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. Global silicone oil market is expected to grow at a CAGR of 4.6% from 2016 to 2022 to reach $2,557 million by 2022 from $1,865 million in 2015.
Surge in demand for from emerging economies, growth in industrialization, and proliferation in applications fueled the market growth for silicone oil industry. 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 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 user, 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 geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS:
This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2014-2022, to identify the prevailing market opportunities.
Major countries in each region are mapped according to individual market revenue.
This study evaluates the competitive landscape and value chain to understand the competitive environment across the geographies.
Comprehensive analysis of factors that drive and restrict the growth of the silicone oil market is provided.
Leading players are profiled and their key developments in recent years are listed.
KEY MARKET SEGMENTS:
By End User
Chemical
Construction
Personal Care
Textile
Electronics
Automotive
Medical
Others (Aerospace, Pulp & Paper, Food & Beverages)
By Application
Sealant
Skin and Hair Care
Textile Coating
Detergent
Chemical Intermediate
Anti-Foam Agent
Release Agent
Others (Water Repellent, Lubricant, Hydraulic Oil)
By Geography
North America
U.S.
Canada
Mexico
Others
Europe
UK
Germany
France
Italy
Others
Asia-Pacific
China
Japan
India
Others
LAMEA
South Africa
Brazil
Turkey
Other
Major players operating in this market are:
Wacker Chemie A.G. (Germany)
Dow Corning Corporation (U.S.)
Momentive Performance Materials Inc. (U.S.)
Shin-Etsu Chemical Co., Ltd. (Japan)
Bluestar Silicones International Co., Ltd.(France)
ACC Silicones Ltd. (UK)
BRB International B.V. (Europe)
Siltech Corporation (Canada)
Evonik Industries AG (Germany)
Sigma-Aldrich Corporation (U.S.)
Other important companies from value chain are (Companies mentioned above are not profiled in the report and can be profiled upon client request):
Clearco Products Co., Inc. (U.S.)
CES Silicones (Belgium)
Anhui Youcheng Siliconeoil Co., Ltd. (China)
Haynes Manufacturing Company (U.S.)
KB RollerTech Kopierwalzen GmbH (Germany)
Fisher Scientific International, Inc. (U.S.)
SYNCO Chemical Corporation (U.S.)
Elkay Chemicals Pvt. Ltd. (India)
MR Silicone Industries (India)
KCC Silicone Corporation (U.S.)
Lubriplate Lubricants Co. (U.S.)
Santa Cruz Biotechnology, Inc. (Canada)
Spectrum Laboratory Products Inc.(Canada)
Terra Silicon & Chemical Industry (Turkey)
Zhejiang Sucon Silicone Co., Ltd. (China)
Chem Cycle Bitterfeld GmbH (Germany)
Guangzhou Yinghui Trading Co., Ltd (China)
H. N. K. Silicone Enterprise (India)
Iota Silicone Oil (Anhui) Co.,Ltd. (China)
Esco Products, Inc. (U.S.)
