The demand for silicone oil is increasing globally due to factors such as urbanization and an increase in living standards, which encourage the use of advanced products. The Asia Pacific region has emerged as the largest market for the global silicone oil market, with a 43.56% share of market revenue in 2022.
According to a report published by The Brainy Insights, the global silicone oil market is expected to grow from USD 3.61 billion in 2022 to USD 6.88 billion by 2032, at a CAGR of 6.68% during the forecast period from 2023 to 2032. Silicone oils are widely used as lubricants, hydraulic fluids, or thermal fluids. Their properties, such as temperature stability and good heat-transfer characteristics, are widely used in laboratories for oil baths kept on top of the hotplate stirrer and as refrigerants in freeze dryers. Additionally, silicones can withstand stress and temperature extremes, and their adhesives are widely used for sealing and protecting doors, wings, windows, hydraulic switches, fuel tanks, wing edges, overhead bins, vent ducts, engine gaskets, landing gear electrical devices, black wires, and electrical wires.
