The silicone surfactants market is projected to reach USD 5.73 Billion by 2022, at a CAGR of 6.5% from 2017 to 2022. Increasing demand for silicone surfactants from the personal care segment has led to the growth of silicone surfactants market. Silicone surfactants are used in skincare, haircare, and personal hygiene products in the personal care industry. Major end-use industries of silicone surfactants include personal care, construction, textile, paints & coatings, and agriculture.
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Major companies operating in the silicone surfactants market include Evonik Industries (Germany), Dow Corning (US), Momentive Performance Materials (US), Wacker Chemie (Germany), Innospec (US), Shin-Etsu Chemical (Japan), Siltech (Canada), Elé (US), Elkem (France), Supreme Silicones (India), Silibase Silicone (China), and Jiangsu Maysta Chemical (China). These companies have principal operations in the Asia Pacific, North American, and European regions. They undertake organic and inorganic expansion strategies to increase their market shares. New product development is an essential strategy in this market to cater competitive products to the end-user industries.
Evonik Industries (Germany) is a leading manufacturer of silicone surfactants. The company has strong product offerings and major industry coverage across regions such as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. It is one of the few companies offering biodegradable silicone surfactants, which provide super-spreading properties and are most suited for use in the personal care, paints & coatings, and agriculture industries. The company also offers silicone surfactants for polyurethane additives applications in rigid and flexible polyurethane foams. These foams are widely used in the construction industry.
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Dow Corning (US) is one of the largest manufacturers of silicone surfactants with significant geographic presence across the world. The company provides silicone surfactants majorly for polyurethane foam manufacturing, which is the largest application area of silicone surfactants. In June 2016, the company became a wholly-owned subsidiary of the Dow Chemical Company. This strategic move will increase the R&D expenditure of the parent company for new product development.
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