Global Silicon Oil
Market Report
2024
Silicon Oil market was valued at USD 4.3 billion in 2022 and will reach USD 7.22 billion by 2030, registering a CAGR of 6.7% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Silicon Oil market was valued at USD 4.3 billion in 2022 and will reach USD 7.22 billion by 2030, registering a CAGR of 6.7% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Silicon Oil Market Sales Revenue 2022 | $ 4.3 Billion |
Global Silicon Oil Market Sales Revenue 2030 | $ 7.22 Billion |
Global Silicon Oil Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.7% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Silicon Oil industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Silicon Oil Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A silicone oil is any liquid polymerized siloxane with organic side chains with relatively high thermal stability and lubricating properties. Silicone oil is a colorless, tasteless, non-toxic, transparent, non-volatile liquid, non-corrosive to metals, low freezing point, and with good water resistance. Silicon oil is used as a damping fluid, thermal bath fluid, lubricant, dielectric fluid, cosmetic products, paint additives, and pharmaceuticals. Silicone oils offer great thermal stability and flexible and flowable forms at extreme temperatures. Silicon oil is used as an antifoaming agent in the chemical, pharmaceutical, and food industries. It is widely used in pharmaceuticals and cosmetics as head oil, hair cream, hair-forming agent, solid hair-forming agent, and sunscreen agent. In the electrical and electronic industry, silicon oil is used for high-temperature dielectric liquid. Hence growing demand from all such end-use industries like Automotive, Chemical, Construction, Electronics, Medical, Personal Care, Textile, and Others boost the Silicon Oil market. The fluctuating cost of raw materials hinders the growth of the Silicon Oil market.
According to the Environmental Working Group study, moderate man uses five to six personal care products, women use ten to twelve, and the average teenage girl uses sixteen personal care products in America. The demand for silicon oil in the cosmetic industry is increasing. Silicon in cosmetic products offers natural lubrication, adding more slip and glide to cosmetics, reducing stickiness on the skin and a sticky feeling in hair, improving hair's softness, and reducing fizziness even in high humidity. Silicone oil and polydimethylsiloxane are used in the production of cosmetics to improve the performance of cosmetics. Hence growing demand for cosmetic products results in increasing demand for the silicon oil market.
According to the CEIC data, India Motor Vehicles Sales grew by 2.8% in March 2022. The rising income of the middle class and the increased population of youth is rapidly increasing the use of vehicles. Silicon oil is used in vehicles for seat belt lubrication, damper oil for meters, damper material for the interior parts, hard coating agents for plastics, processing, and modification of synthetic leather seats, and in auto paint additives. Hence silicon oil has wide applications in the automobile industry. Increasing demand for silicon oil in the automobile industry will drive the Silicon Oil market.
The cost and availability of the raw material of silicon oil are highly unstable. The major cause for restraining the growth of the Silicon Oil market is volatile prices. The sudden increase in the prices of raw silicon fluctuates the prices of silicon oil. Fluctuating prices of the raw material harm the market. Hence volatile prices of raw materials hinder the growth of the Silicon Oil market.
The outbreak of COVID-19 has witnessed a negative impact on the Silicon Oil market growth. During the pandemic, the government implemented lockdowns in various parts of the country which limited the movement of over 138 crore population of India. The lockdown disrupted the manufacturing of various end-use industries which negatively impacted the Silicon Oil market. As the outbreak of the virus was from China, the Asia-Pacific region has to face major problems regarding manufacturing which altogether hindered the growth of the market in the Asia-Pacific region.
Post-pandemic all the activities resumed and witnessed a positive impact. The problems related to manufacturing, labor shortage, and supply chain of industries like automotive, construction, cosmetics, and electronics were online. Hence development in end-use industries boosted the Silicon Oil market after the pandemic.
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DuPont introduces new silicone blends to address skin conditions
DuPont has introduced new low-cyclosiloxane silicone elastomer blends and silicone resin blends in response to growing consumer desires for products that address a range of troubling skin conditions. The DuPont Liveo silicone elastomer blends are Liveo TE-9320 Silicone Elastomer Blend and Liveo TE-9330 Silicone Elastomer Blend.
