Global Silicone Additives
Market Report
2024
Silicone Additives market was valued at USD 1.64 billion in 2022 and will reach USD 2.65 billion by 2030, registering a CAGR of 6.2% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Silicone Additives market was valued at USD 1.64 billion in 2022 and will reach USD 2.65 billion by 2030, registering a CAGR of 6.2% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Silicone Additives Market Sales Revenue 2022 | $ 2.02 Billion |
Global Silicone Additives Market Sales Revenue 2030 | $ 3.01 Billion |
Global Silicone Additives Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.1% |
Market Split by Function |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Silicone Additives Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Silicone Additives is copolymer used in solvent-based coatings and ink formulations to eliminate cratering and improve slip, anti-blocking, and flow. Along with these, it also prevents separation problems like pigment floating, flooding, and silking and provides mar resistance. The paint additive lowers the surface tension of the paint solvents and presumably coats the individual pigment particles to prevent them from coalescing. As silicone additives control foam, resist moisture, and enhance adhesion, they are widely used in the production of paints, coatings, printing inks, and overprint varnishes more easily and cost-effectively. Hence growing demand from all such end-use industries like Construction, Food and Beverage, Personal Care and Cosmetics, Plastics, Paints & Coatings, Paper & Pulp, Oil & Gas, and Others boost the Silicone Additives market. The fluctuating cost of raw materials hinders the growth of the Silicone Additives market.
The growing demand for the automobile industry increases the demand for the paints and coatings industry. Silicone additives in paints can enhance the surface slip of a coating, which can be used to improve the scratch resistance of the surface. In addition, these additives are widely used as they improve adhesion, waterproofing, and resilience to harsh environments. Adhesion, defoamers, lubricating agents, rheology modifiers, surfactants, and wetting dispersing agents are the additives used in the paint industry. According to the CEIC data, India Motor Vehicles Sales grew by 2.8% in March 2022. Hence, increasing demand for paints with silicone additives in the automobile industry drives the Silicone Additive market.
Silicon in cosmetic products offers natural lubrication, adding more slip and glide to cosmetics, reducing tackiness on the skin and a sticky feeling in hair, improving hair's softness, and reducing fizziness even in high humidity. Dimethicone, Cyclomethicone, Cyclohexasiloxane, Cetearyl methicone, and Cyclopentasiloxane have commonly used silicones used in cosmetics. According to the Indian Brand Equity Foundation study, the Indian beauty & personal care industry is expected to grow to US$ 15.17 billion by 2024, from US$ 9.98 billion in 2019, with e-commerce being the game changer. As a result, increasing demand for cosmetics will boost the Silicone Additives Market.
The cost and availability of the raw material of Silicone Additives are highly unstable. The major cause for restraining the growth of the Silicone Additives market is volatile prices. Increasing prices of raw materials and manufacturing processes have a negative impact on the cost of production. As the Silicone Additive market is highly dependent on costs, the increasing cost of production hinders market growth.
The outbreak of COVID-19 has witnessed a negative impact on the Silicone Additives market growth. During the pandemic, the government implemented lockdowns in various parts of the country which limited the movement of over 142 crore population of India. The lockdown disrupted the manufacturing of various end-use industries which negatively impacted the Silicone Additives market. As the outbreak of the virus was from China, the Asia-Pacific region has to face major problems regarding manufacturing which altogether hindered the growth of the market in the Asia-Pacific region.
Post-pandemic all the activities resumed and witnessed a positive impact. The problems related to manufacturing, labor shortage, and supply chain of industries like construction, food and beverage, personal care and cosmetics, plastics, paints & coatings, paper & pulp, oil & gas, and others were recovered.
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Evonik Launches New TEGO Rad 2550 Slip and Defoamer Additive
Evonik's Coating Additives business line is expanding its TEGO Rad range of tailored silicone acrylates with a new radically cross-linkable defoaming slip additive. The new slip and defoamer TEGO Rad 2550 is a clear, low-viscosity liquid that effectively reduces static and dynamic surface tension in both conventional UV- and LED-cured formulations. TEGO Rad is scratch-resistant, a good defoamer, and has the ability to create hydrophobic surfaces.
Dow Launches New Liquid Silicone Rubber 3D Printing Materials
Dow, a global leader in silicone elastomer science, developed new liquid silicone rubber 3D printing materials for use in liquid additive manufacturing (LAM) 3D printing. The new material has greater design freedom and process efficiency. The improved low-temperature liquid silicone rubber opens the material to new applications across a wide range of industries, including automotive, electronics, and consumer.
