Dimethyl Silicone Market Size ( 2023 – 2030 )

The global Dimethyl Silicone Market size was USD 5.46 billion in 2022 and is estimated to grow to USD 12.45 billion by 2030. This market is witnessing a healthy CAGR of 10.85% from 2023 - 2030. The rapid increase in industrialization is majorly driving the growth of the industry.

Industry Overview:

Dimethyl Silicone is a kind of non-corrosive, non-toxic, tasteless, and clear liquid and is one of the generic kinds of silicone fluids. Dimethyl silicone is chemically static and has excessive electrical insulation plus it additionally has corrected weather-resistant, thermally regular, and hydrophobic in nature. It can be additionally used for a number of applications inside the operating temperature -50o C-200o C.

The rising demand for specialized merchandise across end-use industries, coupled with the increasing intervention of authorities regulatory our bodies across the value chain i.e., uncooked material, manufacturing process, distribution of quite a number grades of silicone products to their end-use applications, is anticipated to have an effect on variation in the costs of silicone in a number end-use industries in the over the forecast period.

The increasing demand for lightweight vehicle components and growing research and improvement things to do to boost new and modern merchandise is expected to propel a normal industrial boom over the forecast period. Lightweight materials are steadily being used to reduce vehicle weight, which outcomes in reducing universal fuel consumption. High thermal stability related to silicone fluids is estimated to raise industrial growth in the years to come.

The growing application of silicone in textiles, paper, leather-based packaging, labels, and airbags is predicted to propel the demand for silicone over the forecast period. In the aforementioned applications, silicone is used as a solvent, adhesive, wetting agent, an anti-foaming agent. Silicones in the textiles enterprise are used in numerous approaches at some stage in material manufacturing, consisting of the manufacturing of yarns as nicely as on the finished product. Silicones provide lubrication, foam control, and softening to the yarn or fabric. In addition, they are used as hydrophobic coatings on the finished product. Increasing use of conductive silicone rubber in anti-slip processing for fabric manufacturing, on account of its desirable electrical and chemical resistance properties, is expected to have a superb effect on the segment boom over the forecast period.

COVID-19 impact on Dimethyl Silicone Market

Several governments and personal region companies are operating at a restrained potential or have ceased operations definitely due to recent events surrounding the COVID-19 pandemic. Manufacturing of consumer items across the globe came to a halt due to the unavailability of raw materials, shortage of labor, and different reasons. This is predicted to impede the polyether-modified silicone market.

COVID-19 is affecting the global economy in three most important ways: hampering manufacturing and demand, developing supply chain and market disruption, and using detrimental monetary have an effect on organizations

MARKET DRIVERS:

The amazing properties of the Silicon are driving the growth of the market

Outstanding properties of polyether-modified silicone such as water solubility, dispersing & emulsifying abilities, and usefulness in stabilizing water-oil systems are key factors boosting the demand for polyether-modified silicone in a number of industries such as agrochemicals, textile, cosmetics & non-public care, and plastic processing.

Growth in the income of people is also driving the growth of the market

Changing lifestyles, rising per capita income, and availability of advanced skin and hair care beauty products such as sun care products, moisturizing creams, coloration cosmetics, and hair conditioners are elements using the cosmetic industry across the globe. This, in turn, is anticipated to fuel the demand for polyether-modified silicone in the cosmetic enterprise across the globe at some point in the forecast period.

MARKET RESTRAINTS:

The presence of alternatives in the market is restraining the growth of the market

There are alternative products that are present in the market which is restraining the growth of the market. people tend to buy those products which are cheap and there are many cheap alternatives which are present in the market which is restraining the growth of the market

Dimethyl Silicone Market Report Coverage:

This research report on the global Dimethyl Silicone Market has been segmented and sub-segmented based on Product, end-user, and region.

Dimethyl Silicone Market - By Product:

• Fluids
• Gels
• Resins
• others

The elastomers segment led the market and accounted for the largest revenue share of extra than 41.0% in 2020. Silicone elastomers are vulcanized silicone-based polymers that are made with an aggregate of linear polymers, a crosslinker, reinforcing agents, and a catalyst. Based on the kind of primary straight-chain molecule and the processing temperature, these elastomers have been further characterized as Room Temperature Vulcanization (RTV), Liquid Silicone Rubber (LSR), and High-Temperature Vulcanizing (HTV). The growing demand for lightweight car parts as they assist to enhance fuel effectivity and reduce emissions is expected to pressure the demand for elastomers in the market over the forecast period. The rising penetration of HTV silicone elastomers in the electric-powered vehicle industry has expanded appreciably over the past few years owing to their lightweight, strong performance, high resistance to corrosion, and efficiency. Besides, HTV silicone elastomers factors additionally provide durability, expanded automobile economy, and help in extending the lifestyles of electric-powered vehicles. This is predicted to fuel the demand for HTV silicone elastomers in electric vehicles, mainly for passenger and business motors over the forecast period.

