Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

My Logins

All Customer Logins
S&P Global Commodity Insights
  • S&P Global
  • S&P Dow Jones Indices
  • S&P Global Market Intelligence
  • S&P Global Mobility
  • S&P Global Commodity Insights
  • S&P Global Ratings
  • S&P Global Sustainable1
Close
Discover more about S&P Global’s offerings.
Investor Relations
  • Investor Relations Overview
  • Presentations
  • Investor Fact Book
  • News Releases
  • Quarterly Earnings
  • SEC Filings & Reports
  • Executive Committee
  • Merger Information
  • Governance
  • Stock & Dividends
  • Shareholder Services
  • Contact
English
  • Español
  • 中文网站
  • Português
  • 한국어
  • हिंदी
  • English (Australia)
  • 日本語
Support
  • Get Support
  • System Notifications
  • Delivery Platforms
  • Regulatory Engagement
Login
  • Commodity Insights Login
  • Access IHS Markit Products
Register
  • Commodities
  • Products & Services
  • Methodology
  • Market Insights
  • Energy Transition
  • Events
  • S&P Global
  • S&P Dow Jones Indices
  • S&P Global Market Intelligence
  • S&P Global Mobility
  • S&P Global Commodity Insights
  • S&P Global Ratings
  • S&P Global Sustainable1
  • Oil Upstream LNG Natural Gas Electric Power Coal Shipping Petrochemicals Metals Agriculture
    Latest in Commodities
    Listen: The cost of wildfires and inflation on Canadian crude production

    Canada's crude production has been reduced in recent weeks by wildfires in Alberta, tightening price...

    US DOE buys 3 mil barrels of crude to refill SPR; issues notice to buy another 3 mil barrels

    The US Department of Energy June 9 said it has awarded contracts to purchase 3 million barrels of...

    Lack of funding 'problematic' for DOE's HALEU purchasing plan: NEI

    Lack of adequate funding for the US Department of Energy's HALEU Availability Program could make...

  • Oil LNG Natural Gas Electric Power Coal Shipping Petrochemicals Metals Agriculture Energy Transition
    I Need
    Advisory Solutions/Consulting Market Insights and Analytics Commodity Prices and Essential Market Data Real-Time News, Prices and Analysis Maps and Geospatial Data Forward Curves and Risk Valuation Data
    Data and Distribution
  • Our Methodology Methodology & Specifications Price Assessments Subscriber Notes Price Symbols Symbol Search & Directories Corrections Complaints
    References
    Market On Close Index Sourced Data (Survey) Methodology Review & Change MOC Participation Guidelines Holiday SEE ALL REFERENCE TOOLS
  • Latest News Headlines All Topics Videos Podcasts Special Reports Infographics Insights Magazine Insight Blog    Research & Analysis Top 250 Rankings   
    Latest in Market Insights
  • PLATTS ANALYTICS PRODUCT PLATFORM
    ACCESS ANALYTICS HUB
  • All Events Webinars Conferences Methodology Education Training and eLearning Forums Global Energy Awards    Global Metals Awards   
    Featured Events
    Forums Seoul Commodity Market Insights Forum
    • 20 Jun 2023
    • Seoul, Korea
    Forums APPEC 2023
    • 20 Jun 2023
    • Seoul, Korea
    Forums Navigating the Future: Energy Transition & Carbon Markets at APPEC
    • 20 Jun 2023
    • Seoul, Korea

Silicones

Chemical Economics Handbook

Published April 2023

Mainland China continues to be the largest consumer of silicones in the world. In 2002, mainland China accounted for only 7% of global consumption compared with the United States at 30% and Western Europe at 34%. In 2022, mainland China’s share of the global market increased to 45% from 36% in 2012, while the shares of the United States and Western Europe had declined to 16% (down from 17% in 2012) and 17% (down from 23% in 2012), respectively.

Silicones possess physical and chemical properties that allow their use in a multitude of applications. Silicones, or polysiloxanes, are versatile polymers consisting of an alternating silicon-oxygen backbone, typically with aliphatic or aromatic side groups. Silicones can be classified as fluids, elastomers or resins depending on their molecular weight, the extent of cross-linking, and the type and number of organic groups attached to the silicon atoms.

The following pie chart shows world consumption of silicones:

The overall global silicones annual growth rate is expected to be slightly over 4% during 2022–27. This growth is slightly higher than in previous years because of demand recovery and improving GDP growth globally, although silicones growth will continue to track with GDP. Furthermore, as the COVID-19 pandemic has subsided, demand in all sectors has gradually improved.

Mainland China’s silicones demand is still expected to grow strongly in the next few years. Strong growth is also expected to continue in Southeast Asia and India, with moderate growth in Other Northeast Asia (excluding mainland China and Japan) and the Middle East and Africa. Consumption in North America, Central and South America, Central and Eastern Europe, and Japan, are each expected to increase modestly, while Western Europe will experience more limited growth.

During 2022–27, global demand growth for silicone fluids, elastomers and resins are each expected to average 4-5% annually. For silicone fluids, cosmetics, toiletries, and medicinal/pharmaceutical preparations will be the main uses. Silicone elastomer consumption will be driven by demand from the construction and automotive industries. Silicone resins growth is also dependent primarily on the construction industry.

For more detailed information, see the table of contents, shown below.

S&P Global’s Chemical Economics Handbook –Siliconesis the comprehensive and trusted guide for anyone seeking information on this industry. This latest report details global and regional information, including

Key Benefits

S&P Global’s Chemical Economics Handbook –Silicones s has been compiled using primary interviews with key suppliers, organizations and leading representatives from the industry in combination with S&P Global’s unparalleled access to upstream and downstream market intelligence, expert insights into industry dynamics, trade and economics.

