Global Silicone Additives Market - 2023-2030

Market Overview

The global silicone additives market reached US$ XX million in 2022 and is projected to record significant growth by reaching up to US$ XX million by 2030, growing at a CAGR of XX% during the forecast period (2023-2030).

With properties like waterproofing, excellent heat reduction and use as a conditioning and emulsifying agent, silicone is a synthetic material made of silicon and oxygen atoms. Since they lower the surface tension of the liquid coating, silicone additives are frequently used as coating additives. Its uses include applications such as personal and home care, chemical and petroleum production, food and beverage, etc.

To reduce cratering and increase slip, anti-blocking and flow, silicone copolymer is primarily used in solvent-based coatings and ink formulations. Additionally, it offers mar resistance and stops separation issues like pigment floating, flooding and silking. Keeps the dispersion of the pigment uniform. Silicone resins improve heat resistance and provide water resistance for specialized paints and coatings. The silicone additives market is segmented into function and application segments.

Market Dynamics

The major factor that supports the growth of the global silicone additives market is the increasing demand for paints and coatings from the automotive sector. Additionally, the growing demand from the personal care and cosmetics industries for the production of various goods like shampoos, deodorants, conditioners and cosmetic goods like lipsticks, eye shadow and foundations is supporting the expansion of the global silicone additives market. Defoamers, lubricating agents, rheology modifiers, wetting and dispersing agents and surfactants, among others, are some of the key applications for the goods and services in the global market of silicone additives. The market for silicone additives will likely grow shortly due to rising demand from the paper and pulp sectors.

Numerous rigid foam applications, such as PUR/PIR insulation systems, a variety of blowing agent systems, including water and hydrocarbon, appliance and cold-storage insulation systems and spray foam, can also employ silicone additives.

Additionally, during the manufacturing process, these additives improve the plastic's lubrication and heat stability, raising the product's quality. Commercially, silicone additives are used in powder form because using them in liquid form could cause the silicone's molecular weight to transfer. The market for silicone additives is expanding due to the trends and factors mentioned above.

Growing demand from the personal care and cosmetic industry fosters market growth

The rise in personal care awareness and the rising demand for high-quality silicone additive-based cosmetics are major factors contributing to the market growth for silicone additives. Silicon additives are widely used in various products, including creams, lotions, hydrating creams, sunblock and tanning lotions, hair sprays and styling sprays, hair shines and others. Because people are becoming more aware of their personal hygiene, there is a rising demand for products like shampoo, hair foams and gels, gel toothpaste and other similar products. The demand for personal care among teenagers has significantly increased along with changes in fashion trends.

In addition, the aging population's strong desire to maintain their youthful appearance is fueling the personal care industry's development, which in turn will boost the silicone additives market. Silicon additives enhance the properties of personal care products in terms of appearance, performance, performance, texture, durability and protection. As a result, the personal care industry has seen a rise in demand for silicone additives along with the production of personal care products. Owing to these benefits, the personal care industry fosters the growth of the silicone additives market.

The availability of substitutes and variations in the price of raw materials are limiting market expansion

The availability of less expensive alternatives is the main barrier to the global market. Surface additives are simple to manufacture and have readily available raw materials. As a result, they are provided to various end-use industries at lower prices. However, rising raw material costs and the complexities in producing higher quality products at reasonable prices are some of the factors that could restrain the market's expansion.

COVID-19 Impact Analysis

The supply chain of raw materials for silicone manufacturers has been severely impacted by COVID-19, which has caused a sharp decline in demand for the product market. Further, a decline in silicone additives in this sector was caused by the market disruption in the manufacturing sector, where the product is used as an additive in the production of polyurethane foam. However, as consumers took precautions to keep their homes hygienic during the lockdown, the growing personal care and household industries also contributed to the growth of the silicone additives market. As a result, the demand for cleaning products increased, driving up the price of silicone polyether additives.

Segment Analysis

The global silicone additives market is segmented based on function, application and region.

Properties such as fire resistance, anti-slip or anti-sealing and UV stability generate demand for the PVC silicone additives

The majority of additives are made entirely of pure materials to ensure maximum effectiveness. They are typically compatible with various coating systems because they are pure silicone surfactants, including solvent-borne, solvent-free and aqueous formulations. The ability to lower surface tension is another characteristic of silicone surface additives. Compared to conventional solvent-borne systems, water-based coatings have higher surface tension (72.4 mN/m for water). When compared to equivalents made with solvents, they have poor substrate wetting. This is where, among other chemicals, silicone surface additives come into play, changing the surface characteristics of waterborne, water-based coatings. Furthermore, the growing function of silicone additives as surfactants or surface additives supports the market growth over the forecasted period.