Wacker expands production of silicone sealants at its Nünchritz site
In response to growing demand, Wacker Chemie AG (Munich, Germany) is expanding its production and cartridge-filling capacities for silicone sealants at its Nünchritz site. The expansion of Silicone sealants will grow the company's capability to supply customers, who contract Wacker to produce ready-to-use silicone sealants for their direct sales. Such hybrid polymers are used as binders for formulating high-quality adhesives and sealants, liquid waterproofing systems, and environmentally friendly wood flooring adhesives, among other applications.
Top Companies Market Share in Silicon Oil Industry: (In no particular order of Rank)
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The market in the Asia-Pacific region is growing immensely due to rapid urbanization. According to the India Brand Equity Foundation, India's urban population increased by 230 million. The increasing population is boosting industrialization which fuels the silicon oil market. China is the largest consumer of silicon oil due to its multiple uses in the industry. Due to the availability of cheap labor, raw materials, and expanding industrialization, the key players in the silicon oil market are entering this region. All such regions boost the Asia-Pacific region to dominate the silicon oil market during the forecast period.
The current report Scope analyzes Silicon Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Silicon Oil Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Silicon Oil Industry growth. Silicon Oil market has been segmented with the help of its Type, Application , and others. Silicon Oil market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Modified Silicon Oil segment is projected to grow at the highest CAGR during the forecast period:
Based on type, the Silicon Oil market is divided into Straight Silicon Oil and Modified Silicon Oil. Modified silicon oil is the combination of polydimethylsiloxanes with dimethicone and simethicone. Amino, methacrylate, carboxyl, or dimethyl groups are added to silicon oil to get modified silicon oil. Modified silicon oil has unique features like non-toxicity, high lubricity, and stable film strip formations, and widely used in lubricants, electric insulators, laboratories, and anti-foaming. Modified silicon oil is used in various industries like cosmetics, construction, textiles, and others due to water repellency, lubricity, absorbability, and flexibility. Hence, all such reasons contribute to the modified silicon oil segment growing during the forecast period.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Silicon Oil Industry. Request a Free Sample PDF!
The Personal Care and Cosmetics segment is projected to grow at the highest CAGR during the forecast period:
By application, the market is divided into Automotive, Chemical, Construction, Electronics, Medical, Personal Care and Cosmetics, Textile, and Others. Silicon oil can perform skin conditioning. Silicon oil is used as the emulsifier and helps other substances combine in the product. It helps to deliver pigments and others to the skin and hence is used to prepare sunscreens, skin treatment ointment, and cosmetics. The make-up products have got a touch of advanced quality due to the use of silicone in various products like blushes, eyeshadows, foundation, pencils, and liquids eyeliners. Using silicon oil in cosmetics gives a rich look to your face. Hence growing cosmetic segment will drive the silicon oil market during the forecast period.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Silicon Oil market report 2024 Edition by contacting our team.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Silicon Oil Market is witnessing significant growth in the near future.
In 2023, the Straight Silicon Oil segment accounted for noticeable share of global Silicon Oil Market and is projected to experience significant growth in the near future.
The Automotive segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Dow Corning, Fuchs Group and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Straight Silicon Oil, Modified Silicon Oil |
Application | Automotive, Chemical, Construction, Electronics, Medical, Personal Care and Cosmetics, Textile |
List of Competitors | Dow Corning, Wacker Chemie, Fuchs Group, Lubrizol Corporation, Electrolube, China National Bluestar (Group), Power Chemical Corporation, Elkay Chemicals, Iota Silicone Oil, KCC Basildon Chemical Company, ISOL Industries |
This chapter will help you gain GLOBAL Market Analysis of Silicon Oil. Further deep in this chapter, you will be able to review Global Silicon Oil Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Silicon Oil Market Trends North America Silicon Oil Technological Road Map North America Silicon Oil Market Drivers North America Silicon Oil Market Restraints North America Silicon Oil Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Silicon Oil market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Straight Silicon Oil have a significant impact on Silicon Oil market? |
What are the key factors affecting the Straight Silicon Oil and Modified Silicon Oil of Silicon Oil Market? |
What is the CAGR/Growth Rate of Automotive during the forecast period? |
By type, which segment accounted for largest share of the global Silicon Oil Market? |
Which region is expected to dominate the global Silicon Oil Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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