During the second quarter of 2024, the silicone rubber prices in the United States reached 9463 USD/MT in June. The market for USA saw a noticeable price increase due to growing energy and output costs, alongside strong the need from the vehicle and building sectors. Despite Boeing’s distribution issues, stable inventory and robust sector performance supported the overall favorable pricing trend.

Get the latest insights on price movement and trend analysis of Silicone in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Silicone Rubber Price Change in July 2025? The Spot Price for silicone rubber in North America fell by approximately 2.0% Q-o-Q in Q2 2025, as reflected in a softer Price Index.

Get the latest insights on price movement and trend analysis of Silicon in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In 2024, the average price of ferrosilicon with 75 percent silicon content came to *** U.S. cents per pound, and silicon metal prices averaged 180 U.S. cents per pound. Silicon alloys and metals are important in various industries. Ferrosilicon is commonly used in ferrous foundries and steel industries, whereas silicon metal is often used for aluminum, aluminum alloys, and the chemical industry. Silicon is also often used for semiconductors in solar panels, computer chips, and as a part of the automotive industry. Silicon facts Pure silicon appears as a blue-grey metallic solid. Silicon is most commonly found paired with oxygen, forming silica. China produces a large percentage of the world’s silicon supply, contributing to about *** million metric tons in 2024. In comparison, Russia – the second largest producer worldwide – produced about ******* metric tons in the same year. U.S. silicon exports and consumption About ****** metric tons of silicon metal and ***** metric tons of ferrosilicon were exported from the United States in 2023. Meanwhile, consumption of silicon in the North American country averaged roughly ******* metric tons in recent years. Silicon is a diverse element, accounting for about 30 percent of the Earth’s crust and is one of the most abundant elements. Its versatility affords great use from the industrial sector. It is commonly used in the electronics industry, as part of cylinder heads or machine tools. It is also used in the commercial sector, for example, as an oil in cosmetics and hair conditioners.

Silicon fell to 8,930 CNY/T on September 26, 2025, down 1.22% from the previous day. Over the past month, Silicon's price has risen 5.24%, but it is still 31.25% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Silicon.

Why did the Silicone Oil Price Change in July 2025? The Q2 2025 average Silicone Oil Price Index was USD 2300/MT, CFR Houston in June, a 5% rise above Q1 2025 because of inflation in cost, strong downstream demand, and volatility in freight.

The Australian silicone market soared to $31M in 2024, jumping by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated noticeable growth from 2012 to 2024: its value increased at an average annual rate of +2.3% over the last twelve years.

Get the latest insights on price movement and trend analysis of Silicone Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The silicone (DMC) prices in the USA for fourth quarter of 2023 reached 3,122 USD/MT in December. The prices mostly declined throughout the latter half due to weak market conditions. There was a constant decrease in Q3, but costs began to stabilize in the fourth quarter as suppliers became more cautious, adopting a wait-and-see approach.

Explore IMARC’s newly published report, titled “Silicone (DMC) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of silicone (DMC) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The average silicone export price stood at $2,526 per ton in February 2025, remaining stable against the previous month.

In the end of the last quarter, silicone oil prices in the United States saw a bearish trend. By the end of December the price settled at 2353 USD/MT. At last, the price of the product in China reached 3526 USD/MT. By December end, the price in the Germany settled at 3654 USD/MT.

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Silicones Market Size 2024-2028

The silicones market size is forecast to increase by USD 8.76 billion, at a CAGR of 7.32% between 2023 and 2028.

The market is experiencing significant growth, driven by the expanding construction industry and increasing adoption in the electrical and electronics sectors. The construction industry's upward trend is fueling the demand for silicones due to their excellent thermal and electrical insulation properties, making them an essential component in various building applications. Additionally, the electronics industry's growing reliance on silicones for insulation, sealing, and encapsulation applications is further fueling market growth. However, the market faces challenges due to the fluctuating prices of raw materials, primarily silica and methanol, which can impact the profitability of silicones manufacturers.
These volatile prices can impact the cost structure of silicone manufacturers, potentially leading to price fluctuations in the market and affecting their profitability. Companies operating in this market must closely monitor raw material prices and adapt their strategies accordingly to maintain competitiveness and mitigate risks.

What will be the Size of the Silicones Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market showcases a dynamic and evolving landscape, with ongoing advancements and innovations shaping its various sectors. Silicone fillers play a crucial role in enhancing the properties of silicone resins, while medical applications continue to expand, driven by the biocompatibility and biodegradability of these materials. Silicone extrusion processes enable the production of diverse shapes and sizes, from tubing to profiles, while sealants ensure airtight and watertight bonds. Surface treatment and coatings enhance silicone's durability and resistance to environmental factors, such as heat, weather, and chemicals. Dielectric properties make silicones indispensable in the electronics industry, while anti-fouling and release agents cater to the maritime sector.

Silicone fluids serve as essential lubricants and coolants, and their chemical resistance is a key factor in numerous industrial applications. Adhesives, gels, rubbers, and elastomers expand the versatility of silicones, catering to diverse industries, including automotive, construction, and aerospace. The continuous pursuit of sustainability drives research into biodegradable silicones and eco-friendly production methods. Silicones' adaptability and performance make them a valuable asset in numerous industries, with ongoing advancements ensuring their relevance and growth in the market.

How is this Silicones Industry segmented?

The silicones industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Elastomers
  Fluids
  Resins
  Gels and others


End-user

  Industrial process
  Construction
  Personal care and consumer products
  Transportation
  Others


Application

  Industrial Process
  Construction
  Automotive
  Electronics
  Personal Care & Consumer Products
  Healthcare
  Energy


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Product Insights

The elastomers segment is estimated to witness significant growth during the forecast period.

