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Global Silicone Oil Market InsightFebruary 7, 2022 Comments
The Silicone Oil is forecast to crazy increase over the next few years. According to the WK-chem Research “Global Silicone Oil Professional Survey Report 2022, Forecast to 2027”, With the the growing demand for it in the personal care and home care sectors, the silicone oil industry is expected to develop brightly, but the global silicone oil market is expected to grow at a lower rate in the near term due to the impact of COVID-19. With the widespread availability of vaccines and the gradual control of the epidemic, the market is expected to recover in the future., the Silicone Oil industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.12% base on WK-chem Research regression analysis model.
Silicone oil-based products are rapidly replacing hydrocarbon-based products, and the demand from emerging economies will give the silicone oil industry ample opportunities for development in the future. said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. But the use of alternatives such as bio-based oils, amino acids, etc. in hair and beauty products is likely to hinder the growth of the silicone oil market over the forecast period.
Depending on its properties this oil can be divided as different functionalities like antiperspirant in cosmetic product, antifoaming agent for distillation and fermentation in industrial applications and as automobile cooling fan clutch assembles before electric fan cooler is introduced. Now silicone oils have been used as a vitreous fluid substitute to treat difficult cases of retinal detachment, and penetrating ocular trauma. Additionally, silicone oil is used in general medicine and surgery. Because of silicone oil’s water repellent and lubricating properties, it is considered an appropriate material to maintain surgical instruments. Silicone oil has been commonly used as the fluid in the automobile cooling fan clutch assemblies, and is still being used in the newer electronic fan clutches.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Silicone Oil companies that include Dow, Wacker Chemie, Shin-Etsu Chemical, Momentive Performance Materials, Elkem Silicones, ACC Silicones, M.R. Silicone, Iota Silicone Oil, KCC Basildon Chemical, Clearco Products, 3M, Bayer, Merck.
Segmentation of Silicone Oil Market:
On the basis of type, the market can be divided into straight silicon oil, modified silicon oil. According to the application, the market for silicone oil is divided into automotive, cosmetics, healthcare, aerospace & defense cosmetics and others. The aerospace & defense and healthcare industries are driving the silicone oil in the global market. Owing to the properties such as excellent electric insulators, thermal stability, nonflammable, and good heat transferring abilities, silicone oils are used in external coolants loops and radiators in international space stations to reject heat in space.
Silicone Oil Market: Regional Analysis
In terms of geography, the global Silicone Oil market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia-Pacific region holds the largest share for the global silicone oil market and is expected to be the fastest-growing region during the forecast period. The rapid industrialization supported by the government for refining the economy stimulates the growth of the automotive, healthcare, and cosmetics industry. Moreover, the continuously growing population in the region and escalating interest of owning a vehicle among buyers prompting large fabrication of the automotive in the region along with the increasing concern of individuals to invest more on their health and hygiene are the primary reason for fuelling the development of silicone oil in the provincial market. Europe held the second-largest share for the global silicone oil market. This is due to the region’s active growing market in cosmetics and healthcare with a nifty GDP per capita. Which has, in turn, increased the standard of living of every individual, making them spend more on their health, which furthermore leads to more consumption of cosmetics and healthcare products. It is thereby propelling the overall growth of the regional market.
Largest share area：North America
Largest share country：the Unite States
Product Type：Straight Silicon Oil, Modified Silicon Oil
Application：automotive, cosmetics, healthcare, aerospace & defense cosmetics and others
Leading Company：3M, Bayer, Merck, Dow, Wacker Chemie