Elkem raises silicone prices 10% to 30% in Europe and Americas

Elkem has announced a price increase across its silicone product portfolio for customers in Europe and the Americas, effective immediately or as contracts allow. The adjustment ranges from 10% to 30%, depending on product category and market segment. Elkem says the move responds to sustained cost increases from raw materials, chemical intermediates, energy, utilities, transportation and logistics.

Key facts

Market context

Silicones are polymers built on a silicon-oxygen backbone, valued for heat resistance, water repellency, flexibility and electrical insulation. They are used in sealants and adhesives for construction, in automotive gaskets and coatings, in electronics encapsulation and insulation, and in personal care and cosmetics formulations. Healthcare uses include medical-grade elastomers and devices, while aerospace and energy applications rely on their thermal stability. Demand therefore tracks construction activity, vehicle production, electronics manufacturing and consumer goods spending. Silicone production depends on metallurgical silicon and methanol-derived intermediates, so swings in raw material, energy and logistics costs feed directly into producer pricing. Large suppliers often move list prices together when input costs rise across the industry, which can tighten availability and shift negotiations toward longer contracts. Buyers typically respond by reviewing supplier agreements, qualifying alternatives and building inventory ahead of further increases.

Source: official release on elkem.com. Summary and context written by Market Krystal.