Loading...

Silicone Oil Market to Reach $2,557 Million, Globally, by 2022

 
 

quote As of 2015, automotive and medical industries contributed a small share in the global silicone oil market revenues, but the scenario is expected to change in future and estimated to grow at higher CAGR. quote

Eswar Prasad

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Silicone Oil Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $2,557 million by 2022, registering a CAGR of 4.6% during the period 2016-2022.Automotive and medical segments are expected to be the fastest growing end users in terms of revenue; whereas personal care and electronics segments are projected to be fastest growing segment in terms of volume.

View Detail Summary of this report:https://www.alliedmarketresearch.com/silicone-oil-market

Biocompatibility, alternative usage to hydrocarbon-based products and topical applications are anticipated to propel the silicone oil demand worldwide. Since, silicone oil market growth is driven by various factors such as increased usage in manufacturing of various lubricants and fluids across industries, it has replaced hydrocarbon-based products in various industrial applications due to its superior thermal stability. In addition, its biocompatibility property has led to an increase in its adoption in the medical industry. Furthermore, it is also used in skin topical and personal care applications owing to its non-sensitizing and non-irritating nature.

Chemical industry accounted for around one-fourth of the global silicone oil market revenue in 2015. This can be attributed to its properties that include heat & cold resistance, viscosity stability, chemical stability, and low surface tension that make it ideal for chemical industry. Moreover, construction and personal care are other important end users of silicone oil. It is used as coatings, sealants, and water repellents in construction industry, owing to its ability to cross-link into films in presence of catalysts and form waterproof membranes on the surface of various materials; while in personal care industry, it is used in anti-aging creams and sunscreens as it offers volatility control, a smooth feel, improved water repellency, excellent spread-ability, and enhanced gloss. In addition, it is used in hair care products for hair conditioning, increased shine, color protection, and frizz control.

In the year 2015, the skin & hair applications, sealants, and chemical intermediate application segments together accounted for more than three-fifths share of the silicone oil market revenue. Asia-Pacific has witnessed a rise in market share of these applications owing to an increase in individual expenditure on skin & hair care products as well as rapid growth of infrastructure activities in the region.

Key Findings of the Silicone Oil Market

  • Though U.S. will continue to dominate the North America silicone oil market, Canada will grow at a higher CAGR of 5.9% during forecast period.
  • Asia-Pacific is the major and fastest growing region with the CAGR of 5.0% in terms of volume for silicone oil market.
  • France dominated the European market with around one-fourth revenue share in 2015.
  • Chemical and construction end user segments together accounted for around half of the revenue share and dominated the market in 2015.

North America and Europe together accounted for over half of the market revenues in 2015. However, Asia-Pacific is major market for silicone oil and is also estimated to witness the fastest growth owing to the rise in income and spending power of consumers in the emerging economies. Asia-Pacific contributed to around two-fifths of the market revenue in 2015 followed by Europe and North America. China alone accounted for one-fourth share from the overall Asia-Pacific revenue in 2015.

The key players have adopted product launch and expansion as their key strategies to develop innovative products, reduce competition and capture additional market share. The prominent players profiled in this report include Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., Bluestar Silicones International Co., Ltd (Elkem), Dow Corning Corporation, Wacker Chemie AG, Evonik Industries AG, Sigma-Aldrich Corporation (Merck), BRB International B.V., ACC Silicones Ltd., and Siltech Corporation.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Shaun Godinho
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Silicone Oil Market by End User (Chemical, Construction, Personal Care, Textile, Electronics, Automotive, Medical, Others), by Application (Sealant, Skin And Hair Care, Textile Coating, Detergent, Chemical Intermediate, Anti-Foam Agent, Release Agent, Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Silicone Oil Market"
Purchase Enquiry