WACKER & Shin-Ei Announce 10% Price Hikes; Global Supply Chai

 

Keywords: WACKER, Shin-Ei, price hike, global silicone supply, raw material costs Summary: WACKER and Shin-Ei Chemical announced 10% price increases for all silicone products effective May 2026, citing rising raw material and energy costs. WACKER and Shin-Ei Chemical, two global silicone giants, notified customers of a 10% price hike for all silicone products starting May 2026. The increase is attributed to soaring crude oil and naphtha prices (due to Middle East tensions), rising energy costs, and expensive packaging materials. This move will impact global supply chains, with downstream manufacturers facing higher costs for automotive, medical, and electronic applications. Hongye Silicone, with localized supply chains and long-term contracts, is less affected by global price fluctuations.