United States Silicone Additives Market Size, Share, and COVID-19 Impact Analysis, By Function (Defoamers, Wetting & Dispersing Agents, Rheology Modifiers, Surfactants, Lubricating Agents, Others), By Application (Plastics & Composites, Paint & Coatings, Healthcare, Food & Beverage, Others), and United States Silicone Additives Market Insights Forecasts 2023 – 2033

Industry: Chemicals & Materials

RELEASE DATE Jan 2024
REPORT ID SI3417
PAGES 200
REPORT FORMAT PathSoft

United States Silicone Additives Market Insights Forecasts to 2033          

  • The United States Silicone Additives Market Size was valued at USD 145.62 Million in 2023
  • The Market Size is Growing at a CAGR of 4.27% from 2023 to 2033
  • The United States Silicone Additives Market Size is Expected to Reach USD 221.24 Million by 2033

 

United States Silicone Additives Market

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The United States Silicone Additives Market Size is Expected to Reach USD 221.24 Million by 2033, at a CAGR of 4.27% during the forecast period 2023 to 2033.

 

Market Overview

Silicone is a man-made material made up of silicon and oxygen atoms. Silicone is used as a conditioning and emulsifying agent and has waterproofing and high heat reduction properties. Due to their ability to reduce the surface tension of the liquid coating, silicone additives are commonly used in coating. They provide ink, paint, and coating formulators, which are typically used to improve the performance of the finished product. Surface properties of Silicone Additives in coatings include slip, wetting, abrasion resistance, and defoaming. It is also used in household care, personal care, chemical and petroleum industries, and other fields. Silicone additives, known for their exceptional physical and material properties such as flame retardance and durability, are becoming increasingly popular in a variety of applications. In addition to their superior weathering resistance and flexibility, silicone sealants are widely used in the construction industry. Silicone additives are essential in the paints and coatings industry for improving surface properties, increasing gloss levels, and reducing foam formation.

 

Report Coverage

This research report categorizes the market for the United States silicone additives market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States silicone additives market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States silicone additives market.

 

United States Silicone Additives Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 145.62 Million
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:4.27%
2033 Value Projection:USD 221.24 Million
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered: By Function, By Application
Companies Covered: A Dow Corning Ltd, Evonik Corp, Shin-Etsu Chemical Co Ltd, Momentive Performance Materials Inc, BYK USA Inc, Elkem, Wacker Chemie, Others, and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Silicone additives, due to their exceptional anti-foaming properties, play an important role in the food and beverage industries. Foam can be a significant impediment during food and beverage production because it slows down the process and reduces the final product's quality. Silicone additives also contribute to the lubrication process in food and beverage production. One of the primary reasons for silicone additives' growing popularity in the food and beverage industries is their ability to meet stringent health and safety standards. Silicone additives play an important role in the healthcare industry due to their exceptional biocompatibility. These additives are widely used in various medical devices and implants, such as catheters, tubing, and pacemakers, to improve their flexibility and durability. These additives not only help reduce energy consumption but also waste production in the food processing industry, aligning with the industry's overarching sustainability goals.

 

Restraining Factors

Silicone additives may cause cancer, genotoxicity, protein conformation changes, immune system degradation, teratogenicity, skin rashes and irritations, and an increase in intraocular pressure in humans and the environment. Contact with silicones for an extended period harms human skin or organs. These factors may limit market growth to some extent.

 

Market Segment

  • In 2023, the defoamers segment accounted for the largest revenue share over the forecast period.

Based on function, the United States silicone additives market is segmented into the defoamers, wetting & dispersing agents, rheology modifiers, surfactants, lubricating agents, and others. Among these, the defoamers segment has the largest revenue share over the forecast period. Silicone-based defoamers are widely recognized for their exceptional properties, which truly set them apart from their counterparts. These defoamers exhibit remarkable attributes such as low surface tension, chemical inertness, and thermal stability. These unique characteristics make them highly effective in the critical task of eliminating foam, a requirement that is fundamental to many industrial processes. Silicone-based defoamers are used in a variety of industries, demonstrating their versatility and broad range of benefits. These defoamers are critical in the pulp and paper industry for preventing foam formation during the pulping process, resulting in higher effectiveness and productivity. Silicone-based defoamers contribute to the overall texture and spreadability of products in the personal care and cosmetics industries, meeting the ever-increasing demand for high-quality personal care items.

 

  • The plastics & composites segment is witnessing significant CAGR growth over the forecast period.

Based on application, the United States silicone additives market is segmented into plastics & composites, paint & coatings, healthcare, food & beverage, and others. Among these, the plastics & composites segment is witnessing significant CAGR growth over the forecast period. Silicone additives have unique characteristics that make them extremely valuable for improving the performance of plastics and composites. These additives improve heat, ultraviolet light, and chemical resistance, ensuring the materials' longevity and dependability. They not only improve flexibility, durability, and stability, but they also play an important role in a variety of applications in the plastics and composites industry. Silicone additives have revolutionized the production of lightweight parts that can withstand high temperatures in the automotive industry. Furthermore, plastic and composite materials have numerous applications in a variety of industries, including electronics, consumer goods, and others. The addition of silicone additives improves the properties of these materials, making them more suitable for these various applications.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States silicone additives market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • A Dow Corning Ltd
  • Evonik Corp
  • Shin-Etsu Chemical Co Ltd
  • Momentive Performance Materials Inc
  • BYK USA Inc
  • Elkem
  • Wacker Chemie
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In 2021, BYK advanced significantly by introducing two new additives, BYK-329 and BYK-092. These cutting-edge additives were created specifically to meet the diverse needs of their prestigious clients. BYK-329 stands out among the newly released additives as a cutting-edge silicone surface additive suitable for both solvent-borne and solvent-free systems. It excels at lowering surface tension, making it an excellent choice for a variety of applications such as general industrial coatings and floor coatings. BYK-329 is poised to revolutionize the coatings industry and deliver superior results to its users due to its exceptional performance and versatility.

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the United States Silicone Additives Market based on the below-mentioned segments:

United States Silicone Additives Market

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United States Silicone Additives Market, By Function

  • Defoamers
  • Wetting & Dispersing Agents
  • Rheology Modifiers
  • Surfactants
  • Lubricating Agents
  • Others

 

United States Silicone Additives Market, By Application

  • Plastics & Composites
  • Paint & Coatings
  • Healthcare
  • Food & Beverage
  • Others

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