Geographical Analysis

The global silicone additives market is segmented based on function, application and region.

Low costs, rising construction activities and the flourishing beauty and care industry in the region boost the sales of silicone additives

To meet the requirements of the growing population, residential construction projects are a major driver of the construction industry's growth in Asia-Pacific. This is then anticipated to increase demand for adhesives & sealants, paints & coatings. Additionally, India has a lower penetration of personal care products than developed or developing nations. However, it is anticipated that the adoption of personal care products in the nation will rise due to the improving economic climate and rising purchasing power of the Indian population.

According to a report released by the Ministry of Economy and Industry, the country's beauty and personal care (BPC) market were anticipated to grow by 5%-6% annually to more than $8 billion by 2021. With more shelf space in India's boutiques and retail stores, the personal care and cosmetics industry is anticipated to continue growing. The silicone additives market in the region is anticipated to grow steadily over the forecast period due to all of these factors.

Competitive Landscape

The products and services offered by the competitors in the global silicone additives market have top-notch physical and material qualities, like water inhibition and flame retardancy. Manufacturers are making several strategic decisions in the global silicone additives market to develop effective technologies and increase production rates to meet market demand. The primary focus areas include product launches, collaborations, strategic mergers and acquisitions. The key players in the market are Dow Corning, Evonik Industries AG, Shin-Etsu Chemical Co., Ltd., Elkem AS, Momentive Performance Materials Inc., KCC Corporation, Wacker Chemie AG, Siltech Corporation, BRB International and BYK Additives.

Evonik Industries AG

Overview: Evonik Industries AG is a major specialty chemicals company active in over 100 nations around the globe, headquartered in Essen, Germany and was founded in 2007. The company employs more than 33,000 people across all its locations. The company has production facilities in 27 countries in Africa, Asia, Australia / Oceania, Europe, North America and South America. The company manufactures oxo alcohols INA and 2-PH, which are important raw material components for manufacturing plasticizers and surfactants. Evonik offers its INA and 2-PH oxo alcohols with the following means of transportation: ISO containers, tank trucks, rail tank cars, barges, coasters and seagoing vessels. The company offers products for its widespread markets, such as agriculture, automotive, transportation & machinery, coatings, paints & printing inks, construction, environment & utilities, electronics & telecommunication, food & beverages, mining, oil & gas, metals, pharma, plastic, rubber and pulp, paper and packaging.

Product Portfolio:

Silicone Additives: For formulators of high-consistency rubber (HCR), liquid silicone rubber and room-temperature curing silicones (RTV), Evonik offers additives and co-compounds (LSR). Silicon rubber materials must function well in various applications, including automotive, appliance, energy and medical industries. Evonik provides a selection of resin materials for RTV, HCR and LSR, in addition to a portfolio of additives for heat resistance.

Additionally, the rage contains co-compounds that can be used to reformulate LSR and HCR compounds to produce materials with flame resistance or thermal conductivity. Eventually, Company will offer specialized products, such as those for reducing the stickiness and changing the haptic appearance of silicon rubber materials. Either additives or a clear coating material that is applied on top of silicon rubber can be used to produce these effects. Even substrates made of glass fiber can use it.

Key Development: On February 11, 2021, Evonik, the top provider of solutions to the polyurethane (PU) industry, announced its low-cyclic or low-VOC (volatile organic compound) silicone surfactants were exclusively available in Europe. The industry's broadest selection of surfactants for rigid and flexible polyurethane applications is provided by silicone surfactants, which now all meet or exceed today's strict regulatory and sustainability standards. Cyclic siloxanes are essential building blocks for siloxane polymers and silicone surfactants in the PU foam industry. For example, these surfactants support energy efficiency in insulation applications and are essential for stabilizing PU foams for the construction, automotive and appliance industries.

Why Purchase the Report?

• To visualize the global silicone additives market segmentation based on function, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global silicone additives market by analyzing trends and co-development.
• Excel data sheet with numerous data points of silicone additives market-level with all segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players.

The global silicone additives market report would provide approximately 53 tables, 56 figures and 230 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies