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Silicone Lubricant Market - Global Outlook & Forecast 2022-2027

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    Report

  • 230 Pages
  • September 2022
  • Region: Global
  • Arizton
  • ID: 5661148
UP TO OFF until Jun 30th 2024
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Silicone lubricants are designed to protect equipment & machinery against wear & tear, reduce downtime, prolong service intervals, lower maintenance costs, increase efficiency, and boost the productivity of machine processes. Silicone lubricants are water repellants and hence protect from rust. These lubricants perform well in extreme weather conditions.

The increase in demand for electric vehicles is expected to drive the demand for silicone lubricants as they are used in various parts for insulation and lubrication in electric vehicles. With the growing population across the world, there is growth in food processing industries, leading to an increase in demand for lubrication in the food & beverage industry. Hence this will increase the demand for silicone-based food grade lubricants in the market.

MARKET TRENDS & DRIVERS

A rise in demand for food-grade lubricants.

Lubricants play a vital role in the smooth functioning of machinery and equipment used in the food and beverage industry. Lubricants used in the food and beverage industry are manufactured by keeping in mind that they might accidentally come in contact with the foods and beverages that processers are making. Hence, they should be non-toxic and not influence the taste or smell of the food or beverage product. For lubricants to be used in the food and beverage industry should be certified as H1 grade by NSF and by other regulatory bodies such as FDA, USP, and WRAS. These lubricants are widely used in the food and beverage industry because they can work in high temperatures, not wash out, and can even be applied on plastic parts.

Growth In Electrical & Electronic Industry.

In recent years due to rapid industrialization, industry 4.0 has made massive development in the electrical and electronic industries. The electronics sector is mainly divided into electric utilities and general hardware. In addition, the increase in electric vehicle adoption would influence the silicone lubricant market as the automotive industry is one of the major end-use industries for silicone lubricants. The efficiency and presence of electrical current and electromagnetic fields from electric modules, sensors, and circuits should be considered while manufacturing silicone lubricants for EVs. In the electrical & electronic industry, silicone lubricants are used in various applications such as protection of battery terminals, potting of small electronic components, and screw thread lubrication to prevent sticking and corrosion.

INDUSTRY RESTRAINTS

High Cost of Silicone Lubricants

Silicone lubricant mainly consists of silicone as a raw material along with additives. Though silicone is the second most abundant element on earth’s crust, the cost is high. This is due to various factors such as increased energy cost associated with manufacturing, including conversion of sand to high purity silica and further refining silica before the chemical reactions polymerize it. In addition, many expensive components are used during silicone manufacturing, increasing the overall cost due to high maintenance.

SEGMENT ANALYSIS

a) On the basics of segment type, the silicone lubricant market is classified into two categories: oil and grease, and silicone oil is estimated to be the largest segment in the global silicone lubricant market. Silicone oils are used for the insulation of various products. They can also be used as heat transfer fluid as they provide thermal stability to the systems in which they are being used. These oils offer more excellent stability and are known for high-temperature non-toxic use at low surface tension and high power. Silicone grease is produced by mixing a thickener with silicone oil. It is waterproof grease. Commonly, amorphous fumed silica is used as a thickener and polydimethylsiloxane as silicone oil. Silicone oil is translucent, viscous, and incorporates lubrication properties depending upon the ingredients used to create the grease.

Segmentation by Product Type

  • Oil
  • Grease
b) By end-use, the manufacturing industry is estimated to be the major end-user for the global silicone lubricant market. The primary end-user industries for the silicone lubricant market are manufacturing, power generation, automotive, food & beverages, and others. Lubrication is necessary for the manufacturing industry as the machines and components are subjected to high stress as they are under constantly changing loads, vibrations, and changing operating conditions. Silicone lubricants are used in various food processing machines as well. Silicone-based food-grade lubricants play a vital role in the smooth functioning of food processing equipment. It protects the bearing, chain, mixers, pumps, conveyor belts, and other processing equipment from corrosion offers oxidation stability, and reduces the oil change intervals.

Segmentation by End Use

  • Manufacturing
  • Power Generation
  • Automotive
  • Food & Beverage
  • Others

GEOGRAPHICAL ANALYSIS

  • APAC is the largest market in terms of revenue for silicone lubricants due to rapid industrialization, increasing urbanization, growing population, and emerging economies, further helping in the growth of industrial activities and driving demand for silicone lubricant market.
  • The U.S. and Canada have major silicone lubricant market share in North America. In the U.S., the technological development and increased demand for goods will increase manufacturing activities, leading to the demand for silicone grease used in machinery.
  • In Latin America, the countries such as Brazil and Mexico are predicted to grow at a high rate due to the highly growing manufacturing industry. The silicone lubricant market in Brazil is expected to grow due to the highly increasing manufacturing, mining, construction, and agricultural sectors.

