Polydimethylsiloxane (PDMS) is silicon based organic polymer widely used due to its rheological (flowing and lubricating) property and known as silicones. Therefore, silicone oils are also marketed as polydimethylsiloxane (PDMS). These oils are transparent, tasteless, non-toxic, and odorless. Therefore, these oils find multiple applications across chemical, construction, personal care, textile, electronics industries. The defoaming effect of silicone oil has enhanced its utilization in medical industry. For instance, the addition of silicone oil in pharmaceutical creams increases the soothing effect on burns, bed scores, and dermatitis. Moreover, the anti-clothing effect of silicone oil is used to treat the surface of blood storage devices for a longer period of time. The increasing utilization of silicone oil in medical facilities as a lubricant in syringes and as a vitreous fluid in cases of eye surgeries further fuels market growth. Furthermore, the antifoaming properties of silicone oil make it a primary ingredient in anti-flatulent medicines. The market is set to witness significant growth owing to rapid utilization of silicone oils as release agents and ingredients for cosmetics. Silicone oil is widely used as an ingredient in shampoo’s to enhance the lubrication of hair.
On the basis of application, the global silicone oil market is categorized into textile coatings, sealants, skin and health care, hydraulic oil, antifoam agents, release agents and others(water repellent and detergents). In 2020, skin and healthcare segment is expected to account for the major share of the total silicone oil market by volume owing to its antifoam characteristics which helps in lowering the soaping effect. Apart from this, silicone oil is gaining traction in different verticals such as automotive, construction and medical industry. There are increasing instances of granuloma formation (defect in tissues of eye as a result of infection) caused by silicone oil during retinal surgeries. Also, high costs of silicone as compared to its other counterparts is expected to hinder the market growth in the years to come.
The global silicone oil market is bifurcated on the basis of geography into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2020, Asia-Pacific was the largest market for silicone oil. It contributed about more than 40% to the total demand of silicone oil during year 2020. The silicone oil market of Asia Pacific is expected to witness the highest growth rate in the forecast period. This growth is majorly contributed by rising living standards along with rapid industrialization in these regions, particularly from economies such as Japan, China and India. In North America, there is a recent trend of utilizing recycled silicone oil which performs similar functions as that of silicone oil. Recycled silicone oil is expected to reduce reliance on virgin materials for the production of silicone oil. Growing adoption of recycled silicone oil in multiple end-use industries is expected to create lucrative opportunities for market growth.
Wacker Chemie AG, Dow Corning Corporation, Momentive Performance Materials, ACC Silicones, Shin-Etsu Chemical Company limited, Elkem Silicones, Clear Co Products Company, BRB International B.V., Evonik Industries, M.R. Silicone Industries, Iota Silicone Oil Company Ltd., KCC Basildon Chemical Company Ltd. and Siltech Corporation are few key manufacturers in Silicone Oil market.
Silicone oil is widely utilized in numerous automotive, medical, and industrial applications. Lower surface tension, higher heat stability, and superior oxidation resistance properties make silicone oil an excellent release agent which is used in chemical processing plants for precision casting of low-melting metals (zinc and aluminum). In addition to it, silicone oil eases lubrication in vehicle bearings and gears so as to maintain better functioning of the machines. Skin and healthcare segment is expected to be the most lucrative and preferred segment of the key players as the demand for sunscreens, anti-aging creams, conditioners are growing. In 2020, skin and healthcare segment also accounted for the largest share of the total silicone oil market by volume. Rapid rise in population, and growing demand for improved quality of personal care products are other factors augmenting the market growth. On the other hand, owing to water repellent property of silicones making it suitable for treating cotton, polyester acetate, and other fibers. The heat stability and dynamic coefficient of friction of silicone oil further lowers the chances of fiber melting and breakage during high-speed manufacturing. Furthermore, silicone oil has excellent defoaming action which makes it ideal to be used as a defoamer for oil-based foaming fluids. Also, there is enhanced usage of antifoams at the scouring phase (cleaning of raw fibers) in textile industry before the finishing step as the foam deposition could lead to staining issues. Therefore, the use for silicone oil in textile treatments further improves the quality of fabrics for daily living as well as sophisticated applications. Collectively, all the above factors are bound to surge the market growth.
Silicone oil is utilized for production of cosmetics owing to its low surface tension and viscosity which eases the spread of emulsion on the skin. This property gives a unique feel on the skin, by forming a silicone film which allows water vapor from the dermis and epidermis to evaporate easily.
In 2020, personal care segment accounted for maximum share owing to its growing demand in developing nations. Silicone oil are widely embraced among cosmetics industry to provide improved moisture and skin protection. Companies such as Wacker Chemie AG have developed a ready-to use silicone oil formulations which imparts better conditioning, anti-hair breakage, repair effect and gloss enhancement. Dow Corning have also developed Dimethicone, which is referred to as silicone emulsifier has further enhanced the performance of sunscreen formulations and color cosmetics. Apart from personal care products, medical segment is forecasted to grow at a rapid pace as silicones are utilized for fabricating multiple medical surfaces such as injections or needles. As per Food, Drug and Cosmetic Act, silicone oil can be used as a release agent in casting applications. Casting is a method of detecting contours (marks) on face which is treated by the method of continuous injection. This method elevates the formation of collation and subsequently fills the depression/ wrinkle on the face. The growing use of silicone oil in cosmetic surgical treatments is poised to fuel market growth.
In 2020, Asia-Pacific was the largest market owing to rising consumer awareness, wide scale industrialization, growing population, and growing preferences to supplements and medications. Asia-Pacific contributed majority to the total demand of the silicone oil during year 2020. In addition, growth is also projected to be fastest from Asia Pacific regions owing to rapid industrialization, rising living standards along with higher demand for personal care products from India and China. Moreover, few of the major players are such as Wacker Chemie AG and Dow Corning Corporation exhibit a strong foothold in Asia-Pacific region. North America and Europe are expected to witness substantial growth rate from 2023 to 2030. Latin America and Middle East & Africa regions are projected to witness below average growth rate during the forecast period of 2023 to 2030. One the major factor driving growth of silicone oil is that silicone oil-based defoamers are widely utilized across various industry verticals such as water treatment, food and beverages and paper & pulp. There is rapid demand for oil based defoamers in Brazil. The property of silicone oil based defoamer to release entrapped air by the cracking the surface foam in paper and pulp industry is further increasing its demand in this region. In addition, the ongoing research and development activities, advancements in technologies, and product innovations are leading to growing use of silicone oil defoamers in potential industrial applications.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Silicone Oil market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
