Silicone Oil Market: Introduction

  • Silicone oil is also known as polydimethylsiloxane (PDMS). Silicone oil contains silicon–oxygen linkages, which are considered stronger than the typical carbon-to-carbon chains present in hydrocarbon fluids. Hence, silicone oil witnesses higher demand.
  • Silicone oil is employed across various industries such as automotive, cosmetics & personal care, pharmaceutical, electronics, textile, and chemical
  • Silicone oil is transparent, non-toxic, odorless, and inert. It has electric and thermal stability, which makes it suitable for use in various industrial applications.

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Key Drivers and Restraints of Global Silicone Oil Market

  • Increase in the demand for cosmetics, personal care products, and pharmaceutical products is expected to drive the global silicone oil market in the near future. Silicone oil has properties such as low density, high viscosity, and non-toxicity, due to which, silicone oil witnesses high demand in sectors such as cosmetics & personal care and pharmaceutical.
  • Growth of automotive, chemical, and electronics sectors across the globe is anticipated to boost the global silicone oil market during the forecast period. Properties of silicone oil such as water resistance, lack of odor, nontoxicity, inertness, and electric and thermal stability are expected to drive the global silicone oil market during the forecast period.
  • Increase in awareness about environment protection across the world is expected to drive the global silicone oil market during the forecast period. Silicone oil is a biocompatible and biodegradable material. Due to its eco-friendly properties, the demand for silicone oil is expected to increase in the near future.
  • Limited availability and fluctuating costs of raw materials is a major restraint of the global silicone oil market

Global Silicone Oil Market: Segmentation

  • The global silicone oil market can be segmented in terms of type and end-user industry
  • Based on type, the global market can be segmented into straight silicone fluid and modified silicone oil. The modified silicone oil segment is expected to dominate the global market between 2019 and 2027. Modification of silicone oil can be achieved by adding amino, carboxyl, methacryl, or dimethyl group to its structure, which imparts additional properties such as water repellency, absorbability, flexibility, and lubricity. Thus, the demand for modified silicone oil is expected to rise significantly during the forecast period.
  • In terms of end-user industry, the global silicone oil market can be classified into cosmetics & personal care, pharmaceutical, automotive, chemical, electronics, textile, and others. Among these, the cosmetics & personal care segment is projected to expand at the maximum CAGR during the forecast period.

Global Silicone Oil Market: Regional Segmentation

  • Based on region, the global silicone oil market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • Asia Pacific held a major share of the global silicone oil market in 2018. The market in the region is expected to expand at a significant rate during the forecast period, as countries such as China, Japan, and India witness high demand for silicone-oil-based cosmetic and personal care products as well as pharmaceutical products. In terms of consumption, China holds a major share of the market in the region. 
  • The market in North America is expected to expand at a significant CAGR during the forecast period. The U.S. is expected to lead the North America silicone oil market during the forecast period.
  • The markets in Europe, Latin America, and Middle East & Africa are also expected to expand at a steady pace during the forecast period

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Key Developments

  • In May 2019, Momentive Performance Materials Inc. was acquired by a South Korea-based group that comprised SJL Partners LLC, Wonik Holdings Co. Ltd., and KCC Corp. The deal was valued at US$ 3 Bn.
  • In March 2019, CHT UK Manchester Limited acquired ACC Silicones Ltd. The company was renamed as CHT UK Bridgwater Ltd.
  • In February 2018, Evonik Industries AG started building a new plant in Shanghai, China for production of a wide range of organically modified specialty silicones. The plant would be commissioned by the end of 2019.

Key Players Operating in Global Market:

  • Momentive Performance Materials Inc.
  • CHT UK Bridgwater Ltd.
  • Evonik Industries AG
  • Wacker Chemie Ag
  • Dow Corning Corporation
  • Shin-Etsu Corporation
  • KCC Basildon
  • Gelest Inc. 
  • Siltech Corporation 
  • Merck KGaA 

Global Silicone Oil Market: Research Scope 

Global Silicone Oil Market, by Type

  • Straight Silicone Oil
  • Modified Silicone Oil 

Global Silicone Oil Market, by End-user Industry

  • Automotive
  • Cosmetics & Personal Care
  • Pharmaceutical
  • Chemical
  • Electronics
  • Textile
  • Others 

Global Silicone Oil Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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
  • Europe
  • 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.

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