Silicone Resins Market Report 2023-2030 : Recent Study Including Regional Analysis, Applications, Growth Factors And Key Players

 

Silicone resins have many excellent heat resistant properties, and have been in use since the 1950's. They are excellent heat insulators and excellent insulators of heat, so they have great thermal and mechanical properties. With excellent dielectric properties, their many physical and chemical properties make them suitable for use as lubricants in many applications. The ability to form a wide range of sealants, and the ease with which they can be removed to make them suitable for use in many high-risk applications.

There are many types of Silicone Hydrogel Resins including; Silicone Hydrogel Insulation (SHI), Silicone Diaphragm Resins (SDRI), Silicone Elastomeric Resins (SEGR), Silicone Elastomeric Membrane (SEM), and Silicone Sebum Resins (SSER). All of these varieties are suitable for a variety of situations, which include barrier protection against heat, friction, abrasion resistance, and thermo-physical properties. All are excellent at providing excellent heat resistance properties and at improving thermal performance. In addition, all have excellent resistance to most chemicals and other contaminants.

Market Dynamics

Significant growth in the paints and coatings industry is expected to propel growth of the silicone resins market. For instance, according to American Coatings Association, the production of paints and coatings in the U.S. was pegged at 1.35 billion gallons in 2019, registering a value of US$ 25.7 billion, compared to 1.33 billion gallons valued at US$ 24.9 billion in 2018.

Among end-use industries, the personal care segment is expected to witness significant growth in the silicone resins market, owing to increasing personal care expenditure. For instance, according to the U.S. Bureau of Labor Statistics, average annual expenditure on personal care products in the U.S. increased from US$ 707 in 2016 to US$ 768 in 2018.

The building & construction segment is also expected to witness significant growth in the silicone resins market, owing to increasing number of housing units. For instance, according to the U.S. Census Bureau, from 2000 to 2018, the U.S. population increased by 16.3%, while the number of housing units increased by 19.5%.

The automotive segment is expected to witness decline in the silicone resins market, owing to decrease in sales of automobiles. For instance, according to the Society of Motor Manufacturers and Traders, the new car registrations in the U.K. decreased by 44% in March 2020 compared that in March 2019.

Competitive Analysis 

Major players operating in the silicone resins market include, Wacker Chemie AG, The Dow Chemical Company, Shin-etsu Chemical Co. Ltd., Evonik Tego Chemie, GmbH, Bluestar Silicones, Kaneka Corporations, Momentive performance materials holdings Inc., Adhis S.A.S, BRB International BV, and Siltech Corportion.

July 2020: Wacker Chemie AG launched new brand - silicones for household products and sanitary paper are now sold under the name LIOSIL.