IMARC Group, a leading market research company, has recently releases report titled “Silicone Oil Market Report by Type (Straight Silicone Oil, Modified Silicone Oil), Application (Sealant, Skin and Hair Care, Textile Coating, Chemical Intermediate, Anti-foam Agent, Release Agent, and Others), End Use Industry (Chemical, Construction, Personal Care, Textile, Electronics, Automotive, Medical, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global silicone oil market.
How Big is the Silicone Oil Market?
The global silicone oil market size reached US$ 3.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.
Industry Overview of Silicone Oil
Silicone oil refers to a transparent linear polysiloxane compound that comprises repeating chains of silicon and oxygen. It is widely available as polymethyl hydrogen siloxane, amino, phenyl methyl, vinyl, and hydrogen silicone oil. It is an organic, odorless, non-flammable, safe, effective, non-toxic, water-resistant, easy to clean, non-stick, stain-resistant, environment-friendly, and skin-friendly product. It is stable to heat oxidation and chemical attack and has the capability of providing anti-corrosion protection for metal surfaces and improves the softness of a product with minimum impact on tissue strength. It offers high thermal stability, flexibility, durability, compressibility, and low surface tension as compared to different hydrocarbon and mineral oils. It has dielectric properties and provides resistance against stress, natural aging, oxidation, and hydrolysis. It assists in providing improved weatherability, enhancing antistatic and antibacterial properties of tissues, and increasing lubrication performance. Besides this, it aids in retaining moisture, decreasing surface tension, and maintaining high-performance coating in a product. As a result, silicone oil is employed in the pharmaceutical, cosmetic, electronics, aerospace, textile, chemical, medical, construction, automotive, and furniture industries across the globe.
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What are the growth prospects and trends in the silicone oil industry?
At present, the rising adoption of silicone oil in the medical industry in vitreoretinal surgery, as it displaces aqueous humor from the retinal surface and maintains the adhesion between the retina and retinal pigment epithelium, represents one of the key factors contributing to the growth of the market. Besides this, the growing demand for silicone oil in the food service industry due to its anti-foaming properties is offering a positive market outlook.
Additionally, there is a rise in the adoption of environmentally friendly materials due to the growing awareness of the harmful impact of chemical-based products among individuals around the world. This, coupled with the increasing demand for silicone oil in anti-flatulent medicine to reduce immoderately formed gas in the digestive system among individuals, is bolstering the growth of the market.
Apart from this, the rising utilization of silicone oil as lubricants for polymers and rubbers due to its low coefficients of friction is impelling the growth of the market. Moreover, the increasing adoption of silicone oil in the cosmetic industry in ointments and creams to prevent skin from drying by forming a protective layer across the skin is offering lucrative growth opportunities to industry investors.
In addition, the rising utilization of silicone oil in the automotive industry for cooling fan clutch assemblies is supporting the growth of the market. Furthermore, the increasing adoption of silicone oil in the textile industry to provide enhanced softness and smoothness in a fabric is strengthening the growth of the market.
Leading Companies Operating in the Global Silicone Oil Industry:
- 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.
- Wacker Chemie AG
Silicone Oil Market Report Segmentation:
The report has segmented the market into the following categories:
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
Breakup by End Use Industry:
- Chemical
- Construction
- Personal Care
- Textile
- Electronics
- Automotive
- Medical
- Others
Market 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 require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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