The global silicones and siloxanes market size reached USD 24.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 38.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.85% during 2025-2033.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
|
USD 24.5 Billion |
Market Forecast in 2033
|
USD 38.3 Billion |
Market Growth Rate 2025-2033 | 4.85% |
Siloxanes refer to volatile organosilicon compounds that are composed of recurring silicon-oxygen (Si-O) bonds, occurring in either cyclic or linear form. They are highly stable and physiologically inert, and have lubricating properties. Silicones are formulated from siloxanes and can take a variety of physical forms ranging from solids and semi-viscous pastes to liquids and oils. Due to their advantageous characteristics such as flexibility, resistance to moisture, stability, inertness, permeability to gases, etc., silicones find a wide array of industrial applications.
IMARC Group provides an analysis of the key trends in each sub-segment of the global silicones and siloxanes market report, along with forecasts at the global and regional level from 2025-2033. Our report has categorized the market based on type and application.
Silicones Market
Breakup by Type:
Amongst these, elastomers account for more than a third of the total market share due to their non-reactive nature. This helps them to find applications in cooking, baking, and in the production of footwears, undergarments and cosmetics.
Breakup by Application:
Currently, industrial applications represent the largest segment since silicones are used as RTV sealants and anti-foaming agents owing to their resistance to high temperature and pressure.
Siloxanes Market
Breakup by Type:
Linear siloxanes dominate the market, accounting for the largest market share. Dimethicones, a form of linear siloxane, are used as a medication to treat minor skin irritations. Apart from this, these siloxanes are majorly used as intermediates in the manufacturing of silicones.
Breakup by Application:
A dominant share of siloxanes is employed in the production of silicones which are further used in various industries.
Regional Insights:
On a geographical front, Asia Pacific enjoys the leading position in the silicones and siloxanes market on account of thriving construction and automotive industries, supported by surging population, rapid urbanisation and mounting disposable incomes. In addition, availability of raw materials and abundance of labour have created a positive outlook for the market growth.
The market is concentrated in nature with the presence of a handful of players who account for the majority of the total production. Some of the leading players operating in the market are:
This report provides a deep insight into the global silicones and siloxanes market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the silicones and siloxanes market in any manner.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million Tons, Billion USD |
Segment Coverage | Type, Application, Region |
Region Covered | Asia-Pacific, Europe, North America, Central and South America, Middle East and Africa |
Companies Covered | Dow Chemical Company, Momentive Performance Materials Inc., Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Elkem ASA |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global silicones and siloxanes market was valued at USD 24.5 Billion in 2024.
We expect the global silicones and siloxanes market to exhibit a CAGR of 4.85% during 2025-2033.
The widespread adoption of cyclic siloxanes and silicone polymers in the manufacturing of personal care products is primarily driving the global silicones and siloxanes market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for silicones and siloxanes.
Based on the type, the global silicones market has been divided into elastomers, fluids, resins, and gels. Currently, elastomers exhibit a clear dominance in the market.
Based on the application, the global silicones market can be categorized into industrial applications, construction materials, home and personal care, transportation, energy, healthcare, electronics, and others. Among these, industrial applications currently account for the majority of the global market share.
Based on the type, the global siloxanes market has been segmented into linear and cyclic, where linear siloxanes hold the largest market share.
Based on the application, the global siloxanes market can be bifurcated into silicones and other applications. Currently, silicones exhibit a clear dominance in the market.
On a regional level, the market has been classified into Asia-Pacific, Europe, North America, Central and South America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global silicones and siloxanes market include Dow Chemical Company, Momentive Performance Materials Inc., Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Elkem ASA, etc.