Silicone Oil Market - Global Industry Analysis

Silicone Oil Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6935 Status : Upcoming

Description

Global Silicone Oil Market: Overview

Silicone oil is also referred to as polydimethylsiloxane. It is considered stronger than the carbon to carbon chain in hydrocarbon fluids. It contains silicon-oxygen linkages. Furthermore, silicone oil is inert, non-toxic, and transparent. It holds thermal and electrical stability, which makes it ideal for different applications in the industrial space. It has high compressibility and flexibility when compared to mineral oils. Also, it is resistant to hydrolysis, oxidation, natural aging, and shear stress. Silicone oil is adopted in a number of applications ranging from damping or hydraulic, home care products, paints, lubricants, & softeners to dielectric, electronic grade, diffusion pump, cooling & heating, and thermostatic fluid. Apart from these, silicone oil is extensively used in the medical, pharmaceutical, and cosmetic sectors globally.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Silicone Oil Market: Growth Factors

The global silicone oil market is anticipated to surpass $3.34 billion with a healthy CAGR during the forecast period due to the growing demand for silicone oil from the cosmetic and personal care sector. The fast proliferating automotive sector is also posing huge development opportunities in the global silicone oil market as it will strengthen the demand for thermic and lubricant fluid oils. Apart from these, the surging requirement for electronic circuit boards will also supplement the demand for silicone oil as it is widely used in conformal coating. Additionally, silicone oil is a biocompatible eco-friendly material that holds biodegradable properties. However, the growing environmental concerns globally are rapidly shifting masses towards adopting silicone oil for different applications globally. The high penetration rate of silicone oil in vitreoretinal surgery applications effectively replaces aqueous humor from the retinal surface is likely to positively impact the trajectory of the global silicone oil market. Players are emphasizing acquisition and partnership deals to expand the business globally. Also, the growing number of acquisitions and mergers is fostering development in the global silicone oil market, thereby increasing revenue and profitability globally. Furthermore, the fast proliferating electronics, textile, cosmetic, and personal care sector is fueling the demand exponentially. The outbreak of the Covid-19 pandemic has significantly impacted the growth of the global silicone oil market as worldwide lockdown disrupted supply chain and manufacturing unit operations. But the growing initiatives from market leaders are likely to throw strong growth prospects in the forthcoming years.

Global Silicone Oil Market: Segmentation

The global silicone oil market is segmented into end-user, application, type, and region.

By end-user, the market can be segmented into medical, automotive, electronics, textile, personal care, construction, chemical, and others. The personal care segment accounts for the largest share in the global market in terms of revenue and volume. Silicon oil is widely used in a large number of personal care products like hair care products, shampoo, shaving products, and others. The increasing demand for premium personal care products along with a growing customer base globally is further likely to stimulate the growth of the segment.

By application, the market can be segmented into release agents, antifoam agents, chemical intermediate, textile coating, skin & hair care, sealant, and others. The skin & hair care segment holds the largest share in the global silicone oil market due to the high demand from growing economies like India, China, and others.

By type, the market can be segmented into modified and straight silicone oil types.

Global Silicone Oil Market: Regional analysis

Asia Pacific accounts for the largest share in the global silicone oil market due to the presence of growing economies like Japan, India, China, and others. Amongst all, China is the largest consumer. The high demand from growing countries owing to the rapid industrialization and urbanization is likely to strengthen the growth of the regional market.

North America is a leading region in the global market due to the presence of leading market players in the region.

Global Silicone Oil Market: Competitive Players

Some of the significant players in the global silicone oil market include Iota Silicone Oil (Anhui) Co., Ltd, CHT Group, BRB International BV, Siltech Corporation, Momentive Performance Materials, Inc, Shin-Etsu Chemical CO. LTD, and Evonik Industries AG.

Global Silicone Oil Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global silicone oil market is anticipated to surpass $3.34 billion with a healthy CAGR during the forecast period due to the growing demand for silicone oil from the cosmetic and personal care sector. The fast proliferating automotive sector is also posing huge development opportunities in the global silicone oil market as it will strengthen the demand for thermic and lubricant fluid oils.

Some of the significant players in the global silicone oil market include Iota Silicone Oil (Anhui) Co., Ltd, CHT Group, BRB International BV, Siltech Corporation, Momentive Performance Materials, Inc, Shin-Etsu Chemical CO. LTD, and Evonik Industries AG.

Asia Pacific accounts for the largest share in the global silicone oil market due to the presence of growing economies like Japan, India, China, and others. Amongst all, China is the largest consumer.

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