Market Reports | Product Report

Silicone Resins Market worth $6.3 billion by 2026 – At a CAGR of 5.5%

Published: October 30, 2023
Author: TEXTILE VALUE CHAIN
According to a new market research report, the Silicone Resins Market by Type (Methyl, Methyl Phenyl), Application, End-Use Industry (Automotive & Transportation, Building & Construction, Electrical & Electronics, Healthcare, Industrial) and Region – Global Forecast to 2026″, size is expected to grow from USD 4.8 billion in 2021 to USD 6.3 billion by 2026, at a CAGR of 5.5% during the forecast period. The driving factors for the silicone resins market is increased involvement of silicone resins in the industrial segment, and the building & construction, automotive & transportation, and electronic industries in emerging economies. This driving factor is boosting the demand for silicone resins industries.

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  • 215 Market data Tables
  • 43 Figures
  • 220 Pages and in-depth TOC on “Silicone Resins Market – Global Forecast to 2026″

This report also provides a comprehensive analysis of the companies listed below:

The Dow Chemical Company (US), Evonik Industry AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Kaneka Corporation (Japan) and Wacker Chemie AG (Germany)

These companies adopted new product launch, expansion, agreements & contracts and merger & acquisition, as their key growth strategies between 2016 and 2021 to earn a competitive advantage in the silicone resins market.

The driving factors for the silicone resins market is growing demand from industrial, automotive & transportation and building & construction is boosting the demand for silicone resins industries. Increasing demand from APAC will further drive the growth of the global silicone resins market.

The Dow Chemical Company is the largest player in the market. The Dow Chemical Company is one of the leading names in chemical market and provides extensive range of products in Silicone resins market for automotive & transportation, building & construction, electronics, industrial and healthcare sector especially. The company has good financial backgrounds and geographical presence with 113 manufacturing sites in 31 countries.

Evonik Industry AG is the second-largest player of the silicone resins market, globally. The company is one of the leading chemical company and manufactures products in the field of Silicone, polymer, life sciences and polySilicone markets for all key global industries. In March 2018, the company opened a new laboratory in the Moscow Technical Center, for adhesives and sealants, in Russia to increase its research and development capacity as well as have more innovations in silicone resins market.

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