PUBLISHER: Data Bridge Market Research | PRODUCT CODE: 1419246
PUBLISHER: Data Bridge Market Research | PRODUCT CODE: 1419246
North America silicone oil market is expected to reach USD 6,850,446,330.12 by 2031 from USD 3,848,092,820.00 in 2023, growing at a CAGR of 7.65% during the forecast period of 2024 to 2031.
North America Silicone Oil Market, By Type (Straight-Chained Silicone Oil and Modified-Chained Silicone Oil), Product Type (Polydimethylsiloxane (PDMS), Phenyl Methyl Silicone Oil, Polymethyl Hydrogen Siloxane, Amino Silicone Oil, Vinyl Silicone Oil, Hydrogen Silicone Oil, and Others), Function (Lubricants, Sealant, Formulations, Water Repellants, Anti- Foam Agents, Heat Carrier, Hydraulic Fluids, Release Agent, Working Media, Damping Fluid, Chemical Intermediate, Liquid Dielectrics, Additives, Thermal Bath Fluid, and Others) End-Use (Electrical & Electronics, Automotive/Transportation, Industrial, Building & Construction, Rubber and Plastic Industry, Oil and Gas, Pharmaceuticals and Medical, Home Care, Consumer Goods, Aerospace and Defence, Agriculture, Textiles, Packaging, Energy, Paper and Pulp, Personal Care and Cosmetics, and Others), Country (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2031.
Overview North America Silicone Oil Market Dynamics
Driver
Growing use of silicone oil in the textile industry
Restraint
Intense competition from alternatives
Opportunity
Increasing focus on research and development for the application of silicone oil