Expert Market Research’s new report titled ‘Europe Silicones Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, provides an in-depth analysis of the Size of the silicone market in Europeassessing the market based on its segments such as type, application, segment, and regional markets, among others.
The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
• Forecast market size (2026): 1.1 million metric tons
Silicones are widely used as defoamers in the oil and gas, pulp and paper, and other industries. Silicones are used as coatings, sealants and adhesives in the solar energy industry, and they make up about 90% of solar panels. It is also used to produce lightweight components for cars and other vehicles, which improve fuel economy and reduce emissions.
Silicones are used to make medical equipment such as pacemakers and insulin pumps, as well as prosthetics and artificial joints in the medical and healthcare industries.
Industry definition and major segments
Silicones are polymers made up of silicon and oxygen atoms in repeating siloxane units or chains. Due to its molecular structure, it has properties such as water resistance, tensile strength, high binding capacity and transparency, among others. Due to the strong interaction between oxygen and silicon atoms, it is well suited for high temperature and high voltage power generation applications.
Silicone grease is also often used in the flange connections of gas-insulated switchgear. Silicone grease is a semi-fluid consisting of a thickening agent suspended in a lubricating liquid. It protects against corrosion and SF6 gas leakage accordingly.
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On the basis of Type, the Europe Silicones market is segmented into:
On the basis of applications, the European silicones market is classified as follows:
• Electronic and electrical sector
• Pulp and paper
• Home care and personal care
• Transport and automotive
• Health care
On the basis of Segment, the Europe Silicones market is split into:
Major Regional Markets of Europe Silicones Market are:
Growing demand for cosmetic implants in the healthcare sector, as well as use in wind turbines and solar panels in the renewable energy sector, is driving the silicones market in Europe. Silicones are widely used in the transportation, construction, electronics, personal care and medical industries.
The growth of the medical segment would be fueled by an increased use of liquid silicone rubber. Germany and France are the main industrial centers of silicones in the region, while other European states import silicones either from these two countries or from outside Europe. Silicones are exported from Africa to Asia-Pacific, Latin America and the Middle East due to a supply surplus on the continent.
Exports from Europe to countries such as China and Korea could however decrease in the years to come with the development of the silicone market in Asia. Due to the growth of the transportation and cosmetics industries, Europe imports specialty silicone formulations from the United States.
Since a large number of automotive component manufacturers have factories in Germany, the country has the highest demand for silicones for automotive applications. Germany is also adjacent to Poland, which has the largest car market in Europe.
Main market players
The major market players are Elkem Silicones, Dow Chemical Company, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd, Momentive Performance Materials Inc., Evonik Industries AG, among others.
The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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