Global Silicones and Siloxanes Market Size, Share, and COVID-19 Impact Analysis, By Type (Elastomers, Fluids, Resins, and Gels), By Application (Industrial Applications, Construction Materials, Home and Personal Care, Transportation, Energy, Healthcare, Electronics, and Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035

Global Silicones and Siloxanes Market Insights Forecasts to 2035

• The Global Silicones and Siloxanes Market Size Was Estimated at USD 24.4 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.02% from 2025 to 2035
• The Worldwide Silicones and Siloxanes Market Size is Expected to Reach USD 41.8 Billion by 2035
• Asia-Pacific is expected to grow the fastest during the forecast period.

According to a research report published by Spherical Insights and Consulting, The Global Silicones and Siloxanes Market Size was worth around USD 24.4 Billion in 2024 and is predicted to Grow to around USD 41.8 Billion by 2035 with a compound annual growth rate (CAGR) of 5.02% from 2025 to 2035. Demand from EVs, renewable energy, medical devices, construction sealants, electronics miniaturization, and global sustainable, bio-based silicone innovations are some of the emerging factors that will shape the future of the silicon and siloxanes market worldwide.

Market Overview

The Global Silicones and Siloxanes Market Size encompasses an industry which is engaged in the manufacture and sale of silicon-based polymers made of siloxane chains, characterized by their flexibility, thermal stability, and resistance to chemicals. Such materials find extensive applications in the construction, automotive, electronics, healthcare, personal care, and industrial manufacturing sectors. The market has been growing mainly because of the augmented requirement for lightweight, durable, and high-performing materials, especially in the electric vehicle, renewable energy, and medical fields. Besides, the ongoing innovations in electronics miniaturization and the expansion of infrastructures are helping to create more demand for such materials. Moreover, the increase in the emphasis on sustainable and bio-based silicone solutions is influencing the product innovation direction. Conversely, the market is also faced with challenges such as fluctuations in raw material prices and strict environmental regulations. All in all, the silicones and siloxanes market is exhibiting a slow but steady global growth which is being facilitated by technological innovations and the different applications in end-usages.

Report Coverage

This research report categorizes the silicones and siloxanes market size based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the silicones and siloxanes market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the silicones and siloxanes market. 

Driving Factors

Silicones (siloxanes) are having a good interaction with humans and thus are incorporated into the cutting-edge treatment, health care and nursing methods. Alkylsiloxanes, particularly the dimethylsiloxanes, are mainly used in emulsions, antifoams and pastes due to their low surface tension, high surface activity, good spreading power, chemical inertness and thermal stability. Liquid silicone is used often as a lubricant, while waterproof sealant mainly used in bathrooms and window fittings, and solid silicone rubber has a great variety of applications from baking cakes to internal sanitary protection.

Restraining Factors

The silicones and Siloxanes Market Size has to deal with the problems of unstable raw material prices, high production costs, strict environmental regulations, complicated manufacturing processes, and increasing worries about the recycling, disposal, and overall environmental impact of silicone-based products.

Market Segmentation

The silicones and siloxanes market share is classified into type and application.

• The elastomers segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.           

Based on the type, the silicones and siloxanes market is divided into elastomers, fluids, resins, and gels. Among these, the elastomers segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The segment is experiencing an increase in demand related to automotive, construction, electronics, and healthcare sectors. Silicone elastomers, together with their exceptional flexibility, heat resistance, durability, and sealing performance, are gaining popularity as the best materials for gaskets, seals, medical devices, and electric vehicle components; hence, they are contributing significantly to the development of this market.    

• The industrial applications segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.     

Based on the application, the silicones and siloxanes market is divided into industrial applications, construction materials, home and personal care, transportation, energy, healthcare, electronics, and others. Among these, the industrial applications segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. The growing segment is mainly attributed to the increased manufacturing activities, widespread application of silicones in the mentioned products like adhesives, sealants, and lubricants, and the rising need for superior, heat-resistant, and chemically stable materials in the automotive, electronics, and heavy industrial processes sectors.    

Regional Segment Analysis of the Silicones and Siloxanes Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the Silicones and Siloxanes market over the predicted timeframe.

North America is anticipated to hold the largest share of the silicones and siloxanes market over the predicted timeframe. The aforementioned factors comprised along with automotive, healthcare, construction, and electronics industries setting high demand, advanced manufacturing capabilities, a big use of innovative materials, the presence of significant market players, and continuous investments in research and development and the sustainable silicone technologies.

Asia-Pacific is expected to grow at a rapid CAGR in the silicones and siloxanes market during the forecast period. The demand for natural rubber will be global and will be supported by the following factors: the fast-paced industrialization, the thriving construction and automotive sectors, the rising electronics manufacturing and healthcare sector, the infrastructure investments which are coming up, and the strong production capabilities of China, India, and Southeast Asian economies.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the silicones and siloxanes market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Dow Inc.
• Elkem ASA
• Evonik Industries AG
• Gelest Inc. (Mitsubishi Chemical Group)
• Hoshine Silicon Industry Co., Ltd.
• Momentive Performance Materials Inc. (KCC Corporation)
• Rogers Corporation
• Shin-Etsu Chemical Co., Ltd.
• Siltech Corporation
• Specialty Silicone Products, Inc.
• Wacker Chemie AG
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In January 2025, KCC Silicone Corporation (a subsidiary of KCC Corporation) launched a new product, i.e., SeraSense AG 21 (a silicone fluid)

• In December 2024, KCC Silicone Corporation (a subsidiary of KCC Corporation) had entered into a strategic collaboration in the field of cosmetic raw material research and development with Kolmar Wuxi, a Chinese subsidiary of Korea Kolmar.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the silicones and siloxanes market based on the below-mentioned segments: 

Global Silicones and Siloxanes Market, By Type

• Elastomers
• Fluids
• Resins
• Gels

Global Silicones and Siloxanes Market, By Application

• Industrial Applications
• Construction Materials
• Home and Personal Care
• Transportation
• Energy
• Healthcare
• Electronics
• Others

Global Silicones and Siloxanes Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa