Silicone fluid industry forecast at $9.7 billion by 2032
Pune, India – The silicone fluid industry is to surpass US$ 9.7 Billion by 2032, according to the latest report for Future Market Insights. This latest report on the global Silicone Fluid market provides an analysis of the regulatory landscape and profitable epidemiology. The study also tracks global sales of primary Silicone Fluid in 20+ high-growth markets, along with detailed coverage of the impact COVID-19 had on the Silicone Fluid market.
Silicone fluids are used for hydrophobic treatment of mineral wool and glass. Silicone fluids can also be modified due to their chemical functionalization. The two common ways in which silicone fluids are modified are either attaching long alkyl chains or functionalizing silicone fluids with organic polymers.
An increase in demand from end-user industries such as textile, cosmetics, toiletries, pharmaceutical, etc. is expected to drive the global silicone fluid market. In addition, the rise in construction activities, increasing investment across end-user industries, and its excellent heat-resistant properties, thermal stability, and solubility are expected to further drive the demand for the silicone fluid market by 2032 end. The surface tension of silicone fluids is low, thus making them preferable for applications where greater spreading power and surface activity are required. Silicone fluids have very little viscosity change over a wide range of temperatures and have almost no adverse effect on metals and other materials, hence have an increasing demand over a wide range of applications.
Currently, APAC serves as a large market for silicone fluid due to the flourishing infrastructure sector and increasing per capita income. APAC is expected to continue its market leader position during the forecast period followed by Europe and North America. Rising infrastructure activities are expected to open new market avenues in APAC, particularly in India and China. Currently, Europe is the second-largest market for silicone fluid. The Middle East & Africa silicone fluid market is still at a nascent stage. However, emerging countries such as the UAE and Brazil are expected to have a significant market share in the respective regions.
Some of the key market participants in the global silicone fluid market 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