Current status and future development trend forecast of silicone resin market in China
1. Market analysis
Market size
In recent years, the market size of silicone resins in China has continued to expand. In 2024, the market size exceeded 40 billion yuan, and it is expected to exceed 100 billion yuan by 2030, with an annual growth rate of more than 10% in aggregate.
Main competitive environment
The Chinese silicone resin market is mainly contested by domestic and foreign companies. From the current 30% domestic market share, the market competitiveness will gradually improve through technological innovation, and by 2030, the total market share of domestic enterprises will exceed 60%.
Our products:Silane;Siloxane;Organotin;Defoamer;Silicone resin;Hydrocarbon resin
Applications: Coatings, paints and inks; Adhesives and sealants; Wires and cables; Fiberglass and composites; Thermosetting and thermoplastic rubbers and elastomers; Pigment and filler processing; Metal surface treatment; Drilling; Waterproof building materials; Textiles.
Contact information is provided below.
Mobile: +86 15588847785
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Email: mack.y@boctokchemical.ru; yuxiaobingboctok@126.com
Web: www.boctokchemical.ru;
2. Driving factors
Policy support
The Chinese government has been continuously increasing its support for the environmental protection industry, pushing the silicone resin industry to develop in a green and environmentally friendly direction. For example, policies such as "Carbon Peak and Carbon Neutrality" and "Green Industry Guidelines" provide a favorable policy environment for the development of the industry.
Technological progress
Technological innovation is the main driving force for the development of the silicone industry. Local enterprises gradually narrow the technological gap with multinational companies through the introduction, assimilation, absorption and subsequent implementation of innovation. For example, the breakthrough in the R&D of functional silicone resin has broken the technological monopoly of foreign-funded enterprises.
Market demand
With the rapid development of new energy transportation, electronic devices, architectural decoration and other industries, the demand for high-quality and high-performance silicone resins continues to grow. In addition, new areas such as medicine and food packaging also open up new growth points for the silicone resin market.
3. Future development trends
Expanding capacity and increasing self-sufficiency
In the next five years, China's silicone industry will mainly focus on the production of high-quality silicone resin. With the gradual commissioning of new production facilities, China's self-sufficiency rate in silicone resin will continue to rise, and its share in global exports will increase.
Research and development of environmentally friendly and solvent-free silicone resin.
Stricter environmental policies have pushed solvent-free silicone resins to become a focus of future research and development. Enterprises need to optimize production processes and reduce environmental pollution to meet increasingly stringent environmental requirements.
Market Segmentation and High-End Trends
With the diversification of market demand, silicone resin products will develop toward high-end and specialized. For example, the demand for specialized silicone resin products in the fields of new energy vehicles, electronic devices, etc. will continue to grow.
4. Conclusion
With policy support, technological advancement and market demand, China's silicone resin market has broad development prospects. Enterprises need to actively respond to environmental pressures and technological limitations, and enhance their competitiveness through innovation and optimization to gain an advantageous position in the fierce market competition.