Silicone Fluids Market by Type (Straight and Modified), End-Use Industry (Personal Care & Beauty, Textiles, Automotive & Transportation, Building & Construction and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026759 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed the US$ 5.3 billion mark in 2022 and is expected to hit US$ 7.8 billion by 2030, recording a CAGR of 5.0% during the forecast period.

Growing demand for silicone fluids in the personal care & beauty industry.

The lucrative growth in the personal care & beauty industry is influenced by growth factors such as emphasis on wellness and beauty, innovative cosmetics trends, changing lifestyles, rising disposable income and rapid globalization. Silicone fluids have growing applications as anti-foaming agents, and as additives, for automotive, personal care, and construction applications, thereby having major demand across major end-use sectors. Silicone Fluid has a flourishing application in the personal care & beauty sector for cosmetic ingredients, shampoo, and creams, among others, due to its excellent features such as anti-foaming agents, physiological inertness, transparency and odour-free.

Within the report, the market is segmented into type, end-use industry, and geography. By type, the market is further segmented into straight and modified Silicon Fluids. Based on the end-use industry, the market is bifurcated into personal care & beauty, textiles, automotive & transportation, building & construction, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Rising demand for silicone fluids in the chemicals and material industry.

Silicones, also known as polydiorganosiloxanes, are widely used in industry due to their excellent temperature stability and lubricating qualities. Silicone fluids are transparent, odorless, and tasteless liquids. Silicone fluids have chemical compound backbone and thermally stable organo-functional groups. Silicone fluid's compatibility with organic resins is improved by this chemical makeup. The temperature resistance and thermal aerobic resistance are both high in silicone fluids. Silicone polymer fluids are more stable than organic polymers regarding electromagnetic characteristics and UV, alpha, beta, and gamma radiations.

Increasing adoption of various end-use industries is a major factor accelerating market growth.

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. Moreover, 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 suitable for applications requiring greater spreading power and surface activity.

Recent strategic developments in the silicone fluids market

The Silicone fluids market has undergone several significant developments in the recent period, and a few of these have been mentioned below:

  • In May 2021, Shin-Etsu Chemical Co., Ltd developed a new volatile silicone fluid named KF- 4422 to be used in diverse personal care products.
  • In March 2020, The Dow Chemical Company extended the production of its silicone intermediates and downstream portfolio.

The Silicone fluids market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. The Dow Chemical Company, Wacker Chemie AG, Elkem ASA, Momentive, and Shin-Etsu Chemical Co., Ltd. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Chemicals and materials related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Silicone fluids suppliers
  • Automotive & Transportation raw material manufacturers
  • Building & Construction raw material manufacturers
  • Silicone fluids distributors and sales firms
  • End users of silicone material
  • Cosmetics and personal care products industry
  • Textile manufacturers
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Straight
    • Modified
  • End-Use Industry
    • Personal Care & Beauty
    • Textiles
    • Automotive & Transportation
    • Building & Construction
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • The Dow Chemical Company
    • Wacker Chemie AG
    • Elkem ASA
    • Momentive
    • Shin-Etsu Chemical Co., Ltd.

The List of Companies
- The Dow Chemical Company
- Wacker Chemie AG
- Elkem ASA
- Momentive
- Shin-Etsu Chemical Co., Ltd.

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