Silicone Oil Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Analyst Perspective
The global silicone oil market is expected to register a CAGR of 6.7%. The global silicone oil market is rising due to demand for silicone-based products in the healthcare, electronics, construction, and automotive industries. The popularity of silicone is driven by its impressive thermal stability, electrical insulation, and resistance to chemicals and weathering. Additionally, the market benefits from increased investment in research and development as companies strive to enhance the performance of silicone-based products. Innovations, such as high-purity silicone acids with improved characteristics, are anticipated to fuel market growth, offering new opportunities in the market. High product cost, volatility of raw materials, and limited lubricity are significant challenges that may hamper the growth of the silicone oil market.
Market Overview
Silicone oil, characterized by its liquid polymerized siloxane with organic side chains, is becoming increasingly popular in many sectors. Silicon oil is broadly used as a lubricant and acts as a superior electrical insulator. The market is poised for growth as it displaces hydrocarbon-based alternatives, particularly in emerging economies. The increasing use of silicone oil in medical devices, implants, and drug delivery systems presents lucrative opportunities. Overall, the silicone oil market is projected for significant growth in the forecasted period, fuelled by its diverse applications and advantageous properties.
Market Drivers
The growing demand for silicone oil in personal care products can be attributed to its unique properties that make it an ideal ingredient in various formulations. Silicone oil is known for its ability to provide smoothness, softness, and shine to hair and skin products without leaving a greasy residue. It helps improve the spreadability of creams and lotions, enhances the texture of cosmetics, and provides long-lasting benefits such as water resistance and UV protection. Additionally, silicone oil is non-comedogenic, meaning it won't clog pores, making it suitable for use in skincare products for all skin types. Furthermore, silicone oil has a high refractive index, which means it can create a reflective surface on the skin, giving it a smooth and radiant appearance. This makes it a popular ingredient in products like primers, foundations, and highlighters.
Market Segmentation
The global silicone oil market is segmented based on type, function, and end-use. The global silicone oil market is segmented based on type into straight silicone oil and modified silicone oil. The silicone oil market is segmented based on function into lubricants, water repulsion, heat carriers, working media, and others. Based on end-use, it is segmented into industrial, home care, personal care, transportation, pharmaceuticals and healthcare, electrical and electronics, sealants, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global silicone oil market based on several segments. It also provides market size and forecast estimates from 2020 to 2030 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The silicone oil market by region is also sub-segmented by respective countries and segments. The silicone oil market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the silicone oil market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the silicone oil market in these regions.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the silicone oil market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the silicone oil market are anticipated to have lucrative growth opportunities with the growing demand for silicone oil in personal care products in the global market.
The report includes key companies' profiles, SWOT analysis, and silicone oil market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the silicone oil market.
- DOW
- Wacker Chemie AG
- Shin-Etsu Chemical Co., Ltd.
- Momentive
- CHT Germany GmbH
- BRB International B.V.
- Elkem ASA
- IOTA silicone
- Clearco Products Co., Inc.
- Aurolab
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Silicone Oil Market - By End-User Industry
1.3.2 Silicone Oil Market - By Application
1.3.3 Silicone Oil Market - By Region
1.3.3.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SILICONE OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SILICONE OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SILICONE OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. SILICONE OIL - GLOBAL MARKET OVERVIEW
6.2. SILICONE OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SILICONE OIL MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
7.1. OVERVIEW
7.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
7.3. INDUSTRIAL
7.3.1. Overview
7.3.2. Industrial Market Forecast and Analysis
7.4. PERSONAL CARE AND HOMECARE
7.4.1. Overview
7.4.2. Personal Care and Homecare Market Forecast and Analysis
7.5. TEXTILE
7.5.1. Overview
7.5.2. Textile Market Forecast and Analysis
7.6. ENERGY
7.6.1. Overview
7.6.2. Energy Market Forecast and Analysis
7.7. AUTOMOTIVE AND TRANSPORTATION
7.7.1. Overview
7.7.2. Automotive and Transportation Market Forecast and Analysis
7.8. AGRICULTURE
7.8.1. Overview
7.8.2. Agriculture Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. SILICONE OIL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. LUBRICANTS
8.3.1. Overview
8.3.2. Lubricants Market Forecast and Analysis
8.4. WATER REPELLANTS
8.4.1. Overview
8.4.2. Water Repellants Market Forecast and Analysis
8.5. WORKING MEDIA
8.5.1. Overview
8.5.2. Working Media Market Forecast and Analysis
8.6. HEAT CARRIER
8.6.1. Overview
8.6.2. Heat Carrier Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SILICONE OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Silicone Oil Market Overview
9.1.2 North America Silicone Oil Market Forecasts and Analysis
9.1.3 North America Silicone Oil Market Forecasts and Analysis - By End-User Industry
