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Silicone resins is a type of silicone material that is formed by cage-like oligosiloxanes and branched with the formula RnSiXmOy. The Silicone resins produce films which has properties include heat resistance, dielectric properties and weatherability. It is used in end use industry include paints and coatings, construction where Silicone resins is used to improve safety, reliability, and durability.

Market Outlook

  • Among end-use industry, paint and coating segment held a significant market share in the global silicone resins market in 2017, owing to increasing demand for Silicone resins in coating industry. Physical properties of silicon resin such as heat resistance, flexibility, anti-corrosion, and electrical insulation propel demand for silicon resins in the paint and coating industry. For instance, according to the Coherent Market Insights’ analysis, the global paints and coatings market was valued at US$ 137.25 billion and 46,686.09 kilo tons in 2016, and is expected to expand at a CAGR of 5.6% in terms of revenue and 4.8% in terms of volume during 2017 – 2025.
  • North America held a significant position in the global silicone resins market in 2017 and this trend is expected to continue over the forecast period due to demand of silicon resin from end-use industry. In North America, demand for Silicone resins increased owing to benefits offered by silicone resins include heat resistance, thermal stability, increased weathering, electrical insulation binder driving the Silicone resins market in North America. Furthermore, key players are focusing on capacity expansion to build business in Silicone resins market at global level. For instance, In September 2018, The Dow Chemical Company announced the construction of new silicon resin plant to expand its global capacity and meet the increasing demand of the silicone in end use industries worldwide.

Silicone Resins Market Key Players

Key players operating in the global silicone resins market include, Wacker Chemie AGThe 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.

Market Taxonomy

On the basis of product type the global silicone resins market is segmented into:

  • Pure Silicone
  • Polyester Resin
  • Methyl-Silicone
  • Methyl/Phenyl-Silicone
  • Alkyd Resins
  • Epoxy Resins
  • Others (Polyacrylate Resins and Waterborne Silicone)

On the basis of end-use industry, the global silicone resins market is segmented into:

  • Building & Construction
  • Chemical
  • Paints and Coating
  • Personal Care
  • Electrical and Electronics
  • Automotive
  • Others (Healthcare, etc.)

On the basis of region, the global silicone resins market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa

Key Developments:

  • In October 2019, ALP Lighting Components expanded its injection molding facility at Niles, U.S. for optical silicone injection molding. Parts made from optical silicone are less susceptible to UV degradation and also provides high heat and impact resistance.
  • In September 2019, Sinicon Plastics Inc, a U.S. based silicone products manufacturer acquired Advance Machine & Tool Inc. for expansion of its metal and plastic machining capibilities.
  • In September 2019, U.S. based silicone products manufacturer - Specialty Manufacturing, Inc. (SMI) expanded its silicone business unit to meet the increasing demand for silicon products from its customers.
  • In September 2019, Petronas Chemical Group acquired the Dutch silicone manufacturer – Da Vinci Group allowing Petronas to diversify and expand its existing product portfolio. Along with silicones, the Da Vinci Group manufactures lube oil additives and other specialty chemicals.
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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users