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Silicone Oil Market is expected to witness a CAGR of more than 4.85% between 2015 and 2020

The report "Silicone Oil Market by End-Use Industry (Industrial, Personal Care & Homecare, Textile, Energy, Automotive & Transportation, Agriculture, Others), by Application (Lubricants, Water Repellants, Working Media, Heat Carrier) and by Region - Global Forecast to 2020", The global silicone oil market is projected to reach USD 2.41 Billion by 2020 from estimated USD 1.78 Billion in 2014, at a CAGR of 4.85% between 2015 and 2020. Increasing demand for silicone oil from the end-user industries such as personal care & home care, automotive, industrial and demand from emerging economies such as China, India, and Brazil is mainly driving the growth of the market.

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Browse 94 market data Tables and 63 Figures spread through 154 Pages and in-depth TOC on "Silicone Oil Market”

Drivers & Opportunities in global industry:
  •          Growth in Various Silicone Oil Applications
  •          Replacement of Hydrocarbon-Based Products With Silicone Oil-Based Products
  •          High R&D Investment in High End Silicone Oil Products
  •          Increasing Demand From Developing Regions
  •          High Potential in Healthcare Applications
  •          Increasing Competition in Asia-Pacific
Among the applications of silicone oil, the water repellents segment is the fastest-growing application segment. Silicone oil possesses an excellent water repellency property. When silicone oil is applied to a substrate, the contact angle of silicone oil causes water to be repelled. Silicone oil is applied in leather treatment, surface treatment for building materials, and coatings for roofs, masonry, additives for paints, inks and protective coatings, and so on. The growing industrialization and growing textile industry, mainly in the Asia-Pacific region, is driving the market of silicone oil in water repellency applications.

Personal care & home care is the largest consumer of silicone oil among the various end-use industries considered in the report. Silicone oil is extensively used in myriad homecare & personal care applications owing to its versatility, biocompatibility, conditioning benefits, low surface tension, high permeability, and pressure sensitive properties. Currently, silicone is used in many personal care products such as shampoos, hair care products, and shaving products. It is also used in the manufacturing of homecare products, such as furniture polish, detergents, toiletries, insecticides, fragrances, and others. The growing population and rising demand for improved quality of personal care products is driving the market of silicone oil in personal care & home care segment.

Asia-Pacific held the largest share of the global silicone oil market in 2014 and is expected to continue doing so during the forecast period. Asia-Pacific is also the fastest-growing market during the forecast period. Wide-scale industrialization, growing economy, and growing population are the main reasons for this high growth rate. Many global players are entering into the region due to cheap labor, easily availability of raw material, and favorable governmental rules and regulations. Among the various countries in this region, China is expected to lead the market of silicone oil, growing at the highest CAGR. The high demand for silicone oil in the country is attributed to rapid industrialization witnessed over the past few decades.

Premium Insights of the report:
  •          Attractive Opportunities
  •          Silicone Oil Market, By Application
  •          Market in Asia-Pacific
  •          Leading Countries in the Market, 2014
  •          Silicone Oil Market Size, By Leading Countries, 2015 & 2020 (KT)
  •          Market, By End-Use Industry, 2014
  •          Lifecycle Analysis, By Region




Many companies such as Dow Corning Corporation (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd. (Japan), Bluestar Silicones International (France), Momentive Performance Materials Inc. (US), and others have a backward integrated network to meet their production demands. The demand for silicone is largely due to personal care & home care industry, automotive industry, and industrial uses of silicone oil and others.

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