10.2 Market Ranking
10.2.1 The Dow Chemical Company
10.2.2 Evonik Industries AG
10.2.3 Shin-Etsu Chemicals Co. Ltd.
10.2.4 Kaneka Corporation
10.2.5 Wacker Chemie AG
10.3 Revenue Analysis of Top Market Players
10.4 Market Share Analysis
10.5 Competitive Leadership Mapping
10.5.1 Star
10.5.2 Emerging Leader
10.5.3 Pervasive
10.5.4 Participant
10.5.5 Competitive Benchmarking
10.6 Competitive Leadership Mapping of SMEs (Small and Medium-Sized Enterprises)
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Starting Blocks
10.6.4 Dynamic Companies
10.7 Market Evaluation Framework
10.8 Competitive Scenario

11 Company Profiles
11.1 Major Players
11.1.1 Wacker Chemie AG
11.1.1.1 Business Overview
11.1.1.2 Products/Solutions/Services Offered
11.1.1.3 Recent Developments
11.1.1.4 Analyst's View
11.1.1.4.1 Key Strengths/Right to Win
11.1.1.4.2 Strategic Choices
11.1.1.4.3 Weaknesses and Competitive Threats
11.1.2 Shin-Etsu Chemical Co. Ltd.
11.1.2.1 Business Overview
11.1.2.2 Products/Solutions/Services Offered
11.1.2.3 Recent Developments
11.1.2.4 Recent Developments
11.1.2.5 Analyst's View
11.1.2.5.1 Key Strengths/Right to Win
11.1.2.5.2 Strategic Choices
11.1.2.5.3 Weaknesses and Competitive Threats
11.1.3 Elkem ASA
11.1.3.1 Business Overview
11.1.3.2 Products Offered
11.1.3.3 Recent Developments
11.1.3.4 Recent Developments
11.1.3.5 Analyst's View
11.1.3.5.1 Key Strengths/Right to Win
11.1.3.5.2 Strategic Choices
11.1.3.5.3 Weaknesses and Competitive Threats
11.1.4 The Dow Chemical Company
11.1.4.1 Business Overview
11.1.4.2 Products Offered
11.1.4.3 Recent Developments
11.1.4.4 Recent Developments
11.1.4.5 Analyst's View
11.1.4.5.1 Key Strengths/Right to Win
11.1.4.5.2 Strategic Choices
11.1.4.5.3 Weaknesses and Competitive Threats
11.1.5 Momentive
11.1.5.1 Business and Financial Overview
11.1.5.2 Products/Solutions/Services Offered
11.1.5.3 Recent Developments
11.1.5.4 Recent Developments
11.1.5.5 Analyst's View
11.1.5.5.1 Key Strengths/Right to Win
11.1.5.5.2 Strategic Choices
11.1.5.5.3 Weaknesses and Competitive Threats
11.1.6 KCC Corporation
11.1.6.1 Business Overview
11.1.6.2 Products/Solutions/Services Offered
11.1.6.3 Recent Developments
11.1.6.4 Recent Developments
11.1.6.5 Analyst's View
11.1.6.5.1 Key Strengths/Right to Win
11.1.7 Evonik Industries AG
11.1.7.1 Business Overview
11.1.7.2 Products/Solutions/Services Offered
11.1.7.3 Recent Developments
11.1.7.4 Recent Developments
11.1.7.5 Analyst's View
11.1.7.5.1 Key Strengths/Right to Win
11.1.8 Kaneka Corporation
11.1.8.1 Business Overview
11.1.8.2 Products/Solutions/Services Offered
11.1.8.3 Recent Developments
11.1.8.4 Analyst's View
11.1.9 Innospec Inc.
11.1.9.1 Business Overview
11.1.9.2 Products Offered
11.1.9.3 Recent Developments
11.1.9.4 Analyst's View
11.1.10 Zhejiang Runhe Silicone New Materials Co. Ltd.
11.1.10.1 Business Overview
11.1.10.2 Products Offered
11.1.10.3 Recent Developments
11.1.10.4 Analyst's View
11.2 Other Players
11.2.1 Siltech Corporation
11.2.2 CHT Group
11.2.3 Power Chemical Corporation
11.2.4 Advanced Polymer, Inc.
11.2.5 Kanto Chemical Co. Inc.
11.2.6 Sivance LLC
11.2.7 Genesee Polymers Corporation
11.2.8 Elkay Chemicals Pvt. Ltd.
11.2.9 AB Specialty Silicones
11.2.10 Shenzhen Anpin Silicone Material Co. Ltd.
11.2.11 Anhui Feidian Advanced Materials Co. Ltd.
11.2.12 Supreme Silicones
11.2.13 Iota Silicone Oil (Anhui) Co. Ltd
11.2.14 KIP Chemicals Co. Ltd.
11.2.15 Tangshan Sunfar New Materials Co. Ltd.

12 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/i0hqlg

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