The fluids section is the second-largest section and is expected to witness a revenue-based CAGR of 4.2% from 2021 to 2028. Silicone fluids are clear, odorless, and obvious liquids and provide amazing thermos-oxidative resistance in operations between -60 degrees and +300 degrees. In addition, this merchandise possesses the most reliable shear stability, minimum volatility, low floor tension, and set off the most excellent water repellency. The rising demand for cosmetics owing to developing cognizance related to private care coupled with growing consumption of the product in paints and coatings as additives is expected to gasoline the demand over the forecast period.

Dimethyl Silicone Market - By End-User:

• Electronics
• Transportation
• Construction
• others

Based on End-User, The industrial process phase led the silicone market and accounted for the biggest income share of extra than 25.0% in 2020. Increasing demand for silicone as lubricants in offshore drilling, industrial coatings (paint additives), and antifoaming is predicted to increase the demand for silicone over the predicted period.

In paints and coatings, silicone is used to decorate overall performance by way of providing a number of elements with multiplied sturdiness and resistance to chemicals, corrosion, and thermal resistance, consequently lowering preservation prices or unplanned protection for industrial infrastructure and machinery.

In phrases of revenue, the building is the 2d predominant software section and is predicted to witness a CAGR of 4.0% from 2021 to 2028. Silicones are considerably used in the constructing and construction enterprise due to their moisture resistance high electricity and properties. Silicones are used for residential and commercial constructions, which include glass, concrete, marble, aluminum, steel, and polymers. Rising population coupled with hastily growing urbanization, and industrial boom have resulted in the increasing want for building and infrastructure development throughout the world. For instance, in 2019, China deliberates making investments of around USD 142.0 billion in 26 infrastructure projects. These elements are expected to appreciably raise the demand for silicones in construction end-use over the expected period.

Dimethyl Silicone Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

Geographically, Europe was the second-largest market in 2020 and it is anticipated to witness a revenue-based CAGR of 3.4% from 2021 to 2028. The expanding construction region in a number of countries including the U.K., Germany, Spain, France, and Russia is predicted to augment the product demand over the forecast period. Increased funding from the EU coupled with the supportive measures (such as tax breaks, incentives, and subsidies) undertaken with the aid of quite a few governments is predicted to raise the boom of the development region in the region. Furthermore, the growing adoption of silicone in the healthcare region for aesthetic implants and in the renewable power quarter for functions in photo voltaic panels and windmills is predicted to raise the market boom over the forecast period.

However, lockdown imposed by means of quite a number of governments throughout the globe to comprise the unfold of COVID-19 has led to a decline in the consumption of silicone. End-use industries, such as car and construction, are witnessing a sharp decline, in phrases of demand and production, owing to the number of restrictions on movement and operations imposed by the government. However, with the ease of the lockdown, manufacturing is expected to resume and demand for silicone is predicted to grow again.

The Asia Pacific dominated the market and accounted for the biggest revenue share of over 44.0% in 2020. The massive market share of the location is attributed to the presence of several large-, medium-, and small-sized market players in the region. The shifting of production facilities with the aid of market players from Europe and North America to Asia, owing to the factors such as higher availability of raw materials, less costly labor, and more market penetration opportunities in end-use industries such as transportation, construction, industrial process, non-public care, and customer products, electronics, healthcare, and energy, is expected to propel the regional production of silicone over the forecast period.

Dimethyl Silicone Market Share - By companies

• DowDupont
• Shin-Etsu Chemical co, Ltd
• KCC Basildon
• MBI Silicons, LLC.
• Runhe Chemical Industry
•  Jiangxi Tianshneg material ltd
• others

Recently in August 2020, Wacker Chemie AG extended a partnership with H.M. Royal, a distributor of specialty chemicals and ingredients, for the distribution of SILPURAN, a Liquid Silicone Rubber (LSR) and High Consistency Rubber (HCR), specifically designed for medical application.

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Dow Chemicals, and Holland Chemicals account for considerable market size, several regional level players are also operating across key growth regions, particularly in North America.

NOTABLE HAPPENINGS IN THE GLOBAL DIMETHYL SILICONE MARKET IN THE RECENT PAST:

Product Launch - In May 2021, Shin-Etsu Chemical Co., Ltd developed a new volatile silicone fluid named KF-4422 to be used in diverse personal care products.

Acquisition - In April 2020, KCC Corporation completed the acquisition of a US-based global silicone manufacturer, Momentive (US). By acquiring Momentive, KCC developed a high value-added business focusing on silicone as a significant part of the company’s main business.