Silicone Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Wacker-Chemie GmbH, CSL Silicones, Specialty Silicone Products Incorporated, Evonik Industries AG, Kaneka Corporation

The Business Research Company’s Silicone Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Silicone Global Market Report 2023 evaluates silicone market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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The global silicone market size will grow from $18.31 billion in 2022 to $20.75 billion in 2023 at a compound annual growth rate (CAGR) of 13.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global silicone market size is expected to grow from $38.18 billion in 2027 at a CAGR of 16.5%.

The silicone market segments in the report are:

Silicone Market By Product Type:




Other Product Types

Silicone Market By Application:



Electrical & Electronics


Personal Care & Pharmaceuticals

Silicone Market By End Userr:






Top Key Players

Wacker-Chemie GmbH

CSL Silicones

Specialty Silicone Products Incorporated

Evonik Industries AG

Kaneka Corporation

The Asia-Pacific was the largest region in the silicone market.

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The table of contents in TBRC’s silicone market report includes:

  1. Executive Summary
  2. Silicone market Characteristics
  3. Silicone Market – Macro Economic Scenario
  4. Silicone market Size And Growth
  5. Silicone market Segmentation.


  1. Silicone market Competitive Landscape And Company Profiles
  2. Key Mergers And Acquisitions In The Silicone market
  3. Silicone market Trends And Strategies
  4. Silicone market Future Outlook and Potential Analysis
  5. Appendix

List Of Tables

Table 1: Global Historic Market Growth, 2017-2022, $ Billion

Table 2: Global Forecast Market Growth, 2017-2022, 2027F, 2032F, $ Billion

Table 3: Global Silicone market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 4: Global Silicone market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 5: Global Silicone market, Segmentation By End Userr, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion


Table 27: Wacker-Chemie GmbH Financial Performance

Table 28: CSL Silicones Financial Performance

Table 29: Specialty Silicone Products Incorporated Financial Performance

Table 30: Evonik Industries AG Financial Performance

Table 31: Kaneka Corporation Financial Performance

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