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The global silicones market grew at a CAGR of around 5% in the period 2018-2023. The healthy growth of the global silicones market has aided the Europe silicone market, which is expected to reach 846.11 KMT by 2032. The Europe Silicones market is driven by a growth in the demand for lightweight silicones in the transportation and the automobile sector.
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Silicones or polysiloxane are synthetic polymers having a backbone made of alternating oxygen and silicon atoms. Due to its durability and stability under high temperature and having diverse forms ranging from solids to semi-viscous pastes to liquids, silicones finds their application across various industries. They find their applications as coatings, water repellents, emulsions, sealants and anti-foaming agents, among others. They are categorised as silicone fluids, elastomers, resins and gels. The major application sectors that these silicone types find their end-use in are:
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Silicones are extensively consumed as anti-foams in the processing of oil and gas, and pulp and paper. In the solar energy sector, silicones find their application as coatings, sealants and adhesives, and contribute to almost 90% of the solar panels used. It is also used to make lightweight components in cars and other automobiles increasing fuel efficiency and reducing emissions. In the medical and health care sector, silicones are used to manufacture medical devices like pacemakers and insulin pumps along with prosthetics and artificial joints.
Europe silicones market is one of the leading markets globally and represented close to one-third of the total silicones market share in 2017. The silicones market in Europe is driven by rising demand in the healthcare sector for aesthetic implants, and in the renewable energy sector for applications in windmill and solar panels. Transportation, construction, electronics, personal care and medical sector are key applications sectors for silicones. Greater applications for liquid silicone rubber would drive the growth of the market in the medical segment.
In 2017, Western Europe accounted for almost half the world’s total silicones export. Germany and France are the major silicones manufacturing hubs in the region and other European countries import silicones either from these two countries or other countries outside Europe. Due to a supply surplus in the continent, silicones are exported from the continent to Asia Pacific, Latin America and Middle East regions. However, due to a growing capacity of the silicones market in Asia, exports from Europe to countries like China and Korea might reduce in the coming years. Europe imports specialised silicone formulations from the US due to rise in the transportation and cosmetic sectors.
Germany leads the demand for silicones for applications in the automotive sectors due to a significant number of automotive components manufacturers having their plants in the country. Germany is also close to Poland which is the largest automobile market in Europe.
The report by EMR provides a detailed analysis of the silicones markets in UK, Germany and Netherlands. The report also analyses the feedstock for Europe silicones market.
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The report provides an analysis of the following key players in the global as well as Europe silicones market including their market share, capacity and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
EMR’s comprehensive report gives an in-depth insight into the price trends of silicone in Europe and the trade data. It also looks into the components of the value chain and provides Porter’s five force analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Segment |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The growth of the Europe silicones market has been driven by the global market, which grew at a CAGR of about 5% during the historical period of 2018-2022.
The market is expected to reach about 846.11 KMT by 2032.
The major drivers of the market include the rising disposable incomes, increasing population, and the rising demand from the healthcare sector, windmill, solar panels, transportation, construction, electronics, and personal care sectors.
The rising applications for liquid silicone rubber is expected to be a key trend guiding the growth of the market.
The United Kingdom, Germany, France, and Italy, among others, are the leading regions in the market.
The major types of silicones include elastomers, fluids, gels, and resins.
The significant application segments of the product are industrial process, construction materials, home and personal care, transportation, energy, healthcare, and electronics, among others.
The key players in the market include Elkem Silicones, Wacker Chemie AG, Dow Chemical Company, and Evonik Industries AG, among others.
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