North America Silicones Market Key Insights:
- Silicone Types - Elastomers, Fluids, Gels, and Resins
- Feedstock – Silicon Metal, Methanol and Hydrochloric Acid
- Market Performance & Price Trends 2018
- Price Analysis & Outlook 2019-2024
- Demand by Application & Country
- Capacity Addition & Plant Turnarounds
The North America silicones market has grown at a CAGR of around 4% in during 2014-2018. Due to the rising demand for silicone elastomers in the USA and Canada, the market for silicones in North America is expected to boost in the coming years, attaining a volume of 0.5 million metric tons by 2024.
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Growing demand for silicones in the personal care, renewable energy and healthcare sector are the major drivers for the North America silicones market. In 2017, the region had close to one-fourth of the market share in the global market and was the largest market as well as the leading exporter of silicone additives. It also represented the largest market for medical grade silicones in 2017.
Properties and Applications
Silicones are synthetic polymers with highly stable silicon-oxygen backbone, having hydrogen and/or hydrocarbon groups attached to the silicon atoms. Due to its properties like adhesion, lubrication, antifoaming, water repellent, flexibility and thermal and UV stability, silicones find their applications across a wide range of industries. The major application sector of silicones are industrial processes, home and personal care, healthcare, transportation, construction materials, energy, and electronics, among others.
Based on its form, silicones are categorised as:
Due to its thermal stability, silicone elastomers find their application in power distribution, wire insulation, lamps and lighting segments. Silicones are used to make lightweight automobile components resulting in high fuel efficiency and lower emissions. They form an integral part of the medical sector because of its biocompatibility and used to make various medical devices like pacemakers and prosthetics.
The North American silicones market is being driven by a rise in demand in personal care, healthcare and medical, transportation, and renewable energy sectors. In the medical sector, there has been a rise in demand for silicones to make aesthetic implants, heart implants and other medical instruments inserted into the body of the patients. Lightweight automotive components made of silicones are also gaining favour in the transportation industry in the region. In the energy sector, silicones are being used in the windmill shafts and solar power cells in North America. The construction and the electronic sectors are other significant application sectors in the region.
North America is the leading market for silicone additives due to a rise in demand in plastics and composites, paper and pulp, paints and coatings, chemical manufacturing, and food and beverage. The region is also a leading market for medical grade silicones driven by robust growth in the healthcare industry and the availability of several large manufacturers in the region.
The region is self-sufficient in terms of its silicones supply and exports its supply surplus to countries with a deficiency of supply like Mexico. The region exports pharma-grade silicones to Asia Pacific countries like China, Korea and Japan owing to a rise in demand in healthcare and personal care industries. In 2016, China imported 17% of its silicones from the US. Although Europe and North America are both self-sufficient regions in terms of their silicones demand, trade still flows between the two regions driven by demand for silicones of specific quality and grade based on downstream applications.
The report by EMR provides a detailed analysis of the silicones markets in the United States of America and Canada. The report also analyses the feedstock market for North America silicones.
The report provides an analysis of the following key players of the North America silicones market, looking into their market share, capacity, and latest developments like plant turnarounds, capacity expansions, and mergers and acquisitions:
- Elkem Silicones
- Dow Chemical Company
- Wacker Chemie AG
- Shin-Etsu Chemical Co., Ltd
- Momentive Performance Materials Inc.
- Evonik Industries AG
- NuSil Technology LLC
- Advanced Polymer Inc.
- SiVance, LLC
- Siltech Inc.
EMR’s comprehensive report provides an in-depth insight into the various components of the value chain, price trends and the trade data.