Silicone elastomers, a type of high-performance polymer, are manufactured by combining straight-chained, reactive, and linear polymer molecules with crosslinkers, reinforcements, and catalysts. This process results in elastomers with superior absorption, elasticity, and tear strength. Silicone elastomers come in various forms, including room-temperature vulcanized liquid silicone rubber and high-temperature vulcanized or heat-cured rubber. The selection of elastomer type depends on the characteristics of the straight-chain molecules and processing temperature. Silicone elastomers exhibit desirable properties, such as weatherability, thermal conductivity, heat and cold resistance, flame retardancy, electrical conductivity, gas permeability, vibration absorption, radiation resistance, tensile and tear strength, and ozone and UV resistance.

These properties make silicone elastomers suitable for diverse applications, including automotive, construction, electronics, healthcare, and aerospace industries. Crosslinking and vulcanization processes enhance the mechanical properties of silicone elastomers. Cros

Why did the Silicon Metal Price Change in July 2025? Silicon Metal Price Index rose by 9.6% quarter on quarter compared to Q1 2025, reflecting the combination of robust demand and supply-side pressures.

Why did the Silicone Rubber Price Change in May 2025? The Silicone Rubber Price Index in North America saw a quarter-on-quarter decline of 1.62% in Q1 2025. January opened with upward momentum, fueled by tight supply, firm feedstock prices, and consistent demand from construction, aerospace, and electronics sectors.

In February 2025, the average silicone import price amounted to $6,320 per ton, remaining relatively unchanged against the previous month.

Graph and download economic data for Producer Price Index by Commodity: Rubber and Plastic Products: All Other Consumer, Institutional, and Commercial Products (WPU072B01) from Dec 2006 to Aug 2025 about rubber, plastics, commercial, consumer, commodities, PPI, inflation, price index, indexes, price, and USA.

The global silicone market is a significant and growing sector, driven by its versatile properties and wide-ranging applications across various industries. Valued at $22,331.8 million in 2025, the market is projected to reach $35,800.9 million by 2033, demonstrating a steady CAGR of 6.077%. This growth is fueled by increasing demand from key sectors like construction, electronics, and automotive. The market is characterized by a push for innovative, high-performance formulations and sustainable production methods, with the Asia Pacific region emerging as a key growth driver.

Key strategic insights from our comprehensive analysis reveal:

The Asia Pacific region is the largest and fastest-growing market, with a projected CAGR of 6.602%, driven by rapid industrialization and a burgeoning manufacturing base, particularly in China and India.

Technological innovation in silicone formulations, such as enhanced thermal stability and electrical conductivity, is crucial for capturing new opportunities in high-growth sectors like electric vehicles and medical devices.

Manufacturers should focus on developing sustainable and bio-based silicone alternatives to meet growing environmental regulations and consumer demand for eco-friendly products.

Global Silicone Market Overview & Dynamics

The global silicone market is a cornerstone of modern industry, providing essential materials for a vast array of products. Silicones are synthetic polymers known for their unique properties, including high temperature resistance, chemical inertness, and flexibility. Their applications range from sealants and adhesives in construction to lubricants and coatings in automotive and electronics. The market's dynamics are shaped by global economic trends, technological advancements, and a growing focus on sustainability.

Global Silicone Market Drivers

Growing demand from the construction and automotive industries: Silicones are widely used in construction for sealants and coatings, and in automotive manufacturing for gaskets, hoses, and electronic components, driving consistent market growth.

Technological advancements in the electronics sector: The miniaturization and increasing complexity of electronic devices require high-performance silicone materials for insulation, encapsulation, and thermal management.

Rising demand for medical and healthcare applications: Silicones are biocompatible and sterile, making them ideal for a wide range of medical devices, implants, and pharmaceutical products.

Global Silicone Market Trends

Development of sustainable and bio-based silicones: The industry is increasingly focused on creating more environmentally friendly silicone products, including those made from renewable resources.

Increased focus on high-performance and specialty silicones: Manufacturers are developing advanced silicone formulations with enhanced properties like superior heat resistance, increased durability, and specific electrical characteristics for niche applications.

Expansion of e-commerce and digital sales channels: Online platforms are becoming increasingly important for B2B transactions, enabling manufacturers to reach a wider customer base and streamline the sales process.

Global Silicone Market Restraints

Volatile raw material prices: The production of silicone relies on raw materials like silicon metal, methanol, and chlorine, whose prices can fluctuate significantly, impacting production costs and profitability.

Environmental and regulatory pressures: The manufacturing process and the end-of-life disposal of some silicone products are subject to strict environmental regulations, posing challenges for producers.

Competition from alternative materials: In some applications, silicones face competition from other polymers and materials that offer similar properties at a lower cost.

Strategic Recommendations for Manufacturers

Manufacturers should prioritize R&D to develop innovative, high-performance, and sustainable silicone products.

A key strategy is to expand production capabilities and distribution networks in the rapidly growing Asia Pacific market.

Focusing on specialty applications, such as those in the medical and electric vehicle sectors, can provide higher profit margins.

Additionally, investing in digital marketing and e-commerce platforms will be crucial for reaching new B2B clients.

Detailed Silicone Market Regional Analysis: Data &...

The average silicone export price stood at $11,521 per ton in May 2025, shrinking by -2.7% against the previous month.

Discover the latest update on silicone prices in Spain - at just $5,890 per ton, it's never been more affordable to invest in this versatile material. Stay ahead of the game and learn how this price drop could benefit your business today.