Major Silicone Producers Announce Double-Digit Price Increases in Early 2026

Wacker Chemie announced a price hike of up to 25% across its core silicone product lines, driven by a surge of over 110% in platinum catalyst costs and global supply chain disruptions. Similarly, Elkem implemented price increases of 10% to 30% across Europe and the Americas due to raw material inflation and elevated logistics expenses. These double-digit increases directly affect gross margins for silicone adhesive and sealant formulators.