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.
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.
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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.
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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.
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