This report can help you:

  • Identify trends and driving forces influencing chemical markets
  • Forecast and plan for future demand
  • Understand the impact of competing materials
  • Identify and evaluate potential customers and competitors
  • Evaluate producers
  • Track changing prices and trade movements
  • Analyze the impact of feedstocks, regulations, and other factors on chemical profitability

Go to Customer Login

Email

Buy individual report now

Contact:
customercare@ihsmarkit.com

Find the chemical expertise you need

Contact a chemical expert or request a demo today.
Get started

View Report

Table of Contents

Section Page Number

Executive summary 6
Summary 7
Profiles of major world producers 12
Dow Silicones Corporation 12
WACKER Group 13
Elkem Silicones 15
Momentive Performance Materials Inc. 17
Shin-Etsu Chemical Company, Ltd. 18
Hoshine Silicone Group 20
Introduction 22
Silicone fluids 22
Silicone elastomers 24
Silicone resins 24
Manufacturing processes 25
Silicone fluids 25
Silicone elastomers 25
Silicone resins 27
Environmental issues 28
Supply and demand by region 30
North America 30
United States 30
Producing companies 30
Production 35
Consumption 35
Silicone fluids 36
Silicone elastomers 46
Silicone resins 51
Price 53
Trade 55
Canada and Mexico 57
Canada 57
Mexico 58
Central and South America 59
Producing companies 59
Consumption 60
Trade 60
Western Europe 61
Producing companies 61
Compounders and formulators 64
Production 65
Consumption 66
Silicone fluids 68
Silicone elastomers 71
Silicone resins 75
Price 76
Trade 78
Imports 78
Exports 79
Central and Eastern Europe 80
Producing companies 80
Production 80
Consumption 80
Trade 82
Middle East and Africa 84
Asia 85
Indian Subcontinent 86
Producing companies 86
Salient statistics 87
Consumption 87
Trade 89
Northeast Asia 90
Overview 90
Producing companies 90
Salient statistics 90
Consumption 90
Mainland China 91
Producing companies 91
Production 96
Consumption 97
Price 101
Trade 102
Japan 103
Producing companies 103
Production 104
Consumption 105
Price 109
Trade 110
Other Northeast Asia 112
Producing companies 112
Salient statistics 113
Consumption 113
Trade 115
Southeast Asia 116
Producing companies 116
Salient statistics 117
Consumption 118
Price 119
Trade 119
Indonesia 120
Malaysia 120
Thailand 120
Vietnam 121
Oceania 121
Producing companies 121
Salient statistics 122
Consumption 122
Additional resources 124
Revisions 126
Data Workbook 127

Products & Solutions from related industries

Chemical Image

Acetaldehyde - Chemical Economics Handbook (CEH)

Chemical Image

Acetic Anhydride - Chemical Economics Handbook (CEH)

Chemical Image

Acetic Acid - Chemical Economics Handbook (CEH)

Chemical Image

Acetone - Chemical Economics Handbook (CEH)

Chemical Image

Acetonitrile - Chemical Economics Handbook (CEH)

Chemical Image

Acetylene - Chemical Economics Handbook (CEH)

Chemical Image

Acrylamide - Chemical Economics Handbook (CEH)

Chemical Image

Acrylic Acid, Acrylate Esters and Polymers - Chemical Economics Handbook (CEH)

Chemical Image

Acrylic and Modacrylic Fibers - Chemical Economics Handbook (CEH)

Chemical Image

Acrylic Surface Coatings - Chemical Economics Handbook (CEH)

Chemical Image

Acrylonitrile-Butadiene-Styrene (ABS) Resins -Chemical Economics Handbook-CEHl Economics Handbook (CEH)

Chemical Image

Acrylonitrile - Chemical Economics Handbook (CEH)

Chemical Image

Adipic Acid - Chemical Economics Handbook (CEH)

Chemical Image

Activated Carbon - Chemical Economics Handbook (CEH)

Chemical Image

Air Separation Gases - Chemical Economics Handbook (CEH)

Chemical Image

Alkyd/Polyester Surface Coatings - Chemical Economics Handbook (CEH)

Chemical Image

Alkyl Acetates - Chemical Economics Handbook (CEH)

Chemical Image

Alkylamines (C1-C6) - Chemical Economics Handbook (CEH)

{"items" : [ {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fsilicones-chemical-economics-handbook.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fsilicones-chemical-economics-handbook.html&text=Silicones+-+Chemical+Economics+Handbook+(CEH)+%7c+S%26P+Global","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fsilicones-chemical-economics-handbook.html","enabled":true},{"name":"email","url":"?subject=Silicones - Chemical Economics Handbook (CEH) | S&P Global&body=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fsilicones-chemical-economics-handbook.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Silicones+-+Chemical+Economics+Handbook+(CEH)+%7c+S%26P+Global http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fsilicones-chemical-economics-handbook.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}
Filter Sort
  • About S&P Global Commodity Insights
  • Media Center
  • Advertisers
  • Locations
  • Get Support
  • Contact Us
  • Careers
  • Corporate Responsibility
  • History
  • Investor Relations
  • Leadership
  • Glossary
  • © 2023 by S&P Global Inc. All rights reserved.
  • Terms of Use
  • Do Not Sell My Personal Information
  • Privacy Policy & Cookie Notice
  • Site Map