The global silicone oil market was valued at $3.6 billion in 2019, and is projected to reach $6.1 billion by 2027, growing at a CAGR of 6.8% from 2020 to 2027. Silicone oil, also known as polydimethylsiloxane (PDMS), is a nonflammable, tasteless, nontoxic, and odorless liquid polymerized siloxane comprising organic acid chains. It is used across various end-user industries due to its high temperature stability, hydrophobicity, anti-shearing capability, excellent water & temperature resistance, good dielectric properties, and durability. It is an important tool in vitreoretinal surgery as it possesses the ability to remove aqueous humor from the surface of retina while maintaining the adhesion amid the retinal pigment epithelium and retina. Furthermore, it is used as a molding release agent for plastic and rubber products in the automotive industry since it’s non-adhesive to plastics, metals, and rubbers.
A surge in demand for silicone oil from emerging economies, growth in industrialization, and proliferation in applications fuels the market growth. Silicone oil has replaced hydrocarbon-based products in various industrial applications, owing to its thermal stability. Asia-Pacific was the leading region and is expected to register substantial growth due to increase in demand for personal care products from emerging markets, such as China and India; as well as rapid industrialization and a rise in living standards. Moreover, the aforementioned factors are also expected to provide high potential for growth and development of silicone oil market. However, high manufacturing cost of silicone oil as compared to hydrocarbon oils limit its market growth.
The report segments the silicone oil market on the basis of end user, application, and geography. By end-use industry, it is classified into chemical, construction, personal care, textile, electronics, automotive, medical, and others, which includes, aerospace, pulp & paper, and food & beverages. Based on application, it is sub-divided into sealant, skin & hair care, textile coating, detergent, chemical intermediate, anti-foam agent, release agent, and others. The “others” category comprises water repellent, lubricant, and hydraulic oil. By Region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In June 2016, BRB International B.V. opened a silicone synthesis plant to enhance its industrial footprint in Malaysia. The annual capacity of the plant was 10,000 metric tons. In October 2015, Shin-Etsu invested $180 million to open a new manufacturing facility to expand its silicone business in Japan.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS-
BY Type
BY Application
BY End-Use Industry
By Region
KEY MARKET PLAYERS
The other players in the value chain include Clearco Products Co., Inc., CES Silicones, Anhui Youcheng Siliconeoil Co., Ltd., Haynes Manufacturing Company, KB RollerTech Kopierwalzen GmbH, Fisher Scientific International, Inc., SYNCO Chemical Corporation, Elkay Chemicals Pvt. Ltd., MR Silicone Industries, KCC Silicone Corporation, Lubriplate Lubricants Co., Santa Cruz Biotechnology, Inc., Spectrum Laboratory Products Inc., Terra Silicon & Chemical Industry, Zhejiang Sucon Silicone Co., Ltd., Chem Cycle Bitterfeld GmbH, Guangzhou Yinghui Trading Co., Ltd, H. N. K. Silicone Enterprise, Iota Silicone Oil (Anhui) Co.,Ltd., and Esco Products, Inc.
A surge in demand for silicone oil from emerging economies, growth in industrialization, and proliferation in applications fuels the market growth. Silicone oil has replaced hydrocarbon-based products in various industrial applications, owing to its thermal stability. Asia-Pacific was the leading region and is expected to register substantial growth due to increase in demand for personal care products from emerging markets, such as China and India; as well as rapid industrialization and a rise in living standards. Moreover, the aforementioned factors are also expected to provide high potential for growth and development of silicone oil market. However, high manufacturing cost of silicone oil as compared to hydrocarbon oils limit its market growth.
The report segments the silicone oil market on the basis of end user, application, and geography. By end-use industry, it is classified into chemical, construction, personal care, textile, electronics, automotive, medical, and others, which includes, aerospace, pulp & paper, and food & beverages. Based on application, it is sub-divided into sealant, skin & hair care, textile coating, detergent, chemical intermediate, anti-foam agent, release agent, and others. The “others” category comprises water repellent, lubricant, and hydraulic oil. By Region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In June 2016, BRB International B.V. opened a silicone synthesis plant to enhance its industrial footprint in Malaysia. The annual capacity of the plant was 10,000 metric tons. In October 2015, Shin-Etsu invested $180 million to open a new manufacturing facility to expand its silicone business in Japan.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2020 to 2027 determine the prevailing opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- The market size is provided in terms of volume and revenue.
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Profiles of leading players operating in the market are provided to understand the competitive scenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth.
KEY MARKET SEGMENTS-
BY Type
- Straight Silicone Oil
- Modified Silicone Oil
BY Application
- Sealant
- Skin &Hair Care
- Textile Coating
- Detergent
- Chemical Intermediate
- Anti-foam Agent
- Release Agent
- Others
BY End-Use Industry
- Chemical
- Construction
- Personal Care
- Textile
- Electronics
- Automotive
- Medical
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Turkey
- Rest of LAMEA
KEY MARKET PLAYERS
- Wacker Chemie AG
- Evonik Industries AG
- Shin-Etsu Chemical Co., Ltd.
- Momentive Performance Materials, Inc.
- Dow Inc.
