Silicone Additives Market Size & Analysis – Forecasts To 2025 By Application (Construction, Automotive & Transportation, Consumer Goods, Industrial, Marine, Paper & Film Release, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), End-use Landscape, Vendor Landscape and Market Share & Competitive Landscape
Silicone Additives Market Insights
The silicone additives market is projected to grow at a high CAGR over the forecast period on account of its exceptional qualities. Silicone coatings are expensively used in paints, coatings and inks for improving mar resistance, slip, foam control and levelling. They can be used with various coating systems such as water-based, solvent-based, energy curing and powder based systems.
The increasing demand for paints & coating in the building & conduction, automotive, furniture, and other industries is expected to increase demand for silicone additives over the coming years. The growing need for inks in the printing industry is projected to augment market demand for silicone additives.
Silicone Additives Market
Silicone Additives Market: Application Insights
The silicone additives market on the basis of application is segmented into construction, automotive & transportation, consumer goods, industrial, marine, paper & film release, and others. The demand for silicone additives in the consumer goods and construction segment is expected to occupy a large CAGR over the forecast period.
Growing investments in the construction and consumer goods industry of developing countries is projected to positively influence market growth. Silicone additives are widely used in paints, coatings and inks and are expected to find increasing usage in the printing & packaging and automotive industry.
Silicone Additives Market
Silicone Additives Market: Regional Insights
The demand for silicone additives is expected to grow exponentially in the Asia Pacific region. Rapid industrialization and increasing manufacturing activities undertaken in the Asia Pacific region is expected to foster demand for consumer goods, automotives, and furniture. Rising investments in construction and infrastructure developing activities in the Middle East and Asia Pacific region is expected to augment market growth.
The North American and European market is also anticipated to experience tremendous demand for silicone additives over the coming years. Growing automotive productions and shipbuilding activities is projected to benefit the market. Silicone additives optimize leveling and provide scratch resistance and smoothness to substrates.
Silicone Additives Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Silicone Additives Market: End-Use Landscape
The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic and inorganic growth strategies among others. Some of the companies who are likely to use silicone additives include PPG Industries, AkzoNobel, The Sherwin-Williams Co., and RPM International Inc. among others.
Silicone Additives Market Share & Competitor Analysis
Some of the prominent companies engaged in the manufacture of silicone additives are Wacker Chemie AG, Dow Corning, Innospec, Evonik Industries AG, Carboline Company, BASF SE, Shin-Etsu Chemical Co., Ltd., Momentive Performance Materials Inc., Sika AG, and ACC Silicones among others. Other players in the market include MAPEI SpA, OMG Borchers GmbH, Humiseal, KCC Silicone, Afcona Additives, and Lakmar.
In November 2017, the Dow Performance Silicones introduced Dow Corning 904H Coating Additive which can be used for architectural façade coatings to improve the aesthetics of building exteriors. In June 2017, Dow Chemical Company also introduced silicone slip additive which are used for waterborne wood coating binders.
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