Segmentation by Geography

  • APAC
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of APAC
  • North America
  • US
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa

COMPETITIVE ANALYSIS

The global silicone lubricant market is highly fragmented, as many manufacturers across major markets exist. The global silicone lubricant market is characterized by the presence of diverse international & regional vendors. As international players increase their footprint in the industry, regional vendors will find it increasingly difficult to compete with them. However, some global players such as Shin-Etsu Chemicals Co., Ltd (Japan), 3M (US), Huntsman International LLC (US), Dow (US), Dupont (US), and many more have developed a complete product portfolio for silicone lubricant industry.

Due to the highly competitive and volatile environment in the global silicone lubricant market, growth would mainly depend on the capability to foresee, estimate, and adjust to constantly changing industry scenarios in the coming years. Major manufacturers have shifted toward environment-friendly lubricants with low content of sulfur by replacing lubricants formulated with petroleum products due to the rise in crude oil prices and the government's stringent regulations to reduce carbon footprint across the world.

Key Vendors

  • 3M
  • Dow
  • DuPont
  • Huntsman International LLC
  • Shin-Etsu Chemicals Co. ltd.

Other Prominent Vendors

  • B'laster Corporation
  • CHT Group
  • Elkem
  • ENI
  • FUCHS
  • Huskey Specialty Lubricants
  • Klüber Lubrication
  • Liqui Moly
  • Momentive
  • Rocol
  • Super lube
  • Tygris
  • Valvoline
  • Wacker Chemie

KEY QUESTIONS ANSWERED

1. What is the market size of the silicone lubricant market?
2. What is the growth rate of the silicone lubricant market?
3. Who are the key vendors in the silicone lubricant market?
4. Which region holds the largest silicone lubricant market share?
5. What are the latest trends in the global silicone lubricant market?

