Global Silicones Market Report Key Insights:
- Silicone Types - D5, Emulsion
- Feedstock – Silicon Metal, Methanol and Hydrochloric Acid
- Silicones Market Performance & Price Trends 2018
- Silicones Market Analysis & Outlook 2019-2024
- Silicones Market Trade Data Analysis
- Silicones Market Demand by Application & Region
- Capacity Addition & Plant Turnarounds
Global Silicones Market Outlook
Global Silicones Market attained a volume of more than 2.33 million metric tons backed by a strong demand in 2017. Silicones are most widely consumed as anti-foams in industrial processing of oil and gas, and paper and pulp.
The growth in the home and personal care sector as well as the automotive sector in the Asia-Pacific and Latin American regions has driven the demand for fluids, elastomers and resins leading to a growth of 5% between 2016 – 17 in the silicones market. The silicones market is further expected to reach a volume of over 3.3 million metric tons by 2024, registering a CAGR of nearly 5% during 2019-2024.
Global Silicones Market Analysis
Figure 1: Global Silicones Consumption by Region
Figure 2: Global Silicones Demand by Application (By Revenue)
Figure 3: Global Silicones Demand by Application
Industrial processes dominate the demand for silicones in the market attributing to more than one-third of the global demand for silicones. Asia Pacific has the largest market share in the global silicones market followed by Europe. Key industries such as industrial processes, building & construction, personal care & consumer products, transportation and electronics contribute to the growing demand for silicones in Asia Pacific. The largest share of revenue in the silicones industry is contributed by silicone elastomers led by the extensive demand from sectors such as electronics, healthcare and transportation.
Silicones: Properties and Applications
Silicones, also known as polysiloxane, are modern class synthetic polymers having a silicon-oxygen backbone. Due to their molecular structure, these oligomers can take a wide variety of physical forms which can range from semi-viscous pastes, greases and oils to water-thin liquids and solids. Some of the properties of silicones are:
- Water repellant
- Thermal & UV stability
Products manufactured with silicones are also aesthetically pleasing, longer lasting and easier to use. On account of these numerous beneficial properties, silicones are widely used in industrial processes, cosmetic products, construction, transportation, etc.
Silicone fluids are extensively used in various Home & Personal Care products owing to their versatility, biocompatibility, conditioning benefits, low surface tension and high permeability properties. The Home & Personal Care industry accounts for one-fifth of the global demand for silicones. This report focuses on the application of silicones as D5, emulsions in this sector, across North America, Europe, Asia-Pacific, Latin America, Middle-east and Africa. The demand for silicones in the HPC segment is anticipated to grow at an annual rate of 4% until 2024.
Silicones Market Price Trends
Silicone prices were at the highest levels in Q1 2017 fueled with rising raw material prices. In Southeast Asia, a marginal change of about 4% was observed between Q1 2017 – Q2 2017, a change of about 2% in Europe and about 9% in USA during the same period.
Silicone prices softened in the second half of 2018 led by the easier availability of raw materials due to relaxed environmental policy in China and decline in the raw material prices. A detailed market analysis including the price movement and regional market scenario of the silicone feedstock such as silicon metal, hydrochloric acid and methanol, is offered in the Silicones Market Report.
Key players mentioned in the report are:
- Elkem Silicones
- Dow Chemical Company
- Wacker Chemie AG
- Shin-Etsu Chemical Co., Ltd
- Ferroglobe PLC
- Momentive Performance Materials Inc.
- Evonik Industries AG
KBR received a contract for work on Methanex’s potential third methanol project at Geismar, Louisiana. The final investment would be made by 2019.
Ferroglobe completed the acquisition of a wholly-owned subsidiary of Glencore International AGof a 100% interest in Glencore's manganese alloys plants in Norway and France. The new subsidiaries will be renamed as Ferroglobe Mangan Norge and Ferroglobe Manganese France.
The Silicones Market Report presents detailed supplier analysis covering their capacities, market share and latest turn of events such as mergers and acquisitions, capacity expansions and plant turnarounds in the silicones industry.
EMR’s comprehensive report on Global Silicones Market also offers additional insights on value chain analysis, manufacturing process, trade data analysis and cost breakdown and margins.