Global silicone fluids market forecast at $9.7 billion by 2032

Pune, India – Global silicone fluids consumption is expected to be valued at US$ 5.4 billion in 2022, rising at a CAGR of 6.03% to US$ 9.7 billion between 2022 and 2032. The market is expected to grow due to rising personal care industry demand and technological advances in the United States.

Silicone fluids are liquids that are clear, odorless, and tasteless. Silicone polymer fluids are also more stable than organic polymers in terms of electromagnetic properties and UV, alpha, beta, and gamma radiations. Increased demand from end-user sectors such as textiles, cosmetics, toiletries, and pharmaceuticals is expected to drive the global silicone polymer fluid market.

The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.

The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Silicone Fluid market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.

The FMI’s Silicone Fluid market report provides a comprehensive analysis on key players operating in the Silicone Fluid market. Some of the key players are:

Chemie AG; Bluestar Silicones; Momentive Specialty Chemicals Inc.; Shin-Etsu Chemical Co. Ltd. and Dow Corning Corp.; ACC Silicones; KCC Basildon, Gelest Inc.; Siltech Corporation