Product Code: ETC127234 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Silicone Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 14.84% in 2027, following an initial rate of 13.86%, before easing to 14.18% at the end of the period.
India is one of the fastest-growing markets for silicone, both in terms of production and consumption. The India market has seen a significant increase in demand for silicone products due to its unique properties such as heat resistance, high electrical insulation, low toxicity levels and water repellence. In India, various applications that use silicones are consumer goods like kitchenware & cookware; automotive components; electronic items like mobile phones & laptops; medical devices and pharmaceuticals. The growing middle class population with higher disposable income coupled with increasing demand from industrial applications are driving the growth of the India silicone industry
1. Growing Demand from Automotive, Electronics and Healthcare Industries: The automotive industry is one of the major end-users for silicone products due to its high temperature stability and low flammability. In addition, silicone in medical devices such as catheters and tubes enhances their biocompatibility with human tissues. Electronic products like smartphones require a certain degree of waterproofing which can be achieved by using silicones. 2. Increase in Disposable Income Levels: With increased disposable income levels among India consumers, there has been an increase in demand for consumer goods such as phones, tablets and computers that come with silicone seals or gaskets to make them water-resistant. This has further pushed the demand for silicones in India market significantly over the past few years. 3. Government Support: Various government initiatives have been promoting the use of green materials like silicones instead of other petroleum based polymers which are not environment friendly resulting in growth of the silicone market across India.
1. High Cost Associated with Silicone Products: Silicone rubber is more expensive than traditional rubbers which may hinder its adoption rate amongst small scale manufacturers who cannot afford it easily. Moreover , since most applications require precision engineering , this further increases the overall cost associated with these rubber parts. 2. Technical Limitations : Silicone rubber also poses certain technical limitations when subjected to extreme temperatures making it unsuitable for some specific industrial uses. Also , cross linking reactions occurring during cure process produces residues that cause allergies sometimes if used without proper safety measures
Key Players : Leading players operating within India silicone market include Wacker Chemie AG (Germany), Dow Corning Corporation (USA) , Shinhae Elastomers Co., Ltd (South Korea), Momentive Performance Materials Inc., KCC Corporation (South Korea) among others
India Silicone |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Silicone Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Silicone Market Revenues & Volume, 2021 & 2031F |
3.3 India Silicone Market - Industry Life Cycle |
3.4 India Silicone Market - Porter's Five Forces |
3.5 India Silicone Market Revenues & Volume Share, By Products, 2021 & 2031F |
3.6 India Silicone Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 India Silicone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Silicone Market Trends |
6 India Silicone Market, By Types |
6.1 India Silicone Market, By Products |
6.1.1 Overview and Analysis |
6.1.2 India Silicone Market Revenues & Volume, By Products, 2018 - 2031F |
6.1.3 India Silicone Market Revenues & Volume, By Fluids, 2018 - 2031F |
6.1.4 India Silicone Market Revenues & Volume, By Gels, 2018 - 2031F |
6.1.5 India Silicone Market Revenues & Volume, By Resins, 2018 - 2031F |
6.1.6 India Silicone Market Revenues & Volume, By Elastomers, 2018 - 2031F |
6.1.7 India Silicone Market Revenues & Volume, By Others, 2018 - 2031F |
6.2 India Silicone Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 India Silicone Market Revenues & Volume, By Electronics, 2018 - 2031F |
6.2.3 India Silicone Market Revenues & Volume, By Transportation, 2018 - 2031F |
6.2.4 India Silicone Market Revenues & Volume, By Construction, 2018 - 2031F |
6.2.5 India Silicone Market Revenues & Volume, By Healthcare, 2018 - 2031F |
6.2.6 India Silicone Market Revenues & Volume, By Personal Care & Consumer goods, 2018 - 2031F |
6.2.7 India Silicone Market Revenues & Volume, By Energy, 2018 - 2031F |
6.2.8 India Silicone Market Revenues & Volume, By Others, 2018 - 2031F |
6.2.9 India Silicone Market Revenues & Volume, By Others, 2018 - 2031F |
7 India Silicone Market Import-Export Trade Statistics |
7.1 India Silicone Market Export to Major Countries |
7.2 India Silicone Market Imports from Major Countries |
8 India Silicone Market Key Performance Indicators |
9 India Silicone Market - Opportunity Assessment |
9.1 India Silicone Market Opportunity Assessment, By Products, 2021 & 2031F |
9.2 India Silicone Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 India Silicone Market - Competitive Landscape |
10.1 India Silicone Market Revenue Share, By Companies, 2024 |
10.2 India Silicone Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |