Press release
Silicone Oil Market Key Players : Wacker Chemie A.G. (Germany), Dow Corning Corporation (U.S.), Momentive Performance Materials Inc. (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Bluestar Silicones International Co., Ltd.(France)
Silicone Oil Market
Furthermore, its ability to eliminate aqueous humor from retinal surface while maintaining the adhesion between retina and retinal pigment epithelium has increased its use in vitreoretinal surgeries. Special silicone oils can also be processed into impregnating agents for leathers and textiles.
Major players operating in this market are Wacker Chemie A.G. (Germany), Dow Corning Corporation (U.S.), Momentive Performance Materials Inc. (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Bluestar Silicones International Co., Ltd.(France), ACC Silicones Ltd. (UK), BRB International B.V. (Europe), Siltech Corporation (Canada), Evonik Industries AG (Germany), and Sigma-Aldrich Corporation (U.S.).
Other key market players in value chain include, Clearco Products Co., Inc. (U.S.), CES Silicones (Belgium), Anhui Youcheng Siliconeoil Co., Ltd. (China), Haynes Manufacturing Company (U.S.), KB RollerTech Kopierwalzen GmbH (Germany), Fisher Scientific International, Inc. (U.S.), SYNCO Chemical Corporation (U.S.), Elkay Chemicals Pvt. Ltd. (India), MR Silicone Industries (India), KCC Silicone Corporation (U.S.), Lubriplate Lubricants Co. (U.S.), Santa Cruz Biotechnology, Inc. (Canada), Spectrum Laboratory Products Inc.(Canada), Terra Silicon & Chemical Industry (Turkey), Zhejiang Sucon Silicone Co., Ltd. (China), Chem Cycle Bitterfeld GmbH (Germany), Guangzhou Yinghui Trading Co., Ltd (China), H. N. K. Silicone Enterprise (India), Iota Silicone Oil (Anhui) Co.,Ltd. (China), and Esco Products, Inc. (U.S.).
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Growth in industrialization and rapidly increasing applications across various industries such as automotive, construction and medical industry are the major factors driving silicone oil market across the globe. Due to high thermal stability, silicone oil is replacing hydrocarbon based products in wide range of industrial applications. Asia-Pacific is expected to register substantial growth in coming years owing to rising demand for personal care products from emerging economies, such as India and China. In addition, rising living standards and rapid industrialization activities in the region also support the growth and development of silicone oil market.
However, silicone oil contamination in aerospace industry, high manufacturing cost of silicone oil and granuloma formation during retinal surgeries limit the market growth.
The report segments the silicone oil market on the basis of end user, application, and geography. By end user, it is classified into chemical, construction, personal care, textile, electronics, automotive, medical, and others, which includes, aerospace, pulp & paper, and food & beverages. Based on application, it is sub-divided into sealant, skin & hair care, textile coating, detergent, chemical intermediate, anti-foam agent, release agent, and others. The “others” category comprises water repellent, lubricant, and hydraulic oil. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top Investment Pockets
Personal care is the most attractive industrial sector in the world silicone oil market and is expected to be first preference for new entrants due to increase in demand of different products such as sunscreens, anti-aging creams, and hair conditioners. Other major segments ideal for investments include medical and automotive sector. Though the growth of silicone oil usage in medical and automotive sector is higher as compared to personal care but rapid increase in demand for personal care products in the developing economies such as China and India and growth in use of anti-aging creams in established markets such as North America has made this market the top choice for investments.
Top Winning Strategies
Product launch and expansion are the leading strategies adopted by the key players followed by partnership, acquisition, agreement, and joint venture to widen their geographical outreach. Product launch and expansion covered 42.3% and 28.8% share of the total number of strategies adopted from 2010 to 2016. Dow Corning Corporation and Momentive Performance Materials Inc., are the leading companies that adopted product launch as the key business strategy.
Key Benefits For Stakeholders:
• This report entails the detailed quantitative analysis of the current market and estimations through 2014-2022, which assists in identifying the prevailing market opportunities.
• Factors that drive and impede the growth of the market are comprehensively analyzed in this study.
• Micro-level analysis is conducted based on application, end-user and region.
• Porter’s Five Forces model illustrate the potency of buyers and sellers.
• The projections in this report are made by analyzing the current trends and future market potential from 2016 to 2022 in terms of value and volume.
• Key manufacturers are profiled in the report and their developments in recent years are listed, which helps in understanding competitive outlook of global silicone oil market.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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