About this market
The growing preference for backward integration to drive growth in the market. An increase in the raw material prices has led the silicone fluid vendors to go for backward integration to decrease their operational cost. The analysts have predicted that the silicone fluid market will register a CAGR of more than 5% by 2022.
Market Overview
Growing demand from personal care industry
There is an increase in demand for silicone fluids for use in personal care products due to their excellent spreading, glossiness, and improved texture.
Volatility in raw material prices
There has been an increase in the price of silicone metal owing to its limited availability. The growing use of silicone metal to produce silicone elastomers and silicone resins is also expected to impede the market growth.
For the detailed list of factors that will drive and challenge the growth of the silicone fluid market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including ChemChina and DowDuPont the competitive environment is quite intense. Factors such as the growing demand from personal care industry and the growing preference for backward integration, will provide considerable growth opportunities to silicone fluid manufactures. ChemChina, DowDuPont, KCC CORPORATION, Momentive, Shin-Etsu Chemical, and Wacker Chemie are some of the major companies covered in this report.