Dimethyl Silicone Market: Introduction
Dimethyl Silicone is non-toxic, non-corrosive, tasteless and clear liquid. Dimethyl silicone is one of the prominent type of silicone fluids. Dimethyl silicone is chemically inert and has high electrical insulation. Dimethyl silicone is also good weather resistant, thermally stable and hydrophobic in nature. It can be used for various application within the operating temperature -50o C – 200o C. Dimethyl silicones are economical and versatile which is used as release agents, lubricants and polishes. Due to its stable viscosity and substantial temperature resistance makes it a popular choice as a lubricant.
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Besides it dimethyl silicone is also used as heat transfer fluid and electrical insulation fluid. Dimethyl Silicone is also being used as releasing agent, defoamer, water repellent and resin modifier etc. Over the years dimethyl silicone has found various applications in numerous industries such as automotive, chemicals, textiles, building & construction, paints & coatings, electrical & electronics, paper & pulp and general manufacturing among others. Different regulatory organizations have carried out research on dimethyl silicone over the years, at the end it was concluded that dimethyl silicone is non-hazardous chemical.
Dimethyl Silicone Market: Dynamics
Speedily growing industrialization around the world is the prime factor responsible for the escalation in the demand of dimethyl silicone. Alongside the swift industrial progress there is up surge in the demand for efficient and versatile lubricants which is positive outlook for the dimethyl silicone market. Industrial progression and technological innovation are projected to be driving factor for the growth of dimethyl silicone market. Development of chemical and pharmaceuticals industry is expected to propel the demand for food/pharmaceutical grade dimethyl silicone. Rising automotive production coupled with rapid growth of general as well machine manufacturing is anticipated to fuel the demand for dimethyl silicone.
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Increasing population has increased building & construction activities which is turn is positive influence for the dimethyl silicone market. Energy & power are some of the most indispensable part of this modern industrialized world, there is intensifying demand for unremitting power supply which in turn is expected to augment the demand for dimethyl silicone as an electrical insulating oil. Rising urbanization, growing disposable income, GDP growth are some of the dynamics which are anticipated to have indirect impact on the growth of dimethyl silicone market. Consumer sentiments are not in the favor of food grade dimethyl silicone as it widely used as industrial lubricant which might hamper the market growth. In order to overcome such problems manufacturers adopt aggressive marketing strategies to clear the misconceptions of the consumers.
Dimethyl Silicone Market: Regional Outlook
North America and Europe are attributed as a favorable market regions for dimethyl silicone owing to the predominance of various industries such as automotive, chemical, paints & coatings. Swift industrial growth, growing pharmaceutical & chemical industries and upsurge in automotive production has been observed in the recent years in Asia Pacific region, due to which Asia Pacific is attributed as prominent market for dimethyl silicone. Growing chemical industry coupled with rising building & construction activities is estimated to make Middle East & Africa a strong market for dimethyl silicone. Owing to the growing automotive production and fast industrial progress Latin America can be considered as potential market for Dimethyl Silicone.
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Dimethyl Silicone Market: Key Participants
Some of the key market participants identified in the global dimethyl silicone market are:
Dow Chemicals Inc., Holland Chemicals, Genesee Polymers Corporation, Om Tex Chem Private Limited, Shin-Etsu Chemical Co., Ltd., Basildon Chemicals, KCC CORPORATION., Shandong Dayi Chemical Co., Ltd., RioCare India Pvt. Ltd., Shandong Dayi Chemical Co., Ltd., Dongyue Group, and Hangzhou Ruijiang Performance Material Science Co., Ltd.
This post was originally published on Business Analytics