Request FREE sample PDF
Pharmacy benefit management market
HYDROGEN SILICONE OIL MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global hydrogen silicone oil market size was USD 406.3 million in 2022 and will touch USD 643 million by 2028, exhibiting a CAGR of 8.0% during the forecast period.
Hydrogen silicone oil is in high demand across a range of end-use industries, including electronics, automotive, personal care, healthcare, and cosmetics. The market is anticipated to develop as more people become aware of the advantages using the oil across many industries, including its superior thermal stability, water resistance, and surface activity.
That is the primary ingredient in the leather slip agent. It additionally has applications as a releasing agent, leather brightener. At the right temperature, hydrogen silicone oil can be cross-linked by a metal catalyst to create a waterproof layer that can be applied to a variety of surfaces.
COVID-19 Impact: Abrupt Restrictions and Social Distancing to Deplete Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The hydrogen silicone oil market growth has been greatly damaged by the COVID-19 outbreak, as has the entire world economy. The abrupt restrictions and social distancing policies that have been implemented worldwide have had a negative impact on a number of industries and businesses, which has decreased demand for specific goods and services. Similar to other markets, the demand for silicone oil has decreased during the outbreak of the disease.
LATEST TRENDS
"Utilization as an Impermeable Film to Stimulate Market Development"
This product can be utilized as an impermeable film over fabrics, ceramics, glass, paper, leather goods, metal, cement, marble, and various other materials agent, particularly for the waterproofing regarding fabrics. It may be cross-linked in order to create a film at temperatures below freezing beneath the influence of metal salt catalysts.
The silicone oil a solution along with the methyl hydroxy groups silicone oil emulsion formation together can make fabric waterproof, preserve its air permeability, increase its tear and friction strengths, resistance to stains, and enhance its hand feel and sewing capabilities. Furthermore, it functions as a crosslinking and releasing agent for paper.
HYDROGEN SILICONE OIL MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Hydrogen Content
Based on Hydrogen Content can be categorized into 0.01%-0.36%, 0.36%-0.5%, 0.5%-1%, 1%-1.5%, 1.5%-1.6%, above 1.6%
- By Application
Based on application the global market can be categorized into textile processing, crosslinking agent, silicone intermediate, building materials waterproof, others.
Textile Processing: In summary, silicone oil plays a significant role in the textile business by enhancing the feel and look of the material as well as its durability and waterproofing capabilities, all of which help the material to meet the diverse needs of consumers.
Crosslinking Agent: Propane and butane polycarboxylic acids and their derivatives phosphonato-substituted are helpful as crosslinking agents in cellulosic materials to make them iron-free and/or wrinkle-resistant in a long-lasting press process.
Silicone Intermediate: A common silicone intermediate, 1,1,3,3-tetramethyldisiloxane is soluble in petroleum hydrocarbons, aromatic hydrocarbons, and various organic solvents but insoluble in water. It is typically utilized as a silicone capping agent.
Building Materials Waterproof: With the help of a metallic salt catalyst, it can cross-link to create a coating at low temperatures that is waterproof on the surface of a variety of materials. It works well as a waterproofing agent on a variety of materials, including marble, cement, paper, leather, glass, and ceramics.
Others: To begin with, silicone oil goes by a variety of names, including silicone water, polydimethylsiloxane, dimethicone, dimethylpolysiloxane, and PDMS.
DRIVING FACTORS
"Excellent Waterproofing Properties to Support Market Expansion"
The excellent waterproofing properties of oil are by far its greatest benefit. With the help of a salt of metal catalyst, it can cross-link to create a coating at low temperatures that is waterproof on the surface of a variety of materials. It works well as a waterproofing agent on a variety of materials, including marble, cement, paper, leather, glass, and ceramics. Particularly popular for waterproofing fabrics.
"Increasing Need for Silicone Products to Foster Industry Progress"
The market has been expanding significantly as a result of an increasing need for silicone-based products in a number of different industries. The growing use regarding hydrogen silicone oil in lubricants, moisture repellents, and defoamers is the main factor propelling the market. Market participants are also benefiting from the attractive opportunities presented by the expanding automobile and electronics sectors.
RESTRAINING FACTOR
"Chances of Overpressure Issues to Stop Market Evolution"
When compared to other organic as well as mineral oils, silicone fluid has a much higher manufacturing cost; as a result, its production rate is lower than that of other mineral oils. Additionally, silicone oil has a lower lubricating, particularly for the friction pairs made of steel. Due to silicone oil's high coefficient of thermal expansion, overpressure issues may also arise. The market is being restrained by all of these causes.
HYDROGEN SILICONE OIL MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"Asia Pacific Leadership on the Industry Due to Presence of Several Industries "
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
Asia Pacific appeared as the most significant hydrogen silicone oil market share globally. It is ascribed to the downstream industries of construction, automobile, and cosmetics. Furthermore, China is a well-known global producer of silicone fluid, and as urbanization picks up speed, so does the demand for it. Silicone fluid chemicals are made in China and are utilized all over the world as paint additives, lubricants, softeners, and home care products. Applications include those in the fields of hydraulics, dielectric, cooling or heating, electronics grade, diffusing pump, pharmaceuticals, and medicine.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
List of Market Players Profiled
- Jiangxi Bluestar Xinghuo Silicones Co., Ltd. (China)
- Dow (U.S.)
- Momentive (U.S.)
- Wacker Chemicals (China) Company Limited (China)
- Shin-Etsu Silicone (China)
- KCC Basildon (South Korea)
- Sucon Silicone (China)
- Zhejiang Xinan Chemical Indusyrial Group (China)
- Shandong Dongyue Organosilicon Materials (China)
- Hoshine Silicon Industry (China)
- Zhejiang Castchem New Material (China)
- Jiangxi Pinhan New Material (China)
- Jiangxi New Jiayi New Materials (China)
- Shandong Dayi Chemical (China)
- Wuxi Quanli Technology (China)
- Sisib Silicones (China)
- Tangshan Sanyou Group (China)
- Jilin Changjie Silicone Chemistry (China)
INDUSTRIAL DEVELOPMENT
June 2023: The silicones division of Dow Corning was fully bought by Dow Chemical Company in June 2023 and it was a crucial addition to the company's material sciences portfolio. Customers benefited from a wide range of unique, high-value solutions brought about by this transaction. Additionally, it aids in the company's rise to prominence as a market leader for silicone oil.
REPORT COVERAGE
This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.
In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 406.3 Million in 2022 |
Market Size Value By |
US$ 643 Million by 2028 |
Growth Rate |
CAGR of 8% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
-
What value is hydrogen silicone oil market expected to touch by 2028?
The global hydrogen silicone oil market is expected to reach USD 643 million by 2028.
-
What CAGR is the hydrogen silicone oil market expected to exhibit by 2028?
The hydrogen silicone oil market is expected to exhibit a CAGR of 8.0% by 2028.
-
Which are the driving factors of the hydrogen silicone oil market?
Excellent waterproofing properties and increasing need for silicone products are some of the driving factors of the hydrogen silicone oil market.
-
What are the gas to hydrogen silicone oil market segments?
The hydrogen silicone oil market segmentation that you should be aware of, which include, Based on type the hydrogen silicone oil market is classified as 0.01%-0.36%, 0.36%-0.5%, 0.5%-1%, 1%-1.5%, 1.5%-1.6%, above 1.6%. Based on application the hydrogen silicone oil market is classified as textile processing, crosslinking agent, silicone intermediate, building materials waterproof, others.