Global Silicon Additives Market to reach USD 23.4 billion by 2027.
Global Silicon Additives Market is valued approximately USD 16.3 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.2% over the forecast period 2021-2027.
Silicone additives are a very widely used type of additive in coatings. Their main feature is the reduction of the surface tension of the liquid coating. Due to this very specific property, they are successfully used to overcome surface defects like cratering, poor wetting and others.
The extensive use of silicon additives in paint & coating and cosmetics industry has driven the market. Especially, it's shelf life and its weather resisting property plays an important role for the same and also by using them product can be sustained for longer period of time.
In July 2019, Wacker Chemie AG has launched new silicone additive for thermoplastic polyurethanes which is to be sold by the name of Genioplast Pellet 345, this additive help to lower the hardness of the thermoplastic polyurethanes (TPU) and boost elasticity.
However, high cost of raw materials and complexities in the manufacturing and the use of costly platinum catalysts in the manufacture of silicone which raises the overall cost of the silicone additive which can be a limiting factor for the market. Also, there main characteristics like making the product life longer and sustainable has attributed the increased demand for silicone additives in the plastics & composites application. In addition, the demand for high-quality coating products in emerging economies is another significant factor contributing to the growth of the silicone additives market.
The regional analysis of global Silicon Additives market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia Pacific region is projected to grow at the highest CAGR from 2021 to 2027. This growth can be attributed 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.
Major market player included in this report are:
Dow Corning
Evonik (Germany)
Shin-Etsu (Japan)
Momentive Performance Materials (US)
Elkem (Norway)
KCC Corporation (South Korea)
Wacker Chemie (Germany)
BYK Additives (Germany)
Siltech (Canada)
BRB International (Netherlands)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Function:
Defoamers
Wetting & Dispersing Agents
Rheology Modifiers
Surfactants
Lubricating Agent
By Application:
Plastics & Composites
Paints & Coatings
Paper & Pulp
Personal & Homecare
Food & Beverages
Chemical Manufacturing and Oil & Gas
Agriculture

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Silicon Additives Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors