US Silicones Market, Freedonia

  • March 2014
  • -
  • Freedonia
  • -
  • 280 pages

US demand to rise 4.7% annually through 2018

US demand for silicones is forecast to climb 4.7 percent annually to $4.3 billion in 2018, with volume rising 3.2 percent per year to 900 million pounds. This will be an acceleration from the performance of the 2008-2013 period, spurred by improving economic conditions, rising manufactured goods output, and a strong rebound in construction activity. Ongoing technological developments and continued product innovation will also promote advances, as such improvements will further enhance the performance of silicones in a variety of applications. However, opportunities will be limited by market maturity, as well as the increasing tendency among users to regard silicones more as commodities than as specialty materials, which will restrict suppliers’ ability to raise prices, thus restraining overall value gains.

Silicone elastomers to pass fluids as leading type

Fluids and elastomers represent the two leading silicone product types, together accounting for more than 85 percent of total market value in 2013. Elastomers are projected to achieve the most rapid gains, overtaking fluids as the leading product type by 2018. Growth will be propelled by their widespread use in the rebounding construction sector, along with expanding opportunities in the medical field. Demand will further benefit from the increasing utilization of liquid silicone rubber in electronics, machinery, and medical markets due to its ease of processing, flexibility, and ability to form high precision parts. Silicone resins are also predicted to achieve healthy gains, led by renewed strength in the construction industry, where they are primarily employed in paint and coatings. Opportunities for silicone gels will stem from their use as protective encapsulants in high growth applications such as solar cells and light emitting diodes (LEDs). Moreover, silicone gels are widely used as the basis for breast implant products and will continue to gained share at the expense of their saline-filled counterparts.

Construction, medical markets to be fastest growing

The industrial sector represents the leading outlet for silicones. Within this segment, the motor vehicle market will continue to offer strong opportunities for growth through 2018, despite a notable deceleration from the rapid gains achieved between 2008 and 2013, when domestic vehicle production rates rebounded from low levels. Advances will be promoted by automaker efforts to improve vehicle safety and fuel efficiency, as well as consumer preferences for quieter cabins. Among other outlets, the construction market is forecast to achieve the most rapid gains, expanding at a near double digit annual pace due to a substantial turnaround in building construction activity and greater use of high-performance silicone-based adhesives, sealants, and coatings. The medical market will continue to provide outsized gains, with the nation’s aging population driving demand for medical equipment and the ongoing technological development of new products expanding the range of applications for silicones in this field. More moderate growth is projected for consumer outlets, constrained by maturity in the cosmetic and toiletry and motor vehicle polish markets. Nevertheless, silicone emollients and conditioning agents will remain an important ingredient in a variety of personal care formulations due to their ability to significantly
enhance the performance attributes of these products.

Study coverage

This upcoming Freedonia industry study, Silicones, is priced at $5100. It presents historical demand data for 2003, 2008 and 2013, plus forecasts for 2018 and 2023 by product, market and application. It also considers key market environment factors, evaluates company market share and profiles 37 industry players such as Dow Corning, Momentive Performance Materials and Wacker Chemie.

Table Of Contents

INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Overview 5
Consumer Spending 9
Demographic Trends 12
Manufacturing Outlook 16
Historical Market Trends 20
Technology 22
Environmental and Regulatory Trends 26
Occupational Safety and Health Administration 26
Environmental Protection Agency 27
Food and Drug Administration 28
Pricing Trends 30
Foreign Trade 32
International Activity 36
III. PRODUCTS 39
General 39
Fluids 42
Applications 45
Markets 48
Elastomers 52
Applications 56
Markets 58
Resins 62
Applications 63
Markets 65
Gels 69
Other Silicone Products 73
IV. MARKETS 76
General 76
Industrial 79
Motor Vehicles 81
Industry Outlook 82
Silicone Demand 85
Electronics 89
Industry Outlook 90
Silicone Demand 94
Machinery 97
Industry Outlook 98
Silicone Demand 100
Aerospace and Other Transportation 103
Industry Outlook 104
Silicone Demand 106
Other Industrial 109
Electric Utilities 110
Plastic Processing 112
Pulp and Paper 113
Textile Products 115
Oil and Gas 117
All Other 117
Consumer 118
Cosmetics and Toiletries 120
Industry Outlook 121
Silicone Demand 124
Motor Vehicle Polishes 129
Other Consumer 132
Construction 134
Industry Outlook 135
Silicone Demand 138
Medical 141
Industry Outlook 142
Silicone Demand 144
Elastomeric Components 147
Adhesives 148
Implants 149
Other 153
V. APPLICATIONS 154
General 154
Vehicles and Binders 156
Adhesives, Sealants, and Caulks 157
Paints and Coatings 159
Other 161
Elastomeric Components 162
Lubricants and Greases 165
Surfactants 167
Emollients 170
Polishes 172
Defoamers 174
Conditioning Agents 178
Other Applications 180
VI. INDUSTRY STRUCTURE 183
General 183
Market Share 185
Competitive Strategies 190
Marketing Strategies 193
Channels of Distribution 194
Technology and Manufacturing 195
Research and Development 197
Company Profiles 198
Allergan Incorporated 199
Arlon Silicone Technologies, see Handy and Harman
Ashland Incorporated 201
Barry Controls Aerospace, see Total
Barry Controls Defense Industrial, see Total
BASF SE 203
Bellofram Silicones, see Marsh Bellofram Group
Bentec Medical Incorporated 205
Berkshire Hathaway Incorporated 207
Bluestar Silicones USA, see China National Bluestar
Group
Bostik, see Total
Caledonia Investments plc 209
Carboline, see RPM International
Chase Corporation 211
China National Bluestar Group Company Limited 213
Clariant International Limited 216
CRI-SIL Silicone Technologies LLC 217
CSL Silicones Incorporated 219
DAP Products, see RPM International
Dow Chemical Company 220
Dow Corning Corporation 222
Elkem, see China National Bluestar Group
Emerald Performance Materials LLC 226
Evonik Industries AG 228
Gelest Incorporated 231
Handy and Harman Limited 234
Henkel AG and Company KGaA 236
HumiSeal, see Chase
Hutchinson, see Total
Johnson and Johnson 238
Kaneka Corporation 239
KCC Corporation 240
Kemira Oyj 242
Lubrizol, see Berkshire Hathaway
Marsh Bellofram Group of Companies 244
Mentor Worldwide, see Johnson and Johnson
Milliken and Company 245
Momentive Performance Materials Holdings LLC 247
NuSil Technology LLC 251
Quantum Silicones, see Caledonia Investments
Rogers Corporation 254
RPM International Incorporated 256
Saint-Gobain 259
Sherwin-Williams Company 261
Shin-Etsu Chemical Company Limited 264
Sientra Incorporated 267
Silchem Silicone Chemicals Incorporated 268
Siovation, see Caledonia Investments
SiVance, see Milliken
Specialty Silicone Products Incorporated 270
3M Company 271
Total SA 275
Tremco Commercial Sealants and Waterproofing, see RPM
International
Wacker Chemie AG 277
Zhejiang Xinan Chemical Industrial Group Company
Limited 280

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 9
2 Personal Consumption Expenditures 12
3 Population and Households 16
4 Manufacturers’ Shipments 19
5 Silicone Market, 2003-2013 21
6 Silicone Pricing 32
7 Silicone Supply and Demand 34
SECTION III -- PRODUCTS
1 Silicone Demand by Product 41
2 Silicone Fluid Demand 44
3 Silicone Fluid Demand by Application 48
4 Silicone Fluid Demand by Market 51
5 Silicone Elastomer Demand 56
6 Silicone Elastomer Demand by Application 58
7 Silicone Elastomer Demand by Market 61
8 Silicone Resin Demand 63
9 Silicone Resin Demand by Application 65
10 Silicone Resin Demand by Market 68
11 Silicone Gel Demand 72
12 Other Silicone Product Demand by Type and Market 75
SECTION IV -- MARKETS
1 Silicone Demand by Market 78
2 Industrial Markets for Silicones 80
3 Motor Vehicle Indicators 85
4 Motor Vehicle Market for Silicones by Application 89
5 Electronic and Computer Product Shipments 93
6 Electronics Market for Silicones by Application 97
7 Machinery Shipments 100
8 Machinery Market for Silicones by Application 103
9 Aerospace and Other Transportation Equipment Shipments 106
10 Aerospace and Other Transportation Equipment Market
for Silicones by Application 109
11 Other Industrial Markets for Silicones 110
12 Consumer Markets for Silicones 119
13 Cosmetic and Toiletry Supply and Demand 123
14 Cosmetic and Toiletry Market for Silicones by Application 126
15 Motor Vehicle Polish Market for Silicones 131
16 Other Consumer Markets for Silicones 134
17 Construction Expenditures 138
18 Construction Market for Silicones 141
19 Medical Equipment and Supply Shipments 144
20 Medical Product Market for Silicones 146
SECTION V -- APPLICATIONS
1 Silicone Demand by Application 155
2 Silicone Vehicle and Binder Demand by Application 157
3 Silicone Elastomeric Component Demand by Application 164
4 Silicone Lubricant and Grease Demand by Application 167
5 Silicone Surfactant Demand by Market 170
6 Silicone Emollient Demand 172
7 Silicone Polish Demand by Market 174
8 Silicone Defoamer Demand by Market 178
9 Silicone Conditioning Agent Demand 180
10 Silicone Demand in Other Applications 182
SECTION VI -- INDUSTRY STRUCTURE
1 US Silicone Sales by Company, 2013 185
2 Selected Cooperative Agreements 192

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 Silicone Market, 2003-2013 22
2 Silicone Manufacturing Process Flow Chart 23
3 Silicone Exports by Destination, 2013 35
4 Silicone Imports by Source, 2013 35
5 World Silicone Demand, 2013 38
SECTION III -- PRODUCTS
1 Silicone Demand by Product, 2013 42
2 Silicone Fluid Demand by Market, 2013 52
3 Silicone Elastomer Demand by Market, 2013 62
4 Silicone Resin Demand by Market, 2013 69
SECTION IV -- MARKETS
1 Silicone Demand by Market, 2003-2023 79
2 Industrial Markets for Silicones, 2013 81
3 Consumer Markets for Silicones, 2013 120
SECTION V -- APPLICATIONS
1 Silicone Demand by Application, 2013 156
SECTION VI -- INDUSTRY STRUCTURE
1 US Silicone Market Share, 2013 186

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