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.
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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. 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.
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.
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 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.
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
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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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Note: Our Team of researchers are
studying Covid-19 and its impact on Various industry Verticals and wherever
required we will be considering Covid-19 footprints for a better analysis of
markets and industries. Cordially get in touch for more details.
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