The Global Laboratory Silicone Oil for Oil Bath Market size is expected to grow at a CAGR of 5.7% from 2021 to 2028, with estimates reaching $3.87 billion by the end of 2028. North America accounted for the largest share in the global laboratory silicone oil for oil bath market in 2017 and will continue to be an attractive region over the forecast period owing to factors such as high R&D expenditure and innovations in silicon-based products.
Laboratory Silicone Oil for Oil Bath can be defined as a kind of silicone oil with a viscosity index (VI) between 100 and 300. It can be used as an additive in paint, printing ink, plastic polymers, and coatings to improve the quality of final products by reducing drying time or improving gloss; it may also be employed as an agent in certain kinds of weathering tests which are conducted on plastics such as PVCs, etc., where its particular physical properties make it suitable for use. Laboratory Silicone Oils, because they typically have higher heat resistance than other types of oils, are sometimes recommended when performing high-temperature operations like Sulfuric Acid processing or brazing copper pipe joints at temperatures over 480 °F.
On the basis of Types, the market is segmented into Low-Temperature Silicone Oil and High-Temperature Silicone Oil.
Low-temperature silicone oil for oil bath is a type of laboratory-grade reactive agent, which has high purity and low volatility. It can be used to produce organic synthesis products in the pharmaceutical industry such as various vitamin E derivatives, citric acid esters, amino acids, and so on.
High-temperature silicone oil is a liquid, low viscosity polymer that has many different uses. It can be used as an anti-foaming agent and antifoam additive for polyolefin systems (low-density polyethylene) to prevent the formation of foam in industrial processes such as extrusion or injection molding.
When added at very low levels (< 0.01%), it helps maintain uniform flow and reduce die wear due to friction between molten plastic scrapings on the work surface while cooling down from high temperatures after production but before post-production thermoforming operations take place. It also reduces tool breakage during post-production molding operations by having less heat capacity than other materials like PVC cement.
On the basis of Application, the market is segmented into Pharmaceutical, Oil Industry, and Other.
In the pharmaceutical industry, silicone oil is used in the manufacturing of tablets. It is also used as a lubricant and in the production of tablets, capsules, and pills. Silicone oil can be applied to the surface of pharmaceuticals for better appearance.
In the oil industry, Laboratory Silicone Oil for Oil Bath is used in a variety of applications such as drilling fluid additives (protection against acid and corrosion), hydraulic fracturing fluids (which are injected into rock formations to extract natural gas), and sealants.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America: The U.S is the largest market in this region because of its large number of pharmaceuticals and oil industries. The drug manufacturers are looking to use silicone oil as a replacement for petroleum-based products due to environmental concerns such as air pollution and climate change which can be generated by the burning of fossil fuels like crude oil during processes at an industrial scale.
Asia Pacific: China emerges as the most promising market in the Asia Pacific, followed by India. The Chinese government is making investments to promote the development of silicone oil for use in pharmaceuticals and health care products.
Middle East & Africa: The Middle East accounts for a major share in this region due to its high growth rate coupled with the presence of oil industries. Countries such as Saudi Arabia are promoting energy conservation technologies which include switching from petroleum-based fluids to silicone oils at an industrial scale.
The growth of the global laboratory silicone oil for the oil bath market is driven by it being a critical component in many industrial applications. New technological developments are expected to offer better performance at a lower price than conventional methods used today. This will open up new opportunities that may lead to an increase in global laboratory silicone oil for oil bath market size during the forecast period 2021-2028 (in terms of revenue).
Up Market Research published a new report titled “Laboratory Silicone Oil for Oil Bath Sales Market research report which is segmented by Types (Low Temperature, High Temperature), By Applications (Pharmaceutical, Oil Industry, Other), By Players/Companies Ace Glass, Clearco Products, Dow Corning, Fisher Scientific, Huber, Irmeco, Julabo, PolyScience, Sigma-Aldrich, Thermo Fisher Scientific, Titan Biotech”.
Report Attributes | Report Details |
Report Title | Laboratory Silicone Oil for Oil Bath Sales Market Research Report |
By Type | Low Temperature, High Temperature |
By Application | Pharmaceutical, Oil Industry, Other |
By Companies | Ace Glass, Clearco Products, Dow Corning, Fisher Scientific, Huber, Irmeco, Julabo, PolyScience, Sigma-Aldrich, Thermo Fisher Scientific, Titan Biotech |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 226 |
Number of Tables & Figures | 159 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Low Temperature, High Temperature and By Application Pharmaceutical, Oil Industry, Other.
Some of the companies that are profiled in this report are:
Laboratory Silicone Oil for Oil Bath Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Laboratory Silicone Oil for Oil Bath Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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