Market Overview:
The global silicone putty market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for silicone putty in various applications such as food, industry, agriculture, architecture and others. In terms of type, the food grade segment is expected to hold a major share of the global silicone putty market during the forecast period. This can be attributed to its growing demand from end-use industries such as food and beverage and pharmaceuticals.
Product Definition:
A silicone putty is a material made from silicone, which is a polymer made from silicon and oxygen. It has many uses, including as an adhesive, sealant, or molding material.
Food Grade:
Food grade silicone putty is a type of silicone rubber that has been processed to remove any harmful chemicals. It is considered safe for human and pet consumption, as well as the environment. Food-grade silicon putty can be used in food contact applications such as gaskets, seals, and covers where food safety is important.
Non Food Grade:
Non food grade silicone putty is a kind of mold release agent that is used to prevent the formation of mold on any surface. It has no taste and odor and can be easily applied to any porous or nonporous surface. The product also finds its usage in the packaging industry for lids, bottles, caps as well as closures.
The global silicone putty market size was valued at USD 537 million in 2016.
Application Insights:
The industry application segment accounted for the largest market share of over 70% in 2017. The growing construction and automotive industries are expected to be the key demand drivers over the forecast period. Rising population, rapid urbanization, and increasing disposable income in emerging economies such as India and China are expected to have a positive impact on industry growth.
The product is widely used in various applications including food packaging, agriculture & horticulture bedding & soil conditioning products, architecture & building materials (including insulation), industrial machinery components (excluding plastics), non-food packaging including medical devices and cosmetics packaging among others. Growing demand for packaged food is anticipated to remain a key driving factor for this industry over the forecast period along with rising consumer preference towards convenience foods globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various application industries. China, India, Japan, South Korea and Taiwan are some of the largest consumers of silicone putty in Asia Pacific owing to its wide range of applications including medical devices manufacturing, electronics manufacturing as well as automobile manufacturing.
The growing automotive industry coupled with increasing investments by multinational companies for developing new products will drive silicone putty demand further. For instance; In January 2018; Dow Corning Corporation announced about expanding their Silicone Products business unit that includes Corning’s Gorilla Glass 4D technology which is used across multiple industries including Automotive & Transportation and Healthcare & Electronics among others.
Growth Factors:
- Increasing demand for silicone putty in the automotive and construction industries as a sealant and adhesive.
- Rising popularity of silicone putty among do-it-yourself (DIY) enthusiasts for its easy handling and versatile applications.
- Growing use of silicone putty in medical applications such as wound closure, skin grafting, and scar treatment.
- Technological advancements that have led to the development of new formulations of silicone putty with improved properties such as flexibility, adhesion, and durability.
Scope Of The Report
Report Attributes
Report Details
Report Title
Silicone Putty Market Research Report
By Type
Food Grade, Non Food Grade, Other
By Application
Food, Industry, Agriculture, Architecture, Other
By Companies
Environmental Technology, Alumilite, Marvelous Molds, Midsun Specialty Products, Versimold, Polly Plastics, Micro Mark, FINO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Silicone Putty Market Report Segments:
The global Silicone Putty market is segmented on the basis of:
Types
Food Grade, Non Food Grade, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Industry, Agriculture, Architecture, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Environmental Technology
- Alumilite
- Marvelous Molds
- Midsun Specialty Products
- Versimold
- Polly Plastics
- Micro Mark
- FINO
Highlights of The Silicone Putty Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Non Food Grade
- Other
- By Application:
- Food
- Industry
- Agriculture
- Architecture
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Silicone Putty Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Silicone putty is a type of modeling clay that can be used to create sculptures, models, and other objects. It is made from silicone rubber and water.
Some of the key players operating in the silicone putty market are Environmental Technology, Alumilite, Marvelous Molds, Midsun Specialty Products, Versimold, Polly Plastics, Micro Mark, FINO.
The silicone putty market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Silicone Putty Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Silicone Putty Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Silicone Putty Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Silicone Putty Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Silicone Putty Market Size & Forecast, 2018-2028
4.5.1 Silicone Putty Market Size and Y-o-Y Growth
4.5.2 Silicone Putty Market Absolute $ Opportunity
Chapter 5 Global Silicone Putty Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Silicone Putty Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Non Food Grade
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Silicone Putty Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Silicone Putty Market Size Forecast by Applications
6.2.1 Food
6.2.2 Industry
6.2.3 Agriculture
6.2.4 Architecture
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Silicone Putty Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Silicone Putty Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Silicone Putty Analysis and Forecast
9.1 Introduction
9.2 North America Silicone Putty Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Silicone Putty Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Non Food Grade
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Silicone Putty Market Size Forecast by Applications
9.10.1 Food
9.10.2 Industry
9.10.3 Agriculture
9.10.4 Architecture
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Silicone Putty Analysis and Forecast
10.1 Introduction
10.2 Europe Silicone Putty Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Silicone Putty Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Non Food Grade
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Silicone Putty Market Size Forecast by Applications
10.10.1 Food
10.10.2 Industry
10.10.3 Agriculture
10.10.4 Architecture
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Silicone Putty Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Silicone Putty Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Silicone Putty Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Non Food Grade
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Silicone Putty Market Size Forecast by Applications
11.10.1 Food
11.10.2 Industry
11.10.3 Agriculture
11.10.4 Architecture
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Silicone Putty Analysis and Forecast
12.1 Introduction
12.2 Latin America Silicone Putty Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Silicone Putty Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Non Food Grade
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Silicone Putty Market Size Forecast by Applications
12.10.1 Food
12.10.2 Industry
12.10.3 Agriculture
12.10.4 Architecture
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Silicone Putty Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Silicone Putty Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Silicone Putty Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Non Food Grade
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Silicone Putty Market Size Forecast by Applications
13.10.1 Food
13.10.2 Industry
13.10.3 Agriculture
13.10.4 Architecture
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Silicone Putty Market: Competitive Dashboard
14.2 Global Silicone Putty Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Environmental Technology
14.3.2 Alumilite
14.3.3 Marvelous Molds
14.3.4 Midsun Specialty Products
14.3.5 Versimold
14.3.6 Polly Plastics
14.3.7 Micro Mark
14.3.8 FINO
