Silicone Oil Market Size, Share | Industry Analysis 2022-27

The latest research study “Silicone Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global silicone oil market size reached a value of US$ 3.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5.1 Billion by 2027 exhibiting a CAGR of 6.70% during 2022-2027.

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Silicone oil is an odorless, non-toxic, transparent linear polysiloxane compound that offers higher thermal stability, flexibility, and compressibility than hydrocarbon and mineral oils. It is used as dielectric, electronics-grade, heating or cooling, diffusion pump, hydraulic or damping and thermostatic fluids, lubricants, paint and home care product additives, and softeners. It exhibits superior resistance against shear stress, natural aging, oxidation, and hydrolysis and possesses remarkable dielectric properties. As a result, silicone oil finds extensive applications in the cosmetics, pharmaceutical, and medical industries across the globe.

COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Silicone Oil Market Trends and Drivers:

The global silicone oil market is primarily driven by the rising product demand for manufacturing personal care products due to its non-toxicity, low density, and high viscosity. Moreover, with the increasing environmental consciousness among individuals, the surging adoption of silicone oil as an eco-friendly material due to its biocompatible and biodegradable properties is positively influencing the market growth.

Additionally, there has been a rise in product applications in the automotive sector as lubricants and thermic fluid oils. Along with this, the escalating demand for silicone oil as a conformal coating for electronic circuit boards has catalyzed market growth. Furthermore, the increasing utilization of silicone oil in vitreoretinal surgery to maintain adhesion between the retina and retinal pigment epithelium and displace aqueous humor from the retinal surface is contributing to the market growth.

Other factors, including the rising mergers and acquisitions (M&A) among key players, escalating product demand from the renewable energy and textile sectors, inflating consumer expenditure capacities, and rapid industrialization, are also anticipated to propel the market growth.

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Global Silicone Oil Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Silicone Oil Companies:

Aurolab (Aravind Eye Care System), BRB International B.V., China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation), CHT Group, Clearco Products Co. Inc., Dow Inc., Evonik Industries AG, Iota Silicone Oil (Anhui) Co. Ltd., Merck KGaA, Momentive Performance Materials Inc., Shin-Etsu Chemical Co. Ltd., Siltech Corporation, Thermo Fisher Scientific Inc. and Wacker Chemie AG.

The report has segmented the market on the basis of region, type, application and end use industry.

Breakup by Type:

  • Straight Silicone Oil
  • Modified Silicone Oil

Breakup by Application:

  • Sealant
  • Skin and Hair Care
  • Textile Coating
  • Chemical Intermediate
  • Anti-foam Agent
  • Release Agent
  • Others

Market Breakup by End Use Industry:

  • Chemical
  • Construction
  • Personal Care
  • Textile
  • Electronics
  • Automotive
  • Medical
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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By Khizar Akhtar

Hi, I am Amelia Cruz. I have been working as a product manager at Rananjay Exports for more than five years. Rananjay Exports is a worldwide manufacturing and wholesaling company based in India that deals in Opal Jewelry and other 200 plus varieties of gemstones. Our jewelry is made with genuine and ethically sourced gemstones that are loved by jewelry resellers worldwide. Bearing the signature of Rananjay Exports, each jewel is created with good quality. Moreover, We are dedicated to giving exclusive member benefits to our customers with a memorable shopping experience.

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