Report Overview

Global Silicone Additives Market- Industry Trends & Forecast Report 2028

The global silicone additives market was worth USD 1.6 million in 2021, and it is projected to reach USD 2.5 billion by 2028. The growth in the silicone additives market is primarily attributed to the increasing demand for paints and coatings from the automotive. Moreover, the rising demand for cosmetics and personal care products, such as shampoos, deodorants, conditioners, etc., is also accelerating the growth of the global silicone additives market.

Silicone Additives Overview

Silicone additive is a synthetic chemical substance made by the combination of silicon & oxygen atoms. It offers properties such as waterproofing and heat reduction, and is used as a conditioning and emulsifying agent. Silicone additives are generally used additives in the coating as silicone additives reduce the surface tension of the liquid coating. Silicone additives are extensively used in paints, inks, and coatings. In addition, silicone additives application in food & beverage, personal & home care, chemical & petroleum plays an important role in propelling the market.

Silicone Additives Market Trends

Growth Drivers

Increasing Demand in Automobile and Paints Segments

Silicone additives are used in a wide range of applications across automobile, healthcare, cosmetics, textile industries, and mostly in paint and coating sectors, due to its multiple properties such as adhesiveness, waterproofing, and resistance to extreme conditions. The ever-increasing demand for automobiles has directly resulted in boosting the requirement for paints and coatings in new vehicles, and it is being used in other applications such as airbags, textiles, leather goods, and decorative labels production in the automobile units. Automobile production worldwide crossed 100 million units in 2018; this expanding automobile production has contributed towards augmenting consumption of silicone additives across the globe.

Changing Consumption Patterns Coupled with Rising Demand for Cosmetics Products

Another key factor boosting the silicone additives market growth is the increasing concerns related to personal self-care and the mounting demand for high-quality silicone additive-based cosmetics. Silicon additives are used in lotions, creams, hydrating creams, tanning creams, sun protection creams, hair sprays & serums, styling sprays, and others. With the changing fashion trends, demand for cosmetic products continues to increase. Moreover, the strong desire of the aging people to get back their younger look is also driving the growth of the personal care industry, thus, in turn, spiking the growth of the global silicone additives market.

Restraints

Health Hazards from Silicone Additives to Impede Market Growth

Carcinogenicity, genotoxicity, modifications in protein conformation, immune system degradation, teratogenicity, skin rashes and irritations, and increased intraocular pressure are some of the aspects as to how silicone additives can adversely affect humans and the environment. These are all serious health concerns that can even be fatal. Furthermore, prolonged direct contact with silicone compounds might injure human skin and organs. All these factors may hamper the growth of the global silicone additives market during the forecast period.

Impact of COVID-19 on Global Silicone Additives Market

COVID-19 pandemic has had a very negative impact on the silicone market as due to COVID-19, the need for automobiles has dropped dramatically, which resulted in the downfall of automobile products manufacturing. Consequently, the demand for silicone additives has also diminished as the paints and coatings for the automotive form a crucial part of the silicone additives market. Therefore, the requirements for silicone additives have also been affected. Also, with turbulent economic scenario across the globe, demand for cosmetics and personal care products has also declined significantly, resulting in reduced demand for silicone additives.

Global Silicone Additives – By Applications          

In terms of applications, silicone additives are segmented into defoamer, rheology modifier, surfactants, wetting & dispersing agents, and others. Among these segments, silicone defoamers are leading the global silicone additives market as they are in high demand across various industries like pulp and paper, food and beverages, paints and coatings, etc. Silicone defoamers prevent the production of unwanted foam during production. 

Global Silicone Additives Market- By End-Users

Based on end-users, the global silicone additive market fragmented into plastics & composites, paints & coatings, paper & pulp, personal & home care, food & beverages, chemical manufacturing and oil & gas, agriculture, and others. The plastics & composites segment is the highest revenue-generating segment of the silicone additives market due to its excessive use in providing flexibility and strength to finished products. Furthermore, the paints & coatings application category is expected to develop at the fastest CAGR throughout the forecast period. The increased usage of silicone additives in paints and coatings, such as defoamers, surfactants, rheology modifiers, and surface wetting agents, is expected to boost the growth of the paints and coatings application segment.

Global Silicone Additives Market- Regional Insights                                          

In terms of regional analysis, the global silicone additives market is fragmented into North America, Europe, The Asia Pacific, Latin America, The Middle East, And Africa. Among all the regions, the Asia-Pacific region holds the highest share in the global silicone additives market due to big paints and coatings and the paper manufacturing units in the region and also due to the easy availability of raw materials used for manufacturing silicone additives. The Asia Pacific region provides expansion opportunities to silicone additive manufacturers, owing to low-cost manufacturing in China, South Korea, and India.

