Global Silicone Oil Market 2022-2026
Technavio has been monitoring the silicone oil market and it is poised to grow by $ 502.54 mn during 2022-2026, progressing at a CAGR of 4.20% during the forecast period. Our report on the silicone oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven Increase in demand for silicone oils for lubricants and grease manufacturing and the growth of automotive, chemical, and electronics sectors globally. In addition, increase in demand for silicone oils for lubricants and grease manufacturing is anticipated to boost the growth of the market as well.
The silicone oil market analysis includes the end-user segment and geographic landscape.
Technavio's silicone oil market is segmented as below:
By End-user
- Automotive and transportation
- Cosmetics and personal care
- Chemical
- Pharmaceutical
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- MEA
This study identifies the increase in demand for cosmetics, personal care products, and pharmaceutical productsas one of the prime reasons driving the silicone oil market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on silicone oil market covers the following areas:
- Silicone oil market sizing
- Silicone oil market forecast
- Silicone oil market industry analysis
Technavio's robust vendor analysis 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 market vendors that include Anhui Youcheng Siliconeoil Co. Ltd, Aurolab, Clearco Products Co. Inc., D R P Silicone, Elkem ASA, Evonik Industries AG, Merck KGaA, Shin-Etsu Chemical Co. Ltd., Siltech Corp., and Wacker Chemie AG. Also, the silicone oil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Companies MentionedAnhui Youcheng Siliconeoil Co. Ltd, Aurolab, Clearco Products Co. Inc., D R P Silicone, Elkem ASA, Evonik Industries AG, Merck KGaA, Shin-Etsu Chemical Co. Ltd., Siltech Corp., Wacker Chemie AG