India, Feb. 5 -- German chemical group WACKER has announced significant price increases for a wide range of silicone products, effective from 1 February 2026. These adjustments, which will see prices rise by up to 25 percent or even higher in specific instances, will be applied across existing customer contracts as necessary. The decision is a direct response to unprecedented surges in raw material costs, most notably for the precious metal platinum, a critical catalyst used in the production of addition-curing silicone products and crosslinking silicone release agents.

According to Tom Koini, Head of Silicones, the extreme market dynamics have made this step unavoidable, as internal efficiency measures can no longer absorb the cost pres...