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. 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 Market Growth based personal care products which is likely
to propel the growth of the market over the assessment period.
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.
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.
Key Player: KCC
Corporation, Wacker Chemie AG, BYK Additives, Siltech Corporation, BRB
International, DowDuPont, Evonik
Industries AG, Shin-Etsu Chemical
Co., Ltd, Elkem, and Momentive
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