APAC Silicone Oil Market - Industry Trends and Forecast to 2032
Asia-Pacific silicone oil market is expected to reach USD 1,842,131,512.14 by 2031 from USD 970,104,199.92 in 2023, growing at a CAGR of 8.52% during the forecast period of 2024 to 2031.
Market SegmentationAsia-Pacific Silicone Oil Market, By Type (Straight-Chained Silicone Oil and Modified-Chained Silicone Oil), Product Type (Polydimethylsiloxane (PDMS), Phenyl Methyl Silicone Oil, Polymethyl Hydrogen Siloxane, Amino Silicone Oil, Vinyl Silicone Oil, Hydrogen Silicone Oil, and Others), Function (Lubricants, Sealant, Formulations, Water Repellants, Anti- Foam Agents, Heat Carrier, Hydraulic Fluids, Release Agent, Working Media, Damping Fluid, Chemical Intermediate, Liquid Dielectrics, Additives, Thermal Bath Fluid, and Others) End-Use (Electrical & Electronics, Automotive/Transportation, Industrial, Building & Construction, Rubber and Plastic Industry, Oil and Gas, Pharmaceuticals and Medical, Home Care, Consumer Goods, Aerospace and Defence, Agriculture, Textiles, Packaging, Energy, Paper and Pulp, Personal Care and Cosmetics, and Others), Country (China, India, Indonesia, Hong Kong, Taiwan, Thailand, Japan, Malaysia, Philippines, South Korea, Singapore, Australia & New Zealand, and Rest of Asia-Pacific) - Industry Trends and Forecast to 2031
Overview Asia-Pacific Silicone Oil Market Dynamics
Driver• Growing use of silicone oil in the textile industry
Restrain• Intense competition from alternatives
Opportunity• Increasing focus on research and development for the application of silicone oil
Market PlayersSome of the key players operating in the Asia-Pacific silicone oil market are:• Wacker Chemie AG
• Shin-Etsu Chemical Co., Ltd
• Elkem ASA
• Dow
• FUCHS
• Evonik Industries AG
• Hoshine Silicon Industry Co., Ltd
• Hubei Xingfa Chemicals Group Co., Ltd
• BRB International B.V. (A subsidiary of PETRONAS Chemicals Group Berhad)
• Aurolab
• Clearco Products Co, Inc.
• D R P Silicon
• CHT Germany GmbH
• Momentive
• Siltech Corporation
• Electrolube
• SiSiB SILICONES ( Subsidiary of PCC GROUP)
• IOTA silicone
• ARIHANT SOLVENTS AND CHEMICALS
• ALSTONE INDUSTRIES PVT. LTD
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