Market Synopsis:
Silicone oil is a liquid polymerized siloxane with organic side chains. It is also known as polydimethylsiloxane (PDMS). The compound is colorless, transparent, viscous liquid that can be obtained in a wide range of viscosities. Viscosity is interlinked to the molecular weight of the silicone polymer. It offers various significant properties such as high thermal stability, low surface tension, oxidation stability, chemical inertness, high shear stability & viscoelasticity, high thermal conductivity, excellent dielectric properties, incompressible as well as are non-toxic, non-flammable, and non-corrosive nature.
Silicon oil finds application as damping fluid to
dampen vibration, dampen motion, and dampen torque in various end-use
industries such as military & defense, aerospace, automotive, oil & gas
exploration where high rates of pulsation and vibrations are encountered.
Damping fluids are used in a range of equipment such as pressure gauges, pumps,
flow testing equipment, geothermal monitoring equipment, subsea gadgets &
cables, shock dampeners for vehicles, aviation gyroscopes, and others.
Silicon oils are also used as thermal bath fluids owing to its high
thermal stability in industries, which deals with pumping and circulating over
a wide service temperature range such as chemical & petrochemical,
automotive, and aerospace industry among other. Additionally, silicone oil is
widely used as a lubricant in different end-use industries such as textile,
automotive, and aerospace as base fluid for greases, gasket lubricant,
valve lubricant, sewing thread lubricant, and others. It also drives demand in
the electronics industry as a dielectric fluid for various applications
such as in capacitors, klystrons, magnetrons, microwave tubes, power
rectifiers, radar equipment, and transformers among other. Furthermore, it is
used in polishing applications such as boat polishing, car polishing, furniture
polishing, metal cleaners, vinyl polishing, and window cleaners among other
owing to its viscosity and glossy nature. Furthermore, Cosmetics & personal
care industry drive huge demand of silicone oil for synthesizing
antiperspirants, deodorants, hand creams and lotions, hair sprays, lipstick,
make‐up or color cosmetics, shampoos and conditioners,
shaving creams. Silicone oil also finds application in the healthcare
industry such as in vitreoretinal surgery, Process Aids for Antibiotic
Preparations, Sterilization Baths, and others.
Strong demand for cosmetics &
personal care products on account of expanding population and rising disposable
income are likely to drive the growth of the silicone oil market over the
forecast period. Growing automotive industry in Asia Pacific owing to rising
consumer purchasing power and low labor cost is expected to drive a huge demand
for silicone oil in various applications as a lubricant, release agent, damping
fluid, dielectric fluid, and thermal bath fluid over the forecast period. The
healthcare industry is also expected to drive a significant demand for silicone
oil over the forecast period. However, high production cost of silicon
oil is likely to hinder the market growth during the forecast period.
Furthermore, availability of bio-based substitutes such as bio-based oil may
also hamper the demand for silicon oil in cosmetics industry during the
forecast period.
Market Segmentation The global silicone oil market is segmented by application, end-use industry, and region.
On the basis of the application,
the global silicone oil market is segmented into damping fluid, thermal bath
fluid, lubricant, dielectric fluid, cosmetics & personal care products,
pharmaceuticals, polishes and others.
On the basis of the end-user industry, the global
silicone oil market is segmented into cosmetics & personal care,
healthcare, automotive, aerospace, electronics, industrial, textile, and
others.
Regional AnalysisThe global silicone oil market is
segmented into five regions namely Asia Pacific, North America, Europe, Latin
America, and the Middle East and Africa.
The Asia Pacific was the largest
and fastest growing market of silicone oil in 2017 and is expected to continue
growing over the forecast period. Rapid industrialization in the emerging
economies owing to relaxed investment norms, government initiatives, and low
labor cost is expected to contribute significantly to the growth of the market.
End-use industries such as cosmetics & personal care, automobile,
healthcare, industrial, and textile are expected to drive the market growth
over the forecast period, 2018-2023. Europe is expected to be the second
largest growing market with bolstering demand for silicone oil over the
forecast period. This growth is attributed to various end-use industries such
as strong automotive industry established cosmetics & personal care
industry, and growing microelectronics industry of Europe is expected to drive
the silicone oil market of this region. North America is expected to drive
significant demand for silicone oil over the forecast period. End-use
industries such as aerospace, cosmetics & personal care, the textile
industry is expected to be contributing the market growth during the forecast
period. The Middle East & Africa is expected witness moderate demand for
silicone oil due to cosmetics & personal care and chemical &
petrochemical industries over the forecast period. Latin America held the least
market share in 2017 due to the slow regional development and is expected to
show sluggish demand over the forecast period.
Key Players Some of the major players operating in the global silicone oil market are Merck KGaA (Germany), Aurolab (India), Clearco Products Co., Inc. (U.S.), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Elkem Silicones (France), Momentive Performance Materials Inc. (US), Thermo Fisher Scientific, Inc. (U.S.), D R P Silicone (India), Evonik Industries AG (Germany), ACC Silicones Ltd. (UK), BRB International (Netherlands), Siltech Corporation (Canada), Anhui Youcheng Siliconeoil Co., Ltd. (China), and China National Bluestar (Group) Co,Ltd. (China).
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