logo
logo
Sign in

Top Impacting Factors on Silicone Fluids Market| The Dow Chemical Company, Wacker Chemie AG, Elkem ASA, Momentive and Others

avatar
MarketsandMarkets™
Top Impacting Factors on Silicone Fluids Market| The Dow Chemical Company, Wacker Chemie AG, Elkem ASA, Momentive and Others

The global silicone fluids market size is projected to grow from USD 5.1 billion in 2021 to USD 6.6 billion by 2026, at a CAGR of 5.5% from 2021 to 2026. Silicone fluids are a family of synthetic liquids in which the groups identified as methyl groups may represent any organic groups. All the organic groups can be the same or different. They are linear Polydimethylsiloxanes (PDMS) obtained through the condensation of dimethyldichlorosilane. They are thermally stable, chemically inert, and retain their viscosity over a wide range of low and high temperatures. It is of two types: straight and modified. Silicone fluids is widely used and preferred in end-use industries such as personal care & beauty, textiles, automotive & transportation, industrial, building & construction, amongst others. 

However, in 2020 with the outbreak of COVID-19 and the closure of manufacturing capacities of respective industries, the demand for silicone fluids has witnessed a decline in growth. The growth is expected to boost during the forecast period at a sign ificant CAGR with the improving market conditions and demand from various industrial applications. 

Get an Exclusive PDF Sample Copy of the Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=82878430 

 

Based on end-use industry, personal care & beauty is projected to be the larger segment in the silicone fluids market. Personal care products are applied to the external body surface for cleaning, protecting, and keeping it in good condition. A considerable amount of personal care products, which require silicone fluids, are utilized in day-to-day life, owing to the changes in consumer lifestyles, thus increasing the market for the same. 

The silicone fluids market is studied for five regions, namely, North America, APAC, Europe, Middle East & Africa and South America. The APAC region accounted for the largest market share in 2020, in terms of both value and volume. Furthermore, the market for silicone fluids in the APAC region is projected to grow at the highest CAGR from 2021 to 2026, in terms of both value and volume. 

In 2020, the silicone fluids market declined amid the COVID-19 pandemic, with a marginal decline in its CAGR. The market was affected, mainly by the slow raw material production in many countries, supply chain disruptions, and hampered trade movements in 2020. In the first quarter of 2021, the market for silicone fluids witnessed an increase in demand worldwide, compared to the same period in 2020.

Request Customized Report as Per Your Requirements at https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=82878430 

The silicone fluids market has thousands of companies that thrive in their domestic market. A few of the major players are, The Dow Chemical Company (US), Wacker Chemie AG (Germany), Elkem ASA (Norway), Momentive (US), and Shin-Etsu Chemical Co., Ltd. (Japan), among others. These players have adopted various growth strategies, such as mergers & acquisitions, and expansions, to increase their market shares and enhance their product portfolios.  

Investments & expansions accounted for the largest share of all the strategic developments that took place in the silicone fluids market between 2017 and 2021. Key players such as Elkem ASA, The Dow Chemical Company, Specialty Silicone Products Inc., Innospec Inc. and Wacker Chemie AG adopted these strategies to enhance their business, market presence, and meet consumer demand. 

The Dow Chemical Company is one of the leading chemicals and plastics manufacturers and a dominant manufacturer of silicone fluids. The company operates globally through four business segments: packaging & specialty plastics, industrial intermediates & infrastructure, performance materials & coatings, and corporate. It manufactures silicone fluids through the performance materials & coatings segment. The company offers silicone fluids products for various applications in industries, such as construction, energy, electronics, beauty & personal care, healthcare, transportation, manufacturing, textile, paper, and paints & coatings. The company offers silicone fluids products under the brand name XIAMETER and DOWSIL. The company is active in over 180 countries globally. 

For any Queries Linked to the Report, Ask an Analyst at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=82878430  

Wacker Chemie AG is one of the leading manufacturers of specialty silica that operates through five major business segments: silicones, polymers, polysilicon, biosolutions, and others. It offers silicone fluids products through the Wacker Silicones segment for different end markets, such as pharmaceuticals, textiles, cosmetics, and electronics. Wacker Silicones have the broadest offering, and the division produces both specialty and standard products. Their product portfolio ranges from silanes through silicone fluids, emulsions, elastomers, sealants, and resins to pyrogenic silicas. Wacker Chemie AG has experience of more 100 years, along with a base of 52 sales offices in 32 countries globally. It has 24 production sites and 24 technical centers, globally.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Follow Us: LinkedIn | Twitter | Facebook

collect
0
avatar
MarketsandMarkets™
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more