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Global silicone additives market

Silicone Additives Market By Functions (Rheology Modifiers, Dissolving Additives), By Performance (Neutral Cure, Sanitary & Skin Safe, Frame Sealant), By End-Usages (Plastic Composites, Paints & Coatings, Adhesives & Sealants), And Segment Forecasts, 2016-2026

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The global silicone additives market is forecast to reach USD 2.25 Billion by 2026, according to a new report by Research Genics. Silicone additives are the synthetic chemical compounds which are formed by combining carbon, hydrogen and some other elements with a chain of alternating silicon atoms and oxygen atoms known as siloxane linkage. Silicones provide a high resistance to high and low temperatures, also resist degradation by UV rays, repel water, provides clarity, and exhibit a range of other characteristics which makes silicone ideal to be used as additives in some of the end-use applications like plastic composites, paints & coatings and others. Silicone fluids, caulk form, liquid and solid rubbers, resins, and crystal are some of the type of formations which makes it quite feasible to be used in various types of applications as a processing additive or performance propelling solvent.Global silicone additives market is growing significantly as the demand for silicone additives are stimulating predominantly in the plastic composites, paints & coatings and adhesives industries. Silicone additives offer intense performance improvements of the applications, increasing their longevity and protecting the substrates from outer performance deteriorates. Being used as adhesive additives, lubricating agents and rheology modifiers, the silicone additives are highly productive and useful in various end-use applications and different performance based additives add to its demand drastically.

The North American region is holding the highest market share of about 33.8% in 2018 in the silicone additives market, followed by the Asia Pacific region, with 27.2% of market share. APAC, owing to its extensive growth of the plastics composites and painting & coating industries coupled with the high demand of the silicone additives in the home and personal care products, is growing the fastest at a CAGR of 8.1% throughout the forecast period. China, India, and South Korea are some of the most active contributors in this region.Evonik Industries AG, Wacker Chemie AG, Shin-Etsu, Dow Corning, BYK Additives, Siltech, Supreme Silicones, Momentive Performance Materials Inc., Wacker Chemie AG, and Elkem.Rheology Modifiers, Dissolving Additives,Neutral Cure, Sanitary & Skin Safe, Frame SealantPlastic ,Composites, Paints & Coatings, Adhesives & Sealants

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