Product Code: ETC127234 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India silicone market import shipments demonstrated a strong compound annual growth rate of 17.6% from 2020 to 2024. The growth rate between 2023 and 2024 slightly decreased to 13.4%, indicating a steady expansion trend with a slight moderation in growth momentum.
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 |
4.2.1 Increasing demand for silicone in various industries such as automotive, construction, electronics, and healthcare due to its properties like heat resistance, flexibility, and durability. |
4.2.2 Growing awareness about the benefits of silicone in terms of energy efficiency, sustainability, and environmental friendliness. |
4.2.3 Technological advancements leading to the development of innovative silicone products with enhanced performance and properties. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices, particularly for key ingredients used in silicone production, impacting the overall cost and profitability of silicone manufacturers. |
4.3.2 Intense competition among market players leading to pricing pressures and margin erosion. |
4.3.3 Stringent regulations and standards related to the usage of silicone in certain applications, which can limit market expansion and innovation. |
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, 2021-2031F |
6.1.3 India Silicone Market Revenues & Volume, By Fluids, 2021-2031F |
6.1.4 India Silicone Market Revenues & Volume, By Gels, 2021-2031F |
6.1.5 India Silicone Market Revenues & Volume, By Resins, 2021-2031F |
6.1.6 India Silicone Market Revenues & Volume, By Elastomers, 2021-2031F |
6.1.7 India Silicone Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Silicone Market, By End-Use |
6.2.1 Overview and Analysis |
6.2.2 India Silicone Market Revenues & Volume, By Electronics, 2021-2031F |
6.2.3 India Silicone Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.4 India Silicone Market Revenues & Volume, By Construction, 2021-2031F |
6.2.5 India Silicone Market Revenues & Volume, By Healthcare, 2021-2031F |
6.2.6 India Silicone Market Revenues & Volume, By Personal Care & Consumer goods, 2021-2031F |
6.2.7 India Silicone Market Revenues & Volume, By Energy, 2021-2031F |
6.2.8 India Silicone Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 India Silicone Market Revenues & Volume, By Others, 2021-2031F |
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 |
8.1 Research and development investment in new silicone technologies and products. |
8.2 Number of patents filed for silicone-related innovations. |
8.3 Adoption rate of silicone in emerging industries or applications. |
8.4 Percentage of revenue derived from new silicone product launches. |
8.5 Customer satisfaction and loyalty metrics related to silicone product performance and quality. |
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 |