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.
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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.
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On the basis of Application, the silicone surfactants market is segmented as follows:
- Emulsifiers
- Foaming Agent
- Defoaming Agent
- Wetting Agent
- Dispersants
- 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.
