The silicone fluids market is projected to grow considerably during the forecast period
It is anticipated that rising demand from end-user industries like textiles, cosmetics, toiletries, and pharmaceuticals will propel the global silicone polymer fluid market. In addition, the market for silicone polymer fluid is expected to be driven by an increase in building activities, a rise in investment across end-user sectors, and the excellent heat resistance, thermal stability, and solubility of silicone polymer fluid. Due to their low physical phenomena, silicone fluids are even better suited for applications that call for higher surface activity and spreading power. Silicone fluids are highly sought after for a variety of applications because they barely alter in consistency over a broad temperature range and hardly harm metals or other materials.
The rapid growth of the automotive industry
The automotive industry is a major consumer of silicone fluid, also known as polydiorganosiloxane, due to its broad range of applications in plastic additives, water-repellent screens, upholstery, hydraulic fluids, anti-foaming agents, lubricants, and greases. The demand for fuel-efficient and electrified vehicles, increased income levels, and increased public transportation all contribute to the automobile industry's profitable growth. For example, the European Automobile Manufacturer Association reports that in 2021, car production increased by 11% in South America and 3.1% in the United States. The production of passenger cars, commercial vehicles, three-wheelers, two-wheelers, and quadricycles in India increased from 22,655,69 units in 2020–21 to 22,933,230 units in 2021–22, according to the Society of Indian Automobile Manufacturers (SIAM).
Increased demand from the construction and building industry
In the building and construction sector, silicone fluid is widely used in adhesives, paints and coatings, building material additives, and other applications. The building and construction industry is experiencing profitable growth as a result of growth drivers like increased government funding for residential housing, urbanization, and infrastructure projects. For example, the European Construction Industry Federation (FIEC) reports that the volume of construction activity in France rose by 10.3% in 2021 compared to 2020. Based on data from the World Bank, the South Asian construction industry is expected to grow by 5.8% in 2022.
High potential in healthcare applications
Silicone fluids are ideal for use in healthcare applications because of their many excellent qualities. Silicone fluid has proven to be effective in treating diabetic retinopathy and retinal detachment, among other medical conditions, according to recent studies and research. Silicone fluids are used in gastrointestinal defoaming aerosol medications because they are non-toxic. The silicone fluid in ointments improves the efficacy of drugs by facilitating their penetration of the skin. Creams with silicone fluid as an ingredient are used to treat dermatitis and burns, among other conditions. The world's aging population is driving up demand for healthcare products. Since studies and research are constantly being conducted to invent more applications of silicone fluid in this segment, the healthcare industry continues to present a strong prospect for silicone fluid market growth.
High demand in the cosmetic industry
Silicone fluids (BHT) are widely used in the production of cosmetic products, and this trend is expected to continue throughout the forecast period. The product slows down the chemical reaction that causes cosmetics to deteriorate in the presence of oxygen by acting as an antioxidant and preservative. Because of factors like population growth, rising living standards, and an increase in e-commerce, there is a greater need for cosmetics, which raises the need for silicone fluids.
Increasing demand for lubricants and Greece manufacturing
Since silicone oils and fluids have superior lubricating qualities, they are strongly recommended for this use. They serve as the foundational fluid for lubricants. These fluids are even more ideal because of their low volatility, low thermal surface tension, and superior shearing resistance. Silicone fluids are used as lubricants and release agents because of their relatively high chemical incompatibility, which is a result of their non-polar, non-reactive, and semi-inorganic structure. Silicone fluids are primarily needed to lubricate interfaces between various plastics and steel, bronze, aluminium, zinc, and wood. Furthermore, the need for silicone fluids is anticipated to increase in tandem with the global demand for lubricants from end-user industries such as heavy machinery, automotive, and transportation.
Increasing demand for modified silicon fluids
The enhanced compatibility of modified silicone fluid with organic materials, its emulsifying qualities, its anti-static properties, and its lubricating qualities account for its high demand compared to the straight type. Because of these characteristics, there is an increasing need for silicone fluid or compounds, like simethicone and polydiorganosiloxane, for use in construction, cosmetics, waxes, resin modification, textile treatment, and other fields. Furthermore, the modified variety has increased potential for use and growth because it improves the performance of polymeric materials and facilitates the development of new materials in a variety of industries. As a result, it is projected that during the forecast period, the silicone fluid industry's modified type segment will grow at a rapid pace.
Asia Pacific is projected to grow at a high rate during the forecast period
Asia-Pacific is the world's largest construction market. The main factors propelling the Asia-Pacific construction sector are the rising infrastructure construction activities. There are many building projects as a result of rapid urbanization, mostly in China and India. The Asia-Pacific market share is dominated by China. The country's demand for buildings and other infrastructure projects has increased as a result of the region's ongoing economic improvements improving consumers' financial situations. China is the world's and the region's biggest consumer of lubricants. China is the world's biggest producer and exporter of textiles. The Chinese textile industry has grown significantly over the past 20 years, becoming one of the key drivers of the national economy.
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