The study involved major activities for estimating the current size of the global silicone fluids market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of silicone fluids through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the silicone fluids market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
Secondary Research
The market for the companies offering silicone fluids is arrived at by secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various secondary sources such as Business Standard, Bloomberg, World Bank, and Factiva were referred to, to identify and collect information for this study on the silicone fluids market. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases. In the secondary research process, various secondary sources were referred to for identifying and collecting information related to the study. Secondary sources included annual reports, press releases, and investor presentations of silicone fluids vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain critical information on the industry’s value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as C-Level Executives, Directors, and related key executives from various key companies and organizations operating in the silicone fluids market. After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types, industry trends, competitive landscape of silicone fluids offered by various market players, and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies. In the complete market engineering process, the top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.
Following is the breakdown of primary respondents—
Notes: Others include sales, marketing, and product managers.
Tier 1: >USD 1 Billion; Tier 2: USD 500 million–1 Billion; and Tier 3: < USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the global size of the silicone fluids market. These approaches were also used extensively to estimate the size of various dependent segments of the market. The research methodology used to estimate the market size included the following:
Data Triangulation
After arriving at the overall market size using the market size estimation processes explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Silicone fluids are a class of synthetic high performance polymers made from siloxane chains that manifests excellent thermal stability, lubricity and water repellency characteristics. These fluids exist in a range of viscosities and find applications in multiple industries owing to their uniquely beneficial chemical and physical properties. The primary classes of silicone fluids include dimethyl silicone fluids which are the most widely used providing good lubricity and heat resistance; phenyl modified silicone fluids, which have thermal and oxidative stability properties requisite for high-temperature operations; methyl hydrogen silicone fluids that come with water-repellent properties and crosslinking ability in coatings and textiles; and fluorosilicone fluids which have chemical and solvent resistance properties suited in extreme industrial environments. Major silicone fluid properties include high-temperature stability, low surface tension, water and moisture resistance, electrical insulation properties, oxidation resistance, and UV resistance. Such properties render them highly useful in personal and skin care and hair care applications, where their presence improves the spreadability and endurance of formulated creams; in automotive lubricants and coatings, where they reduce friction and provide sustained protection; construction products like sealants and adhesives, which enhance waterproofing and durability; electronics and semiconductors, where silicone fluids are used for dielectric and heat dissipation; medical devices and pharmaceuticals, where they provide lubricant and bio-compatible coatings; and general industrial manufacturing, where they are available as anti-foaming agents, release agents and hydraulic fluids. On a worldwide basis, the demand for silicone fluids is significantly on the upswing owing to fast-paced industrialization, improved technology, and starting traction for high-performance materials all over the industries. The Asia-Pacific region leads the silicone fluids market, followed by North America and Europe, because of growing end-use industries and innovation in silicone chemistry. With sustainability initiatives and several product developments, the silicone fluids market is expected to keep growing.
Stakeholders
-
Silicone Fluids Manufacturers
-
Raw Material Suppliers
-
Service Providers
-
Distributors and Retailers
-
Research & Development Entities
-
Industry Associations and Regulatory Bodies
-
End Users
Report Objectives
-
To estimate and forecast the silicone fluids market, in terms of value and volume
-
To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
-
To define, describe, and forecast the market type, end-use industry, and region
-
To forecast the market size along with segments and submarkets, in key regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America along with their key countries
-
To strategically analyze micro markets, for individual growth trends, prospects, and their contribution to the total market
-
To analyze growth opportunities in the market for stakeholders and provide details on the competitive landscape for market leaders
-
To strategically profile key players and comprehensively analyze their market shares and core competencies
-
To analyze competitive developments, such as acquisition, agreements, and expansions in the silicone fluids market
HIGHEST CAGR MARKET IN 2024-2032
ASIA PACIFIC FASTEST GROWING MARKET IN THE REGION
Growth opportunities and latent adjacency in Silicone Fluids Market