Chemical

According to a market report by Lucintel, the future of the silicon additive market looks promising with opportunities in the plastic composites, paper, paint & coating, food & beverage, adhesive & sealant, petroleum, and home & personal care industries. The global silicon additive market is expected to reach an estimated $2.57 billion by 2028 with a CAGR of 6.9% from 2023 to 2028. The major drivers for this market are rising use of these compounds in various end use industries, such as paint and coating, oil and gas, and food and beverages, because they are water resistant and can withstand UV radiation and extreme temperatures.



High temperature resistant, glazing & transparent, neutral cure, food safe, sanitary & skin safe, and frame sealants are the major segments of silicon additive market by performance. Lucintel forecasts that neutral cure is expected to witness the highest growth over the forecast period due to the increasing need for neutral cure additives to lessen and eventually stop the development of acetic acid after curing.

Within this market, plastic composites segment is expected to witness the highest growth over the forecast period due to the increasing usage of silicon-based plastics in prototype structures, automotive, aerospace, and electrical devices.



APAC is expected to witness the highest growth over the forecast period due to high demand for silicon additives in end use industries and easy availability of raw materials in the region.

Evonik Industries, Wacker Chemie, Shin-Etsu, Dow Corning, and BYK Additives are the major suppliers in the global silicon additive market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global silicon additive market by function, performance, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Silicon Additive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global silicon additive market by function, performance, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global silicon additive market by function (rheology modifiers, dissolving additives, adhesive additives, lubricating agents, water and abrasion resistance, defoaming agents, and others), performance (high temperature resistant, glazing & transparent, neutral cure, food safe, sanitary & skin safe, frame sealant, and others), end use industry (plastic composites, paper, paints & coatings, foods & beverages, adhesives & sealants, petroleum, home & personal care, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?