Global Silicone Oil Market was valued at USD 1.78 Billion in 2014 and is expected to reach USD 2.41 Billion by 2020, at a CAGR of 4.85% from 2015 to 2020. Increasing demand from end-use industries such as personal care and automotive, increasing demand from emerging economies such as China, India, Brazil, and favorable properties of silicone oil are some of the drivers for the growth of this 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”

On the basis of application, the market is classified into lubricants, water repellents, working media, heat carrier, and others. The lubricants segment occupied the highest revenue share in 2014 among applications. Silicone oil lubricants are chemically inert and do not cause metal corrosion. In comparison to traditional mineral lubricants, silicone oil lubricants can withstand high temperature range and possess good dielectric property. Silicone oil based lubricants are widely used in industrial processing such as polymer production, yarn and thread production, textile finishing, and so on. The replacement of hydrocarbon based lubricants due to various environmental concerns is driving the market of silicone oil.

On the basis of end-use industry, the market of silicon oil is segmented into personal care & home care, industrial, energy, automotive & transportation, textile, agriculture, and others. Among these segments, personal care & home care segment is the largest and also the fastest-growing segment. The demand for high quality personal care products, growing economies, and rising population is driving the market of silicone oil in the personal care & home care segment.

The Asia-Pacific market is expected to witness the fastest growth rate between 2015 and 2020. The market in this region is experiencing increased silicone oil consumption in personal care products and industrial applications. This high growth is attributed to the increase in disposable income and changes in consumer lifestyle. The growing industrialization in many countries of APAC is also major driver for the growth of the silicone oil market.

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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