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$1,662.669 million in 2020.
Silicone polyether’s, commonly referred to as silicone surfactants, are utilised as emulsifiers, foaming agents, solubilizers, and softeners in a variety of industries. They are also known to give coating compositions levelling, slide, and mar resistant qualities. Surfactants made of silicon, which has a hydrophobic group linked to one or more hydrophilic groups, are new, effective amphiphilic materials. The silicone surfactants market is anticipated to increase as a result of the chemical industry’s global expansion in terms of intellectual property, partnerships, mergers and acquisitions transactions, and other domain expansions. Activities such as emulsifiers, foaming and non-foaming agents, dispersants, and wetting agents, among others, provide the silicone surfactants market significant development potential. According to the Indian Brand Equity Foundation (IBEF), by 2025, the chemical sector in India is projected to have a market value of US$ 304 billion, up from US$ 178 billion in 2019. By that time, the demand for chemicals is projected to have increased by 9% annually.
The rising demand for Silicone Surfactants in paint & coating, construction industry and agriculture
The market is expected to expand as a result of the high demand from the paints & coatings, construction, agricultural, refrigeration, and other industries. By altering features including dispersing, solubilizing, foaming/defoaming, levelling, and photo-stabilizing, silicone surfactants improve the performance of paints and coatings. Additionally, these surfactants are included as a component while making polyurethane foam. This polyurethane foam is used to insulate buildings, commercial buildings, and automobiles. During the projection period, demand for the product will increase due to the growing usage of polyurethane foam in cooling systems or refrigeration.
In the agriculture industry as well the solution of silicon surfactant has an exceptional wetting quality that improves the effectiveness of agrochemical components including insecticides, herbicides, plant growth regulators, and foliar nutrients. It is anticipated that the aforementioned industries would have an increasing demand for the product.
Although, during covid-19 also, customers took precautions to keep the house’s interior spotless throughout the lockdown, the rise in detergents and the soap sector also contributed to the expansion of the silicone surfactants market. As a result, people used more cleaning products, driving up the need for silicone polyether. Additionally, the need for transportation of vaccine storage, medical devices, syringes and injections, diagnostic services, and pharmaceutical equipment has been met thanks to the use of polyurethane foam for insulation. Also, according to the Ministry of chemicals and fertilizers the (WPI) for year 2020-2021 was around 121 which raised by 3 from 118 in 2019-2020 which shows the increase in the price of these products as the demand also raised for them.
The Rising Demand for Surfactants from Several New Applications is Creating Market Opportunities.
Manufacturers of personal care products will increase demand, driving the Silicone Surfactant market. The need for formulations for skincare, hair care, and grooming products is expanding as a result of the rising production of personal care products. A significant trend in the personal care sector is natural products. Cosmetics and personal care items designed to improve skin condition and offer a healthier-looking appearance, as well as rising cosmetics consumption because of customers’ improved lifestyles, have driven up product demand. Moreover, natural surfactants in cosmetics enhance the integrity and functionality of cosmetic formulations as consumers have grown more conscious of the contents in the goods they use at home and on their skin. Customers are prepared to spend a lot of money on natural and organic skin care and cosmetics. As a result, the market is driven by rising demand for these silicone surfactants. So, this market is going to rise as people tend to indulge in personal care which will help in steady growth of the silicon surfactant market.
According to analysts, Asia Pacific held a dominant silicone surfactants market share to witness growth during year-on-year
Based on Geography, the silicon surfactants market is divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Geographically, Asia pacific is predicted to be the biggest and fastest-growing silicone surfactants market. Numerous cosmetic products, such as leave-on skincare products and a variety of hair care items, include silicones. More people are buying personal and home care products, especially in developing countries like China, Japan, and India. Especially in india where the weddings industry is the fourth largest and people are in large amount in the personal and cosmetics makeup during the wedding season so the growth of this silicon surfactants market is always going to rise and having a potential to become one the growing markets globally.