Top Companies Market Share in Silicone Additives Industry: (In no particular order of Rank)
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The market in the Asia-Pacific region is growing immensely due to rapid urbanization. According to the World Population Prospects in 2021, India’s urban population increased by 2.15% from 2020. The increasing population is boosting industrialization which fuels the consumption of silicone additives by end-use industries. Due to the availability of cheap labor, raw materials, and expanding industrialization, the key players in the Silicone Additives market are entering this region. The personal care and cosmetics segment is boosting in the Asia-Pacific region giving rise to the Silicone Additive market. According to the Statista Research Department in 2021, Asia produces 51% of the plastics in the world. The increasing use of plastics is also fueling the demand for Silicone Additive Market. All such regions boost the Asia-Pacific region to dominate the Silicone Additives market during the forecast period.
The current report Scope analyzes Silicone Additives Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Silicone Additives Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Silicone Additives Industry growth. Silicone Additives market has been segmented with the help of its Function, Application , and others. Silicone Additives market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Defoamers segment is projected to grow at the highest CAGR during the forecast period:
On the basis of function, the Silicone Additives market is divided into Adhesion, Defoamers, Lubricating agents, Rheology Modifiers, Surfactants, and Wetting Dispersing Agents. Defoamer is a chemical additive that reduces and hinders the formation of foam in industrial process liquids. Foams in the water cause reduction in the pump efficiency, bacterial growth, dirt flotation, and drainage problems. Defoamers are used to remove air and waterborne foam from multiple water treatments. The rising demand for defoamers for agrochemicals, paper & pulp, food, metalworking, construction, wastewater treatment, and paints coatings industry boosts the Defoamer Market. Hence, all such reasons contribute to the defoamer segment to grow during the forecast period.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Silicone Additives Industry. Request a Free Sample PDF!
The Personal Care and Cosmetics segment is projected to grow at the highest CAGR during the forecast period:
By application, the market is divided into Construction, Food and Beverage, Personal Care and Cosmetics, Plastics, Paints & Coatings, Paper & Pulp, Oil & Gas, and Others. Silicone Additives have the ability to perform skin conditioning. It helps to repair cracks and crevices, delivers pigments and others to the skin, and hence is used to prepare sunscreens, shampoos, conditioners, skin treatment ointment, and cosmetics. The make-up products have got a touch of advanced quality due to the use of silicone in various products like blushes, eyeshadows, foundation, pencils, and liquids eyeliners. Dimethicone, Cyclomethicone, Cyclohexasiloxane, Cetearyl methicone, and Cyclopentasiloxane are commonly used silicones used in cosmetics. Using Silicone Additives in cosmetics gives a rich look to your face. Hence growing personal care and the cosmetic segment will drive the Silicone Additives market during the forecast period.
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Silicone Additives Market is witnessing significant growth in the near future.
In 2023, the Adhesion segment accounted for noticeable share of global Silicone Additives Market and is projected to experience significant growth in the near future.
The Plastics Composites segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Dow Corning (US), Shin Etsu (Japan) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Function | Adhesion, Defoamers, Lubricating agent, Rheology Modifiers, Surfactants, Wetting Dispersing Agents |
Application | Plastics Composites, Paints Coatings, Paper Pulp, Personal Homecare, Food Beverages, Chemical Manufacturing and Oil Gas, Agriculture, Others |
List of Competitors | Dow Corning (US), Evonik (Germany), Shin Etsu (Japan), Momentive Performance Materials (US), Elkem (Norway), KCC Corporation (South Korea), Wacker Chemie (Germany), BYK Additives (Germany), Siltech (Canada), BRB International (Netherlands) |
This chapter will help you gain GLOBAL Market Analysis of Silicone Additives. Further deep in this chapter, you will be able to review Global Silicone Additives Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Function Analysis 2019 -2031, will provide market size split by Function. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Function Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Silicone Additives market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Adhesion have a significant impact on Silicone Additives market? |
What are the key factors affecting the Adhesion and Defoamers of Silicone Additives Market? |
What is the CAGR/Growth Rate of Plastics Composites during the forecast period? |
By type, which segment accounted for largest share of the global Silicone Additives Market? |
Which region is expected to dominate the global Silicone Additives Market within the forecast period? |
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