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Premium Insights
6.1 Silicone Lubricants Market-Global Forecast (2022-2027)
6.1.1 Market Overview
6.2 Market Synopsis
6.2.1 Trends
6.2.2 Drivers
6.2.3 Restraints
6.3 Segment Review
6.3.1 Company & Strategies
7 Market at a Glance
8 Introduction
8.1 Overview
8.2 Macro Factors
8.3 Value Chain Analysis
8.3.1 Raw Material Supplier
8.3.2 Manufacturers
8.3.3 Distributors
8.3.4 End-Users
9 Market Opportunities & Trends
9.1 High Demand from Evs
9.2 Rise in Demand for Food-Grade Silicone Lubricants
9.3 Increased Demand from the Pharmaceutical Industry
10 Market Growth Enablers
10.1 Growth of Electrical & Electronic Industry
10.2 Increase in Demand from Manufacturing Industries
10.3 Growth in Power Generation Sector
11 Market Restraints
11.1 High Cost of Silicone Lubricants
11.2 Technological Challenges of Silicone Lubricants
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry
13 Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Oil
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market by Geography
13.4 Grease
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography
14 End-Use
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Manufacturing
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market by Geography
14.4 Power Generation
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market by Geography
14.5 Automotive
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Market by Geography
14.6 Food & Beverage
14.6.1 Market Overview
14.6.2 Market Size & Forecast
14.6.3 Market by Geography
14.7 Others
14.7.1 Market Overview
14.7.2 Market Size & Forecast
14.7.3 Market by Geography
15 Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview
16 North America
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Type
16.3.1 Market Size & Forecast
16.4 End-Use
16.4.1 Market Size & Forecast
16.5 Key Countries
16.6 US
16.6.1 Us: Market Size & Forecast
16.7 Canada
16.7.1 Canada: Market Size & Forecast
17 Latin America
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Type
17.3.1 Market Size & Forecast
17.4 End-Use
17.4.1 Market Size & Forecast
17.5 Key Countries
17.6 Brazil
17.6.1 Brazil: Market Size & Forecast
17.7 Mexico
17.7.1 Mexico: Market Size & Forecast
17.8 Rest of Latin America
17.8.1 Rest of La: Market Size & Forecast
18 Middle East & Africa
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Type
18.3.1 Market Size & Forecast
18.4 End-Use
18.4.1 Market Size & Forecast
18.5 Key Countries
18.6 Saudi Arabia
18.6.1 Saudi Arabia: Market Size & Forecast
18.7 Uae
18.7.1 Uae: Market Size & Forecast
18.8 South Africa
18.8.1 South Africa: Market Size & Forecast
18.9 Rest of Middle East & Africa
18.9.1 Rest of Middle East & Africa: Market Size & Forecast
19 Apac
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Key Countries
19.4 Type
19.4.1 Market Size & Forecast
19.5 End-Use
19.5.1 Market Size & Forecast
19.6 China
19.6.1 China: Market Size & Forecast
19.7 India
19.7.1 India: Market Size & Forecast
19.8 Japan
19.8.1 Japan: Market Size & Forecast
19.9 Australia
19.9.1 Australia: Market Size & Forecast
19.10 South Korea
19.10.1 South Korea: Market Size & Forecast
19.11 Rest of Apac
19.11.1 Rest of Apac: Market Size & Forecast
20 Europe
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Type
20.3.1 Market Size & Forecast
20.4 End-Use
20.4.1 Market Size & Forecast
20.5 Key Countries
20.6 Germany
20.6.1 Germany: Market Size & Forecast
20.7 UK
20.7.1 Uk: Market Size & Forecast
20.8 France
20.8.1 France: Market Size & Forecast
20.9 Italy
20.9.1 Italy: Market Size & Forecast
20.10 Spain
20.10.1 Spain: Market Size & Forecast
20.11 Russia
20.11.1 Russia: Market Size & Forecast
20.12 Rest of Europe
20.12.1 Rest of Europe: Market Size & Forecast
21 Competitive Landscape
21.1 Competition Overview
22 Key Company Profiles
22.1 3M
22.1.1 Company Overview
22.1.2 3M in Silicone-Based Lubricants
22.1.3 Financial Overview
22.1.4 Product Offerings
22.1.5 Key Strategies
22.1.6 Key Strengths
22.1.7 Key Opportunities
22.2 Dow
22.2.1 Company Overview
22.2.2 Dow in Silicone Lubricants Market
22.2.3 Financial Overview
22.2.4 Product Offerings
22.2.5 Key Strategies
22.2.6 Key Strengths
22.2.7 Key Opportunities
22.3 Dupont
22.3.1 Company Overview
22.3.2 Financial Overview
22.3.3 Product Offerings
22.3.4 Key Strategies
22.3.5 Key Strengths
22.3.6 Key Opportunities
22.4 Huntsman International LLC
22.4.1 Company Overview
22.4.2 Huntsman International LLC in the Silicone Lubricants Market
22.4.3 Financial Overview
22.4.4 Product Offerings
22.4.5 Key Strategies
22.4.6 Key Strengths
22.4.7 Key Opportunities
22.5 Shin-Etsu Chemical Co. Ltd.
22.5.1 Company Overview
22.5.2 Financial Overview
22.5.3 Product Offerings
22.5.4 Key Strategies
22.5.5 Key Strengths
22.5.6 Key Opportunities
23 Other Prominent Vendors
23.1 B'laster Corporation
23.1.1 Company Overview
23.1.2 Business & Financial Overview
23.1.3 Product Offerings
23.2 Cht Group
23.2.1 Company Overview
23.2.2 Business & Financial Overview
23.2.3 Product Offerings
23.3 Elkem
23.3.1 Company Overview
23.3.2 Product Offerings
23.4 Eni
23.4.1 Company Overview
23.4.2 Business & Financial Overview
23.4.3 Product Offerings
23.5 Fuchs
23.5.1 Company Overview
23.5.2 Business & Financial Overview
23.5.3 Product Offerings
23.6 Huskey Specialty Lubricants
23.6.1 Company Overview
23.6.2 Product Offerings
23.7 Klüber Lubrication
23.7.1 Company Overview
23.7.2 Product Offerings
23.8 Liqui Moly
23.8.1 Company Overview
23.8.2 Product Offerings
23.9 Momentive
23.9.1 Company Overview
23.9.2 Business & Financial Overview
23.9.3 Product Offerings
23.10 Rocol
23.10.1 Company Overview
23.10.2 Business & Financial Overview
23.10.3 Product Offerings
23.11 Super Lube
23.11.1 Company Overview
23.11.2 Product Offerings
23.12 Tygris
23.12.1 Company Overview
23.12.2 Product Offerings
23.13 Valvoline
23.13.1 Company Overview
23.13.2 Business & Financial Overview
23.13.3 Product Offerings
23.14 Wacker Chemie
23.14.1 Company Overview
23.14.2 Product Offerings
24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations
25 Quantitative Summary
25.1 Market by Type
25.1.1 Silicone Oil
25.1.2 Silicone Grease
25.2 Market by End-Use
25.2.1 Manufacturing
25.2.2 Power Generation
25.2.3 Automotive
25.2.4 Food & Beverage
25.2.5 Others
25.3 Market by Geography
25.3.1 North America
25.3.2 Europe
25.3.3 Apac
25.3.4 Latin America
25.3.5 Middle East & Africa
26 Appendix
26.1 Abbreviations

Companies Mentioned

  • 3M
  • Dow
  • DuPont
  • Huntsman International LLC
  • Shin-Etsu Chemicals Co. ltd.
  • B'laster Corporation
  • CHT Group
  • Elkem
  • ENI
  • FUCHS
  • Huskey Specialty Lubricants
  • Klüber Lubrication
  • Liqui Moly
  • Momentive
  • Rocol
  • Super lube
  • Tygris
  • Valvoline
  • Wacker Chemie

Methodology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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