GITNUX MARKETDATA REPORT 2024
Silicones Industry Statistics
The global silicones industry is expected to continue growing steadily due to increasing demand from various end-use industries such as automotive, construction, and personal care.
In this post, we explore key statistics shaping the global silicones industry, from market size and growth projections to sector breakdowns and regional trends. With insights into market value, application segments, and future forecasts, we uncover the dynamic landscape of the silicones market and its impact across various industries.
Statistic 1
"The global silicones market size was valued at USD 14.5 billion in 2020."
Statistic 2
"It is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028."
Statistic 3
"Silicone fluids sector accounted for the largest share of over 45% in 2020."
Statistic 4
"Electrical & electronics application segment is expected to register the fastest CAGR of 4.4% from 2021 to 2028."
Statistic 5
"The Asia Pacific led the market and accounted for over 40% share of global revenue in 2020."
Statistic 6
"Silicones market is projected to reach USD 22.03 Billion by 2025, at a CAGR of 4.7% between 2020 and 2025."
Statistic 7
"Elastomers is projected to be the largest type of Silicones."
Statistic 8
"Building & Construction end-use industry segment leads the Silicones market."
Statistic 9
"Silicone products demand in North America is expected to exceed USD 4 billion by 2025."
Statistic 10
"The global silicone elastomers market is anticipated to reach USD 9.34 billion by 2025."
Statistic 11
"Silicone elastomers in automotive applications is projected to grow at a CAGR of 6.4%."
Statistic 12
"China has the largest market for silicone elastomers in the Asia Pacific region, accounting for more than half of the demand for silicone elastomers in this region."
Statistic 13
"Silicone surfactants segment is expected to register the fastest growth in the silicone additives market for plastics."
Statistic 14
"The silicone market is projected to grow at a robust pace, reaching nearly US$ 19 Billion in 2021."
Statistic 15
"Sales of silicones in healthcare industry are anticipated to hold about 9% of the market share by the end of 2021."
Statistic 16
"Close to two-fifth of the silicone sales globally are used in the manufacturing of rubber."
Statistic 17
"The usage of silicone in the automotive sector is projected to be worth more than US$ 2.5 Billion by end of 2021."
Statistic 18
"The demand for silicones in medical applications is projected to reach a CAGR of 5.7% during the forecast period."
Jannik Lindner
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