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Global Silicone Oil Market to Grow at a CAGR of 6.8% During the Forecast Period of 2022-2027, Aided by the Increasing Demand for the Product from Various End-Use Industries

Silicone Oil Market

Global Silicone Oil Market Size, Share, Trends, Forecast: By Type: Straight, Modified; By Application: Anti-Foam Agent, Chemical Intermediate, Release Agent, Sealant, Skin and Hair Care, Others; By End Use: Automotive, Chemical, Construction, Electronics, Medical, Personal Care, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Silicone Oil Market Outlook

The global silicone oil market stood at a value of around USD 4.69 billion in 2023. The market is further expected to grow at a CAGR of 7.0% in the forecast period of 2024-2032 to attain USD 8.57 billion by 2032.

 

Global Silicone Oil Market

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Rising Use of Modified Silicone Due to its Various Advantages to Bolster the Growth of the Silicone Oil Industry

Based on type, modified silicone oil accounts for a significant share in the industry and is likely to witness a steady growth over the forecast period. This can be attributed to the greater stability and high spreading power of the product. Its properties, such as high-temperature non-toxic use at low surface tension and high lubricity, make it an excellent product for use in various industries, including automobile.

 

Rising Demand for Anti-Foaming Agents in Various Industries to Augment the Silicone Oil Industry Growth

On the basis of application, the anti-foam segment is anticipated to account for a significant share in the market, owing to the growing demand for anti-foaming agents in various end use industries, including detergents, food, pulp and paper, oil drilling, machine tool, and pharmaceutical, among others. Meanwhile, the skin and hair care segment is likely to grow at a considerable rate, owing to the growing demand for personal care products, particularly in emerging economies of the world.

 

The Asia Pacific Accounts for a Significant Share in the Market

The silicone oil industry in the Asia Pacific is anticipated to witness a steady growth in the forecast period, owing to the rising standards of living in countries like India and China, along with the growing inclination of a significant portion of the population towards skin and hair care products. The market is expected to be aided by the thriving automotive industry in the region, which is one of the major end use sectors of silicone oil.

 

Silicone Oil: Market Segmentation

Silicone oil is defined as an oil that is comprised of linear repeating chains of silicon and oxygen. This type of polymer is of commercial interest because of its relatively high thermal stability and lubricating properties.

 

Global Silicone Oil Market by Segment

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Based on type, the market is divided into:

  • Straight
  • Modified

On the basis of application, the industry is segmented into:

  • Anti-Foam Agent
  • Chemical Intermediate
  • Release Agent
  • Sealant 
  • Skin and Hair Care
  • Others

Based on end use, the market is categorised into:

  • Automotive
  • Chemical
  • Construction
  • Electronics
  • Medical 
  • Personal Care
  • Textile
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Silicone Oil Market by Region

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Rising Demand for the Product in Various End Use Sectors to Boost the Growth of the Silicone Oil Industry

The global silicone oil industry is driven by the growing demand for the product in various end use industries, such as automotive, personal care, electronics, construction, and medical, among others. For instance, in the personal care industry, silicone oil is used to prepare various products, including shampoos, hair care products, and others due to its conditioning benefits. Furthermore, owing to its versatility, biocompatibility, low surface tension, and high permeability, silicone oil is extensively used in the preparation of myriad homecare products. Over the forecast period, the steady growth of the medical sector is expected to significantly contribute to the market growth.

