The North America silicones market has grown at a CAGR of around 3.7% in during 2023-2028. 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 494.80 KMT by 2028.
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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.
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.
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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.
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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:
EMR’s comprehensive report provides an in-depth insight into the various components of the value chain, price trends and the trade data.
|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||United States, Canada|
|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
220.127.116.11 North America
18.104.22.168 Asia Pacific
22.214.171.124 Latin America
126.96.36.199 Middle East and Africa
9 North America Silicones Market Analysis
9.1 Key Industry Highlights
9.2 North America Silicones Historical Market (2018-2022)
9.3 North America Silicones Market Forecast (2023-2028)
9.4 North America Silicones Market by Type
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)
9.5 North America Silicones Market by Application
9.5.1 Industrial Process
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
9.5.2 Construction Materials
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
9.5.3 Home and Personal Care
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)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
9.6 North America Silicones Market by Segment
9.7 North America Silicones Market by Country
9.7.1 Market Share
18.104.22.168 United States
10 Regional Analysis
10.1 United States
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)
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
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
184.108.40.206 Financial Summary
15.2.2 Wacker Chemie AG
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
126.96.36.199 Financial Summary
15.2.3 Dow Chemical Company
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
18.104.22.168 Financial Summary
15.2.4 Evonik Industries AG
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
184.108.40.206 Financial Summary
15.2.5 Momentive Performance Materials Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
126.96.36.199 Financial Summary
15.2.6 Siltech Corporation
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
18.104.22.168 Financial Summary
19 Industry Events and Developments
List of Key Figures and Tables
1. Global Silicones Market: Key Industry Highlights, 2018 and 2028
2. North America Silicones Market: Key Industry Highlights, 2018 and 2028
3. North America Silicones Historical Market: Breakup by Type (MMT), 2018-2022
4. North America Silicones Market Forecast: Breakup by Type (MMT), 2023-2028
5. North America Silicones Historical Market: Breakup by Application (MMT), 2018-2022
6. North America Silicones Market Forecast: Breakup by Application (MMT), 2023-2028
7. North America Silicones Historical Market: Breakup by Segment (MMT), 2018-2022
8. North America Silicones Market Forecast: Breakup by Segment (MMT), 2023-2028
9. North America Silicones Historical Market: Breakup by Country (MMT), 2018-2022
10. North America 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. North America Silicones Market Structure
The North America silicones market is projected to grow at a CAGR of nearly 3.7% in the forecast period of 2023-2028.
The market is estimated to reach a volume of 494.80 KMT by 2028.
The major drivers of the market include rising disposable incomes, increasing population, and the increasing demand in personal care, transportation, renewable energy, construction, electronic, and healthcare and medical sectors.
The presence of several large manufacturers within the region is expected to be a key trend guiding the growth of the market.
The United States and Canada are the leading regions in the market.
The major types of silicones in the market include fluids, gels, resins, and elastomers.
Silicones find wide applications in industrial process, construction materials, home and personal care, transportation, energy, healthcare, and electronics, among others.
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.
The North America silicones market is being driven by the growing healthcare and medical sectors. Aided by the rising competition among the key players, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.7%. The industry is projected to reach a volume of 494.80 KMT 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 fluids, gels, resins, 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 North America are the United States and Canada. 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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