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The Asia Pacific silicones market is expected to reach a volume of about 1.72 million metric tons by 2028, registering a CAGR of nearly 4.7% during the forecast period of 2023-2028. Asia Pacific is expected to lead the regional markets globally during the forecast period. A growing electronics industry along with the increasing standards of living in India, Japan, Korea, China and Taiwan will drive the market growth.
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Silicones are polymers with repeating units of siloxane or chain of alternating silicon and oxygen atoms. Due to its molecular structure, it is imbued with properties such as water resistance, tensile strength, high binding capacity, and transparency, among others. Silicones can be categorized as:
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Due to their versatile properties and shape, silicones find applications across industries such as transportation, electronics, construction, health care, and textiles. With the rising construction activities in the continent, the construction industry is expected to flourish in the coming years, providing further impetus to the Asia Pacific silicones market. The market is especially growing in China where the government is investing extensively in infrastructure programs.
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Asia Pacific was the largest silicones market in 2016 due to the shifting of the production facilities by large players from North America and Europe to Asia. The key factors behind the shifting of production facilities included cheap labour, greater availability of raw materials and more market penetration opportunities in end-use businesses such as building and construction, transportation, personal care and consumer products, industrial process, electronics, medical and healthcare, energy, etc.
India and China are expected to maintain their positions as major manufacturing hubs due to low costs of manufacturing and openness towards electronics and automotive industries. China saw significant growth in the silicone market in 2016 and 2017. While several producers had to shut down units or cut output due to environmental regulations in 2017, such shutdowns corrected demand-supply patterns.
China remains the largest market for silicones in terms of value. It will continue to be one of the fastest developing markets in the world. Over the last ten years, there has been a rapid rise of domestic-based silicone manufacturers in China which has affected global markets significantly. It is a key market in the region followed by India and accounted for over half the global demand of silicones in 2017.
China is also the leading importer of silicones. A greater portion of silicones manufactured within the country is used to meet domestic demand. Even with growing demand in China, most Chinese silicones buyers tend to buy from global rather than local players. This is due to a slower technological innovation in the industry in China. However, the tools for future innovations are there with China.
Asia Pacific silicones market will continue to grow the fastest due to acceleration in price growth. With China producing more high-value goods, the manufacturing of lower-valued products would move to India and Southeast Asia. Construction, electronics, medical/personal care and transportation would be primary markets for silicones. Adhesives would drive growth in the construction sector while greater applications for liquid silicone rubber would drive growth in the medical segment.
The report by EMR provides a detailed analysis of the silicones markets in China, India and South East Asia. The report also analyses the types of feedstock for Asia Pacific silicones market.
The report analyses the following key players in the global and Asia Pacific silicones market, looking into their market share, capacity and latest developments like plant turnarounds, expansions of capacity, and mergers and acquisitions:
EMR’s comprehensive report gives an in-depth insight into the price trends, trade data and the various components of the value chain. It also analyses the market according to Porter’s five forces.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Segment, Country|
|Breakup by Type||Elastomers, Fluids, Gels, Resins|
|Breakup by Application||Industrial Process, Construction Materials, Home and Personal Care, Transportation, Energy, Healthcare, Electronics, Others|
|Breakup by Segment||D5, Emulsion|
|Breakup by Country||China, India, South East Asia|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Price Analysis||Historical and Forecast Price Trends- Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Elkem Silicones, Wacker Chemie AG, Dow Chemical Company, Evonik Industries AG, Momentive Performance Materials Inc., Siltech Corporation, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Silicones Market Overview
8.1 Key Industry Highlights
8.2 Global Silicones Historical Market (2018-2022)
8.3 Global Silicones Market Forecast (2023-2028)
8.4 Global Silicones Market by Region
8.4.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Asia Pacific Silicones Market Analysis
9.1 Key Industry Highlights
9.2 Asia Pacific Silicones Historical Market (2018-2022)
9.3 Asia Pacific Silicones Market Forecast (2023-2028)
9.4 Asia Pacific Silicones Market by Type
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
9.5 Asia Pacific Silicones Market by Application
9.5.1 Industrial Process
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
9.5.2 Construction Materials
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
9.5.3 Home and Personal Care
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
9.6 Asia Pacific Silicones Market by Segment
9.7 Asia Pacific Silicones Market by Country
9.7.1 Market Share
188.8.131.52 South East Asia
10 Regional Analysis
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 South East Asia
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
11 Market Dynamics
11.1 SWOT Analysis
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code - 3910)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15;2.1 Elkem Silicones
15;2.1.1 Company Overview
15;2.1.2 Product Portfolio
15;2.1.3 Demographic Reach and Achievements
15;2.1.4 Financial Summary
15;2.2 Wacker Chemie AG
15;2.2.1 Company Overview
15;2.2.2 Product Portfolio
15;2.2.3 Demographic Reach and Achievements
15;2.2.4 Financial Summary
15;2.3 Dow Chemical Company
15;2.3.1 Company Overview
15;2.3.2 Product Portfolio
15;2.3.3 Demographic Reach and Achievements
15;2.3.4 Financial Summary
15;2.4 Evonik Industries AG
15;2.4.1 Company Overview
15;2.4.2 Product Portfolio
15;2.4.3 Demographic Reach and Achievements
15;2.4.4 Financial Summary
15;2.5 Momentive Performance Materials Inc.
