As a new type of high-tech material, after nearly 80 years of development, silicone has been widely used in construction, textiles, electronics, transportation, chemical industry, aerospace, new energy, medical machinery, daily chemical personal care, etc. In the field, it has developed into a new type of fine chemical system with intensive technology and an important position in the national economy. It is one of the most adaptable and fastest-growing varieties of synthetic materials.
Since 2015, China has reversed its long-term dependence on imports and has become a net exporter of polysiloxanes. In the past ten years, net exports have shown steady growth. In 2020, China’s net exports of polysiloxanes will reach 83,000 tons. As of the end of 2020, China's polysiloxane production capacity and output have reached 1.573 million tons/year and 1.338 million tons, both accounting for more than half of the global total. China has become a major producer and consumer of organic silicon in the world.
As people's willingness to improve the quality of life gradually increases, silicone products will replace the stock market of other material products with their excellent performance. In addition to the steady growth of traditional fields such as construction, textiles, electronic appliances, and industrial additives, the consumer health market has many emerging products and rapid product iterations, such as medical personal care, daily necessities, etc. It is expected that the emergence of "explosive" new products will open up new growth space. The market demand for organic silicon materials in the energy-saving and environmental protection industries such as photovoltaics and new energy will maintain a medium-to-high-speed growth. The construction of UHV and UHV power grids, 3D printing, 5G, smart wearable devices and other emerging fields will be one of the future market growth points and breakthrough points for organic silicon materials.