Silicone oil had started emerging as a niche market with high growth potential due to its wide operating temperature range and relatively higher resistance. When silicone oil is combined with a thickener, it forms silicone grease. Increasing industrialization and focus on usage of better and more efficient grease in automotive vehicles has created opportunities for Silicone Grease Market. Although, many new chemicals have been introduced in the market providing the property of lubrication but not all of them have enjoyed high demand and uptake.
The silicone grease market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology, wherein our industry experts and panel of primary participants helped in compiling the best quality with realistic parametric estimations. Further, the participation share of different categories of primary participants is given below:
Key Market Insights
Automotive sector is the major contributor for the Silicone Grease Market followed by industrial sector. Silicone grease, even though a premium priced product, is preferred over other greases present in the market due to certain superior properties such as thermal resistance and better performance. The silicone grease market has seen a rise in demand over the years owing to increasing demand from developing countries and increased foreign direct investments by manufacturing companies in these regions. High production cost of silicone oil has been a limiting factor for the Silicone Grease Market ever since its introduction, but the superior performance has paved path for market growth.
Asia Pacific is one of the key consumers for silicone grease and is expected to grow at a higher rate during the forecast period with most of the demand generated from the developing countries such as China and India. China contributed majority of the revenue in the year 2016. The expected economic stability in Europe will boost its automotive sector thereby increasing market opportunities for silicone grease.
The study of the Global Silicone Grease Market provides market size information and market trends along with factors and parameters impacting it in both short and long term. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the business decision makers to make better business plans and informed decisions for the future business. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.
There has been an intense competition among the manufacturers due to presence of many big multinational companies with wide product profiles in silicone grease. All the companies are focusing on R&D to develop new products with improved efficiency to attain more customers, thus, increase their market share. Some of the prominent companies operating in silicone grease market are Momentive Performance Materials Inc., Dow Corning Corporation, Elkem AS and Wacker Chemie AG, among many others.
- Asia Pacific
- North America
- Rest of the World
- Industry outlook: market trends and drivers, restraints, and opportunities
1 Report Outline
1.2 Report Scope
1.3 Market Definition
1.4 Research Methodology
1.4.1 Data Collation and In-house Estimation
1.4.2 Market Triangulation
1.5 Study Declarations
1.6 Report Assumptions
2 Executive Summary
2.1 Automotive sector to maintain dominance in the silicone grease market
2.2 Asia Pacific increasing lead in the silicone grease market
3 Market Positioning
3.1 Total Addressable Market (TAM): Silicone
3.1.1 Market Overview
3.1.2 Major Trends
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
4 Market Outlook
4.2 Value Chain Analysis
4.3 PESTLE Analysis
4.4 Porter 5 (Five) Forces
4.5 Patent Analysis
5 Market Characteristics
5.1 Market Segmentation
5.2 Market Dynamics
22.214.171.124 Increasing manufacturing industries
126.96.36.199 Growing purchasing power and greater economic growth in developing countries
188.8.131.52 Low penetration in underdeveloped countries
184.108.40.206 High manufacturing cost of silicone oil
220.127.116.11 Large untapped market in developing and underdeveloped countries
18.104.22.168 Increasing penetration of silicone grease in the mining and industrial sectors
5.2.4 DRO – Impact Analysis
6 End-users: Market Size and Analysis
6.6 Vendor Profiles
6.6.1 Momentive Performance Materials Inc.
6.6.2 Wacker Chemie AG
6.6.3 Elkem AS
6.6.4 Dow Corning Corporation
6.6.5 Shin-Etsu Chemical Co., Ltd.
(Overview, business unit, geographic revenues, recent developements, business focus, SWOT analysis and business strategy have been coverd for all vendors)
6.7 Customer Profile
6.7.1 3M Company
6.7.2 Huntsman Corporation
6.7.3 Royal Dutch Shell plc
6.7.4 Exxon Mobil Corporation
6.7.5 China Petroleum & Chemical Corporation
(Overview, business unit, geographic revenues, recent developements, business focus, SWOT analysis and business strategy have been coverd for all customers)
7 Regions: Market Size and Analysis
7.2 Asia Pacific
7.2.1 Asia Pacific Market by Geography
7.2.2 Asia Pacific Market by End-user
7.3.1 Europe Market by Geography
7.3.2 Europe Market by End-user
7.4 North America
7.4.1 North America Market by Geography
7.4.2 North America Market by End-user
7.5 Rest of the World
7.5.1 Rest of the World Market by Geography
7.5.2 Rest of the World Market by End-user
8 Companies to Watch for
8.1 Shin-Etsu Chemical Co., Ltd.
8.2 Dow Corning Corporation
9 Competitive Landscape
9.1 Competitor Comparison Analysis
9.2 Market Landscape
9.2.1 Exhibition & Product Launch
9.2.4 Mergers, Acquisitions & Joint Ventures
9.2.5 Price Hike
9.2.6 Restructuring & Repositioning
10 Expert’s Views
Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Secondary & Primary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both secondary and primary sources. Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.
Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
For more details on Research Methodology kindly click here to Engage with our Analyst.