Global Silicone Surfactants Market Size, Trends and Forecast Report 2022-2031 with Impact Analysis of COVID-19

Kenneth Research has recently added a report titled Global Silicone Surfactants Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Silicone Surfactants Market is valued approximately USD 1.9 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5%over the forecast period 2019-2026. Silicone surfactants are used to produce polyurethane foams because of their excellent foaming, dispersing, and emulsifying properties. It helps in stabilizing the foam cells in polyurethane foaming process and improves foam porosity. The structure of the silicone surfactant also affects the air permeability and foam cell size of the cured polyurethane foam. Thus, the increasing use of polyurethane foam in end-user industries such as paints and coatings, packaging, construction, automotive, furniture, and textiles will drive the demand for silicone surfactants. Also, Low weight, low thermal conductivity, and fast on-site erection time of polyurethane foams make it perfect for insulating agricultural and industrial buildings.

The regional analysis of global Silicone Surfactants market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to presence of a sophisticated constructions sector in the US and Canada. Furthermore, the cosmetics industry in the region has also matured over the years which has also propelled regional market demand. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as Increasing middle-class population and rising consumer expenditure on cosmetics and personal care products is driving silicone surfactants market growth in this region.

Major market player included in this report are:
Evonik Industries AG (Germany)
Dow Corning Corporation (US)
Momentive Performance Materials Inc. (US)
Wacker Chemie AG (Germany)
Innospec Inc. (US)
Shin-Etsu Chemical Co., Ltd. (Japan)
Siltech Corporation (Canada)
Elé Corporation (US)
Elkem ASA (France)
Supreme Silicones (India)

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.

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The detailed segments and sub-segment of the market are explained below:

By Application:
Foaming Agents
Defoaming Agents
Wetting Agents

By End User Industry:
Personal Care
Paints & Coatings

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Silicone Surfactants 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

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