Competitive Landscape

The key players operating in the global silicone additives market are Dow Corning, Siltech, Momentive Performance Materials, KCC Corporation, BYK Additives, BRB International, Evonik, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Elkem ASA, Momentive Performance Materials Inc., ALTANA, Supreme Silicones, BYK Additives, and other prominent players. The global silicone additives market is characterized by the presence of many local, regional, and global vendors. The silicone additives market is highly competitive, with all the players continually competing to gain a larger market share.

Recent Development

• In 2021: BYK introduced two new additives- BYK-329 and BYK-092, for its different clients. One of BYK's newly launched additives, BYK-329, is a silicone surface additive for both solvent-borne and solvent-free systems that support a reduction in surface tension, particularly in general industrial coatings and floor coatings.

• In November 2021: BRB International, rebranded to reflect its evolution as a PETRONAS Chemicals Group Berhad subsidiary (PCG): BRB, a global manufacturer of silicone additives, lubricating oil additives, and other specialty chemicals, will continue to operate independently, guided by an innovation strategy focused on anticipating current and future demands from customers and sectors. BRB will be able to extend its global footprint and innovative capabilities as a result of this new status.

Scope of Report:

By Applications

• Defoamer

• Rheology Modifier

• Surfactants

• Wetting & Dispersing Agents

• Others

By End-Users

• Plastics & Composites

• Paints & Coatings

• Paper & Pulp

• Personal & Homecare

• Food & Beverages

• Chemical Manufacturing And Oil & Gas

• Agriculture

• Others

By Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Silicone Additives Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Silicone Additives Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Applications
         1. Defoamer
         2. Rheology Modifier
         3. Surfactants
         4. Wetting & Dispersing Agents
         5. Others
      2. By End-Users
         1. Plastics & Composites
         2. Paints & Coatings
         3. Paper & Pulp
         4. Personal & Homecare
         5. Food & Beverages
         6. Chemical Manufacturing and Oil & Gas
         7. Agriculture
         8. Others.
      3. By Region
         1. North America
         2. Europe
         3. The Asia Pacific
         4. Latin America
         5. The Middle East & Africa
6. North America Silicone Additives Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Applications
      2. By End-Users
      3. By Country
         1. United States
         2. Canada
7. Europe Silicone Additives Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Applications
      2. By End-Users
      3. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. The Asia Pacific Silicone Additives Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Applications
      2. By End-Users
      3. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of Asia Pacific
9. Latin America Silicone Additives Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Applications
      2. By End-Users
      3. By Country
         1. Brazil
         2. Mexico
         3. Rest of Latin America
10. The Middle East &Africa Silicone Additives Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Applications
       2. By End-Users
       3. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of Middle East & Africa
11. Competitive Landscape
    1. List of Key Players & Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership)
12. Impact of Covid-19 on Global Silicone Additives Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, & Strategic Outlook) **
    1. Dow Corning
    2. Siltech
    3. KCC Corporation
    4. BYK Additives
    5. BRB International
    6. Evonik
    7. Wacker Chemie AG
    8. Shin-Etsu Chemical Co., Ltd.
    9. Elkem ASA
    10. Momentive Performance Materials Inc.
    11. ALTANA
    12. Supreme Silicones
    13. BYK Additives
    14. Struktol
    15. Supreme Silicones
    16. Harmony additives
    17. Elkay Chemicals
    18. Graf Chemie
    19. Afcona Additives
    20. JAS Technologies
    21. Other prominent players.
14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation & the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        Global Silicone Additives Segmentation

Figure 2        Global Silicone Additives Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global Silicone Additives Market Size, By Value (USD Million), 2018-2028

Figure 5        Global Silicone Additives Market Share, By Applications, By Value, 2018-2028

Figure 6        Global Silicone Additives Market Share, By End-Users, By Value, 2018-2028

Figure 7        Global Silicone Additives Market Share, By Region, By Value, 2018-2028

Figure 8        North America Silicone Additives Market Size, By Value (USD Million), 2018-2028

Figure 9        North America Silicone Additives Market Share, By Applications, By Value, 2018-2028

Figure 10       North America Silicone Additives Market Share, By End-Users, By Value, 2018-2028

Figure 11       North America Silicone Additives Market Share, By Country, By Value, 2018-2028

Figure 12       Europe Silicone Additives Market Size, By Value (USD Million), 2018-2028

