Global Silicone Additives Market Report added by Global Market Insights offers industry size, share, growth, trends and forecast analysis up to 2025. Silicone Additives Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Silicone Additives Market and provides information regarding the revenue for the period 2019 to 2025.
North America led by Mexico, Canada and the U.S. silicone additives market size is projected to grow steadily in the forecasted timeframe. Growing skin care market owing to growing concerns towards ageing would boost product demand. The U.S. skin care market is poised to surpass USD 20 million in 2022 which may have a positive impact on products demand. Advance product application in plastics and composites for aerospace and automotive market would be drive regional silicone additives size by 2025.
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Silicone additives market size is anticipated to witness gains owing to its vast availability and versatility for rearranging and combining sold & liquid to attain any desired form which are in the form of flakes, grease, powder, pellet, gel, emulsion, elastomers and rubber. The product acts as processing aids owing to its unique properties of pliability, flexibility and long term elasticity. Resistance to aging, water resistance and chemical innerness contribute to product stability and durability under extreme temperatures and chemical oxidation reactions. it also contributes towards water repellency, low coefficient of friction, adhesion and dielectric properties. These factors would stimulate the market in forecast timeline.
Paint & coating industry is anticipated to drive silicone additives market in the projected timeline owing to its feature of enhancing optical properties and protecting paint quality. The product also used in substrate wetting, surface slip, optimal flow, adhesion and defoaming along with prevention of forming craters. Growing application of paint and coating in protective, aerospace, construction, transportation, automotive, marine, packaging, wood coatings, rail coatings, and general industries would drive the paint and coatings market. Paints and coatings market size is projected to surpass USD 200 billion by 2025, thus driving market.
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Silicone additives market would gain significantly for its growing application in personal care industry. The product owing to its low viscosity and volatile nature acts as a cosmetic solvent and also used as wetting agents, foam stabilizers and emulsifying agents. Skincare application of the product helps in improving smoothness and makes the products non oily. Silicone additives impart deodorants velvety feel, allowing them to dry quickly, and keep water-resistant sunscreens on skin, during getting wet by sweat. These products have application in manufacturing of foundations owing to its anti-aging properties. Rising sales of skincare products owing to influence of e-commerce will promote market size by 2025.
The product is used in cosmetic industry in order to increase shelf life of eyeshadows, blushes, lipsticks, foundation, and liquid and pencil eyeliners, thereby driving silicone additives market size. It also finds application in haircare product including shampoos and conditioners owing to its significant contribution in repairing signs of damage, return water resistance to damaged areas, fill in cracks, crevices in hair’s surfaces and prevent new damage from occurring. Hair care market size is poised to surpass USD 115 billion by 2024 which is anticipated to drive market size.
Global silicone additives market is slightly consolidated. Major players in the industry includes Dow Corning, Siltech, Momentive Performance Materials, Shin-Etsu, lkem, KCC Corporation, BYK Additives, Wacker Chemie, BRB International and Evonik. Manufacturer are focusing on new product launches through research and development in order to strengthen their market reach.
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