The silicon resin market is projected to grow at a considerable CAGR of around 6% during the forecast period (2020-2026). Silicone materials combine the properties of organic and inorganic materials, exhibiting many unique physical and chemical features, such as thermal stability, weathering resistance, low surface tension, maintaining elasticity at low temperatures, hydrophobicity, and surface activity. The growing application of silicon resins in different industries such as electronic, automobile, chemical, and cosmetic industries owing to its unique characteristics is driving the growth of the silicon resin market across the globe. The aesthetic properties make these versatile materials improve the performance of many cosmetics, sunscreens and skin treatment products. These resins are used to deliver pigments and other particles to the skin by enhancing the protection by sunscreens and improve the stability of antiaging ingredients. Therefore, the growing demand for the cosmetic industry by a growing population is anticipated to drive the growth of the global market.

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Growing manufacturers and consumer awareness with regard to the importance of green chemicals and adverse effects of volatile organic compound (VOC) emissions along with the presence of stringent government regulations towards effects of VOC on the environment has led to the increasing demand for the silicon resins, which in turn driving the silicon resin market across the globe. The key players of the market are developing several techniques for the modification of the resin intermediates to make them more productive. The continuous innovation in production activities is anticipated to offer significant opportunities for the growth of the silicon market across the globe. However, the high cost of silicon resins in comparison to other elastomers including natural rubber and the availability of other low-cost alternatives may restrain the growth of the silicon resin market across the globe.

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Global Silicon Resin Market Segmentation

By Application

Building & Construction

Personal Care & Cosmetics

Electrical & Electronics

Automotive

Others (Textile)

Regional Analysis

North America

US

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

AB Specialty Silicones, LLC

BRB International B.V.

Elkem ASA

Evonik Industries AG

Genesee Polymers Corp.

Hubei Jia Yun chemical technology Co., Ltd.

Hubei Xinsihai Chemical Engineering Co., Ltd.

Iota Silicone Oil (Anhui) Co., Ltd.

Jiang Xi Xin Jia Yi New Materials Co., Ltd.

Kaneka Corp.

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