The global silicone industry has a long history of development, silicone products can be seen everywhere in the market at present. From the 18th century, the invention of silicone tube to today’s silicone industry has been booming, the silicone industry has experienced a process from scratch, from simple to complex. It is currently in a flourishing stage.
At present, in the global silicone, organic silicone accounted for a relatively large. In 2014, the global production of organic silicone was 1.65 million tons. In 2019, the global production of organic silicone has increased to 2.6 million tons, with an annual compound growth rate of 9.5%.
Inorganic silicone is mainly composed of sodium silicate products. In 2016, the global sodium silicate market size was $9 billion. In 2019, the global sodium silicate market size has increased to $9.6 billion, with an annual compound growth rate of 2%. In 2016, the global market size of organic silicone was $15.3 billion, and in 2019, the global market size of organic silicone has increased to $18.5 billion, with a CAGR of 6.5%.
At present, China is the world’s largest inorganic silicone production and sales area, China’s inorganic silicone market size accounted for 59.38% of the global market size.
China has rich organic silicone production basic raw materials. Therefore, China has become the world’s main production area of organic silicone. China’s organic silicone production accounted for the global organic silicone production proportion of 64.8%.