The Asia Pacific Silicone Oil Market would witness market growth of 7.4% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 470.3 kilo tonnes, showcasing a growth of 25.5% (2020-2023).
In the personal care industry, Silicone Oil is prized for its multifaceted benefits that enhance the performance and sensory appeal of products. It is widely used in skincare formulations for its smooth, non-greasy texture that moisturizes and protects the skin without clogging pores. Silicone Oil's ability to form a breathable barrier on the skin helps to retain moisture and improve skin elasticity, making it a key ingredient in lotions, creams, and sunscreens. Therefore, in Japan, 23.32 kilo tonnes of silicone oil is utilized by personal care industry by the year 2023.
The China market dominated the Asia Pacific Silicone Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $775.1 million by 2031. The Japan market is registering a CAGR of 6.7% during (2024 - 2031). Additionally, The India market would capture a CAGR of 8.1% during (2024 - 2031).
The automotive industry extensively utilizes silicon oil in various lubrication and damping applications. In shock absorbers, silicon oil dampens vibrations and maintains smooth vehicle operation, enhancing ride comfort and stability. Moreover, it is found to be used as a lubricant in automotive engines and transmissions, where its thermal stability and viscosity properties ensure optimal performance under high-temperature and high-pressure conditions.
Silicon oil is crucial in the electronics industry as a heat transfer fluid and dielectric coolant. Its ability to efficiently dissipate heat and insulate electrical components makes it indispensable in the cooling systems of electronic devices such as computers, LEDs, and power transformers. Silicon oil-based thermal interface materials also facilitate the efficient transfer of heat between electronic components and heat sinks, improving overall device reliability and longevity.
Silicon oil is used in various automotive components such as seals, gaskets, O-rings, and shock absorbers due to its lubricating, sealing, and damping properties. As the automotive industry in China expands, there is a corresponding increase in the demand for these components, driving up the need for silicon oil as a key ingredient in their manufacturing processes. According to the International Trade Administration (ITA), China remains the world’s largest vehicle sector in annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025. Over 26 million vehicles were sold in 2021, including 21.48 million passenger vehicles, an increase of 7.1% from 2020. Commercial vehicle sales reached 4.79 million units. Therefore, the market’s growth is driven by the region’s growing textile industry and automotive sector.
Free Valuable Insights: The Global Silicone Oil Market is Predict to reach USD 7.4 Billion by 2031, at a CAGR of 7.0%
Based on Application, the market is segmented into Skin & Hair Care, Sealant, Textile Coating, Detergent, Chemical Intermediate, Anti-foam Agent, Release Agent, and Others. Based on Type, the market is segmented into Modified, and Straight. Based on End-user, the market is segmented into Personal Care, Chemical, Construction, Textile, Electronics, Automotive, Medical, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By End-user (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 