Global silicone fluids demand is anticipated to be valued at USD 5.4 Billion in 2022, forecast to grow at a CAGR of 6.03% to be valued at USD 9.7 Billion from 2022 to 2032. The market is predicted to rise due to rising demand from the personal care industry and technological advancements in the United States.
| Report Attributes | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 5.1 Billion |
| Expected Market Value (2022) | USD 5.4 Billion |
| Anticipated Forecast Value (2032) | USD 9.7 Billion |
| Projected Growth Rate (2022 to 2032) | 6.03% CAGR |
Silicones, also known as polydiorganosiloxanes, are widely used in industry due to their excellent temperature stability and lubricating qualities. Silicone fluids have chemical compound backbones and thermally stable organo-functional groups. Silicone fluid's compatibility with organic resigns is improved by this chemical makeup. Temperature resistance and thermo aerobic resistance are both high in silicone fluids.
Silicone fluids are transparent, odorless, and tasteless liquids. In terms of electromagnetic characteristics and UV, alpha, beta, and gamma radiations, silicone polymer fluids are also more stable than organic polymers. The global silicone polymer fluid market is predicted to be driven by increased demand from end-user industries such as textiles, cosmetics, toiletries, and pharmaceuticals.
Furthermore, rising building activities, increased investment across end user sectors, and silicone polymer fluid's fantastic heat resistance property, thermal stability, and solubility are likely to fuel the market for silicone polymer fluid. Silicone fluids have low physical phenomena, making them further more suitable for applications requiring greater spreading power and surface activity. Silicone fluids have little consistency change across a wide temperature range and have almost no bad effect on metals and other materials, thus they are in high demand for a wide range of applications.
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Silicone fluids are highly adaptable materials that are employed in a variety of sectors. UV stability, glossiness, transparency, radiation resistance, hydrophobicity, heat resistance, durability, dielectricity, adhesion, foam control, discharge safety, and flexibility are just a few of the distinctive features that allow them to be employed in a variety of ways.
Silicone fluids are utilized in a variety of applications, including those that need resilience to harsh weather conditions. To withstand outdoor exposure, silicone fluids can adjust to significant temperature changes (from -76°F to 572°F) and have great stability against all kinds of radiation, notably UV. It's also utilized in the electrical and electronics industries because of its high electrical resistance.
Silicone fluid improves the performance of automobiles by offering excellent oil and coolant resistance, high heat resistance, and a low compression set. As a result, silicone fluids are commonly employed in the automobile sector. In recent years, automakers have been concentrating on increasing car safety regulations and finding solutions to meet those criteria.
A vehicle's systems are constantly improved with new technology to improve fuel efficiency, comfort (climate control and global positioning system), and entertainment, among other advantages. Silicone fluids are commonly employed in these systems as a result. Manufacturers can provide customized solutions for their clients' unique applications because to their outstanding features.
Most silicone fluid products have no limits on their use. Certain regulatory agencies in some countries, however, govern the use of a few silicone fluid products, particularly in the personal care and beauty goods and medical and healthcare industries. The usage of two silicone fluid products, cyclosiloxanes D4 and D5, which are used in the personal care and cosmetics industries, is restricted by the UK Competent Authorities and the European Chemicals Agency (ECHA).
In personal care products, these chemicals are required to be confined to a concentration of 0.1% by weight. Their usage is also limited in Canada and the United States, in addition to the United Kingdom. All of these laws and licensing processes are time-consuming, which limits the silicone fluids market's expansion in these industries.
The construction industry in Asia-Pacific is the world's largest. The Asia-Pacific construction sector is being driven by an increase in infrastructure development activity. A vast number of building projects have sprung up as a result of rapid urbanization, particularly in China and India. The Asia-Pacific market share was dominated by China.
The continual improvement in the region's economic conditions has improved consumers' financial situations, which has boosted demand for constructions and other infrastructure operations in the country. The 13th Five-Year Plan of China began in 2016, which was a significant year for China's engineering, procurement, and construction (EPC) business. In addition, during the year, the country experimented with innovative business methods both locally and abroad. Although the building sector declined after 2013, it remains a significant contribution to the country's GDP.
China is the world's and the region's largest lubricant user. Regardless of the poor development of the economy, the country's consumption rate is predicted to stay stable. China is the world's top producer and exporter of textiles. The Chinese textile sector has grown rapidly over the previous two decades to become one of the country's most important economic pillars, contributing 7% of GDP. The market for silicone fluids in the area is expected to grow in the future years as a result of all of these factors.
According to Future Market Insights, A growth in demand in the personal care, healthcare and medical, transportation, and renewable energy sectors is driving the North American silicone fluids market. Silicone fluids are in high demand in the medical industry for cosmetic implants, cardiac implants, and other medical equipment placed into patients' bodies. Silicone-based automotive components are also gaining popularity in the region's transportation industry. Silicone fluids are employed in windmill shafts and solar power cells in North America's energy industry. Other important application sectors in the region include construction and electronics.
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Some of the key participants present in the global Silicone Fluids market include Wacker Chemie AG, Bluestar Silicones, Momentive Specialty Chemicals Inc., Shin-Etsu Chemical Co. Ltd. and Dow Corning Corp., ACC Silicones, KCC Basildon, Gelest Inc., Siltech Corporation among others.
Attributed to the presence of such high number of participants, the market is highly competitive.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 6.03% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Type, End Use Industry, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Chemie AG; Bluestar Silicones; Momentive Specialty Chemicals Inc.; Shin-Etsu Chemical Co. Ltd. and Dow Corning Corp.; ACC Silicones; KCC Basildon; Gelest Inc.; Siltech Corporation |
| Customization | Available Upon Request |
FMI projects the global Silicone Fluids market to expand at a 6.03% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic silicone fluids market.
Chemie AG, Bluestar Silicones, Momentive Specialty Chemicals Inc., Shin-Etsu Chemical Co. Ltd. and Dow Corning Corp., ACC Silicones, KCC Basildon, Gelest Inc., Siltech Corporation are some prominent Silicone Fluids manufacturers
| Expected Market Value (2022) | USD 5.3 Billion |
|---|---|
| Anticipated Forecast Value (2032) | USD 8.8 Billion |
| Projected CAGR (2022 to 2032) | 5% |
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