Market Insights
Silicone additives are substances that are added to silicone materials to improve their properties. They can be used to change the physical, chemical, or electrical properties of the silicone, or to make it more resistant to certain environmental conditions.
Silicone additives are used in paints and coatings to reduce the surface tension of the liquid coating. This makes the coating more wetting and helps to prevent surface defects such as cracking and poor wet. Silicone additives also improve the scratch resistance of the coating.
The silicon additives market is driven by increasing demand for silicone-based products. The automotive industry is another major end-user of silicone additives. The increasing demand for fuel-efficient and environmentally friendly vehicles is driving the demand for silicone additives in the automotive industry. Overall, the silicone additives market is likely to grow at a promising CAGR of 7.9% during the forecast year.
Segments' Analysis
|
Segmentations
|
List of Sub-Segments
|
Dominant and Fastest-Growing Segments
|
|
Function Analysis
|
Defoamer, Rheology Modifier, Surfactants, Wetting and Dispersing Agents, Lubricating Agents, and Others
|
Defoamer is likely to remain the dominant as well as the fastest-growing segment during 2023-2028.
|
|
Application Analysis
|
Plastics & Composites, Paints & Coating, Pulp & Paper, Food & Beverage, and Others
|
Paint & coatings are likely to account for the majority of market share as well as remain the fastest-growing segment in the coming years.
|
|
Regional Analysis
|
North America, Europe, Asia-Pacific, and The Rest of the World
|
Asia Pacific accounted for the largest market share and is projected to grow at a significant CAGR during the forecast period.
|
Function Type
The silicone additives market is segmented into defoamer, rheology modifier, surfactants, wetting and dispersing agents, lubricating agents, and others. The defoamer is anticipated to achieve the highest CAGR throughout the forecast period. Defoamers are used to prevent the formation of foam in silicone-based products. They do this by breaking down the surface tension of the liquid, making it more difficult for bubbles to form.
Application Type
The market is segmented into plastics & composites, paints & coatings, pulp & paper, food & beverage, and others. Paints and coatings are anticipated to remain the dominant as well as the fastest-growing application in the market during the forecast period. This is due to the increasing demand for high-performance paints and coatings that can provide better protection against the elements and improve the appearance of buildings and other structures.
Regional Analysis
Asia-Pacific is expected to remain the largest market for silicone additives market during the forecast period. The demand for bio-acrylic acid has surged due to expanding industrial activities. The increasing use of plastic components as a substitute for metal in various industries is expected to be a major driver of growth in the regional market. Additionally, it is predicted that the region's growing cosmetics and personal care market will make it easier to use silicone compounds in skin and hair care products.
The silicone additives market is segmented into the following categories:
By Function
- Defoamers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Rheology Modifiers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Surfactants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wetting and Dispersing Agents (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Lubricating Agent (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application
- Plastics & Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Paints & Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Paper & Pulp (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Personal & Home Care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Food & Beverage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Chemical and Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Agriculture (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the silicone additives market. Most of the major players are providing complete profile systems including profile seals. (Alphabetically Arranged)
- BRB International
- BYK Additives
- Dow Corning
- Elkem
- EvonikShin-Etsu
- KCC Corporation
- Momentive Performance Materials
- Siltech
- Supreme Silicones
- Wacker Chemie
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s silicone additives market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
