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Silicone Additives Market projected to reach USD 2.70 billion, Trends, Size, Share, Competitive Analysis, Growth, Top Key Players and Forecast to 2029
Silicone Additives Market Overview:The rising demand from paints and coating from the automotive industry is one of the most significant drivers for the expansion of the global silicone additives market. Furthermore, the rising demand from cosmetics and personal care sectors for manufacture of various products, such as shampoos, deodorants, conditioners, and cosmetic products such as lipsticks, eye shadow, and foundations, is also supplementing the growth within the global silicone additives market. Some of the major applications for the products and solutions in the global silicone additives market include defoamers, rheology modifiers, lubricating agents, wetting and dispersing agents, and surfactants, among others. Additionally, the rising demand from the paper and pulp industry is also likely to fuel the growth in the global silicone additives market in near future.
The global Silicone Additives market was valued at USD 1.47 billion in 2020 and is projected to reach USD 2.70 billion by 2029, growing at a CAGR 7% during the forecast period 2022-2029.
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Silicone Additives Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Dow Corning, Evoniik, Shin-Etsu, Momentive Performance Materials, Elkem, KCC Corporation, Wacker Chemie, BYK Additives, Siltech, BRB International and Others
Recent Development
November 2021: BRB International, a global maker of silicone additives, lubricating oil additives, and other speciality chemicals, rebranded to reflect its evolution as a PETRONAS Chemicals Group Berhad subsidiary (PCG). BRB will continue to operate autonomously, guided by an innovation strategy centred on predicting customers' and industries' current and future demands. This new status enables BRB to expand its global footprint and innovation capabilities. PETRONAS Chemicals Group Berhad (PCG) expanded its portfolio outside oil and gas with the acquisition of BRB. The transaction represents a significant step forward in terms of wealth creation and diversity, aligned with the group's growth strategy. Lube oil additives, BRB's primary business, contribute significantly to the sustainability and efficiency of machinery and vehicles running in a variety of situations, including harsh temperatures. Its specialty silicones impart distinctive qualities to personal care products that appeal to consumers.
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Silicone Additives Market Segmentation:
Global Silicone Additives Market By Function, 2020-2029, (USD Million) (Kilotons)
Defoamer
Rheology Modifier
Surfactants
Wetting
Dispersing Agents
Lubricant Agent
Others (Leveling, Adhesion, Water Resistance, And Abrasion & Mar Resistance)
Global Silicone Additives Market By Application, 2020-2029, (USD Million) (Kilotons)
Plastics & Composites
Paints & Coatings
Pulp & Paper
Food & Beverage
Personal Homecare
Chemical Manufacturing and Oil & Gas
Agriculture
Others (Textile and Construction)
Growth Factors:
Increasing demand from the Silicone Additives industries
The growing use of Silicone Additives in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Silicone Additives Market
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Silicone Additives Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Silicone Additives Market Trends
- The report identifies, determines, and forecasts the Global Silicone Additives Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Silicone Additives Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Silicone Additives Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Silicone Additives Market.
Frequently Asked Questions
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Which region has largest share in Silicone Additives Market?
Who are the key players in Silicone Additives Market?
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