[FURL=https://www.industryarc.com/Report/16239/silicone-fluid-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=Paidpressrelease]Silicone Fluid Market[/FURL] size is forecast to reach $2.1 Billion by 2025, after growing at a CAGR of 4.5% during 2020-2025. Silicone fluids have low surface tension, no change in viscosity across a wide range of temperatures and have virtually no harmful effects on metals and other materials, owing to which it has an increasing demand across a wide range of applications. Furthermore, the excellent heat resistant property, thermal stability and solubility leading toward the rise in construction activities, are further expected to create new opportunities for the growth of the global silicone fluid industry in the forecast era.Key Takeaways
Extensive use of silicone gels in laboratories and numerous medical opportunities such as for breast implant products, the market for silicone fluids is expected to grow in the forecast period.
Due to the use of silicone gels in high growth applications such as solar cells and light emitting diodes, in the near future a wide range of possibilities are available for the growth of silicone fluids market.
Increasing demand for the use of liquid silicone rubber in electronics and machinery owing to its ease of production, flexibility and high ability to form precision components will drive the market for silicone fluid.
Effect of COVID-19 has a direct impact on various industries, impacting supply of raw materials, upsetting the value chain of the triggering commodity inflation risks. The disruption has led to a retardation of remote work and will affect the growth of Silicone Fluid Market in the forecast period.
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Silicone Fluid Market Segment Analysis - Geography
The Asia Pacific held the largest share with 38.6% in Silicone Fluid Market in 2019. The growing activities in the construction of infrastructure are major drivers for the construction industry in Asia-Pacific. Rapid urbanization has resulted in several infrastructure projects primarily in China and India. China has dominated the market share of Asia-Pacific.
Silicone Fluid Market Drivers
The growing demand from lubricants and greases
Silicone fluids or silicone oils have low thermal surface tension, low volatility and excellent shear resistance due to which it is highly preferred in lubricants & greases. Silicone Fluid also offers excellent lubricating properties and is used as a base fluid for lubricants. Due to the non-polar, non-reactive, and semi-inorganic composition of silicone fluids, their use as release agents and lubricants results in a relative high incompatibility with chemicals.
Silicone Fluid Market top 10 companies are, ChemChina, DowDuPont, KCC CORPORATION, Momentive, Shin-Etsu Chemical, Wacker Chemie, Gelest Incorporated, Quantum Silicones, Clariant International limited, Caledonia Investments and Saint Gobain.
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