Product
Silicone Price Trend and Forecast
Silicone Price Trend and Forecast
Regional Price Overview
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).
For the First Half of 2022
Asia
The price trends for silicone registered an upward trend throughout the Asian market during the said period. The price of silicone depends on the buoyant downstream demand from the pharmaceutical, electrical, and packaging industries. During the first quarter, the price of feedstock dimethylcyclosiloxane (DMC) kept strong averaging 37000-39500 RMB/MT.
However, the prices of DMC started declining during the second quarter owing to the logistic and transportation issues. The reduced market sentiments and inflated operating costs further impacted the prices. Despite the reduced quotations for feedstock DMC, the price trends for silicone remained strong throughout the Chinese market owing to robust demand.
Europe
The continuing Russia-Ukraine war has triggered an acute energy crisis in the European region causing high-cost inflation. The high operating costs, reduced market inventories and supply-side constraints have impacted the prices of DMC. The robust demand from the electric vehicles sector has kept the prices of silicone intact across the European region. The prices of silicone recorded an average rise of 5-7% during the said period.
North America
The US domestic market mirrored the global price trends for silicone. The price of silicone kept increasing owing to the increased input costs. The high-power costs, labour shortages, expensive logistics and booming downstream demand from the pharmaceutical and electric industry kept the silicone prices anchored throughout the domestic market. The silicon prices rose by 5-6% averaging 4500 USD/MT.
Procurement Resource provides latest prices of Silicone. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
A silicone or polysiloxane is essentially any of the several polymers that incorporate any synthetic product comprising repeating units of silicon and oxygen atoms linked together with carbon, hydrogen, or occasionally additional elements. Silicone is frequently liquid, rubber-like, and heat-resistant. It is frequently used in thermal and electrical insulations, sealants, adhesives, lubricants, pharmaceuticals, and culinary utensils. Typical forms include silicone caulk, silicone rubber, silicone resin, silicone oil, silicone grease, and silicone rubber.
Product Details
| Report Features | Details |
| Product Name | Silicone |
| HS CODE | 39100090 |
| Industrial Uses | Transportation industry, Healthcare industry, Production of automobile components, Production of adhesives |
| Supplier Database | The Dow Chemical Company, Evonik Industries AG, Elkem ASA, Shin-Etsu Chemical Co, Ltd., Momentive, KCC Corporation, Wacker Chemie AG |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of Silicone from silica
The first step in the synthesis of silicone is to purify silicon from silica. In this process, a significant amount of quartz sand is heated to temperatures as high as 1800 C. Pure, isolated silicon is the end product, and it is then allowed to cool before being milled into a fine powder.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Table Of Contents
Assistance from Experts
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Client's Satisfaction
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Assured Quality
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.