- Elkem ASA (Elkem)
- Siltech Corporation (Siltech)
- BRB International BV (BRB)
- CHT Group
- Iota Silicone Oil (Anhui) Co., Ltd (Iota Silicone Oil)
The other players in the value chain include Clearco Products Co., Inc., CES Silicones, Anhui Youcheng Siliconeoil Co., Ltd., Haynes Manufacturing Company, KB RollerTech Kopierwalzen GmbH, Fisher Scientific International, Inc., SYNCO Chemical Corporation, Elkay Chemicals Pvt. Ltd., MR Silicone Industries, KCC Silicone Corporation, Lubriplate Lubricants Co., Santa Cruz Biotechnology, Inc., Spectrum Laboratory Products Inc., Terra Silicon & Chemical Industry, Zhejiang Sucon Silicone Co., Ltd., Chem Cycle Bitterfeld GmbH, Guangzhou Yinghui Trading Co., Ltd, H. N. K. Silicone Enterprise, Iota Silicone Oil (Anhui) Co.,Ltd., and Esco Products, Inc.
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Silicone Oil Market, by Type
Chapter 5: Silicone Oil Market, by Application
Chapter 6: Silicone Oil Market, by End-Use Industry
Chapter 7: Silicone Oil Market, by Region
Chapter 8: Competitive Landscape
Chapter 9: Company Profiles
Executive Summary
According to the report titled, 'Silicone Oil Market by Type, Application, and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027', the silicone oil market was valued at $3.6 billion in 2019, and is projected to reach $6.1 billion by 2027, growing at a CAGR of 6.8% from 2020 to 2027. Silicone oil is used to manufacture different lubricants and oils across industries. Moreover, it has replaced hydrocarbon-based products in various industrial applications due to its superior thermal stability. The usage of silicone oil varies according to the end-user industry. For instance, in automotive industry, it is used as release agent, lubricating agent, and hydraulic oil among others. It is frequently finding usage in the medical segment due to its biocompatibility. Furthermore, it is also used for skin topical and personal care applications as it is non-sensitizing and non-irritating in nature.In chemical industry, it is used as an intermediate while formulating lubricants, antifoaming agents, and other products. Heat & cold resistance, viscosity stability, chemical stability, and low surface tension make silicone oil ideal for use in chemical industry. Chemical industry accounted for around one-fourth of the global silicone oil market revenue in 2019. Construction and personal care industries together contribute around half of the global market revenue. Though, automotive and medical industries contribute a small share in the global revenue, the revenue contribution from both the end users are estimated to grow the highest CAGR as compared to other segments.
Silicone oil has a wide range of applications such as sealant, skin & hair care, textile coating, detergent, chemical intermediate, anti-foam agent, release agent, and others. The skin & hair care application segment accounted for 25.7% of the silicone market revenue in 2019. North America and Europe silicone oil market were dominated by this segment with collective volume share of 52.6% in 2019. However, Asia-Pacific is estimated to witness the fastest growth, owing to rise in income and spending power of consumers in the emerging economies. Silicone oil market share is analyzed for the main regions i.e., North America, Europe, Asia-Pacific, and LAMEA.
The silicone oil market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the market include Wacker Chemie AG, Evonik Industries AG, Shin-Etsu Chemical Co., Ltd., Momentive Performance Materials, Inc., Dow Inc., Elkem ASA (Elkem), Siltech Corporation (Siltech), BRB International BV (BRB), CHT Group, and Iota Silicone Oil (Anhui) Co., Ltd (Iota Silicone Oil)
Other players in the value chain of the silicone oil market include Clearco Products Co., Inc., CES Silicones, Anhui Youcheng Siliconeoil Co., Ltd., Haynes Manufacturing Company, KB RollerTech Kopierwalzen GmbH, Fisher Scientific International, Inc., SYNCO Chemical Corporation, Elkay Chemicals Pvt. Ltd., MR Silicone Industries, KCC Silicone Corporation, Lubriplate Lubricants Co., Santa Cruz Biotechnology, Inc., Spectrum Laboratory Products Inc., Terra Silicon & Chemical Industry, Zhejiang Sucon Silicone Co., Ltd., Chem Cycle Bitterfeld GmbH, Guangzhou Yinghui Trading Co., Ltd, H. N. K. Silicone Enterprise, Iota Silicone Oil (Anhui) Co.,Ltd., and Esco Products, Inc.
Key Findings of the Study:
Depending on the type, the straight silicone oil segment is projected to grow at the highest CAGR of nearly 7.6%, in terms of revenue, during the forecast period.
Region wise, North America is expected to register the CAGR of nearly 7.1%, in terms of revenue, in the coming future.
By end-use industry, the medical segment is estimated to exhibit the CAGR of 9.3%, in terms of revenue.
Asia-Pacific dominated the silicone oil market with a share of over 40.0% in 2019, in terms of volume.
A comprehensive analysis of the factors that drive and restrain market growth is provided in the report.
The qualitative data in this report aims at the market dynamics, silicone oil market trends, and developments in the industry.
The silicone oil market size in provided in terms of volume and revenue.
Companies Mentioned
- Clearco Products Co. Inc.
- CES Silicones
- Anhui Youcheng Siliconeoil Co. Ltd.
- Haynes Manufacturing Company
- KB RollerTech Kopierwalzen GmbH
- Fisher Scientific International Inc.
- SYNCO Chemical Corporation
- Elkay Chemicals Pvt. Ltd.
- MR Silicone Industries
- KCC Silicone Corporation
- Lubriplate Lubricants Co.
- Santa Cruz Biotechnology Inc.
- Spectrum Laboratory Products Inc.
- Terra Silicon & Chemical Industry
- Zhejiang Sucon Silicone Co. Ltd.
- Chem Cycle Bitterfeld GmbH
- Guangzhou Yinghui Trading Co. Ltd
- H. N. K. Silicone Enterprise
- Iota Silicone Oil (Anhui) Co.,Ltd.
- Esco Products Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 376 |
| Published | May 2020 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 3.6 billion |
| Forecasted Market Value ( USD | $ 6.1 billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
