In 2019, the silicone surfactants market is estimated at USD 2.0 billion and is projected to reach USD 2.5 billion by 2024, at a CAGR of 5.0% from 2019 to 2024. Rising demand for silicone surfactants from the end-use industries is expected to drive the silicone surfactants market.
Based on application, the emulsifiers segment is projected to lead the market, in terms of value, during the forecast period
The emulsifiers segment is estimated to lead the silicone surfactants market in 2019, due to rising demand for emulsifiers from the personal care, construction, and paints & coatings end-use industries. Increasing applications of emulsifiers in cosmetics and personal care products have also contributed to the growth of the emulsifiers segment. Emulsifiers are used to stabilize polyurethane foam; hence, the growth of polyurethane foam market is projected to fuel the growth of emulsifiers in the silicone surfactants market.
By end-use industry, in terms of value, the personal care industry is expected to lead the silicone surfactants market during the forecast period
Personal care, construction, textile, paints & coatings, agriculture are the major end-use industries for silicone surfactants market. The personal care segment is estimated to lead the silicone surfactants market in 2019, owing to increasing demand for silicone surfactants in applications such as skincare, haircare, and personal hygiene products. Rising demand for non-hazardous ingredients in personal care products is expected to fuel the growth of silicone surfactants in the personal care industry.
♦ Recent Developments -
In January 2019, AB Specialty Silicones opened a production facility in Waukegan, Illinois to further increases silicone business. The expansion is expected to help the company increase its production capacity and cater to the demands of customers.
In August 2019, Elkem acquired Basel Chemie, a Korean producer of specialty silicone gels for cosmetics and water repellents. This acquisition helped Elkem cater to a wide range of end-users.
In August 2017, Shin-Etsu Chemical planned to expand its silicones production capacity in the US. This expansion is expected to help the company cater to the increasing demand for silicone products in North America.
Others (Conditioners, Thickeners, and Demulsifiers)
On the basis of End-use Industry, the silicone surfactants market is segmented as follows:
Personal Care
Construction
Textile
Paints & Coatings
Agriculture
Others (Automotive, Oil & Gas, and Pulp & Paper)
♦ Leading Key Players -
Evonik Industries AG (Germany), Dow Corning Corporation (US), Momentive Performance Materials Inc. (US), Wacker Chemie AG (Germany), Innospec Inc. (US), Shin-Etsu Chemical Co., Ltd. (Japan), Siltech Corporation (Canada), Elé Corporation (US), Elkem ASA (France), Supreme Silicones (India), Silibase Silicone New Material Manufacturer Co., Ltd. (China), Jiangsu Maysta Chemical Co., Ltd. (China), Elkay Chemicals Pvt. Ltd. (India), Hangzhou Ruijiang Performance Material Science Co., Ltd. (China), Harcros Chemicals Inc. (US), and SST Australia Pty Ltd. (Australia), among others are the major players in the silicone surfactants market.
The report “Conductive Silicone Market by Type (Elastomers, Resins, Gels and Others) Application (Adhesives & Sealants, Thermal Interface Materials, Encapsulants & Potting Compounds, Conformal Coatings and Others), and by Region - Global Trends & Forecast to 2021”, The growth is fueled by the high potential from the power generation & distribution, photovoltaic, and LED industry in Asia-Pacific, Latin America and Middle-East & Africa region.
This research study used extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the conductive silicone market. The primary sources are mainly several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. The bottom-up approach has been used to estimate market size of conductive silicone on the basis of type, application, end-use industry, and region, in terms of value and volume. The top-down approach has been implemented to validate the market size, in terms of value and volume. With the data triangulation procedure and validation of data through primary interviews, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.
The stakeholders include:
Conductive silicone manufacturers
Conductive silicone traders, distributors, and suppliers
End-use market participants of different segments of conductive silicones
Government and research organizations
Associations and industrial bodies, research and consulting firms
♦ Major Key Players -
The conductive silicone market has a few numbers of global players competing for their market share. These companies are actively investing in various strategies such as new product developments, major acquisitions, and expansion projects globally to increase their market share. Major players such as Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (U.S.), Shin-Etsu Chemical Company Ltd (Japan), Evonik Industries AG (Germany), Bluestar Silicones (France), KCC Silicones (South Korea), and others have adopted various organic and inorganic developmental strategies.
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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.
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.
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.
