The Global Silicone Lubricants Market is Expected to Grow at

New York, Sept. 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Silicone Lubricant Market – Global Outlook and Forecast 2022-2027” – https://www.reportlinker.com/p06320994/? utm_source=GNW
Silicone-based lubricants are water-repellent and therefore protect against rust. These lubricants perform well in extreme weather conditions.

Rising demand for electric vehicles is expected to drive the demand for silicone-based lubricants as they are used in various parts for insulation and lubrication of electric vehicles. With the growing population across the world, there is a growth in the food processing industries resulting in an increase in the demand for lubrication in the food and beverage industry. Hence, this will increase the demand for food grade silicone lubricants in the market.

MARKET TRENDS AND DRIVERS

An increase in demand for food grade lubricants.

Lubricants play an essential role in the proper functioning of machinery and equipment used in the food industry. Lubricants used in the food and beverage industry are made with the understanding that they could accidentally come into contact with the food and beverage processors make. Therefore, they must be non-toxic and not influence the taste or smell of the food product or drink. Lubricants intended for use in the food industry must be certified as H1 grade by the NSF and other regulatory bodies such as the FDA, USP and WRAS. These lubricants are widely used in the food and beverage industry because they can operate at high temperatures, do not wash out, and can even be applied to plastic parts.

Growth in the electrical and electronics industry.

In recent years, due to rapid industrialization, Industry 4.0 has seen massive development in electrical and electronic industries. The electronics segment is mainly divided into electric utilities and general hardware. In addition, the increase in the adoption of electric vehicles would influence the market for silicone lubricants, as the automotive industry is one of the major end-use industries for silicone lubricants. The effectiveness and presence of electrical currents and electromagnetic fields from electrical modules, sensors, and circuitry must be considered when manufacturing silicone-based lubricants for electric vehicles. In the electrical and electronics industry, silicone-based lubricants are used in a variety of applications such as protecting battery terminals, potting small electronic components, and lubricating threads to prevent sticking and corrosion.

INDUSTRY CONSTRAINTS

High cost of silicone-based lubricants

The silicone lubricant mainly consists of silicone as the raw material as well as additives. Although silicon is the second most abundant element in the earth’s crust, its cost is high. This is due to various factors such as the increased energy cost associated with manufacturing, including converting sand into high purity silica and further refining the silica before chemical reactions polymerize it. Moreover, many expensive components are used during the manufacture of silicone, which increases the overall cost due to high maintenance.

SECTOR ANALYSIS

a) On the basis of segment type, the silicone lubricants market is categorized into oil and grease, and silicone oil is estimated to be the largest segment in the global silicone lubricants market silicone. Silicone oils are used for the insulation of various products. They can also be used as a heat transfer fluid as they provide thermal stability to the systems in which they are used. These oils also offer excellent stability and are known for non-toxic use at high temperatures, low surface tension and high potency. Silicone grease is produced by mixing a thickener with silicone oil. It’s waterproof grease. Generally, amorphous fumed silica is used as thickener and polydimethylsiloxane as silicone oil. Silicone oil is translucent, viscous and incorporates lubricating properties depending on the ingredients used to create the grease.

Segmentation by product type
• Oil
• Fat

b) By end use, the manufacturing industry is estimated to be the largest end user in the global silicone lubricants market. The major end-user industries of the silicone lubricants market are manufacturing, power generation, automotive, food and beverage, etc. Lubrication is necessary for the manufacturing industry because machines and components are under high stress as they are subjected to constantly changing loads, vibrations and operating conditions. Silicone-based lubricants are also used in various food processing machinery. Food-grade silicone-based lubricants play a vital role in keeping food processing equipment running smoothly. It protects bearing, chain, mixers, pumps, conveyor belts and other processing equipment from corrosion, provides oxidation stability and reduces oil change intervals.

Segmentation by end use
• Manufacturing
• Energy production
• Automotive
• Food and drinks
• Others

GEOGRAPHICAL ANALYSIS
• APAC is the largest market in terms of revenue for silicone lubricants due to rapid industrialization, increasing urbanization, population growth and emerging economies, which further contributes to the growth industrial activities and driving the demand for the silicone lubricants market.
• The United States and Canada hold a significant share of the silicone lubricant market in North America. In the United States, technological development and increased demand for goods will increase manufacturing activities, driving the demand for silicone grease used in machinery.
• In Latin America, countries like Brazil and Mexico are expected to grow at a high rate due to strong growth in manufacturing. The silicone lubricants market in Brazil is expected to grow due to strong growth in the manufacturing, mining, construction, and agriculture sectors.

Segmentation by geography
• APAC
o China
o India
o Japan
o Australia
o South Korea
o Rest of APAC
• North America
o United States
o Canada
• Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Russia
o Rest of Europe
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa
o Saudi Arabia
o WATER
o South Africa
o Rest of the Middle East and Africa

COMPETITIVE ANALYSIS

The global silicone lubricants market is highly fragmented as there are numerous manufacturers in major markets. The global silicone lubricants market is characterized by the presence of various international and regional vendors. As international players increase their footprint in the industry, regional vendors will find it increasingly difficult to compete with them. However, some global players such as Shin-Etsu Chemicals Co., Ltd (Japan), 3M (USA), Huntsman International LLC (USA), Dow (USA), Dupont (USA) and many others have developed a full product portfolio. for the silicone lubricant industry.

Due to the highly competitive and volatile environment in the global silicone based lubricants market, growth will primarily depend on the ability to forecast, estimate and adapt to ever-changing industry scenarios in the coming years. Major manufacturers have shifted to environmentally friendly low sulfur lubricants replacing lubricants formulated with petroleum products due to rising crude oil prices and stringent government regulations aimed at reducing footprint carbon in the world.

Main suppliers
• 3M
• Dow
• Dupont
• Huntsman International LLC
• Shin-Etsu Chemicals Co. ltd.

Other Important Suppliers
• B’laster Corporation
• CHT Group
• Elkem
• ENI
• FUCHS
• Huskey specialty lubricants
• Klüber lubrication
• LiquiMoly
• Momentary
• Rocol
• Super lubricant
• Tygre
• Valvoline
• Wacker Chemicals

ANSWERS TO KEY QUESTIONS
1. What is the market size of Silicone Based Lubricants Market?
2. What is the growth rate of the silicone lubricants market?
3. Who are the major vendors in the Silicone Lubricants Market?
4. Which region has the largest silicone lubricants market share?
5. What are the latest trends in the global silicone lubricants market?
Read the full report: https://www.reportlinker.com/p06320994/?utm_source=GNW

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