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The silicone fluid market share is expected to increase by USD 1.35 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.24%.
This silicone fluid market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers silicone fluid market segmentations by end-user (personal and home care, energy, agriculture, textiles, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The silicone fluid market report also offers information on several market vendors, including BRB International BV, CHT Group, Clearco Products Co. Inc., Genesee Polymers Corp., Innospec Inc., KCC Co. Ltd., Mitsubishi Chemical Holdings Corp., Momentive Performance Materials Inc., Avantor Inc., Orkla ASA, PCC SE, Polytek Development Corp., Ningbo Runhe High-tech Materials Co. Ltd., Schill + Seilacher Struktol GmbH, Shin Etsu Chemical Co. Ltd., Silicone Solutions Ltd., Siltech Corp., The Dow Chemical Co., Wacker Chemie AG, and Om Tex Chem Pvt. Ltd. among others.
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The growing demand from the personal care industry is notably driving the silicone fluid market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the silicone fluid industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Silicone Fluid Market Driver
The growing demand from the personal care industry is one of the key drivers supporting the silicone fluid market growth. Silicone fluid is commonly used in the formulation of skincare and hair care products such as shampoos, deodorants, cleansing creams, and others. The demographic factors and growing beauty consciousness among individuals will contribute to the growth of the market for personal care products. An increase in the demand for skincare products in the personal care industry as well is driving the use of silicone fluid. The skin softening and non-greasy properties of silicone fluid will augment the demand for silicone fluid. Such increasing demand for silicon fluid will drive the silicone fluid market growth during the forecast period.
Key Silicone Fluid Market Trend
The growing use of silicone fluids in the food processing industry is one of the key silicone fluid market trends that is contributing to the market growth. Silicone fluids have proven to be effective for use in various operations for food and beverage processing. They offer cost-effective solutions to many obstacles that food and beverage manufacturers face, such as issues related to foaming. Foaming issues in food and beverage processing applications can have a negative impact on the efficiency, productivity, and cost of manufacturers. Thus, silicone fluids can be used as additives and emulsions and provide foam control and help make manufacturing more efficient, especially for aqueous and non-aqueous food-grade systems. Such increasing use of silicone liquid in food processing industry is propelling the market growth.
Key Silicone Fluid Market Challenge
Volatility in raw material prices is one of the factors hindering the silicone fluid market growth. Silicon metal and methanol are the main raw materials used for the production of silicone fluid. There has been an increase in the price of silicone metal owing to its limited availability. The growing use of silicon metal for the production of silicone elastomers and silicone resins is also expected to impede the market growth. Furthermore, the cost of energy that is needed for the production of silicone fluid is on the rise. Increased prices of silica, coal, and carbon electrodes will contribute to the high production cost of silicon metal. The closure of silicon plants in China due to environmental regulations will also have a negative impact on the market growth. Thus, a decline in the supply of silicon metal is expected to hinder the market growth.
This silicone fluid market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global silicone fluid market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the silicone fluid market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the silicone fluid market encompasses successful business strategies deployed by the key vendors. The silicone fluid market is fragmented and the vendors are deploying growth strategies such as focusing on M and A to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The silicone fluid market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the silicone fluid market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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48% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the silicone fluid market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The use of silicone fluids for the production of fertilizers will facilitate the silicone fluid market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic had a negative impact on the regional silicone fluid market. However, in H2 2020, due to the availability of COVID-19 vaccines, the number of COVID-19 cases in the region declined. This led to the easing of COVID-19-related restrictions and the reopening of manufacturing units of vendors and end-user industries. Thus, the regional demand for silicone fluids rebounded. Therefore, the regional market will continue to witness growth during the forecast period.
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The silicone fluid market share growth by the personal and home care segment will be significant during the forecast period. Many vendors of silicone fluid are shifting their manufacturing units to developing countries due to factors such as low transportation costs, easy availability of land, cheap labor, easy accessibility to raw materials, and less stringent regulations and policies by governments. In APAC, the emergence of China and India as the manufacturing hubs for personal care, agriculture, and textiles industry is expected to boost the market growth. Thus, the growing demand for personal and home care products in APAC owing to the growing population is expected to boost the use of silicone fluid during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the silicone fluid market size and actionable market insights on post COVID-19 impact on each segment.
Silicone Fluid Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.24% |
Market growth 2022-2026 |
$ 1.35 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.93 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 48% |
Key consumer countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
BRB International BV, CHT Group, Clearco Products Co. Inc., Genesee Polymers Corp., Innospec Inc., KCC Co. Ltd., Mitsubishi Chemical Holdings Corp., Momentive Performance Materials Inc., Avantor Inc., Orkla ASA, PCC SE, Polytek Development Corp., Ningbo Runhe High-tech Materials Co. Ltd., Schill + Seilacher Struktol GmbH, Shin Etsu Chemical Co. Ltd., Silicone Solutions Ltd., Siltech Corp., The Dow Chemical Co., Wacker Chemie AG, and Om Tex Chem Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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