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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Latin America Silicones Market Outlook

Latin  America silicones market size attained a value of USD 262.26 million in 2023. The market is further expected to grow at a CAGR of 3.8% between 2024 and 2032, to reach a value of USD 329.58 million by 2032.        

Latin America Silicones Market

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Market Segmentation

Silicones or polysiloxane, are oligomers with a silicon-oxygen backbone. They are capable of taking a variety of physical forms ranging from solids to liquids to semi-viscous pastes, greases and oils due to their molecular structure. Due to their properties like adhesion, water repellent, lubrication, anti-foaming, flexibility, and thermal and UV stability, silicones find application in a wide range of industries like:

Latin America Silicones Market By Segments

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  • Industrial Process
  • Construction Materials
  • Home and Personal Care
  • Transportation 
  • Energy
  • Healthcare
  • Electronics

By Types, the market may be segmented into resins, fluids, gels and elastomers. Silicone anti-foams are widely consumed in the processing of oil and gas, and paper and pulp.

Latin America Silicones Market Analysis

Swift development of principal end-use industries like automotive, electrical, electronics and construction are expected to drive the growth in Latin America. Further, the presence of electronic producers should offer new opportunities for silicone producers in Latin America. Also, a broad crude oil production establishment in Brazil, Venezuela and Chile may stimulate the use of silicone polymers and fluids during the forecast period.

Rising demand for liquid silicone rubber is also likely to drive the market in Latin America. Expansion of the auto industry in Latin American markets, along with Asia Pacific and Africa, are projected to drive the high-temperature elastomer market growth. High-temperature elastomers are employed in the production of tyres, speciality rubber and seat cover. Silicones in Mexico might benefit from a robust increase in manufacturing activity.

The market for sealants and adhesives in Latin America should be driven by development in end-user segments such as construction and automobiles where adhesives and sealants are employed in panel laminating, flooring, insulation, facades, coating and lamination, etc. Chile, Colombia, Brazil, Peru and Argentina have witnessed rapid growth in their industrial sectors which has increased the demand for sealants and adhesives. While ecological concerns and volatility in prices of raw material may hinder market growth, bio-based sealants and adhesives may see greater demand in future. Among all types of sealants, silicone-based sealants should grow most rapidly during the forecast period owing to rising innovation in product development.

The report by EMR provides a detailed analysis of the silicones market in Brazil, Argentina and Chile. The report also analyses the types of feedstock for Latin America silicones market.

Latin America Silicones Market By Region

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Competitive Landscape

The report analyses the following key players in the global and Latin America silicones market, looking into their capacity, market share and latest developments like mergers and acquisitions, plant turnarounds and capacity expansions:

  • Elkem Silicones
  • Wacker Chemie AG
  • Dow Chemical Company
  • Evonik Industries AG
  • Momentive Performance Materials Inc.
  • Siltech Corporation
  • Others

EMR’s comprehensive report also provides an in-depth look into the price trends, trade data and the value chain of the Latin America silicones market.

Key Highlights of the Report

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:

  • Type
  • Application
  • Region
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 Region
  • Brazil
  • Argentina
  • Mexico
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

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Latin America Silicones Market Report Snapshots

Latin America Silicones Market Size

Latin America Silicones Market Analysis

Latin America Silicones Companies

*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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Key Questions Answered in the Report

The Latin America silicones market is expected to be aided by the growth of the global silicones market, which is projected to grow at a CAGR of nearly 5% in the forecast period of 2024-2032.

The market is likely to reach a volume of 255.58 kilo metric tons by 2032.

The major drivers of the industry include rising disposable incomes, increasing population, and the rising construction and automobile industries.

The increased crude oil production establishment in Brazil, Venezuela as well as Chile may lead to an increased use of silicone polymers and fluids during the forecast period.

Brazil, Argentina, and Mexico, among others, are the major regional markets for silicone in Latin America.

Resins, fluids, gels, and elastomers are the leading types of silicones in the industry.

The significant application segments in the market are industrial process, construction materials, home and personal care, transportation, energy, healthcare, and electronics, among others.

The leading segments in the market are D5 and emulsion.

The leading players in the market are Elkem Silicones, Wacker Chemie AG, Dow Chemical Company, Evonik Industries AG, Momentive Performance Materials Inc., and Siltech Corporation, among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124