Silicone Surfactants Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Dispersants, Emulsifiers, Wetting Agents, Foaming Agents, Defoaming Agents), By End-User (Cosmetics And Personal Care, Agriculture, Textiles, Building & Construction, Others), And By Geography - Forecasts From 2022 To 2027

The silicone surfactants market is projected to witness a compound annual growth rate of 4.94% to grow to US$2,330.536 million by 2027, from US$1,662.669 million in 2020. The chemical industry’s global expansion in terms of intellectual property, partnerships, and mergers and acquisitions deals among other domain expansions are projected to push the market growth of the silicone surfactants market. Besides, the chemical industry expansion, the end-user industry growth of the silicone surfactant market along with new launches and research and development initiatives by the operating players are projected to drive the market growth during the forecast period. For instance, Momentive Performance Materials Inc., in April 2022, announced its plans to open a Global Innovation Center (GIC), with a modern R&D laboratory and office space to support the growing performance additives business. Silicone surfactants have a wide range of useful applications in various industries ranging from agriculture, construction, textile, and other end-use industries which is another key factor pushing the market growth because of the risk diversification of the market. Applications including emulsifiers, foaming and non-foaming agents, dispersants, and wetting agents among others serve as a major growth potential for the silicone surfactants market.

Based on the end user, the silicone surfactants market is segmented into cosmetics and personal care, agriculture, textiles, building & construction, and others. During the forecast period, the cosmetics & personal care segment is expected to hold a significant share. The consumers' desire to have a healthy-looking appearance, improving lifestyles, and developing economies are a few of the factors driving the consumers' expenditure on lifecare products. The growing number of influencers on social media is another factor adding impetus to the growth of the industry. According to a survey conducted by Harvard Business school, for instance, 67 percent of shoppers revealed that they turn to influencers on social media to find new products.

Silicones are found in a wide range of cosmetic goods, including leave-on skincare and a wide range of hair-care products. Silicones are known by a variety of names and are formulated into a variety of formulas to perform specific functions such as retaining moisture, adhering color pigments, waterproofing, protecting hair while imparting smoothness, and making the application of skincare products feel silky, among many others.

Expansion of the Chemical Industry and end-user industry growth will boost the market demand for silicone surfactants. The expansion of the worldwide chemical industries and the simultaneous increase in research and development spending is propelling the global market growth of the silicone surfactants market. As per the Indian Brand Equity Foundation (IBEF), the chemical industry in India is expected to reach a market valuation of US$ 304 billion by 2025 from US$ 178 billion in 2019 with an annual demand expanding by 9% for chemicals by 2025. Also, as per the same source, an investment of US$ 107.38 billion is estimated to be made in the Indian chemicals and petrochemicals sector by 2025. Additionally, as per BASF Report 2021, global chemical production is expected to grow by 3.5% in 2022, which exceeds the average for the years before the coronavirus emergence with significant growth in major economies like China with 4% growth, Europe with 2.8% growth, and the United States with a 4.5% increase in the chemical production in the year 2022. The major expansion in almost every domain of chemical companies is anticipated to present the latest, advanced, and innovative silicone surfactant products, thereby increasing the market share soon. Also, with the growth of the silicone surfactant end-use industries, market growth is highly promising during the forecast period. For instance, the global construction market is expected to cross US$ 15.2 trillion. Also, as per the October 2021 article by Automat Technologies Inc, skincare product sales in the US grew by 13% in 2020. The increased growth of the cosmetic industry, construction, and other end-use industries of silicone surfactants like textile and agriculture is anticipated to push the market growth further during the forecast period. Also, new launches and research and development by key players in the market are anticipated to add to the potential market growth. For instance, in July 2021, Elkem Silicones announced the official opening of ATRiON, a new research and innovation center in Lyon. The investment made for ATRiON was EUR 25 million, as per the company’s news release. Chemical industry expansion coupled with the end-use industries' growth of silicone surfactants is projected to increase the market share during the forecast period.

COVID-19 Impact on Silicone Surfactants Market

The COVID-19 pandemic had a slightly negative impact on the silicone surfactants market in 2020. As a result of the pandemic-induced global economic downturn, the demand for personal care products fell as consumer preferences shifted towards necessary items. The direct impact of COVID-19 on the silicone industry was lower than expected demand. According to a report by Elkay Chemicals Pvt. Ltd, it was estimated that silicon demand fell by 10% in 2020 and will take two years to fully recover. This will have a direct impact on the industry's capital investment plans concerning the silicone surfactants market. Furthermore, supply chain disruptions caused by lockdowns and trade restrictions hampered the growth of the silicone surfactant market. The economic conditions caused by COVID-19 disrupted the industrial supply cycle, especially in China, the major source of silicon metal. Silicon metal remained under pressure as it was shared with the rapidly growing solar energy industry. However, in the long-run COVID-19 will provide an opportunity for the silicone surfactants market. New surface coatings that resist the spread of microbial and viral infections were introduced, as longer-lasting disinfection became a pre-requisite. Chemical disinfection, along with UV disinfection, gained prominence, allowing for the development of a slew of new products. Silicone surfactants and additives are expected to surge as they are crucial in the development of disinfection systems, formulations, and surface coatings. ?Thus, it is projected that the market will outgrow itself at a CAGR of 4.94% in the COVID-19 scenario compared to the No COVID-19 CAGR of 4.34%.

Silicone Surfactants Market Scope:

Segmentation

• By Application
  • Dispersants
  • Emulsifiers
  • Wetting Agents
  • Foaming Agents
  • Defoaming Agents
• By End User
  • Cosmetics and Personal Care
  • Agriculture
  • Textiles
  • Building & Construction
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others