Silicone Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Silicone Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The global silicone oil market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.55% during 2023-2028.

Silicone oil is an inert, odorless, non-toxic and transparent linear polysiloxane compound that offers high thermal stability, compressibility, and flexibility compared to hydrocarbon and mineral oils. It has remarkable dielectric properties and provides resistance against shear stress, natural aging, oxidation, and hydrolysis. It is also used as softeners, lubricants, paint and homecare product additives, and hydraulic or damping, dielectric, electronics-grade, heating or cooling, diffusion pump and thermostatic fluids. Besides this, it finds extensive applications in the cosmetics, pharmaceutical and medical industries worldwide.

Silicone Oil Market Trends:
The growing utilization of silicone oil in personal care products due to its low density, high viscosity, and non-toxicity represents one of the key factors driving the market. Moreover, there is a rise in the employment of silicone oil in the automotive industry as lubricants and thermic fluid oils. This, along with its escalating demand as a conformal coating for electronic circuit boards, is propelling the growth of the market. In addition, silicone oil is an eco-friendly material with biocompatible and biodegradable properties. This, coupled with the increasing awareness among the masses about the environment, is catalyzing the demand for silicone oil across the globe. Apart from this, the growing applications of silicone oil in diffusion pumps, dashpots, and freeze dryers around the world are offering lucrative growth opportunities to end-users and investors. Additionally, the rising employment of silicone oil in vitreoretinal surgery to displace aqueous humor from the retinal surface and maintain the adhesion between the retina and retinal pigment epithelium is positively influencing the market. Furthermore, key market players are focusing on partnerships and business expansions to expand their customer base. They are also focusing on mergers and acquisitions (M&A), which is projected to propel their overall sales and increase profitability.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global silicone oil market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end use industry.

Breakup by Type:

Straight Silicone Oil
Modified Silicone Oil

Breakup by Application:

Sealant
Skin and Hair Care
Textile Coating
Chemical Intermediate
Anti-foam Agent
Release Agent
Others

Breakup by End Use Industry:

Chemical
Construction
Personal Care
Textile
Electronics
Automotive
Medical
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aurolab (Aravind Eye Care System), BRB International B.V., China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation), CHT Group, Clearco Products Co. Inc., Dow Inc., Evonik Industries AG, Iota Silicone Oil (Anhui) Co. Ltd., Merck KGaA, Momentive Performance Materials Inc., Shin-Etsu Chemical Co. Ltd., Siltech Corporation, Thermo Fisher Scientific Inc. and Wacker Chemie AG.

Report Coverage:

Key Questions Answered in This Report

1. What was the size of the global silicone oil market in 2022?
2. What is the expected growth rate of the global silicone oil market during 2023-2028?
3. What are the key factors driving the global silicone oil market?
4. What has been the impact of COVID-19 on the global silicone oil market?
5. What is the breakup of the global silicone oil market based on the type?
6. What is the breakup of the global silicone oil market based on the application?
7. What are the key regions in the global silicone oil market?
8. Who are the key players/companies in the global silicone oil market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Silicone Oil Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Straight Silicone Oil
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Modified Silicone Oil
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Sealant
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Skin and Hair Care
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Textile Coating
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Chemical Intermediate
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Anti-foam Agent
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Release Agent
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Chemical
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Construction
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Personal Care
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Textile
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Electronics
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Automotive
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Medical
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Others
8.8.1 Market Trends
8.8.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
 9.1.1.1 Market Trends
 9.1.1.2 Market Forecast
9.1.2 Canada
 9.1.2.1 Market Trends
 9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
 9.2.1.1 Market Trends
 9.2.1.2 Market Forecast
9.2.2 Japan
 9.2.2.1 Market Trends
 9.2.2.2 Market Forecast
9.2.3 India
 9.2.3.1 Market Trends
 9.2.3.2 Market Forecast
9.2.4 South Korea
 9.2.4.1 Market Trends
 9.2.4.2 Market Forecast
9.2.5 Australia
 9.2.5.1 Market Trends
 9.2.5.2 Market Forecast
9.2.6 Indonesia
 9.2.6.1 Market Trends
 9.2.6.2 Market Forecast
9.2.7 Others
 9.2.7.1 Market Trends
 9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
 9.3.1.1 Market Trends
 9.3.1.2 Market Forecast
9.3.2 France
 9.3.2.1 Market Trends
 9.3.2.2 Market Forecast
9.3.3 United Kingdom
 9.3.3.1 Market Trends
 9.3.3.2 Market Forecast
9.3.4 Italy
 9.3.4.1 Market Trends
 9.3.4.2 Market Forecast
9.3.5 Spain
 9.3.5.1 Market Trends
 9.3.5.2 Market Forecast
9.3.6 Russia
 9.3.6.1 Market Trends
 9.3.6.2 Market Forecast
9.3.7 Others
 9.3.7.1 Market Trends
 9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
 9.4.1.1 Market Trends
 9.4.1.2 Market Forecast
9.4.2 Mexico
 9.4.2.1 Market Trends
 9.4.2.2 Market Forecast
9.4.3 Others
 9.4.3.1 Market Trends
 9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10  SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Aurolab (Aravind Eye Care System)
 14.3.1.1 Company Overview
 14.3.1.2 Product Portfolio
 14.3.1.3 Financials
 14.3.1.4 SWOT Analysis
14.3.2 BRB International B.V.
 14.3.2.1 Company Overview
 14.3.2.2 Product Portfolio
14.3.3 China National Bluestar (Group) Co. Ltd. (China National Chemical Corporation)
 14.3.3.1 Company Overview
 14.3.3.2 Product Portfolio
14.3.4 CHT Group
 14.3.4.1 Company Overview
 14.3.4.2 Product Portfolio
14.3.5 Clearco Products Co. Inc.
 14.3.5.1 Company Overview
 14.3.5.2 Product Portfolio
14.3.6 Dow Inc.
 14.3.6.1 Company Overview
 14.3.6.2 Product Portfolio
 14.3.6.3 Financials
 14.3.6.4 SWOT Analysis
14.3.7 Evonik Industries AG
 14.3.7.1 Company Overview
 14.3.7.2 Product Portfolio
 14.3.7.3 Financials
 14.3.7.4 SWOT Analysis
14.3.8 Iota Silicone Oil (Anhui) Co. Ltd.
 14.3.8.1 Company Overview
 14.3.8.2 Product Portfolio
14.3.9 Merck KGaA
 14.3.9.1 Company Overview
 14.3.9.2 Product Portfolio
 14.3.9.3 Financials
 14.3.9.4 SWOT Analysis
14.3.10 Momentive Performance Materials Inc.
 14.3.10.1 Company Overview
 14.3.10.2 Product Portfolio
14.3.11 Shin-Etsu Chemical Co. Ltd.
 14.3.11.1 Company Overview
 14.3.11.2 Product Portfolio
 14.3.11.3 Financials
 14.3.11.4 SWOT Analysis
14.3.12 Siltech Corporation
 14.3.12.1 Company Overview
 14.3.12.2 Product Portfolio
 14.3.12.3 SWOT Analysis
14.3.13 Thermo Fisher Scientific Inc.
 14.3.13.1 Company Overview
 14.3.13.2 Product Portfolio
 14.3.13.3 Financials
 14.3.13.4 SWOT Analysis
14.3.14 Wacker Chemie AG
 14.3.14.1 Company Overview
 14.3.14.2 Product Portfolio
 14.3.14.3 Financials
 14.3.14.4 SWOT Analysis

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