Silicone Additives Market – Global Industry Analysis and Forecast (2023-2029)

Silicone Additives Market is expected to reach US$ 2.83 Billion by 2029 from US$ 1.71  Billion in 2022 at a CAGR of 7.4%.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Silicone Additives Market Dynamics
Global demand for silicone additives is increasing in cosmetic application. Its usage in creams, lotions, hydrating creams, sun protection creams, tanning lotions, hair sprays & styling sprays, hair shines & others are making additives market interesting for the investors. Silicone additives are recognized for providing special properties to inks, plastics and coatings such as improved slip, leveling and foam control.
Rising disposal income in emerging economies are driving the market of additives to northwards. Region wise spending on beauty products has been studied in the report to give indication of the market in forecast period.
Silicone Additives Market
Silicone additives market based on application has been segmented into plastics & composites, paints & coatings, paper & pulp, personal & homecare, food & beverages, chemical manufacturing and oil & gas, agriculture and others. Report has analysed the largest segment by revenue in the total market by product type as well as most promising regions in forecast period. Plastics and Composites segment is expected to be major contributor to the market however paints and coatings segment is expected to grow at fastest CAGR.
Based on function the market has been divided in to defoamer, wetting and dispersing agents, rheology modifier, surfactants, lubricating agents and others.

Regional analysis of market is done on the basis of demand, availability of raw material, cost of manufacturing, supply chain. APAC region looks promising thanks to low cost of manufacturing, raw material availability and growing demand.
Silicone Additives Market Key Highlights:
• Global Silicone Additives Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Silicone Additives Market

• Global Silicone Additives Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Silicone Additives Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Silicone Additives Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Silicone Additives Market are also profiled.
 Silicone Additives Market Scope: Inquire before buying



Global Silicone Additives Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 1.71 Bn.


Forecast Period 2023 to 2029 CAGR:
7.4%
Market Size in 2029:
US $ 2.83 Bn.


 Segments Covered:
by Function
Defoamers
Wetting & Dispersing Agents
Rheology Modifiers
Surfactants
Lubricating Agents
Others


by Application
Plastics & Composites
Paints & Coatings
Paper & Pulp
Personal & Homecare
Food & Beverages
Chemical Manufacturing and Oil & Gas
Agriculture
Others



 by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
 Key Players:
1. Dow Corning (US)
2. Shin-Etsu (Japan)
3. Evonik (Germany)
4. Momentive Performance Materials (US)
5. KCC Corporation (South Korea)
6. Elkem (Norway)
7. Wacker Chemie (Germany)
8. Siltech (Canada)
9. BYK Additives (Germany)
10. BRB International (Netherlands)
11. Akrochem Corporation
12. Supreme Silicones
13. ALTANA
14. Lkem
15. BASF India limited
16. ACC Silicones Ltd.
17. ADD Additives BV
18. Allnex
19. Akrochem Corporation
20. Elkay Chemicals Pvt. Ltd.
21. Harmony Additive Private Limited
22. McCoy Group of Companies
23. Struktol Co. of America
24. Wynca Group

Frequently Asked Questions:

1. Which region has the largest share in Global Silicone Additives Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Silicone Additives Market?
Ans: The Global  Market is growing at a CAGR of 7.4% during forecasting period 2022-2029.

3. What is scope of the Global Silicone Additives market report?
Ans: Global  Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Silicone Additives market?
Ans: The important key players in the Global  Market are – Dow Corning (US), Shin-Etsu (Japan), Evonik (Germany), Momentive Performance Materials (US), KCC Corporation (South Korea), Elkem (Norway), Wacker Chemie (Germany), Siltech (Canada), BYK Additives (Germany), BRB International (Netherlands), Akrochem Corporation, Supreme Silicones, ALTANA, Lkem, BASF India limited, ACC Silicones Ltd., ADD Additives BV, Allnex, Akrochem Corporation, Elkay Chemicals Pvt. Ltd., Harmony Additive Private Limited, McCoy Group of Companies, Struktol Co. of America, and Wynca Group

5. What is the study period of this market?
Ans: The Global Silicone Additives Market is studied from 2022 to 2029.