Silicone Surfactants Market- New Technological Development Projecting M****ive Growth till 2033
The global silicone surfactant market is currently valued at US$2.08 Billion in 2023 and is anticipated to expand at a CAGR of 4.66%. Owing to the increasing cosmetic care industry the market is likely to propel to US$ 3.28Billion by 2033.
Demand for silicone surfactants has been rising owing to their utility in the cosmetics industry. Personal care and grooming have become an important part of people’s lifestyles. This is driving the demand for cosmetic products.
Silicone surfactants are used in a wide range of personal care products such as shampoos, hair conditioners, body washes, and soaps, along with other skincare products, among others. Silicone surfactant is used as an ingredient in a variety of products, such as foaming agents, dispersants, emulsifiers, solubilizing agents, cleansers, and conditioners, among others, in the personal care industry.
The major factor driving the market is a growing demand from the personal care industry. The personal care industry is expected to account for the largest share of the silicone surfactant market over the forecast period.
The silicone surfactants market is currently growing due to the rising application scope in manufacturing paints, coatings, and inks. Silicone surfactants are primarily organic compounds derived from petrochemical raw materials such as benzene and ethylene, or oleo chemical raw materials such as palm oil or coconut oil.
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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
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
More Valuable Insights Available
FMI, in its new offering, presents an unbiased ****ysis 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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