According to the new market research report “Silicone Surfactants Market by Application (Emulsifiers, Foaming Agents, Defoaming Agents, Wetting Agents, Dispersants), End-Use Industry (Personal Care, Construction, Textile, Paints & Coatings, Agriculture), and Region – Global Forecast to 2024″, The silicone surfactants market is estimated to be USD 2.0 billion in 2019 and is projected to reach USD 2.5 billion by 2024, at a CAGR of 5.0% from 2019 to 2024.
The growth of the silicone surfactants market can be attributed to the increasing demand for silicone surfactants from the end-use industries. Stringent environmental regulations against the use of conventional surfactants provide a prospect for growth to the silicone surfactants market.
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The silicone surfactants market is projected to reach USD 2.5 billion by 2024, at a CAGR of 5.0% from 2019 to 2024. The growing demand for silicone surfactants from end-use industries, such as personal care, construction, textile, paints & coatings, and agriculture is expected to drive the silicone surfactants market. End-use industries, such as personal care and agriculture, are governed by regulatory agencies, such as REACH (Registration, Evaluation, Authorisation, and Restriction of Chemicals) and the US EPA (United States Environmental Protection Agency), over the use of chemical ingredients in products. Therefore, stringent regulations on the use of synthetic surfactants will fuel the demand for silicone surfactants as they are non-hazardous ingredients.
Based on application, the silicone surfactant market has been segmented into emulsifiers, foaming agents, defoaming agents, wetting agents, dispersants, and others. The emulsifiers segment is expected to be the fastest-growing application segment of the silicone surfactants market during the forecast period. The demand for super-spreading ingredients across end-use industries is fuelling the growth of this segment. Emulsifiers are used widely in personal care, construction, and paints & coatings industries, which are major consumers of silicone surfactants.
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The silicone surfactants market is projected to reach USD 2.5 billion by 2024, at a CAGR of 5.0% from 2019 to 2024. Increasing demand for silicone surfactants from end-use industries has led to the growth of silicone surfactants market. Silicone surfactants are used in skincare, haircare, and personal hygiene products in the personal care industry. Major end-use industries of silicone surfactants include personal care, construction, textile, paints & coatings, and agriculture.
Major companies operating in the silicone surfactants market include 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). These companies have principal operations in the Asia Pacific, North American, and European regions. They undertake organic and inorganic expansion strategies to increase their market shares. Expansion is an essential strategy in this market to cater to competitive products to the end-user industries.
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Momentive Performance Materials (US) is one of the leading manufacturers of silicone surfactants. The company has strong product offerings which are distributed across various regions, such as North America, Asia Pacific, and Europe. The company is primarily focused on inorganic growth strategies, such as acquisition to enhance its product portfolio.
Innospec Inc. (US) is engaged in manufacturing and distributing specialty chemicals. It operates through product segments, namely, fuel specialties, performance chemicals, oilfield services, and octane additives. The company caters its products to industries, such as personal care, home care, agrochemical, and mining. The company offers silicone surfactants under the performance chemicals segment. These surfactants are used in the personal care industry. The company has a presence in around 23 countries across the Americas, Europe, the Middle East, Africa, and Asia Pacific.
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