United Arab Emirates (UAE) Silicone Market Research Report, 2029

Silicone, a versatile and indispensable element, finds applications across various sectors, positioning itself as a cornerstone in the UAE's journey towards a knowledge-based and sustainable economy. As the UAE strategically shifts away from oil dependence, the silicon market emerges as a key player in fostering innovation, supporting technological advancements, and contributing to the nation's global competitiveness. The silicon market is intricately woven into the broader culture of economic diversification in the UAE. Recognising the limitations of a reliance on oil, the nation has cultivated a culture that encourages the exploration of new industries, including technology and manufacturing, where silicon plays a pivotal role. The culture associated with the UAE silicon market reflects a commitment to sustainability and green technologies. As the nation invests in renewable energy, the role of silicon in solar panels exemplifies the cultural shift towards environmentally conscious practices. During the early years, the United Arab Emirates experienced substantial economic growth, primarily driven by the oil and gas sector. The focus at this time was on oil exports, and the technology sector was not yet a dominant player in the UAE's economic landscape. The 1990s witnessed a global technology boom, leading to increased demand for silicon, especially in the semiconductor industry. However, the UAE's economic emphasis remained on oil-related activities during this period. Furthermore, in the 2010s, the UAE intensified its economic diversification efforts, placing a particular focus on technology, innovation, and sustainable practices. Silicone's applications expanded, especially in solar energy, and the country aimed to position itself as a hub for technology and innovation. According to the research report "United Arab Emirates Silicone Market Research Report, 2029," published by Actual Market Research, the United Arab Emirates Silicone market is anticipated to grow at more than 4% CAGR from 2024 to 2029. The UAE has been actively diversifying its economy away from traditional sectors like oil and gas. The emphasis on building a knowledge-based economy has led to increased demand for silicon in various industries, including electronics, construction, and renewable energy. The UAE's focus on becoming a global hub for technology and innovation contributes significantly to the demand for silicon. Silicone is a fundamental component in the electronics industry, including the manufacturing of semiconductors, which are vital for technological devices and systems. The UAE has been investing heavily in renewable energy, particularly solar power. Silicone is a crucial material in the production of photovoltaic cells used in solar panels. The growth of the renewable energy sector contributes significantly to the demand for silicon. The UAE is positioned to align with global technological trends. As the demand for high-tech products and advancements in electronics continues on a global scale, the UAE seeks to be at the forefront, driving the demand for silicon. Government policies and initiatives play a pivotal role in shaping the demand for silicon. The UAE government actively supports industries that contribute to economic diversification and technological development, indirectly driving the demand for silicon.

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Based on the material, it is segmented into elastomers, fluids, resins, gels, and others. Among them, in the UAE, the gel type is growing. Silicone gels are known for their versatility and flexibility. They can be formulated to have various levels of viscosity and elasticity, making them suitable for diverse applications in different industries, including electronics, healthcare, and construction. Silicone gels are commonly used as sealants and adhesives. The UAE's vibrant construction sector, with ongoing infrastructure projects and urban development, might drive the demand for high-quality sealants and adhesives, in which silicon gels excel. Furthermore, it is often found in consumer products such as cosmetics, personal care items, and hair care products. Their smooth texture and moisturising properties make them desirable for use in a range of beauty and personal care formulations. In the context of the UAE's high temperatures, silicon gels with excellent thermal conductivity might be used for thermal management in electronic devices and other applications where heat dissipation is critical. Silicone gels are known for their water and weather resistance. In a region like the UAE, where extreme heat and sandstorms can occur, materials with high resistance to environmental factors are crucial. 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 the UAE, industrial use and energy are contributing the highest market share. The UAE has been at the forefront of renewable energy initiatives, particularly solar power. Silicone plays a critical role in the production of photovoltaic cells used in solar panels, aligning with the country's commitment to sustainable and clean energy sources. As a desert nation with abundant sunlight, solar energy is a strategic focus for the UAE. Silicone is an essential component in the manufacturing of solar cells, contributing to the generation of electricity from solar energy. The UAE's efforts to establish a high-tech manufacturing sector, including semiconductor manufacturing, involve the use of silicon. Silicone is a fundamental material in the production of semiconductors used in electronics, energy storage, and various industrial applications. The UAE government's commitment to sustainability and environmental goals influences the choice of materials in the energy sector. Silicone, especially in renewable energy applications, aligns with these objectives. Considered in this report: • Geography: United Arab Emirates • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Kripa Shah

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Aspects covered in this report: • United Arab Emirates 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

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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.