15;2.5.1 Company Overview
15;2.5.2 Product Portfolio
15;2.5.3 Demographic Reach and Achievements
15;2.5.4 Financial Summary
15;2.6 Siltech Corporation
15;2.6.1 Company Overview
15;2.6.2 Product Portfolio
15;2.6.3 Demographic Reach and Achievements
15;2.6.4 Financial Summary
16 Industry Events and Developments
List of Key Figures and Tables
1. Global Silicones Market: Key Industry Highlights, 2018 and 2028
2. Asia Pacific Silicones Market: Key Industry Highlights, 2018 and 2028
3. Asia Pacific Silicones Historical Market: Breakup by Type (MMT), 2018-2022
4. Asia Pacific Silicones Market Forecast: Breakup by Type (MMT), 2023-2028
5. Asia Pacific Silicones Historical Market: Breakup by Application (MMT), 2018-2022
6. Asia Pacific Silicones Market Forecast: Breakup by Application (MMT), 2023-2028
7. Asia Pacific Silicones Historical Market: Breakup by Segment (MMT), 2018-2022
8. Asia Pacific Silicones Market Forecast: Breakup by Segment (MMT), 2023-2028
9. Asia Pacific Silicones Historical Market: Breakup by Country (MMT), 2018-2022
10. Asia Pacific Silicones Market Forecast: Breakup by Country (MMT), 2023-2028
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Asia Pacific Silicones Market Structure
The Asia Pacific silicones market is projected to grow at a CAGR of nearly 4.7% in the forecast period of 2023-2028.
The market is estimated to reach a volume of nearly 1.72 million metric tons by 2028.
The major drivers of the market include the rising disposable incomes, increasing population, rising electronics industry, and the increasing standards of living.
The rising investments by the government in infrastructure programs is expected to be a key trend guiding the growth of the market.
China, India, and South East Asia are the leading regions in the market, with China accounting for the largest market share in the Asia Pacific.
The major types of silicones include resins, fluids, gels, and elastomers.
The significant application segments in the market are industrial process, home and personal care, construction materials, transportation, energy, healthcare, and electronics, among others.
The major segments in the market are D5 and emulsion.
The leading players in the market are Elkem Silicones, Dow Chemical Company, Wacker Chemie AG, Momentive Performance Materials Inc., Siltech Corporation, and Evonik Industries AG, among others.
The Asia Pacific silicones market is being driven by the growth in the construction industry. Aided by their versatile properties and shape, the industry is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 4.7%. The industry is projected to reach a volume of about 1.72 million metric tons by 2028.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on types, the market can be segmented into resins, fluids, gels, and elastomers. On the basis of application, the industry is divided into industrial process, home and personal care, construction materials, transportation, energy, healthcare, and electronics, among others. By segment, the market is bifurcated into D5 and emulsion. The major regional markets for silicones are China, India, and South East Asia, with China being the leading regional market. The key players in the above industry include Elkem Silicones, Dow Chemical Company, Wacker Chemie AG, Momentive Performance Materials Inc., Siltech Corporation, and Evonik Industries AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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