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Latin America Silicones Market

Latin America Silicones Market Size, Share, Trends, Report: By Type: Elastomers, Fluids, Gels, Resins; By Application: Industrial Process, Construction Materials, Home and Personal Care, Transportation, Energy, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

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
  • Dow Chemical Company
  • Wacker Chemie AG
  • Shin-Etsu Chemical Co., Ltd
  • Silicon Argentina ® srl
  • 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
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.

1    Preface
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

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Global Silicones Market Overview

    8.1    Key Industry Highlights
    8.2    Global Silicones Historical Market (2018-2023) 
    8.3    Global Silicones Market Forecast (2020-2025)
    8.4    Global Silicones Market by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East and Africa
9    Latin America Silicones Market Analysis
    9.1    Key Industry Highlights
    9.2    Latin America Silicones Historical Market (2018-2023) 
    9.3    Latin America Silicones Market Forecast (2020-2025)
    9.4    Latin America Silicones Market by Type 
        9.4.1    Elastomers
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2020-2025)
        9.4.2    Fluids
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2020-2025)
        9.4.3    Gels
            9.4.3.1    Historical Trend (2018-2023)
            9.4.3.2    Forecast Trend (2020-2025)
        9.4.4    Resins
            9.4.4.1    Historical Trend (2018-2023)
            9.4.4.2    Forecast Trend (2020-2025)
    9.5    Latin America Silicones Market by Application
        9.5.1    Industrial Process
            9.5.1.1    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2020-2025)
        9.5.2    Construction Materials
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2020-2025)
        9.5.3    Home and Personal Care
            9.5.3.1    Historical Trend (2018-2023)
            9.5.3.2    Forecast Trend (2020-2025)
        9.5.4    Transportation 
            9.5.4.1    Historical Trend (2018-2023)
            9.5.4.2    Forecast Trend (2020-2025)
        9.5.5    Energy
            9.5.5.1    Historical Trend (2018-2023)
            9.5.5.2    Forecast Trend (2020-2025)
        9.5.6    Healthcare
            9.5.6.1    Historical Trend (2018-2023)
            9.5.6.2    Forecast Trend (2020-2025)
        9.5.7    Electronics
            9.5.7.1    Historical Trend (2018-2023)
            9.5.7.2    Forecast Trend (2020-2025)
        9.5.8    Others
    9.6    Latin America Silicones Market by Country
        9.6.1    Brazil
        9.6.2    Argentina
        9.6.3    Mexico
        9.6.4    Others
10    Regional Analysis
    10.1    Brazil
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2020-2025)
    10.2    Argentina
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2020-2025)
    10.3    Mexico
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2020-2025)
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    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
            15.2.1.5    Certifications
        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
            15.2.2.5    Certifications
        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
            15.2.3.5    Certifications
        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
            15.2.4.5    Certifications
        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
            15.2.5.5    Certifications
        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
            15.2.6.5    Certifications
        15.2.7    Others
19    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Silicones Market: Key Industry Highlights, 2018 and 2032
2.    Latin America Silicones Market: Key Industry Highlights, 2018 and 2028
3.    Latin America Silicones Historical Market: Breakup by Type (USD Million), 2018-2023
4.    Latin America Silicones Market Forecast: Breakup by Type (USD Million), 2024-2032
5.    Latin America Silicones Historical Market: Breakup by Application (USD Million), 2018-2023
6.    Latin America Silicones Market Forecast: Breakup by Application (USD Million), 2024-2032
7.    Latin America Silicones Historical Market: Breakup by Segment (USD Million), 2018-2023
8.    Latin America Silicones Market Forecast: Breakup by Segment (USD Million), 2024-2032
9.    Latin America Silicones Historical Market: Breakup by Country (USD Million), 2018-2023
10.    Latin America Silicones Market Forecast: Breakup by Country (USD Million), 2024-2032
11.    Major Importing Countries by Volume (2022)
12.    Major Exporting Countries by Volume (2022)
13.    Major Importing Countries by Value (2022)
14.    Major Exporting Countries by Value (2022)
15.    Latin America Silicones Market Structure

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.

Analyst Review

The Latin America silicones market is expected to be driven by the rising downstream demand, the Latin America silicones market is projected to grow at a CAGR of about 3.8% during the forecast period of 2024-2032. The silicones market in Latin America is expected to reach USD 329.58 million by 2032.        

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 can be divided into industrial process, construction materials, home and personal care, transportation, energy, healthcare, and electronics, among others. The major regional markets for silicones in Latin America are Brazil, Argentina, and Mexico, among others. The key players in the above industry include Elkem Silicones, Wacker Chemie AG, Dow Chemical Company, Evonik Industries AG, Momentive Performance Materials Inc., and Siltech Corporation, 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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