Global Silicone Fluids Market

Global Silicone Fluids Market Overview:

The global silicone fluids market is estimated to reach USD 6.12 billion by 2030, growing at a CAGR of 6.5% during the forecast period 2022-2030. It was valued at USD 2.4 billion in 2022. Silicone fluids are transparent and colorless liquids that exhibit high resistance to heat and coldness. Silicone fluids are also moisture resistant. Over an extended range of temperature, silicone fluids exhibit meager changes in viscosity. Additionally, silicone fluids are seen for several other characteristics like lubricity, mold release ability, non-adhesiveness, and defoaming properties. These fluids have few or no adverse effects on metals & other materials and have lower surface tension than water & common synthetic oils. Silicone fluids are almost entirely inactive show no effects on alkali solutions at room temperatures. Silicone fluids have more stable and robust bonds; therefore, they are more resistant to harsh environmental operating and processing conditions. These fluids are inert and non-toxic, and also permeable to water and gas vapor.

Global Silicone Fluids Market Insights

The significant factors are increased demand from end-user industries such as textile, cosmetics, toiletries, pharmaceutical, etc. Additionally, the expanding market for liquid silicone rubber in electronics and machinery, owing to its flexibility, ease of production, and high ability to form precision components, will spur the global silicone fluids industry in the future periods. Furthermore, the increasing investments in research & development activities and rise in construction activities are expected to witness remarkable growth of silicone fluids. The surge in utilization in personal care products due to their excellent spreading, improved texture, and glossiness is expected to propel silicone fluids’ demand over the coming years. Moreover, the rising preference for silicone-based medical implants and increasing use of silicone fluid in the automotive industry positively impact the market for silicone fluids. Furthermore, the expanding use of silicone fluid in cosmetics to reduce the sticky & oily skin feel associated with vast levels of organic sunscreen oils fuels the demand for silicone fluids in the market. The increasing infrastructure construction activities and rapid urbanization will bolster the global silicone fluids market share.

Growth Driver

Rising demand from lubricants and greases

Silicone fluids or silicone oils have low volatility, low thermal surface tension, and excellent shear resistance, due to which it is notably favored in lubricants & greases. Silicone Fluid also extends excellent lubricating properties and is used as a base fluid for lubricants. Due to silicone fluids’ non-reactive, non-polar, and semi-inorganic composition, their use as release agents and lubricants results in a relatively high variance with chemicals. Silicone fluids provide lubrication for interfaces of stainless steel aluminum, steel-zinc, steel-bronze, and various plastics. Further, the demand for silicone fluids is likely to increase with the increasing demand for lubricants worldwide from multiple industries such as heavy equipment, automotive, and transportation. Thus, silicone fluids need to grow in fats application over the forecast period considering the above factors.

The growing use of silicone fluid in the automotive industry

Silicone fluids are used increasingly as vehicle polishing additives, sealants, and dressings. The automobile industry uses various silicone fluid additives, ranging from tire shine products, upholstery cleansing and conditioning, waxing, water repellent screens for doors, headlights, windows, and sunroofs. Silicone Fluids are compounds of silicone polydimethylsiloxane that provide superior protection against penetration of moisture and water. Dimethyl silicone fluid has been adopted as a gloss enhancer in automotive waxes, rubber dampers as a filling material, and instrument meters as a damping medium. It is also utilized as fill material in sensors and a damping medium for auto seats in more wide-ranging applications. In addition, the heat-resistant silicone fluids have enhanced oxidation stability, which is obtained by adding improvers in heat resistance to dimethyl silicone fluid. They are used as fan coupling fluids and other applications for torque transmission and as heating mediums in cars.

COVID-19 Impacts Insights

The coronavirus outbreak in Wuhan, China, has spread across the various developed and developing APAC, North American, and European countries, affecting the market for silicone fluids since most global organizations have their headquarters and locations in these countries. In 2020, the silicone fluids market was impacted to a meager extent by the COVID-19 pandemic with a nominal decline in CAGR. This impact of COVID-19 had disrupted the supply chain, which had slowed down the market growth due to the limitation of essential raw materials and the workforce unavailability. With the rise in COVID-19 cases, the shutdown of various operations, implementation of emergency protocols and facilities have been witnessed during 2020 due to decreased raw material production, supply chain disruptions, and inhibited trade movements. The end-use industries, such as textiles, and automotive & transportation, were affected by the pandemic.

Type Segmental Analysis

Based on the type, the global silicone fluids market is segregated into straight and modified. The modified segment is estimated to witness the highest growth over the analysis timeframe due to the increasing use in various applications, as ingredients in cosmetics, textile treatment agents, resin modifiers, additives for waxes, water repellents for construction applications, and release agents. In addition, they are also used in various industries to improve the function of existing polymeric materials and develop new materials. The straight segment will grow significantly due to the rise in silicone fluids as cosmetic and paint additives.

End-use Industry Segmental Analysis

The global silicone fluids market is categorized into personal care & beauty, textiles, automotive & transportation, industrial, building & construction, etc. The personal care & beauty segment held a significant market share in 2021 and will gain maximum market revenue by 2030. It is due to their versatility, improved texture, glossiness, and excellent spreading. In addition, silicone fluids are highly used in personal care products, such as face cream, cosmetics, soaps, shampoo, deodorant, and makeup. They offer several functional benefits, including a stable rheological base with delivery benefits and good compatibility with other solvents and inert ingredients in the formula. They spread smoothly and provide a cushioning & silky feel to the skin. The textiles segment is poised to witness significant growth over the forecast period due to the growing textile and apparel industry adoption as a lubricant, fabric softening agent, waterproofing agent, and finishing agent.

Region Segmental Analysis

The global silicone fluids market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to project considerable growth over 2022-2030. It is due to the advent of technology, leading industry players, and the growing construction sector. The Asia Pacific will capture a significant share of the silicone fluids market by 2030. Due to the increasing adoption in the personal care sector, continually growing textile industry, and increasing infrastructure construction activities.

Competitor Analysis

Companies such as The Dow Chemical Company, Wacker Chemie AG, Elkem ASA, Momentive, Shin-Etsu Chemical Co. Ltd., ChemChina, DowDuPont, KCC Corporation, Gelest Incorporated, Clariant International limited, and Saint Gobain are the key players in the global silicone fluids market.

Key Stakeholders

• Market research and consulting firms
• Industry associations
• Global silicone fluids manufacturing firm
• Research organizations and consulting companies
• Organizations, associations, and alliances related to silicone fluids
• Regulatory bodies
• Suppliers
• Retailers

Recent Development

• In October 2023, Shin-Etsu Chemical launched a Sustainable Silicone Business Development Department to improve the development and sales of eco-friendly silicone products, aligning with a 100 billion investment and donating to sustainable growth
• In September 2023, WACKER Chemie AG initiated a Euro 150 million (USD 164.14 million) growth project in Zhangjiagang, China, improving specialty silicone production. New production lines for functional silicone fluids, emulsions, and elastomer gels desire to start operation by H2 2025

The objective of the Research

• Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
• Product analysis involves examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
• Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a significant effect on the target market.
• Market Segmental Analysis defines an in-depth scenario of the target market by grouping consumers into naturally existing segments of consumers who share similar product preferences or characteristics.
• The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs, wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Type

• Straight
• Modified

 By End-use Industry

• Personal Care & Beauty
• Textiles
• Automotive & Transportation
• Industrial
• Building & Construction
• Others

 By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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