Silicone Additives Market – Overview:
Silicone Additives are widely used in some of
the end use application such as food & beverage, personal & homecare,
paints & coatings, construction, plastic & composites, paper &
pulp, and others. The silicone additives market is estimated to witness
significant growth due to their unique properties along with excellent usage in
numerous end use industries specifically in cosmetics & personal care,
construction, and automotive. Among the application segment, in 2016, plastic
& composites holds for the largest application segment and is projected to
retain their dominance due to continuous growth of paints & coatings, and
food & beverage industry in emerging economies.
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The factors attributed to the silicone
additives market growth are significant growth of personal & homecare in
developing countries, increasing automotive production and sales, and expanding
construction sector. Moreover, expanding population coupled with burgeoning
demand for good quality cosmetics has raised the consumption of silicone
additives based personal care products which is likely to propel the growth of
the market over the assessment period.
Global
Key Player:
Ø
KCC
Corporation
Ø
Wacker
Chemie AG
Ø
BYK
Additives
Ø
Siltech
Corporation
Ø
BRB
International
Ø
DowDuPont,
Evonik Industries AG
Ø
Shin-Etsu
Chemical Co., Ltd
Ø Elkem, and Momentive
Industry/ Innovation/ Related News:
November
2017- DowDupont, a
leading manufacturer of specialty chemicals launched silicon additive named as
Dow Corning 904H coating additive for architectural façade coatings which
offers improved aesthetics for building exteriors. This product also enhance
water resistance, repellency, and beading in coatings by rising their surface
hydrophobicity. This product launch enhanced company’s status among the silicon
additives providers.
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September 2017- Shin-Etsu
Chemical Co., Ltd., announced to expand their manufacturing capacity of their
Akron, Ohio plant which is already involved in the production and sales of
silicones. The construction work is estimated to be complete by the end of
2019. With this expansion, the company will strengthen their position among the
silicone additives manufacturer.
November
2017- Spherix
Mineral Products signed an agreement with ChemSpec to distribute Dispersix
brand of HCR silicone processing additives. This distribution agreement will
help company to strengthen their presence in Mexico and U.S.
Competitive
Landscape
The Silicone
Additives Market report
has examined the level of competition amid the major manufacturers in silicone
additives market as well as industry growth and market scenario. The global
silicone additives market composed of wide range of producers operating in the
market which involves medium level and large scale suppliers. Some of the key
operating producers of silicone additives which has strong hold in the market
have shifted their focus towards growth association specifically by Asia
Pacific as moderate level and high level suppliers belongs to this province
specifically from the Philippines, Malaysia, Taiwan, Japan, Australia, China,
South Korea, India, and Thailand. Moreover, the key manufacturers of silicone
additives are observed to follow various strategic plans to enhance their
product portfolio such as product launches, strategic acquisition, distribution
agreements, joint ventures, and mergers, and exclusive agreements. Some of the
key producers in this market are estimated to improve their production capacity
of silicone additives to meet the rising demand for silicone additives across
the globe.
Regional
Analysis:
Geographically, Asia Pacific is estimated to
hold the largest silicone additives market share in 2016 which is followed by
North America and further trailed by Europe. North American silicone additives
market is anticipated to exhibit moderate growth during the review period due
to growing awareness regarding the benefits associated with product along with
raised consumption in end use application in this region. Asia Pacific is
estimated to witness tremendous growth over the assessment period in silicone
additives market due to increasing application of silicone additives in
numerous end use application segment. In Asia Pacific, the demand for silicone
additives is estimated to improve in numerous countries such as Japan, South
Korea, Indonesia, the Philippines, Taiwan, India, and China owing to rising
population along with shifting of production units for most of the key
operating players in this region. In Europe, silicone additives market is
predicted to register above average growth owing to shifting consumer
preference towards the silicone additives along with high adoption rate in
automotive, plastic & composites, and paper & pulp specifically in
France, Italy, Belgium, Germany, Poland, Spain, UK, and Russia.
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