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Silicone Fluids Market Trends

Report ID: GMI8227
Published Date: Feb 2024
Report Format: PDF

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Silicone Fluids Market Trends

Increased focus on sustainable practices is fostering the development of bio-based and eco-friendly Silicone Fluids, aligning with global environmental concerns. In the automotive sector, a growing preference for electric vehicles is influencing the demand for Silicone Fluids in battery technologies. Additionally, advancements in Silicone Fluids formulations cater to the rising need for high-performance solutions in construction, aerospace, and electrical applications. The personal care industry continues to drive innovation, with Silicone Fluids being integral to the formulation of premium skincare and haircare products. As industries increasingly prioritize efficiency, safety, and sustainability, the silicone fluids industry is characterized by ongoing research, product diversification, and a continual response to dynamic market needs.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market size for silicone fluids was valued at around USD 5.5 billion in 2023 and is anticipated to register over 4% CAGR between 2024 and 2032 driven by their versatile applications across various industries.

Straight silicone fluids segment accounted for USD 3.67 billion in 2023 and will grow significantly through 2032 as the straightforward molecular composition, making them easily customizable for a wide range of applications.

Asia Pacific Silicone Fluids Industry generated a revenue of USD 2 billion in 2023 and will grow through 2032 owing to the region's dynamic economic expansion, rapid urbanization, and burgeoning population.

Allnex Belgium NV, BASF SE, Bluestar Silicones, Dow, Elkem Silicones, Evonik Industries AG, Gelest Inc., Jiangsu Xinyi New Material Technology Co., Ltd., KCC Corporation, Lubrizol Corporation, Momentive Performance Materials, and Momentive Silicones.