The Silicone Oil Market is Predict to reach USD 7.4 Billion by 2031, at a CAGR of 7.0%

Silicone Oil Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Silicone Oil Market size is expected to reach $7.4 billion by 2031, rising at a market growth of 7.0% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,288.4 kilo tonnes, experiencing a growth of 25.1% (2020-2023).

The Sealant segment would witness a CAGR of 6.2% during (2024 - 2031). Silicone oil exhibits excellent chemical stability, making it resistant to degradation when exposed to various environmental conditions, including temperature fluctuations, moisture, UV radiation, and harsh chemicals. This inherent stability ensures the longevity and durability of silicone-based sealants, making them suitable for a wide range of sealing applications.

The Modified segment is leading the Global Silicone Oil Market by Type in 2023; thereby, achieving a market value of $4.9 billion by 2031. Modified silicone oils are chemically altered or functionalized to impart specific properties that meet the requirements of diverse applications. These modifications can include introducing functional groups such as methyl, phenyl, amino, epoxy, and fluoro groups. By tailoring the molecular structure, modified silicone oils can exhibit enhanced properties such as improved thermal stability, greater solubility, enhanced water repellency, increased flexibility, or resistance to oxidation, UV radiation, or chemicals.

The Chemical segment is experiencing a CAGR of 6.4% during (2024 - 2031). Silicone oil finds applications across various chemical industry sectors, including pharmaceuticals, cosmetics, automotive, electronics, construction, and textiles. Its versatility allows it to be used as a lubricant, release agent, antifoaming agent, insulation material, and intermediate in synthesizing other silicone-based compounds.

Full Report: https://www.kbvresearch.com/silicone-oil-market/

The Asia Pacific region dominated the Global Silicone Oil Market by Region in 2023; thereby, achieving a market value of $2.9 billion by 2031. The North America region is poised to grow at a CAGR of 6.3% during (2024 - 2031). Additionally, The Europe region would exhibit a CAGR of 6.6% during (2024 - 2031).

List of Key Companies Profiled

• Siltech Corporation
• The Dow Chemical Company
• Momentive Performance Materials, Inc. (Hexion, Inc.)
• Evonik Industries AG (RAG-Stiftung)
• Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.)
• Iota Silicone Oil (Anhui) Co., Ltd (Iota Corporation Limited)
• Wacker Chemie AG
• CHT Germany GmbH (RB Beitlich Industrie Beteiligungen GmbH)
• BRB International B.V. (PETRONAS Chemicals Group Berhad)

Silicone Oil Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Skin & Hair Care
• Sealant
• Textile Coating
• Detergent
• Chemical Intermediate
• Anti-foam Agent
• Release Agent
• Others

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Modified
• Straight

By End-user (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Personal Care
• Chemical
• Construction
• Textile
• Electronics
• Automotive
• Medical
• Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Silicone Oil Market Size, Forecast to 2031

• July-2024
• 133 Pages

LAMEA Silicone Oil Market Size & Analysis Report 2031

• July-2024
• 155 Pages

Europe Silicone Oil Market Size | Industry Trend to 2031

• July-2024
• 156 Pages

Asia Pacific Silicone Oil Market Size, Share 2031

• July-2024
• 157 Pages