9.1.4 North America Silicone Oil Market Forecasts and Analysis - By Application
9.1.5 North America Silicone Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Silicone Oil Market
9.1.5.1.1 United States Silicone Oil Market by End-User Industry
9.1.5.1.2 United States Silicone Oil Market by Application
9.1.5.2 Canada Silicone Oil Market
9.1.5.2.1 Canada Silicone Oil Market by End-User Industry
9.1.5.2.2 Canada Silicone Oil Market by Application
9.1.5.3 Mexico Silicone Oil Market
9.1.5.3.1 Mexico Silicone Oil Market by End-User Industry
9.1.5.3.2 Mexico Silicone Oil Market by Application
9.2. EUROPE
9.2.1 Europe Silicone Oil Market Overview
9.2.2 Europe Silicone Oil Market Forecasts and Analysis
9.2.3 Europe Silicone Oil Market Forecasts and Analysis - By End-User Industry
9.2.4 Europe Silicone Oil Market Forecasts and Analysis - By Application
9.2.5 Europe Silicone Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Silicone Oil Market
9.2.5.1.1 Germany Silicone Oil Market by End-User Industry
9.2.5.1.2 Germany Silicone Oil Market by Application
9.2.5.2 France Silicone Oil Market
9.2.5.2.1 France Silicone Oil Market by End-User Industry
9.2.5.2.2 France Silicone Oil Market by Application
9.2.5.3 Italy Silicone Oil Market
9.2.5.3.1 Italy Silicone Oil Market by End-User Industry
9.2.5.3.2 Italy Silicone Oil Market by Application
9.2.5.4 United Kingdom Silicone Oil Market
9.2.5.4.1 United Kingdom Silicone Oil Market by End-User Industry
9.2.5.4.2 United Kingdom Silicone Oil Market by Application
9.2.5.5 Rest of Europe Silicone Oil Market
9.2.5.5.1 Rest of Europe Silicone Oil Market by End-User Industry
9.2.5.5.2 Rest of Europe Silicone Oil Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Silicone Oil Market Overview
9.3.2 Asia-Pacific Silicone Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Silicone Oil Market Forecasts and Analysis - By End-User Industry
9.3.4 Asia-Pacific Silicone Oil Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Silicone Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Silicone Oil Market
9.3.5.1.1 Australia Silicone Oil Market by End-User Industry
9.3.5.1.2 Australia Silicone Oil Market by Application
9.3.5.2 China Silicone Oil Market
9.3.5.2.1 China Silicone Oil Market by End-User Industry
9.3.5.2.2 China Silicone Oil Market by Application
9.3.5.3 India Silicone Oil Market
9.3.5.3.1 India Silicone Oil Market by End-User Industry
9.3.5.3.2 India Silicone Oil Market by Application
9.3.5.4 Japan Silicone Oil Market
9.3.5.4.1 Japan Silicone Oil Market by End-User Industry
9.3.5.4.2 Japan Silicone Oil Market by Application
9.3.5.5 South Korea Silicone Oil Market
9.3.5.5.1 South Korea Silicone Oil Market by End-User Industry
9.3.5.5.2 South Korea Silicone Oil Market by Application
9.3.5.6 Rest of Asia-Pacific Silicone Oil Market
9.3.5.6.1 Rest of Asia-Pacific Silicone Oil Market by End-User Industry
9.3.5.6.2 Rest of Asia-Pacific Silicone Oil Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Silicone Oil Market Overview
9.4.2 Middle East and Africa Silicone Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Silicone Oil Market Forecasts and Analysis - By End-User Industry
9.4.4 Middle East and Africa Silicone Oil Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Silicone Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Silicone Oil Market
9.4.5.1.1 South Africa Silicone Oil Market by End-User Industry
9.4.5.1.2 South Africa Silicone Oil Market by Application
9.4.5.2 Saudi Arabia Silicone Oil Market
9.4.5.2.1 Saudi Arabia Silicone Oil Market by End-User Industry
9.4.5.2.2 Saudi Arabia Silicone Oil Market by Application
9.4.5.3 U.A.E Silicone Oil Market
9.4.5.3.1 U.A.E Silicone Oil Market by End-User Industry
9.4.5.3.2 U.A.E Silicone Oil Market by Application
9.4.5.4 Rest of Middle East and Africa Silicone Oil Market
9.4.5.4.1 Rest of Middle East and Africa Silicone Oil Market by End-User Industry
9.4.5.4.2 Rest of Middle East and Africa Silicone Oil Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Silicone Oil Market Overview
9.5.2 South and Central America Silicone Oil Market Forecasts and Analysis
9.5.3 South and Central America Silicone Oil Market Forecasts and Analysis - By End-User Industry
9.5.4 South and Central America Silicone Oil Market Forecasts and Analysis - By Application
9.5.5 South and Central America Silicone Oil Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Silicone Oil Market
9.5.5.1.1 Brazil Silicone Oil Market by End-User Industry
9.5.5.1.2 Brazil Silicone Oil Market by Application
9.5.5.2 Argentina Silicone Oil Market
9.5.5.2.1 Argentina Silicone Oil Market by End-User Industry
9.5.5.2.2 Argentina Silicone Oil Market by Application
9.5.5.3 Rest of South and Central America Silicone Oil Market
9.5.5.3.1 Rest of South and Central America Silicone Oil Market by End-User Industry
9.5.5.3.2 Rest of South and Central America Silicone Oil Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SILICONE OIL MARKET, KEY COMPANY PROFILES
11.1. ACC SILICONES LTD,
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BRB INTERNATIONAL BV
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CLEARCO PRODUCTS CO., INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. D R P SILICONE.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ELKEM SILICONES
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EVONIK INDUSTRIES AG
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. IOTA SILICONE OIL (ANHUI) CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KCC BASILDON
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHIN-ETSU CHEMICAL CO., LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WACKER CHEMIE AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. ACC Silicones Ltd,
2. BRB International BV
3. Clearco Products Co., Inc
4. D R P Silicone.
5. Elkem Silicones
6. Evonik Industries AG
7. Iota Silicone Oil (Anhui) Co., Ltd.
8. KCC Basildon
9. Shin-Etsu Chemical Co., Ltd
10. Wacker Chemie AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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