Enjoy complimentary customisation on priority with our Enterprise License!
The silicone oil market share is expected to increase by USD 502.54 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.20%.
This silicone oil market research report extensively covers market segmentation by end-user (automotive and transportation, cosmetics and personal care, chemical, pharmaceutical, and others) and geography (APAC, North America, Europe, South America, and MEA).
The silicone oil market report also offers information on several market vendors, including 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 among others.
Download the Free Report Sample to Unlock the Silicone Oil Market Size for the Forecast Period and Other Important Statistics
The increase in demand for silicone oils for lubricants and grease manufacturing is notably driving the silicone oil market growth, although factors such as stringent regulatory policies for silicone fluids 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 oil industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Silicone Oil Market Driver
Key Silicone Oil Market Trend
Key Silicone Oil Market Challenge
This silicone oil 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 oil 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 oil 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 oil market encompasses successful business strategies deployed by the key vendors. The silicone oil market is fragmented and the vendors are deploying organic and inorganic growth strategies 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 oil 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 oil market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains 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.
The value chain of the global specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
For more insights on the market share of various regions Request for a FREE sample now!
49% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for silicone oil in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing demand for silicone oil from end-user industries such as automotive, transportation, cosmetics and personal care, and others will facilitate the silicone oil 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
The COVID-19 pandemic in 2020 had an adverse impact on several countries in the region such as India, Japan, and others. As of 24 December 2021, there were over 34.7 million COVID-19 cases and 479,133 associated deaths in India. The pandemic resulted in a halt of industrial activities in the region, which led to the decline in demand for silicone oil. However, in Q4 2020, industrial activities picked up the pace with proper sanitization norms and social distancing due to factors such as the region's large-scale vaccination drives. Thus, the regional silicone oil market is expected to grow during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The silicone oil market share growth by the automotive and transportation segment will be significant during the forecast period. The growth is attributed to the increase in demand for silicone oil in the automotive and transportation industry owing to its wide under-the-bonnet applications such as automotive hose bonding and filter end cap bonding. This is commonly used in gaskets, brake shims, and valve covers as it has better bonding properties, temperature resistance, and high stability.
This report provides an accurate prediction of the contribution of all the segments to the growth of the silicone oil market size and actionable market insights on post COVID-19 impact on each segment.
Silicone Oil Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.20% |
Market growth 2022-2026 |
$ 502.54 million |
Market structure |
Fragmented |
YoY growth (%) |
3.20 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 49% |
Key consumer countries |
US, China, Japan, Germany, and India |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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 |
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 the 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.