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North America Silicones Market

North America Silicones Market Size, Share, Demand, Growth: By Type: Elastomers, Fluids, Gels, Resins; By Application: Industrial Process, Construction Materials, Home and Personal Care, Transportation, Energy, Others; By Segment: D5, Emulsion; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

North America Silicones Market Outlook

The North America silicones market has grown at a CAGR of around 3.7% in during 2024-2032. 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 572.20 KMT by 2032.   

 

North America Silicones Market

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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.

 

North America Silicones Market By Segments

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Based on its form, silicones are categorised as:

  • Fluids
  • Gels
  • Resins
  • Elastomers

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.

 

Market Analysis

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.

 

North America Silicones Market By Region

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Competitive Landscape

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.
  • Others

EMR’s comprehensive report provides an in-depth insight into the various components of the value chain, price trends and the trade data.

 

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
  • Segment
  • 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 Segment
  • D5
  • Emulsion
Breakup by Region
  • United States
  • Canada
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    Snapshot
    6.1    Global
    6.2    Regional
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 (2024-2032)
    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    North America Silicones Market Analysis
    9.1    Key Industry Highlights
    9.2    North America Silicones Historical Market (2018-2023) 
    9.3    North America Silicones Market Forecast (2024-2032)
    9.4    North America Silicones Market by Type 
        9.4.1    Elastomers
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Fluids
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
        9.4.3    Gels
            9.4.3.1    Historical Trend (2018-2023)
            9.4.3.2    Forecast Trend (2024-2032)
        9.4.4    Resins
            9.4.4.1    Historical Trend (2018-2023)
            9.4.4.2    Forecast Trend (2024-2032)
    9.5    North America Silicones Market by Application
        9.5.1    Industrial Process
            9.5.1.1    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Construction Materials
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2024-2032)
        9.5.3    Home and Personal Care
            9.5.3.1    Historical Trend (2018-2023)
            9.5.3.2    Forecast Trend (2024-2032)
        9.5.4    Transportation 
            9.5.4.1    Historical Trend (2018-2023)
            9.5.4.2    Forecast Trend (2024-2032)
        9.5.5    Energy
            9.5.5.1    Historical Trend (2018-2023)
            9.5.5.2    Forecast Trend (2024-2032)
        9.5.6    Healthcare
            9.5.6.1    Historical Trend (2018-2023)
            9.5.6.2    Forecast Trend (2024-2032)
        9.5.7    Electronics
            9.5.7.1    Historical Trend (2018-2023)
            9.5.7.2    Forecast Trend (2024-2032)
        9.5.8    Others
    9.6    North America Silicones Market by Segment
        9.6.1    D5
        9.6.2    Emulsion
    9.7    North America Silicones Market by Country
        9.7.1    United States
        9.7.2    Canada
10    Regional Analysis
    10.1    United States
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Canada
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
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 2028
2.    North America Silicones Market: Key Industry Highlights, 2018 and 2028
3.    North America Silicones Historical Market: Breakup by Type (MMT), 2018-2023
4.    North America Silicones Market Forecast: Breakup by Type (MMT), 2024-2032
5.    North America Silicones Historical Market: Breakup by Application (MMT), 2018-2023
6.    North America Silicones Market Forecast: Breakup by Application (MMT), 2024-2032
7.    North America Silicones Historical Market: Breakup by Segment (MMT), 2018-2023
8.    North America Silicones Market Forecast: Breakup by Segment (MMT), 2024-2032
9.    North America Silicones Historical Market: Breakup by Country (MMT), 2018-2023
10.    North America Silicones Market Forecast: Breakup by Country (MMT), 2024-2032
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

Key Questions Answered in the Report

The North America silicones market is projected to grow at a CAGR of nearly 3.7% in the forecast period of 2024-2032.

The market is estimated to reach a volume of 572.20 KMT by 2032.   

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.

Analyst Review

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 2024-2032, growing at a CAGR of 3.7%. The industry is projected to reach a volume of 572.20 KMT 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 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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