[154 Pages Report] The Silicone Oil is projected to reach USD 1.78 Billion by 2014, at a CAGR of 4.85% from 2015 to 2020. Among end use industry, Personal care and home care segment is projected to lead the silicone oil market during the forecast period. Among application, lubricant segment is projected to dominate the silicone oil market between 2015 and 2020. Asia Pacific silicone oil market is projected to grow the highest CAGR during the forecast period.

Request for PDF report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149756405

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.

The North American silicone oil market is mainly driven by innovations in personal care products, medical, and industrial segments. One of the high-growth countries in the RoW region is Brazil, which holds the largest share of the RoW silicone oil market. Other regions in RoW include Turkey and others. Turkey also accounts for a considerable share of the RoW silicone oil market and is a high prospect for the growth of silicone oil market due to developing energy sector in the country.

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.

Early buyers will receive 10% customization on this report.

Don't miss out on business opportunities in Silicone Oil Market.

Read our blog for more details: https://chemabd007.blogspot.com/2019/05/silicone-oil-market-is-expected-to.html

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
[email protected]