Global Silicone Oil Market Size, Share, Growth Analysis, By Type(Straight chain silicone oil, Branched silicone oil), By Application(Personal care & Cosmetics, Pharmaceuticals)

Description

Global Silicone Oil Market size was valued at USD 18.8 billion in 2022 and is poised to grow from USD 20.19 billion in 2023 to USD 35.74 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).

Silicone oil is a versatile compound used in various industries like healthcare, automotive, cosmetics, electronics, and construction. The global silicone oil market has grown significantly due to increasing demand for silicone-based products and technological advancements. The automotive sector is a major consumer of silicone oil, using it as a lubricant and coolant in engines, transmissions, and braking systems. With the rising vehicle production worldwide, especially in emerging economies, demand for silicone oil in the automotive industry is expected to grow substantially. Additionally, the increasing adoption of electric vehicles (EVs) and the need for efficient thermal management systems offer new opportunities for silicone oil manufacturers.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Connected ShipMarket and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Silicone Oil Market Segmental Analysis

The global silicone oil market is segmented on the basis of type, application, and region. By type, the market is segmented into straight chain silicone oil, branched silicone oil, modified silicone, low weight molecular silicone oil, and high weight molecular silicone oil. By application, the market is segmented into Personal care & Cosmetics, Pharmaceuticals, Automotive, Electronics, Textiles and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Silicone Oil Market

The healthcare sector is experiencing a growing demand for silicone oil, particularly in ophthalmology. Silicone oil is commonly used as a lubricant for intraocular lenses and as a vitreoretinal surgical aid. The increasing prevalence of eye diseases and the growing elderly population are driving the surge in demand for silicone oil in the healthcare industry.

Restraints in the Global Silicone Oil Market

The silicone oil market faces competition from substitute products in certain applications. Synthetic hydrocarbon-based oils, for instance, can serve as alternatives to silicone oil in specific lubrication applications. The availability and adoption of these substitutes have the potential to impact the growth of the silicone oil market.

Market Trends of the Global Silicone Oil Market

The growing demand for silicone in medical applications is a significant trend in the global silicone market. Silicone is a versatile material known for its inertness and biocompatibility, making it well-suited for medical use. It finds applications in various medical products like implants, catheters, and surgical gloves. This increasing demand for silicone in medical applications is anticipated to fuel the growth of the global silicone market in the foreseeable future.

Product Code: SQMIG10D2032

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Silicone Oil Market by Type

Market Overview
Straight chain silicone oil
Branched silicone oil
Modified silicone
Low weight molecular silicone oil
and High weight molecular silicone oil.

Global Silicone Oil Market by Application

Market Overview
Personal care & Cosmetics
Pharmaceuticals
Automotive
Electronics
Textiles
and Others.

Global Silicone Oil Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Dow Corning Corporation (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Wacker Chemie AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Momentive Performance Materials Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shin-Etsu Chemical Co., Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Elkem ASA (Norway)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Evonik Industries AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NuSil Technology LLC (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Siltech Corporation (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ACC Silicones Ltd. (UK)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bluestar Silicones International (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Lubrizol Corporation (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Specialty Silicone Products, Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
KCC Corporation (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Iota Silicone Oil (Anhui) Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BRB International BV (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Jiangxi Xinghuo Organic Silicon Factory (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hubei Xinsihai Chemical Engineering Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Zhongshan Kingdom Wealth Petroleum Chemical Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Guangzhou Bossin Chemical Technology Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Toray Fine Chemicals Co., Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Silicone Oil Market Size, Share, Growth Analysis, By Type(Straight chain silicone oil, Branched silicone oil), By Application(Personal care & Cosmetics, Pharmaceuticals) - Industry Forecast 2024-2031