Authored By: Sarah
18 Aug 2024

Silicone Fluid Market 2024-2028: Size and Volatility in raw material prices; growth driven by the End-user, Some of key Companies Positioned Strategically

The silicone fluid market size by End-user (Personal and home care, Energy, Agriculture, Textile, and Others) and Geography (APAC, North America, Europe, South America, and Middle East and Africa), is forecast to increase by USD 1136.1 million. The market is expected to grow at a CAGR of   4.5% between 2024 and 2028.

  • In the silicone fluid market, the production process relies on the availability of silicone metal and methanol as primary raw materials. However, the increasing scarcity of silicone metal, driven by its extensive utilization in the manufacturing of silicone elastomers and silicone resins, poses a significant challenge. Additionally, the escalating energy costs required for silicone fluid production compels vendors to raise the prices of their silicone-based offerings. Furthermore, the surge in the cost of raw materials such as silica, coal, and carbon electrodes, essential for silicon metal production, further amplifies production expenses. These factors collectively hinder market expansion and necessitate price increases in the silicone fluid industry.
  • The Silicone Fluid Market represents a significant business opportunity, driven by its diverse applications in various industries, including automotive, electronics, and healthcare. This high-performance fluid offers advantages such as excellent temperature resistance, chemical stability, and lubricity. Market growth is expected due to increasing demand for silicone fluids in automotive engine cooling systems and renewable energy applications. Businesses seeking to capitalize on this trend should consider strategic partnerships and investments in research and development to stay competitive.

Access the full report to know who are the other key countries segment-wise forecast and historic data

 

Some of the Key Companies:

  • Avantor Inc.
  • BRB International BV
  • CHT Germany GmbH
  • Clearco Products Co. Inc.
  • Genesee Polymers Corp.
  • Innospec Inc.
  • KCC Co. Ltd.
  • Mitsubishi Chemical Group Corp.
  • Momentive Performance Materials Inc.
  • Ningbo Runhe High tech Materials Co. Ltd.
  • Om Tex Chem Pvt. Ltd.
  • Orkla ASA
  • PCC SE
  • Polytek Development Corp.
  • Schill Seilacher Struktol GmbH
  • Shin Etsu Chemical Co. Ltd.
  • Silicone Solutions Ltd.
  • Siltech Corp.
  • Dow Chemical Co.
  • Wacker Chemie AG

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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