Silicones are polymers manufactured by polymerizing siloxanes which are monomers containing silicon atoms connected by oxygen, carbon and hydrogen atoms. They are of several types including elastomers, resins, fluids, and gels. Silicones have many properties including durability foam control, adhesion, UV stability, discharge safety, transparency, glossiness, radiation resistance, heat resistance, and flexibility. Due to these properties, Silicones find applications in several end use industries such as building and construction, industrial processes, personal care and consumer products, electronics, transportation, medical and healthcare, energy, etc. Increasing demand from the industries such as Construction and electronics is projected to drive the demand for Silicones over the forecast period. Demand growth from other sectors like the personal care and consumer products as well as medical and healthcare sector is also expected to fuel the market for Silicones in the up coming years. Moreover, stringent regulatory policies regarding the use of Silicones might hinder the demand growth during the forecast period.