Global Silicone Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Silicone Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Silicone oil is a clear, non-toxic, odorless and tasteless liquid made up of a siloxane linear chain that is an organosilicon with the (Si-O-Si) bond with a variety of side chains. Different types of silicon oils exist, each with its own viscosity and set of qualities.

Market Overview:

The latest research study on the global Silicone Oil market finds that the global Silicone Oil market reached a value of USD 3919.38 million in 2022. It’s expected that the market will achieve USD 4579.98 million by 2028, exhibiting a CAGR of 2.63% during the forecast period.

COVID-19 Outbreak: Silicone Oil Industry Impact

The outbreak of the COVID-19 pandemic has not only adversely affected the health of people around the world, but also affected socioeconomic activities. To stop the spread of COVID-19, governments in nearly 162 countries have announced strict closures of national and international borders, travel restrictions and lockdowns. As a result, major sectors such as global supply chains, chemicals, trade, agriculture, automotive industry, transportation and tourism have been severely disrupted by the outbreak of COVID-19. Supply chain mechanisms across all sectors experienced severe disruptions as all activities globally were severely disrupted.

Silicone oil is a deep-processed product of organic silicon, the main raw material is organic silicon monomer, and the upstream raw material is the petrochemical industry. Raw materials are mainly provided by China, the United States, Germany, Japan and other countries. The outbreak of COVID-19 has disrupted traffic and transportation, and trade flows between countries have been adversely affected.

The production of silicone oil has also been affected by the COVID-19 outbreak. At the time of the COVID-19 outbreak, key manufacturing companies either closed entirely in accordance with orders from local governments, or operated organizations with minimal manufacturing units to ensure personnel safety.

Region Overview:

East Asia had the highest growth rate of all regions.

Company Overview:

The top three companies are Dow Corning, Wacker Chemie, Shin-Etsu Chemical with the revenue market share of 15.81%, 11.27%, 8.90% in 2021.

Dow Corning Ltd. provides inorganic basic chemicals services. The Company specializes in manufacturing silicon-based products such as fluids, gums, rubbers, and specialty polymers.

Wacker Chemie AG engages in the manufacture and distribution of chemical products. It operates through the following segments: Silicones, Polymers, Biosolutions, Polysilicons, and Other.

Segmentation Overview:

By type, Straight Silicon Oil segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Personal Care and Home Care segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Silicone Oil market covered in Chapter 3:

Shin-Etsu Chemical
Momentive Performance Materials
Runhe Chemical Industry
Wacker Chemie
Hoshine Silicon Industry Co., Ltd.
CHT Group
Dow Corning
Wynca Group
Shandong Dongyue Silicone Material Co., Ltd.
ELKEM
Hubei Xingfa Chemicals Group Co,Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Silicone Oil market from 2018 to 2029 is primarily split into:

Straight Silicon Oil
Modified Silicon Oil

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Silicone Oil market from 2018 to 2029 covers:

Personal Care and Home Care
Textile
Chemical Industry
Paper and Pulp
Medical and Healthcare
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)