Global Silicone Grease Market to 2022 – Drivers, Restraints, Opportunities, Trends & Forecasts – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Global
Silicone Grease Market – Drivers, Restraints, Opportunities, Trends &
Forecasts up to 2022" report has been added to Research
and Markets' offering.

Automotive sector is the major contributor for the Silicone Grease
Market followed by industrial sector. Silicone grease, even though a
premium priced product, is preferred over other greases present in the
market due to certain superior properties such as thermal resistance and
better performance. The silicone grease market has seen a rise in demand
over the years owing to increasing demand from developing countries and
increased foreign direct investments by manufacturing companies in these
regions. High production cost of silicone oil has been a limiting factor
for the Silicone Grease Market ever since its introduction, but the
superior performance has paved path for market growth.

Asia Pacific is one of the key consumers for silicone grease and is
expected to grow at a higher rate during the forecast period with most
of the demand generated from the developing countries such as China and
India. China contributed majority of the revenue in the year 2016. The
expected economic stability in Europe will boost its automotive sector
thereby increasing market opportunities for silicone grease.

There has been an intense competition among the manufacturers due to
presence of many big multinational companies with wide product profiles
in silicone grease. All the companies are focusing on R&D to develop new
products with improved efficiency to attain more customers, thus,
increase their market share.

Some of the prominent companies operating in silicone grease market are
Momentive Performance Materials Inc., Dow Corning Corporation, Elkem AS
and Wacker Chemie AG, among many others.

Report Scope:

• End-Users
  • Automotive
  • Construction
  • Industrial
  • Mining
  • Others
• Regions
  • Asia Pacific
  • Europe
  • North America
  • Rest of the World
• Industry outlook: market trends and drivers, restraints, and
  opportunities

Companies Mentioned

• 3M Company
• China Petroleum & Chemical Corporation
• Dow Corning Corporation
• Elkem AS
• Exxon Mobil Corporation
• Huntsman Corporation
• Momentive Performance Materials Inc.
• Royal Dutch Shell plc
• Shin-Etsu Chemical Co., Ltd.
• Wacker Chemie AG

For more information about this report visit https://www.researchandmarkets.com/research/kdw5x9/global_silicone

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Related
Topics: Lubricants
and Greases, Silicones