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
Silicone oil market, 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.
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