Global Silicone Fluids Market: Description
Silicone fluids are colorless and transparent liquids. These liquids exhibit high resistance to heat and cold. Silicone fluids are also moisture resistant. Over a wide temperature range, silicone fluids exhibit very low change in viscosity. Additionally silicone fluids are noted for various other characteristics like mold releasability, lubricity and defoaming properties. Silicone fluids can withstand low temperatures and maintain flow ability even at -65°C. Moreover, silicone fluids have few or no adverse effects on metals and other materials. Silicone fluids are almost completely inactive show no effects on alkali solutions at room temperatures. These fluids have considerably lower surface tension as compared to water and common synthetic oils. Silicone fluids have strong and more stable bonds; hence, they are more resistant to harsh environmental processing and operating conditions. These fluids are non-toxic and inert and also permeable to gas and water vapor.
Silicone fluids have a wide range of industrial applications, which include power transmission, medical support cushions, lubricants; silicone aerosol sprays, damping fluids, additives for automotive polishes and dressings, heat transfer fluids, high temperature oil baths and water repellent treatment of textiles and powders. A few silicone fluids like simethicone are anti-foaming agents owing to their low surface tension. These fluids are primarily used in industrial applications such as distillation or fermentation in order to get rid of excess foam. Silicone fluids were also used in the automobile fan clutch assemblies before electric cooling fans replaced them. Silicone fluids also find medical applications wherein the fluid is added to the consumer product to control flatus. These fluids are also used as a substitute for vitreous fluids to treat difficult cases of retinal detachment such as proliferative vitroratinopathy, large retinal tears and penetrating ocular trauma.
Global Silicone Fluids Market: Drivers and Restraints
The silicone market is expected to grow at healthy rate in the near future due to its widespread application base. These fluids are expected to be the leading type of silicone product in the market. Growth of the silicone fluids market is expected to be propelled further due to its extensive use in laboratories and numerous opportunities in the medical field. The demand is likely to further increase owing to the use of liquid silicone rubber in electronics and in machinery due to the ease in its manufacturing process, flexibility and its high ability to form precision parts. Owing to its use in high growth applications such as solar cells and light emitting diodes, a wide range of opportunities are available for the silicone gels market in the near future. Additionally silicone gels are also used as the basis for breast implant products and these fluids are anticipated to continually gain market share at the expense of their saline filled substitutes.
Global Silicone Fluids Market: Geographical Dynamics
India and China are expected to be the fastest growing markets for silicone fluids in the future. Technological developments in the U.S. and continued innovation are expected to increase the demand for these fluids in the U.S. and in Europe. However, owing to the market maturity of silicone fluids in the North American and European regions, the opportunities for the fluid will be limited and instead the focus of the market growth is likely to shift to Asia Pacific and RoW.
The main companies that manufacture silicone fluids include Dow Corning Corporation, Gelest Incorporated, Quantum Silicones, KCC Corporation, Clariant International limited, Caledonia Investments and Saint Gobain among other companies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.