Summary

India has witnessed significant growth in its electronics and semiconductor industries. Silicone, as a fundamental material in semiconductor manufacturing, plays a crucial role in this sector. With a growing emphasis on renewable energy, India's solar energy sector has expanded considerably. Silicone is a key material in the production of solar panels, and the country's commitment to solar power has likely driven the demand for silicon. The increasing adoption of consumer electronics and appliances in India fuels the demand for silicon. From smartphones to household appliances, silicon is a crucial component in electronic devices. Ongoing research and development activities in India contribute to innovations in silicon-based technologies. Collaborations between academic institutions, research organisations, and industries drive advancements in silicon applications. Furthermore, the National Solar Mission, launched by the Government of India, aims to promote solar energy and reduce the country's dependence on non-renewable sources. Silicone is a crucial component in solar photovoltaic cells, and the growth of the solar sector is likely to impact the demand for silicon. The Make in India initiative encourages domestic manufacturing across various sectors, including electronics and semiconductors. Policies promoting indigenous manufacturing can influence the demand for silicon and related materials. As well, the Smart Cities Mission involves the development of technologically advanced and sustainable urban centers. Silicone-based technologies find applications in various aspects of smart city development, impacting the demand for silicon.

According to the research report "India Silicone Market Overview, 2029," published by Bonafide Research, the India Silicone market is anticipated to grow at more than 7% CAGR from 2024 to 2029. India's focus on renewable energy, particularly solar power, drives the demand for silicon in the production of solar panels. The government's initiatives, such as the National Solar Mission, promote the use of solar energy and contribute to the demand for silicon. The booming construction and infrastructure sector in India utilises silicon-based materials, including sealants, adhesives, and coatings. Silicone contributes to the durability, insulation, and overall performance of construction materials. Furthermore, the automotive industry's growth in India, including the increasing production of electric vehicles, leads to a higher demand for silicon. Silicone is used in various electronic components, sensors, and semiconductors in vehicles. Initiatives such as the Smart Cities Mission in India, aimed at developing technologically advanced and sustainable urban centres, may drive the demand for silicon in various smart technologies and infrastructure projects. Silicone is utilised in various industrial processes, including lubricants, coatings, and as a heat transfer fluid. The growth of industrial manufacturing in India contributes to the demand for silicon in these applications. Silicone is used in energy storage technologies, including batteries. As India explores advanced energy storage solutions for renewable energy integration and electric vehicles, the demand for silicon in these applications increases.

Based on the material types, which are segmented into elastomers, fluids, resins, gels, and others, among them the elastomers are significantly contributing to the market. Silicones, including silicone elastomers, exhibit high-temperature resistance. This makes them suitable for use in environments with varying temperatures, making them valuable in industrial applications. In India's electronics industry, silicone elastomers are utilised for their excellent electrical insulating properties. They can provide insulation and protection for electronic components. In the automotive industry, silicone elastomers are employed in various components, such as gaskets, seals, and vibration dampers. Their resilience and resistance to extreme temperatures contribute to their use in automotive applications. Furthermore, silicone elastomers are often used in the production of consumer goods such as kitchenware, baby products, and personal care items. Their non-toxic nature and durability make them suitable for these applications.

According to the report, the end users are segmented into the following categories: industrial use and energy, building and construction, electronics, transportation, health care, personal care, consumer products, and others. In India, electronics are significantly contributing to the market. Telecommunication infrastructure, including the development of mobile networks and the implementation of 5G technology, relies on silicon-based components. Silicone is used in communication devices, base stations, and networking equipment. The automotive industry in India increasingly incorporates advanced electronics for vehicle control systems, navigation, entertainment, and safety features. Silicone-based chips play a key role in the development of automotive electronics. The manufacturing of consumer electronics, including television sets, audio systems, and home appliances, requires silicon for the production of various electronic components and circuits. The medical industry in India relies on silicon-based electronics for medical imaging devices, diagnostic equipment, and electronic health monitoring systems. The growing adoption of IoT devices and smart technologies in India involves the use of silicon-based components. These devices, ranging from smart home appliances to industrial sensors, contribute to the demand for silicon.

Considered in this report:
• Geography: India
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report:
• India Silicone market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Material
• Elastomers
• Fluids
• Resins
• Gels & other product

By End User
• Industrial use & energy
• Building and construction
• Electronic
• Transportation
• Health care
• Personal care and consumer product
• Other

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Silicone, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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