Global Silicone Oil Market
By Application (Textile, Automotive, Energy, Industrial, Agriculture, Personal Care & Home Care), End-Use (Heat Carrier, Lubricant, Working Media, Water Repellant) and Regional Market Size, Status and Forecast to 2025
The global Silicone Oil market was valued at USD 1.95 billion in 2016 and is projected to reach USD 2.95 billion by 2025, growing at a CAGR of 4.7% from 2017 to 2025.
A silicone oil is polymerized siloxane with organic side chains. The growing demand for silicone derivatives in various industries is boosting the demand for silicone oil. The substitution of traditional lubricants with silicone oil will aid market growth over the forecast period.
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1. Market Drivers
1.1 Increasing demand for silicon based products
1.2 Growing R & D efforts in the silicon industry
2. Market Restraints
2.1 High cost of final product
The global Silicone Oil market is segmented on the application, end-use and region.
1. By Application:
1.4 Personal Care and Home Care
2. By End-Use:
2.1 Water Repellants
2.2 Working Media
2.4 Heat Carrier
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Wacker Chemie AG
2. DOW Corning
3. Momentive Performance Materials
4. Bluestar Silicones
5. Shin-Etsu Chemicals
6. Iota Silicone Oil Co. Ltd
7. M.R. Silicone Industries
8. Clearco Products
9. ACC Silicones
10. KCC Basildon Chemical Company
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Silicone Oil market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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