Global Giant Price Actions-silicone rubber
Global Giant Price Actions-silicone rubber
Central Sentence: International chemical giants intensify price adjustments, triggering a new round of global silicone price hikes.
Dow Chemical, a global chemical giant, will officially impose a 5%-15% price increase on its full range of silicone product lines, including silicone oil, raw rubber, 107 glue and silicone sealants, effective March 27, 2026.
This is the third price adjustment launched by Dow this year, mainly attributed to the sharp rise in raw material, energy and logistics costs, as well as the planned shutdown of its 145,000-ton annual capacity siloxane plant in the UK, which has further tightened global silicone supply. Following closely, Evonik has immediately raised the prices of fumed silica and silane products in the Asia-Pacific region by up to 20%, while Covestro plans to increase prices of PU-related products by 30% starting April 1. The intensive price adjustments by international giants have pushed the global silicone industry cost center to rise sharply, forming a global synchronized price increase wave.
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