Silicone Additives Market - Current Scenario and Forecast 2017 - 2022

Press Release   •   Jan 31, 2018 00:31 EST

Study papers on Silicone Additives market and regional forecast. Silicone Additives market players are Dow Corning (US), Evonik (Germany),Shin-Etsu (Japan),Momentive Performance Materials (US), Elkem (Norway),and BYK Additives (Germany).

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Silicone additives market is estimated to be USD 1.20 billion in 2017 and is expected to reach USD 1.70 billion by 2022, at a CAGR of 7.2% between 2017 and 2022. Silicone additives improve plastic processing by increasing heat stability, melting point, and lubrication, which, in turn, enable plastic manufacturers to achieve high output rates, increased efficiency, and qualitative end products.The demand for silicone additives is growing in emerging economies, such as India, China, and Brazil. Increased demand for high-quality products with improved performance is another significant factor fueling the growth of the silicone additives market.However, the silicone additives market is subjected to stringent regulations, especially in the European and North American regions.

Target Audience:

  • Silicone Additives Manufacturers
  • Silicone Suppliers
  • Silicone Additives Traders, Distributors, and Suppliers
  • Raw Material Suppliers
  • Government and Research Organizations
  • Industry Associations

The silicone additives market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period.This growth can be attributed to the easy availability of raw materials used for manufacturing silicone additives. The expansion of the plastic industry in Asia Pacific countries provides lucrative growth opportunities to manufacturers of silicone additives.The rising demand for high-quality coating products in end-use industries is contributing to the growth of the silicone additives market. Key manufacturers of silicone additives are focused on expanding their base in the Asia Pacific region to increase their market share and enhance profit margins.

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Based on application, the paints & coatings segment is projected to grow at the highest CAGR from 2017 to 2022. Silicone additives are the most widely used type of additive in coatings. These additives help reduce the surface tension of liquid coatings and provide protection to substrates without increasing the cost of the overall formulation.Thus, the increasing demand for additives such as defoamers, surfactants, and rheology modifiers is expected to drive the growth of the silicone additives market in paints & coatings application.

Competitive Landscape

1 Overview
2 Market Ranking of Key Players
3 Competitive Scenario
3.1 New Product Launches (2013-2017)
3.2 Expansions (2013-2017)
3.3 Mergers & Acquisitions (2013-2017)

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The silicone additives market has been segmented on the basis of function,application, and region. The report covers the silicone additives market, in terms of value and volume, and forecasts its market size till 2022. It also provides company profiles and details of competitive strategies adopted by key players operating in the silicone additives market.

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