In 2023, the market for silicone surfactants is expected to reach a value of US$2.08 billion and grow at a CAGR of 4.66%. The market is expected to grow to US$ 3.28 billion by 2033 as a result of the expanding cosmetic care sector.
The use of silicone surfactants in the cosmetics sector has increased demand for them. Personal hygiene and grooming have developed into significant lifestyle components. The demand for cosmetic items is being driven by this.
Shampoos, hair conditioners, body washes, soaps, and other skincare products are just a few examples of the personal care products that employ silicone surfactants. In the personal care sector, silicone surfactant is used as an ingredient in a wide range of products, including foaming agents, dispersants, emulsifiers, solubilizing agents, cleansers, and conditioners, among others.
The market is primarily being driven by an increase in demand from the personal care sector. Over the projected period, the personal care sector is anticipated to hold the biggest market share for silicone surfactants.
Due to their expanding range of uses in the production of paints, coatings, and inks, silicone surfactants are currently seeing market growth. Benzene, ethylene, and other petrochemical raw materials as well as oleochemical raw materials like palm or coconut oil are the main sources of organic compounds used in silicone surfactants.
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Key Takeaways from the Market Study
· As of 2023, the silicone surfactants market was valued at US$2.08 Billion
· From 2023 to 2033, the silicone surfactants industry is poised to grow at a 4.66% CAGR
· By 2033, the silicone surfactants market is slated to reach a valuation of US$3.28 Billion
· By application, the emulsifier segment accounted for the largest share of 31.5% and is expected to continue this trend over the forecast period.
· China is poised to yield a CAGR of 4.56% with respect to silicone surfactants in 2033
“Increasing penetration of silicone surfactants in the personal care, paints and coatings, textile, and construction industries are expected to radically transform the silicone surfactants market in the coming years,” comments an analyst at FMI.
Competitive Landscape
DOW Inc., Innospec, Momentive, Elkem Silicones, Shin-Etsu Chemical Co., Ltd., Evonik Industries AG, Andisil, Supreme Silicones, Siltech Corporation, Silibase Silicone are some of the key players in the silicone surfactants industry.
The manufacturers are involved in the production of silicon surfactants in a larger capacity. The global silicone surfactants market is consolidated with the presence of major international players. However, the presence of small- and medium-sized domestic players makes the market highly competitive
· In July 2022 - Shin-Etsu Chemical has developed a high-strength inorganic thin-film coating liquid with excellent antibacterial and antiviral properties suitable for surface functionalization of building materials.
· In December 2020- Elkem has completed and opened a new production workshop in Shanghai, China, dedicated to the development and manufacturing of specialised silicones for hybrid and electric vehicles. This move further strengthens Elkem’s position as the largest silicones producer in China.
· In July 2022 – The Momentive Performance Materials group, announced that it is has signed a purchase agreement which will keep the company’s headquarters in the Capital Region by relocating its global Corporate Headquarters from Waterford, N.Y., to the former SI Group location on Balltown Road in Niskayuna, N.Y.
· In January 2021 - Momentive Performance Materials, Inc. announced it has reached a definitive agreement to acquire KCC Corporation’s (“KCC”) Silicones business – in Korea and the UK as well as its sales operations in China – further enhancing Momentive’s global capabilities in advanced silicones and specialized applications.
More Valuable Insights Available
FMI, in its new offering, presents an unbiased analysis of the silicone surfactants market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.
The study divulges essential insights on the Silicone Surfactants Market by Application (Emulsifiers, Foaming Agents, Defoaming Agents, Wetting Agents, Dispersants, Others) By Type (Water Soluble, Oil Soluble) by End-User (Personal Care, Construction, Textile, Paints & Coatings, Agriculture, Others) By Region - Global Forecast 2023-2033
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