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Trends in silicone market development2

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China is a big country in silicone production, with silicone production capacity and output accounting for more than 50% of the world in 2020. Meanwhile, China is also the world's largest silicone consumption market, with consumption accounting for more than 50% of the world in 2020. According to the National Strategic Alliance for Green Development of Silicon Industry (SAGSI), China's silicone output increased from 900,000 tons in 2016 to 1.39 million tons in 2021, with a compound annual growth rate of 9.1%.
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