Figure 13       Europe Silicone Additives Market Share, By Applications, By Value, 2018-2028

Figure 14       Europe Silicone Additives Market Share, By End-Users, By Value, 2018-2028

Figure 15       Europe Silicone Additives Market Share, By Country, By Value, 2018-2028

Figure 16       Asia-Pacific Silicone Additives Market Size, By Value (USD Million), 2018-2028

Figure 17       Asia-Pacific Silicone Additives Market Share, By Applications, By Value, 2018-2028

Figure 18       Asia-Pacific Silicone Additives Market Share, By End-Users, By Value, 2018-2028

Figure 19       Asia-Pacific Silicone Additives Market Share, By Country, By Value, 2018-2028

Figure 20       Latin America Silicone Additives Market Size, By Value (USD Million), 2018-2028

Figure 21       Latin America Silicone Additives Market Share, By Applications, By Value, 2018-2028

Figure 22       Latin America Silicone Additives Market Share, By End-Users, By Value, 2018-2028

Figure 23       Latin America Silicone Additives Market Share, By Country, By Value, 2018-2028

Figure 24       Middle East & Africa Silicone Additives Market Size, By Value (USD Million), 2018-2028

Figure 25       Middle East & Africa Silicone Additives Market Share, By Applications, By Value, 2018-2028

Figure 26       Middle East & Africa Silicone Additives Market Share, By End-Users, By Value, 2018-2028

Figure 27       Middle East & Africa Silicone Additives Market Share, By Country, By Value, 2018-2028

List of Tables

Table 1         Global Silicone Additives Market Size, By Applications, By Value, 2018-2028

Table 2         Global Silicone Additives Market Size, By End-Users, By Value, 2018-2028

Table 3         Global Silicone Additives Market Size, By Region, By Value, 2018-2028

Table 4         North America Silicone Additives Market Size, By Applications, By Value, 2018-2028

Table 5         North America Silicone Additives Market Size, By End-Users, By Value, 2018-2028

Table 6         North America Silicone Additives Market Size, By Country, By Value, 2018-2028

Table 7         Europe Silicone Additives Market Size, By Applications, By Value, 2018-2028

Table 8         Europe Silicone Additives Market Size, By End-Users, By Value, 2018-2028

Table 9         Europe Silicone Additives Market Size, By Country, By Value, 2018-2028

Table 10        Asia-Pacific Silicone Additives Market Size, By Applications, By Value, 2018-2028

Table 11        Asia-Pacific Silicone Additives Market Size, By End-Users, By Value, 2018-2028

Table 12        Asia-Pacific Silicone Additives Market Size, By Country, By Value, 2018-2028

Table 13        Latin America Silicone Additives Market Size, By Applications, By Value, 2018-2028

Table 14        Latin America Silicone Additives Market Size, By End-Users, By Value, 2018-2028

Table 15        Latin America Silicone Additives Market Size, By Country, By Value, 2018-2028

Table 16        The Middle East & Africa Silicone Additives Market Size, By Applications, By Value, 2018-2028

Table 17        The Middle East & Africa Silicone Additives Market Size, By End-Users, By Value, 2018-2028

Table 18        The Middle East & Africa Silicone Additives Market Size, By Country, By Value, 2018-2028

Table 19        Dow Corning Company Overview

Table 20        Dow Corning Financial Overview

Table 21        KCC Corporation Company Overview

Table 22        KCC Corporation Financial Overview

Table 23        BYK Additives Company Overview

Table 24        BYK Additives Financial Overview

Table 25        Evonik Company Overview

Table 26        Evonik Financial Overview

Table 27        Shin-Etsu Chemical Co., Ltd. Company Overview

Table 28        Shin-Etsu Chemical Co., Ltd. Financial Overview

Table 29        Elkem ASA Company Overview

Table 30        Elkem ASA Financial Overview

Table 31        Momentive Performance Materials Inc. Company Overview

Table 32        Momentive Performance Materials Inc. Financial Overview

Table 33        ALTANA Company Overview

Table 34        ALTANA Financial Overview

Table 35        Supreme Silicones Company Overview

Table 36        Supreme Silicones Financial Overview

Table 37        BYK Additives Company Overview

Table 48        BYK Additives Financial Overview

Table 39        Struktol Company Overview

Table 40        Struktol Financial Overview

Table 41        Supreme Silicones Company Overview

Table 42        Supreme Silicones Financial Overview

Table 43        Harmony Additives Company Overview

Table 44        Harmony Additives Financial Overview

Table 45        Elkay Chemicals Company Overview

Table 46        Elkay Chemicals Financial Overview