Silicone Oil Market Growth Forecast at 4.85% CAGR to 2020 Led by Personal Care Industry

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Feb 15, 2016, 07:30 ET

PUNE, India, February 15, 2016 /PRNewswire/ --

Asia-Pacific is the largest silicone oil market, globally, while personal care and home care is the largest end-use industry segment for worldwide silicone oil, market size of which is projected to reach USD 2.41 billion by 2020, registering a CAGR of 4.85% between 2015 and 2020.

Complete report on global silicone oil market spread across 154 pages, profiling 10 companies and supported with 94 tables and 63 figures is now available at http://www.reportsnreports.com/reports/473872-silicone-oil-market-by-end-use-industry-industrial-personal-care-homecare-textile-energy-automotive-transportation-agriculture-others-by-application-lubricants-water-repellants-working-media-heat-carrier-and-by-region-global-forecast-to-2020.html .

The global silicone oil market size is projected to reach USD 2.41 billion by 2020, registering a CAGR of 4.85% between 2015 and 2020. The main reason for the growth of this market is the growing industrialization in various regions and the growing demand from personal care industry. The usefulness of silicone oil in various industrial applications is driving the market. The growing population and the rising demand for improved quality personal care products is also driving the market of silicone oil globally.

Asia-Pacific is the global leader in the consumption of silicone oil and this dominance is expected to continue till 2020. China, Japan, and India are the key countries in this region, accounting for more than 80% of the silicone oil market in Asia-Pacific. The Asia-Pacific market is expected to witness the highest CAGR between 2015 and 2020. This growth is attributed to the increase in disposable income and changing lifestyle of consumers in the region. Growing industrialization is also driving the market of silicone oil in the APAC region.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were also conducted with key people in the market. In Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies have been studied. The interviews were conducted with various key people such as C-level (75%), Manager Level (25%) operating in silicone oil market. The primary interviews were conducted worldwide covering regions such as Europe (40) North America (30%), APAC (20%) and Row (10%).

As a part of qualitative analysis, the report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such as Wacker Chemie A.G. (Germany), Dow Corning Corporation (U.S.), Momentive Performance Materials Inc. (U.S.), Shin-Etsu Chemical Co. Ltd. (Japan), Bluestar Silicones International (France), ACC Silicones (U.K.), Iota Silicone Oil Co. Ltd. (China), KCC Basildon Chemical Company Limited (South Korea), and others. Order a copy of Silicone Oil Market by End-Use Industry (Industrial, Personal Care & Homecare, Textile, Energy, Automotive & Transportation, Agriculture, Others), by Application (Lubricants, Water Repellants, Working Media, Heat Carrier) and by Region - Global Forecast to 2020 research report at http://www.reportsnreports.com/purchase.aspx?name=473872 .

Personal care & home care is the largest application segment for silicone oil. This segment is also expected to grow at the fastest growth rate during the forecast period. Silicone oil is used in many personal care products such as shampoos, hair care products, and shaving products. It is also used in manufacturing of homecare products, such as furniture polish, detergents, toiletries, insecticides, fragrances, and others. The growing consumer demand for high quality personal care products and growing population is driving the market of silicone oil in personal care & home care segment.

On a related note, another research study on Silicone Market Global Trends & Forecasts to 2020 says, the global silicone market size is projected to reach USD 20.3 Billion by 2020 at a CAGR of 6.0% during the projected period. The report estimates the market size of silicone for 2015 and projects the demand of the same by 2020. Companies like 3M Company, Ashland Inc., BASF SE, Bluestar Silicones, Arkema SA., Chase Corporation, ICM Products, Evonik Industries AG, Gelest Inc., Jiangsu Hongda New Material Co. Ltd, Jiangxi Xing Huo Organic Silicon Factory, Kaneka Corporation, KCC Corporation, Momentive Performance Materials Inc. Nusil Technology and others have been profiled in this 207 pages research reports available at http://www.reportsnreports.com/reports/192520-global-silicone-market-by-type-application-geography-forecasts-up-to-2017.html .

Explore more reports on Chemicals Market at http://www.reportsnreports.com/market-research/chemicals/.

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