Global Silicone Resins Market Is Forecast To Surpass US$ 1.5 Billion By 2032

Chemical & Materials

The global silicone resins market is estimated at US$ 906.8 million in 2022 and is forecast to surpass US$ 1.5 billion by 2032, progressing at a steady CAGR of 5.1% from 2022 to 2032.

Demand for liquid silicone resins is expected to increase a CAGR of 5.5% over the forecast period and reach a market size of US$ 783 million by the end of 2032.

Silicone resins are the high silicone-oxygen bond energy made up of highly crosslinked networks, which makes them stable in rough environments. UV and thermal resistance make silicone resins useful for protective coatings in different environments.

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Segmentation of Silicone Resins Industry Survey

  • Silicone Resins Market by Type :

    • Pure Silicone Resins
      • Methyl
      • Methyl Phenyl
      • Propyl Phenyl
    • Modified Silicone Resins
      • Polyester
      • Alkyd
      • Epoxy
  • Silicone Resins Market by Function :

    • Binding Agents
    • Impregnating Agents
    • Hydrophobic Agents
    • Release Agents
    • Modifiers
  • Silicone Resins Market by Form :

    • Powder Silicone Resins
    • Liquid/Solvent Silicone Resins
    • Flaked Silicone Resins
  • Silicone Resins Market by Application :

    • Coating Systems
      • High Temperature Coatings
      • Anti-Corrosion Coatings
      • Other Industrial Coatings
    • Fabric Processing
    • Polymer Modification
    • Semicon Chips Processing
    • Flame Retardant Applications
    • Others
  • Silicone Resins Market by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

Competitive Landscape

Dow Chemicals, Elkem Silicones, Evonik, KCC Corporation, Shin Etsu, Kaneka, Wacker, Innospec Inc., Iota Silicone Oil (Anhui) Co. Ltd., and Siltech Corporation are key manufacturers of silicone resins.

Market players are opting for a mix of organic and inorganic growth strategies, such as innovation and collaborations, to increase their share in the market.

  • Evonik, through its patent strategy, safeguards novel products and procedures. The patent portfolio’s worth and calibre have progressively risen in recent years.
  • Elkem Corporation, (1Q 2021) announced the acquisition of a new plant in Lyon, France, for specialized silicone production.

Fact.MR has provided detailed information about the overall strategies adopted by players in the silicone resins market, along with their detailed overviews, including SWOT analysis and revenue generated by silicone resin manufacturers positioned across geographies, in addition to providing silicone resin sales growth information, production capacity, and speculative production expansion, in the recently published report.

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