Global Silicone Oil Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|全球矽油市場 (2021-2028) Global Silicone Oil Market - 2021-2028|
|出版日期: 2021年07月30日||內容資訊: 英文 180 Pages||
Global Silicone Oil Market Overview
The global silicone oil market size was worth US$ XX billion in 2020 and is projected to record significant growth by reaching up to US$ XX billion by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).
Silicone oil is a clear, non-toxic, odorless, tasteless liquid consisting of a siloxane linear chain that is an organosilicon with various side chains connected to the (Si-O-Si) component. There are various types of silicone oils, which differ depending on their viscosity and their properties. The differences are based on their viscosity and molecular weight. Silicone oils usually have a low specific density (0.97), low interfacial tension (35 mN/m), high viscosity (1-5cs), with a capacity to be heavier or lighter than water that depends on the radical group attached to it. Because of these properties, silicone oils in the healthcare industry have an important use. Apart from this, Silicone oil is employed across various industries such as automotive, electronics, cosmetics & personal care, textile, and chemical.
Silicone Oil Dynamics
The global silicone oil market is driven by increasing demand for the product in vitreoretinal surgery owing to its properties. Increasing silicone applications in various end-users such as personal care, cosmetics, and automotive create lucrative market opportunities to grow in the forecast period.
Increasing demand for silicone oil in vitreoretinal surgery owing to its properties is expected to accelerate the market's growth in the forecast period.
Silicone oils are important tools in vitreoretinal surgery, and their introduction has been a crucial moment in ophthalmic surgery management as they are fitted with a mixture of chemical and physical properties that have driven their surgical use. Owing to their ability to sustain adhesion between the retina and the retinal pigment epithelium, silicone oils are primarily used as intraocular tamponade. Furthermore, silicone oils can displace aqueous humor from the retinal surface, thus maintaining the adhesion between the retina and retinal pigment epithelium. Silicone oil was used both as an intraocular instrument and as a postoperative tamponade to treat giant retinal tears before the advent of PFCLs. Silicone oil has been used to promote the unfolding and flattening of retinal tears and retinal detachment as an intraocular method. Thus the growing percentage of vitreoretinal surgeries across the globe is triggering silicone oil demand in recent times.
Increasing application of silicone in various end-users such as personal care, cosmetics, automotive is creating lucrative opportunities for the market to grow in the forecast period.
Improving adoption of silicone oil among various industries such as construction, personal care, and automotive owing to its various properties such as excellent resistance from water and temperature, temperature stability, anti-shearing capability, hydrophobicity, good dielectric, and durability properties is creating immense opportunities for the silicone oil market to proliferate in the forecast period. Furthermore, the growing use of this oil in various personal care items, such as hair conditioners, lipsticks and lip glosses, facial cleansers, sunscreen creams, anti-aging creams, and others, the demand for silicone oil in the cosmetic industry is adding value to the growing market. Due to the growing use of silicone oil to manufacture ointments, anti-flatulence medications, and others, silicone oil in the pharmaceutical industry is increasing. Besides, the increasing use of silicone oil as lubricating oil in mechanical components has led to increasing demand for silicone oil in the automotive industry. Thus the applications mentioned above among different end-users are accelerating silicone oil growth in the forecast period.
Silicone oil holds a wide range of properties, making it the first choice for various application among different end-users, thus creating lucrative opportunities for the product to build a high market share in the forecast period.
In comparison with the previous decades, currently, the customer is more aware of environmental protection. Due to the product's biocompatible and biodegradable properties, silicone oil is gaining popularity among end-users in various applications. Furthermore, silicone offers some excellent properties. It is incredibly durable, non-reactive and persistent in extreme environments, creating opportunities for the product to target a larger end-user base. For instance, silicone oil is widely used in dashpots, diffusion pumps, wet-type transformers, and oil-filled heaters as the working fluid. The external coolant loop and radiators of the Zvezda International Space Station module, which rejects heat in the vacuum of space, are used in aerospace use. Due to their low surface tension, some silicone oils, such as simethicone, are potent anti-foaming agents. They are used in industrial applications where excessive foam quantities can be troublesome, such as distillation or fermentation. To avoid excessive foaming during deep frying, they are often applied to cooking oils.
COVID-19 Impact Analysis
The global outbreak of COVID-19 has negatively impacted the silicone oil market's growth, especially in the year 2020. The significant drop in the market is decreased industrial activities in developing countries such as China, India, and others. China was the highest importer of silicone-based products and is severely hampered by the global pandemic. Further several countries acorss the global have restricted production activities during the covid-19 pandemic. Due to the COVID-19 outbreak, the major lockdown suddenly drops down consumers' interest due to disruption in the product's supply chain management.
The majority of businesses were shut down, and operations across several end-users of silicone oil products such as various medical surgeries were put on hold. Many automotive units were tempered shut down, thus dropping the product's global demand in 2020.
Silicone Oil Market Segment Analysis
The global silicone oil market is segmented on type, application, end-user and region.
A wide range of properties offered by silicone oil, such as versatility, conditioning benefits, biocompatibility, low surface tension, high permeability, and pressure-sensitive made it to used extensively in myriad homecare & personal care applications
In terms of end-user, the global silicone oil market is segmented into chemical, personal care & home care, construction, textile, electronics, automotive, aerospace & defense, cosmetics and healthcare. Out of the mentioned end-users, personal care & home care are expected to build a huge market share in the forecast period. The segment's significant growth is its versatility, conditioning benefits, biocompatibility, low surface tension, high permeability, and pressure-sensitive properties of silicone oil used extensively in myriad homecare & personal care applications. Furthermore, it is also used to manufacture items for home care, such as furniture polish, detergents, toiletries, insecticides, fragrances, etc. The growing population and the demand for improved personal care product quality drive the personal care & home care market for silicone oil.
Silicone Oil Market Geographical Analysis
Increased demand, cheap labor, easy access to raw materials, favorable government regulations and strong adoption of silicone oil for vitreoretinal diseases in the Asia-Pacific region is building the market of the region
Asia-Pacific region is dominating the global silicone oil market in recent times. Strong adoption of silicone oil for vitreoretinal diseases and high demand in developing countries such as China and India in the region for hair and skin care products is triggering the product's market. The rising standard of living and the high presence of silicone oil producers in the Asia Pacific region is attributed to the availability of raw materials, low labor costs, and favorable government regulations and laws. The largest user of silicone oil is China. The country's high demand for silicone oil is attributed to the rapid industrialization seen over the past few years. Many key players in the silicone oil market are expanding their silicone oils business due to increased demand, cheap labor, easy access to raw materials, favorable government regulations, and others are building immense opportunities for the silicone oil market to proliferate in the forecast period.
Silicone Oil Market Competitive Landscape
The silicone oil market is consolidated with the presence of limited global companies. Some of the key players contributing to the market's growth include Momentive, Merck KGaA, Shin-Etsu Chemical Co., Ltd, Siltech Corporation, Clearco Products Co., Inc, Evonik Industries, Elkem Silicones, BRB International B.V, Thermo Fisher Scientific Inc, Vinzai Chemical Industries Pvt Ltd and among others.
The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the global growth of the silicone oil market. The key players follow the acquisition, collaboration as the growth strategy to build revenue for their business.
Overview: Evonik Industries AG is a stock-listed German specialty chemicals company based in Essen, North Rhine-Westphalia, Germany. It holds the second-largest chemical company position in Germany and one of the largest specialty chemical companies globally.
The global silicone oil market report would provide access to an approx: 61 market data table, 51 figures and 226 pages.
Target Audience 2022
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