Silicone Oil Market: By End-user (automotive and transportation, cosmetics and personal care, chemical, pharmaceutical, and others) and Geography

NEW YORK, Feb. 17, 2022 /PRNewswire/ -- The Silicone Oil Market Share is expected to increase by USD 502.54 million from 2021 to 2026, at an accelerated CAGR of 4.20%, according to the recent market study by Technavio.

Segmentation by End-user (In-Scope/Out-of-Scope)

• In-Scope:
• Automotive and transportation:

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.

• Out-of-Scope:
• Cosmetics and personal care
• Chemical
• Pharmaceutical
• Others

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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Silicone Oil Market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Support activities
• Innovation

Highlights-

• Segmentation- The 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)
• Key Companies- 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
• Driver- Increase in demand for silicone oils for lubricants and grease manufacturing to drive the market.
• Challenge- Stringent regulatory policies for silicone fluids to hamper the market growth 

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Vendor Insights-

The silicone oil market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• Anhui Youcheng Siliconeoil Co. Ltd- The company offers a wide range of silicon oil such as Phenylmethyl Silicone Oil.
• Clearco Products Co. Inc.- The company offers STO-50 SILICONE TRANSFORMER OIL that is characterized by its high dielectric strength, high flash point, wide service temperature range and low vapor pressure.
• D R P Silicone- The company offers a wide range of products such as industrial grease, industrial oil, silicone oil, silicone emulsion and many more. Moreover, the company also provides Amino Silicone Oil to their valuable customers.

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Learn More about Key Driver & Challenge of the Market-

• Silicone Oil Market Driver:
• Increase in demand for silicone oils for lubricants and grease manufacturing:

These fluids have a low thermal surface tension, low volatility, and excellent shearing resistance, making them highly suitable for grease manufacturing. Silicone oils are mainly required to provide lubrication to steel-bronze, steel-aluminum, steel-zinc, wood-wood interfaces, and various plastics. The non-polar, non-reactive, and semi-inorganic structure of silicone fluids and a relatively high incompatibility with chemicals results will further increase its demand in the key end-user industries, which is expected to positively impact the silicone oil market growth during the forecast period.

• Silicone Oil Market Challenge:
• Stringent regulatory policies for silicone fluids:

There are no restrictions on the use of most silicone oil products. However, the use of some silicone liquid products, especially personal care and beauty products, as well as medical and health products, is regulated by certain regulatory agencies in many countries, across the globe. For instance, the UK competent authorities and the European Chemicals Agency (ECHA) have restricted using two silicone liquid products, cyclosiloxanes D4 and D5, used in the personal care and beauty industries. These substances are expected to be limited to a concentration of 0.1% by the weight of personal care products. Apart from the UK, its use is also restricted in Canada and the US. Such stringent policies are projected to limit the growth of the market in focus during the forecast period.

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Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Automotive and transportation - Market size and forecast 2021-2026
• Cosmetics and personal care - Market size and forecast 2021-2026
• Chemical - Market size and forecast 2021-2026
• Pharmaceutical - Market size and forecast 2021-2026
• Others - Market size and forecast 2021-2026
• Market opportunity by End-user

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2021-2026
• North America - Market size and forecast 2021-2026
• Europe - Market size and forecast 2021-2026
• South America - Market size and forecast 2021-2026
• MEA - Market size and forecast 2021-2026
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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.
• Wacker Chemie AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio