Specialty Silicone Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2801
Global specialty silicone market size is poised to grow with increased demand from healthcare, textiles and construction sectors. Specialty silicones are widely tested for bio-compatibility, feeding tubes, respiratory masks, syringe pistons and breast implants. The compounds are administrated by watchdogs such as the Center for Food Safety and Nutrition (CFSAN), Center for Devices and Radiological Health (CDRH)and Center for Drug Evaluation and Research (CDER).
The rise in manufacturing and industrial output will drive the demand for specialty silicones globally. Silicone solutions will be used for a range of specialty medical devices, antifoams and anti-flatulent active pharmaceutical ingredients. Based on type, the antifoam/defoaming agents segment will expand at a healthy growth rate through 2027 as the compounded is needed to prevent foam formation. Silicone foam control solutions are used to enhance process efficiency, safety, quality, reduce scrap rate and improve productivity. Industrial processing sectors such as textile making, pulp & paper manufacturing, plastic recycling and chemical processing will contribute to the growth of silicone foam control solutions.
With respect to end-user, the construction industry is likely to be the major consumer of specialty silicone. The solution will be used in the construction and renovation of residential and commercial buildings, including energy-efficient architecture and glass-walled skyscrapers. Moreover, silicone compounds are used in a range of interior and exterior applications to provide a robust and reliable solution to serve the demands of the evolving infrastructure sector.
The global specialty silicone market size from the healthcare end-use segment is poised to account for a significant share over 2021-2027. Increased demand for medical equipment such as catheters, condoms, feeding tubes, menstrual cups, non-stick containers and respiratory masks will encourage vendors to invest in silicone products. Notably, silicone elastomers will be sought to help medical manufacturers to produce comfortable and strong orthopedic devices and flexible medical tubing.
In terms of regional landscape, the North America specialty silicone market outlook will be robust during the forecast period. The U.S. market is likely to be the major recipient of specialty silicone formulations, including antimicrobial elastomers and radio-opaque materials that leverage x-ray detection. Besides, its use in the aviation sector to resist temperature extremes, stress and protect doors and wings will gain prominence.
The Asia Pacific will emerge as a lucrative market for specialty silicone suppliers across the coming years. The use of silicone formulations in skin whitening products and other personal care products such as deodorants and antiperspirants will be noticeable. Emerging economies such as China and India are poised to exhibit increased demand for personal care products with the rising prominence of shampoos, cosmetics and conditioners across the region.
Major vendors in the global specialty silicone industry are Evonik Industries, AB Specialty Silicones, Trelleborg Sealing, Wynca Group, Momentive Performance Materials, Dow Corning Corp., Quantum Silicones LLC, NUSIL and KCC Basildon and Siltech, among others. The competitive landscape indicates a strategic approach shifting towards mergers and acquisitions, partnerships, collaboration and product launches.
Momentive, for instance, is contemplating expansion of silicone production for electronics in Waterford, while it is shutting down silicone raw material plant to focus on specialties. Meanwhile, Dow is investing in new silicone solutions for the assembly and design of e-mobility applications.
Specialty silicone market response to the COVID-19 pandemic
The global specialty silicone industry is facing a slew of challenges as it deals with the impact of the coronavirus. While silicones have gained popularity in the automotive and printed circuit board (PCB) applications, COVID-19-induced travel restrictions and lockdowns impacted the automotive industry massively in the first half of 2020 in most parts of the world. For instance, the IEA had projected the passenger car market to contract by 15% over the year based on car sales data during January to April 2020.
An increased demand for the supply of medical devices and other healthcare materials will encourage leading companies to boost the production of specialty silicones. The compounds are key ingredients in many medical and cosmetic products, which have seen consistent demand during the COVID-19 pandemic.
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