Press release
Silicon Oil Market Trends 2018 – 2023 Major Global Players - Merck KGaA, Aurolab, Clearco Products Co., Wacker Chemie AG, Shin-Etsu Chemical Co., Elkem Silicones, Evonik Industries AG, ACC Silicones, BRB International and China National Bluestar Co,Ltd
Silicone Oil Market | Automotive and aerospace industries are projected to witness an exponential growth during the forecast perio
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On the Basis of the Application, the Global Silicone Oil Market is segmented into damping fluid, thermal bath fluid, lubricant, dielectric fluid, cosmetics & personal care products, pharmaceuticals, polishes and others. Silicone oil was majorly consumed in different applications of cosmetics & personal care product such as deodorants, skin care products, hair care products, lipstick, make‐up products, and shaving products among other in 2017 owing to its non-toxicity and water repellent characteristics. It is expected to continue growing rapidly over the forecast period 2018-2023.
On the Basis of the End-User Industry, the Global Silicone Oil Market is segmented into cosmetics & personal care products, healthcare, automotive, aerospace, electronics, industrial, textile, and others. Cosmetics & Personal care industry accounted to hold the largest market share of the global silicone oil market in 2017 and is expected to show a considerable growth during the forecast period. However, end-use industries such as automotive and aerospace are collectively expected to witness a huge consumption of silicone oil owing to the vast uses of silicone oil for automotive and aerospace such as damping fluid, lubricants, dielectric fluid, polishes, hydraulic fluid, and others over the forecast period.
Competitive Analysis
Some of the prominent manufacturers of the Global Silicone Oil Market are Merck KGaA (Germany), Aurolab (India), Clearco Products Co., Inc. (U.S.), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Elkem Silicones (France), Momentive Performance Materials Inc. (US), Thermo Fisher Scientific, Inc. (U.S.), D R P Silicone (India), Evonik Industries AG (Germany), ACC Silicones Ltd. (UK), BRB International (Netherlands), Siltech Corporation (Canada), Anhui Youcheng Siliconeoil Co., Ltd. (China), and China National Bluestar (Group) Co,Ltd. (China).
Regional Analysis
The Global Silicone Oil Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific was largest global silicone oils market in 2017 and is expected to continue experiencing a strong growth over the forecast period. Europe accounted to be the second largest market for silicone oil in 2017 and is expected to remain the same during the forecast period. North America is expected to show rising demand for silicone oil over the forecast period. The Middle East & Africa are also expected to witness a significant demand for Silicone Oil over the forecast period. Latin America holds the least market share of the Global Silicone Oil Market and is expected to show sluggish growth during the forecast period.
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