Report Update: Apr 2, 2024

World - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

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Silicone market

Silicone market: read the latest datasets enhanced by an Ai-driven market research tool. Data cover exports, production, consumption, market size, companies, market prices, imports, and trade. There is a split by region, including the U.S., Africa, EU, Latin America, the U.K., Russia, China, and the Middle East. Market dynamics and outlook to 2030 are also featured in the dashboards.

Silicone - World's Largest Markets

Rating	Country
1	Germany
2	China
3	South Korea
4	Japan
5	United States

In value terms, the largest silicone markets worldwide were Germany, China and South Korea, together comprising 45% of the global market.

Germany recorded the highest growth rate of market size, among the main consuming countries over the period under review, while silicone market for the other global leaders experienced more modest paces of growth.

Silicone Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Thailand	3682	3640	2789	-13.0%
China	4071	3374	2971	-14.6%
United Kingdom	3485	3772	3052	-6.4%
Belgium	5184	5181	5104	-0.8%
United States	8358	7821	7416	-5.8%
Netherlands	7559	7487	7945	2.5%
Japan	10062	11045	8091	-10.3%
Average	5661	5493	5090	-5.2%

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($8,091 per ton), while Thailand ($2,789 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
France	6377	6905	6415	0.3%
United Kingdom	7387	7761	6178	-8.5%
Netherlands	5896	5605	5970	0.6%
China	6874	6134	5778	-8.3%
United States	6249	6494	5749	-4.1%
Italy	6141	5820	5488	-5.5%
Germany	5780	5758	5351	-3.8%
Brazil	4873	4644	4165	-7.5%
Spain	4815	4992	4011	-8.7%
South Korea	4110	4504	3831	-3.5%
Turkey	4753	4169	3580	-13.2%
Belgium	3630	3747	3306	-4.6%
India	3774	3424	3148	-8.7%
Average	5518	5475	4988	-4.9%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($6,415 per ton), while India ($3,148 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced mixed trends in the import price figures.

Silicone - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	0.8	0.8	0.8	-0.3%
United States	0.7	0.6	0.6	-11.1%
Belgium	0.4	0.2	0.6	20.1%
Netherlands	0.3	0.3	0.5	27.4%
South Korea	0.5	0.5	0.4	-7.6%

In value terms, the largest silicone importing markets worldwide were China ($789M), the United States ($559M) and Belgium ($553M), together accounting for 26% of global imports. The Netherlands, South Korea, Germany, Italy, the UK, France, India, Brazil, Turkey and Spain lagged somewhat behind, together accounting for a further 38%.

Spain (+82.2% per year) recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Silicone - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	1.3	1.3	1.1	-6.6%
China	1.1	0.8	0.7	-19.0%
Japan	1	0.9	0.7	-15.0%
Belgium	0.3	0.2	0.5	22.1%
Netherlands	0.2	0.2	0.5	38.5%

In value terms, the United States ($1.1B), China ($723M) and Japan ($719M) constituted the countries with the highest levels of exports in 2020, together accounting for 48% of global exports. Belgium, the Netherlands, the UK and Thailand lagged somewhat behind, together accounting for a further 30%.

Among the main exporting countries, the Netherlands recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Silicone - Market Forecast

Driven by increasing demand for silicone worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Silicone - Top Companies

JSR CORPORATION, ZEON CORPORATION, China Hainan Rubber Industry Group Co., Ltd., Shanghai Weizhong Automobile Rubber & Plastic Fittings Factory, HALDIA PETROCHEMICALS LIMITED, TSRC CORPORATION, Kukdo Chemical Co., Ltd., Snf Holding Company, LTI Holdings, Inc., Hangzhou First Applied Material Co., Ltd., Kraton Polymers Nederland B.V., Arlanxeo Brasil S/A, SYNTHOS DWORY 7 SP Z O O SPÓLKA JAWNA, Synthomer Deutschland GmbH, Gates Europe BVBA, SIAM SYNTHETIC LATEX COMPANY LIMITED, Kumho Polychem Co., Ltd., NANTEX INDUSTRY CO., LTD., Kyungshin Cable Co., Ltd., ZHONGCE RUBBER (THAILAND) COMPANY LIMITED

Silicone - Product Coverage

HS 3910 - Silicones in primary forms

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global silicone market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20165700 - Silicones, in primary forms

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023