The Latin America, Middle East and Africa Silicone Oil Market would witness market growth of 9.0% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 145.2 kilo tonnes, showcasing a growth of 6.9% (2024-2031).
The chemical end-use industry is a significant segment in the Silicone Oil market, leveraging its unique properties for various applications. Silicone Oil's stability, low volatility, and resistance to extreme temperatures and chemical reactions make it invaluable in the production of lubricants, surfactants, and processing aids. It acts as a key ingredient in synthesizing silicone-based compounds such as resins and adhesives. Consequently, in UAE, 2.66 kilo tonnes of silicone oil is utilized by chemical industry by the year 2023.
The Brazil market dominated the LAMEA Silicone Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $182.1 million by 2031. The Argentina market is capturing a CAGR of 9.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.7% during (2024 - 2031).
In the cosmetics and personal care industry, silicon oil is widely used in skincare and haircare products for its emollient properties and ability to impart a silky-smooth texture. It is frequently used in hair serums, moisturizers, sunscreens, and anti-frizz treatments, where it creates a barrier of defense on the skin and hair to keep moisture in and prevent dehydration. Silicon oil’s lightweight and non-greasy nature makes it a preferred ingredient in many cosmetic formulations.
Silicon oil has extensive applications in the textile industry for fabric finishing and softening. It is used in the manufacturing process of textiles to impart desirable properties such as wrinkle resistance, water repellency, and smoothness to fabrics. Additionally, silicon oil-based textile auxiliaries are employed in dyeing and printing to improve color fastness and fabric quality.
Similarly, silicone oils are key ingredients in producing construction sealants and adhesives due to their excellent adhesion properties, weather resistance, and durability. With growing construction activities in Nigeria, there would be an increased demand for silicone-based sealants and adhesives for various applications such as sealing joints, bonding materials, and weatherproofing structures. According to the International Trade Administration (ITA), Nigeria’s construction industry grew by 5.7% in 2022 and at an average rate of 3.2% between 2022 and 2026, compared to a 3.1% increase in 2021.
In addition, silicone oils are used in waterproofing formulations for building structures, including roofs, walls, and foundations. Effective waterproofing solutions will be more important to prevent water damage to buildings in Nigeria because some areas are receiving significant rains. This would drive the demand for silicone-based waterproofing coatings and membranes. Hence, the increasing construction industry and rising electronics sector in the region drive the market’s growth.
Free Valuable Insights: The Worldwide Silicone Oil Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
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