 

Key Industry Players in the Global Silicone Oil Market

The report gives a detailed analysis of the following key players in the global silicone oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Wacker Chemie AG
  • Evonik Industries AG
  • Shin-Etsu Chemical CO. LTD.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, End Use, Region
Breakup by Type Straight, Modified
Breakup by Application Anti-Foam Agent, Chemical Intermediate, Release Agent, Sealant, Skin and Hair Care, Others
Breakup by End Use Automotive, Chemical, Construction, Electronics, Medical, Personal Care, Textile, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Wacker Chemie AG, Evonik Industries AG, Shin-Etsu Chemical CO. LTD., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Silicone Oil Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Silicone Oil Historical Market (2018-2023) 
    8.3    Global Silicone Oil Market Forecast (2024-2032)
    8.4    Global Silicone Oil Market by Type
        8.4.1    Straight
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Modified
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Silicone Oil Market by Application
        8.5.1    Anti-Foam Agent
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Chemical Intermediate
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Release Agent
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Sealant
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Skin and Hair Care
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Silicone Oil Market by End Use
        8.6.1    Automotive
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Chemical
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Construction
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Electronics
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Medical
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Personal Care
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Textile
            8.6.7.1    Historical Trend (2018-2023)
            8.6.7.2    Forecast Trend (2024-2032)
        8.6.8    Others
    8.7    Global Silicone Oil Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Silicone Oil Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Silicone Oil Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia Pacific Silicone Oil Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Silicone Oil Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Silicone Oil Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
    16.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    16.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Wacker Chemie AG
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Evonik Industries AG
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Shin-Etsu Chemical CO. LTD.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Others
18    Key Trends and Developments in the Market
 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Silicone Oil Market: Key Industry Highlights, 2018 and 2032
2.    Global Silicone Oil Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Silicone Oil Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Silicone Oil Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Silicone Oil Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Silicone Oil Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.    Global Silicone Oil Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.    Global Silicone Oil Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Silicone Oil Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Silicone Oil Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Silicone Oil Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Silicone Oil Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Silicone Oil Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Silicone Oil Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Silicone Oil Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Silicone Oil Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Silicone Oil Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Silicone Oil Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Silicone Oil Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    North America Historical Price Trends and Forecast 2018-2028
21.    Europe Historical Price Trends and Forecast 2018-2028
22.    Asia Pacific Historical Price Trends and Forecast 2018-2028
23.    Latin America Historical Price Trends and Forecast 2018-2028
24.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
25.    Global Silicone Oil Market Structure

Key Questions Answered in the Report

What was the global silicone oil market size in 2023?

In 2023, the global silicone oil market attained a value of nearly USD 4.69 billion.

What is the growth rate of the market?

The market is estimated to witness a healthy growth at a CAGR of 7.0% in the forecast period of 2024-2032.

What are the major market drivers?

The market is being driven by the increasing demand for silicone oil in the automotive market, the growing demand for anti-foaming agents, and the rising use of silicone oil in the personal care sector.

What are the key trends of the market?

The key trends of the market include the robust growth of the medical sector, the increasing end-uses of silicone oil, and the growing utilisation of silicone oil in the preparation of homecare products.

What are the major regional markets of silicone oil, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading types of silicon oil?

Straight and modified are the leading types of silicone oil.

What are the different applications of silicone oil?

Anti-foam agent, chemical intermediate, release agent, sealant, and skin and hair care, among others, are the different applications of silicone oil.

What are the significant end uses of silicone oil?

Automotive, chemical, construction, electronics, medical, personal care, and textile, among others, are the significant end uses of silicone oil.

Who are the key market players, according to the report?

The key players in the global silicone oil market are Wacker Chemie AG, Evonik Industries AG, and Shin-Etsu Chemical CO. LTD., among others.

Analyst Review

The global silicone oil market attained a value of about USD 4.69 billion in 2023, driven by the rising application of silicone oil-based products in various end-use industries. Aided by the robust growth of the medical sector, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.0%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the silicone oil industry is bifurcated into straight and modified. On the basis of application, the market is divided into anti-foam agent, chemical intermediate, release agent, sealant, and skin and hair care, among others. By end uses, the market is segmented into automotive, chemical, construction, electronics, medical, personal care, and textile, among others. The major regional markets for silicone oil are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Wacker Chemie AG, Evonik Industries AG, and Shin-Etsu Chemical CO. LTD., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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