About this market
Growing demand from niche applications to drive market growth. The growing use of silicone surfactants in applications such as agriculture, paints, and coatings are expected to accelerate the demand for silicone surfactants during the forecast period. Silicone surfactants are used to enhance the spread ability of the formulations when they are applied in agricultural chemicals. Silicone surfactants are extensively used in herbicidal formulations and ready-to-use agricultural products to ensure excellent efficacy when they are applied to a substrate. analysts have predicted that the silicone surfactants market will register a CAGR of almost 7% by 2023.
Market Overview
Growing demand from personal care industry
The silicone surfactants possess characteristics such as excellent emulsifying properties and permeability; wetting and foaming abilities; good spread ability; and film-forming properties. Therefore, due to such properties, silicone surfactants are widely used in personal care products.
Threat of substitutes
The global silicone surfactants market faces challenges due to the growing presence of substitutes such as anionic, non-ionic, cationic, and am photeric surfactants that exhibit almost similar characteristics and are employed in several end-use applications.
For the detailed list of factors that will drive and challenge the growth of the silicone surfactants market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including DowDuPont and Elkem Silicones the competitive environment is quite intense. Factors such as the rising demand from personal care industry and the expansion of aircraft manufacturing facilities, will provide considerable growth opportunities to silicone surfactants manufactures. DowDuPont, Elkem Silicones, Evonik Industries, Momentive, Shin-Etsu Chemical, and Wacker Chemie are some of the major companies covered in this report.