Silicone Oil Market

By Type;

Straight Silicone Oil and Modified Silicone Oil

By Form;

Liquid and Emulsions

By Application;

Sealant, Skin & Hair Care, Textile Coating, Detergent, Chemical Intermediate, Anti-foam Agent, Release Agent, and Others

By End User;

Chemical, Construction, Personal Care, Textile, Electronics, Automotive, Medical, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn900246336 Published Date: August, 2025

Silicone Oil Market Overview

Silicone Oil Market (USD Million)

Silicone Oil Market was valued at USD 3,915.55 million in the year 2024. The size of this market is expected to increase to USD 5,810.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.


Silicone Oil Market

*Market size in USD million

CAGR 5.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.8 %
Market Size (2024)USD 3,915.55 Million
Market Size (2031)USD 5,810.22 Million
Market ConcentrationMedium
Report Pages306
3,915.55
2024
5,810.22
2031

Major Players

  • Wacker Chemie AG
  • Evonik Industries AG
  • Shin-Etsu Chemical Co., Ltd
  • Momentive Performance Materials, Inc
  • Dow Inc
  • Elkem ASA
  • Siltech Corporation
  • BRB International BV

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Silicone Oil Market

Fragmented - Highly competitive market without dominant players


The Silicone Oil Market is witnessing steady growth due to its wide application in diverse industries. With over 40% adoption in personal care and cosmetics, silicone oil plays a critical role in enhancing product performance by providing smooth texture, water resistance, and longer shelf life. Its increasing demand in formulations for skincare, haircare, and healthcare products highlights its growing influence across consumer and industrial sectors.

Rising Demand in Industrial Applications
Industrial usage accounts for nearly 35% of silicone oil consumption, where its properties such as heat resistance, dielectric strength, and chemical stability make it essential. It is extensively applied in lubricants, transformers, and hydraulic fluids, ensuring longer service life and efficiency. The high-performance capabilities of silicone oil make it a preferred choice across critical sectors, boosting its steady expansion.

Healthcare and Medical Growth Drivers
In the medical sector, silicone oil has gained significant acceptance, contributing to about 20% of its usage. Its applications in ophthalmology, implants, and drug delivery systems showcase its biocompatibility and safety. The rising reliance on silicone-based solutions for advanced healthcare treatments has fueled its importance, strengthening the market’s trajectory in life sciences and biotechnology.

Future Growth Outlook
The growing use of silicone oil in emerging applications such as energy, automotive, and electronics is adding momentum to its expansion. Around 25% of new product innovations in these fields integrate silicone oil due to its thermal stability and dielectric properties. With sustainable and high-performance solutions gaining priority, the market is positioned to experience consistent growth across both established and emerging industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Form
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-User
    5. Market Snapshot, By Region
  4. Silicone Oil Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand in Industrial Applications
        2. Rising Demand in Personal Care and Cosmetics
        3. Advancements in Healthcare and Pharmaceuticals
        4. Increasing Use in Textile Processing
        5. Expanding Applications in Food Processing
      2. Restraints
        1. Environmental and Regulatory Concerns
        2. Volatility in Raw Material Prices
        3. Competitive Pressure from Substitutes
        4. Complexity in Formulation and Application
        5. Limited Awareness and Market Penetration in Developing Regions
      3. Opportunities
        1. Expansion in Emerging Economies
        2. Innovations in Sustainable Formulations
        3. Technological Advancements in End-Use Industries
        4. Expansion in Personal Care and Cosmetics
        5. Strategic Collaborations and Partnerships
      4. PEST Analysis
        1. Political Analysis
        2. Economic Analysis
        3. Social Analysis
        4. Technological Analysis
      5. Porter's Analysis
        1. Bargaining Power of Suppliers
        2. Bargaining Power of Buyers
        3. Threat of Substitutes
        4. Threat of New Entrants
        5. Competitive Rivalry
  5. Market Segmentation
    1. Silicone Oil Market, By Type, 2021 - 2031 (USD Million)
      1. Straight Silicone Oil
      2. Modified Silicone Oil
    2. Silicone Oil Market, By Form, 2021 - 2031 (USD Million)

      1. Liquid

      2. Emulsions

    3. Silicone Oil Market, By Application, 2021 - 2031 (USD Million)
      1. Sealant
      2. Skin & Hair Care
      3. Textile Coating
      4. Detergent
      5. Chemical Intermediate
      6. Anti-foam Agent
      7. Release Agent
      8. Others
    4. Silicone Oil Market, By End-User, 2021 - 2031 (USD Million)
      1. Chemical
      2. Construction
      3. Personal Care
      4. Textile
      5. Electronics
      6. Automotive
      7. Medical
      8. Others
    5. Global Silicone Oil Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Wacker Chemie AG
      2. Evonik Industries AG
      3. Shin-Etsu Chemical Co., Ltd
      4. Momentive Performance Materials, Inc
      5. Dow Inc
      6. Elkem ASA
      7. Siltech Corporation
      8. BRB International BV
  7. Analyst Views
  8. Future Outlook of the Market