Global silicone surfactant market forecast at $3.28 billion by 2033
Pune, India – The global silicone surfactant market is currently valued at US$ 2.08 Billion in 2023 and is anticipated to expand at a CAGR of 4.66%. Owing to the increasing cosmetic care industry the market is likely to propel to US$ 3.28 billion by 2033 according to Future Market Insights.
The largest commercial application of silicone surfactants is their use as additives for the production of polyurethane foam. Worldwide volume for silicone surfactants in polyurethane foam has been estimated at 30,000 metric tons/year. The growth of the silicone surfactants market parallels the growth of the polyurethane foam market.
Silicone surfactants find their increased application as essential construction in numerous industries such as cosmetics, agriculture etc. Augmented demand for beauty and personal care products globally is expected to fuel the demand for silicone surfactants.
Silicone surfactants, are used in many industries as emulsifiers, foaming agents, solubilizers and softeners. They are also known to add levelling, slip and mar resistance properties to coatings formulations.
Demand for silicone surfactants is rising significantly even during the COVID-19 pandemic owing to the increase in demand of consumers for various cleaning products. However, the decline in demand for paints & coatings, and construction materials across the globe is expected to hamper the demand for silicone surfactants in the near future.
Demand for silicone surfactants has been rising owing to their utility in the cosmetics industry. Personal care and grooming have become an important part of people’s lifestyles. This is driving the demand for cosmetic products.
Silicone surfactants are used in a wide range of personal care products such as shampoos, hair conditioners, body washes, and soaps, along with other skincare products, among others. Silicone surfactant is used as an ingredient in a variety of products, such as foaming agents, dispersants, emulsifiers, solubilizing agents, cleansers, and conditioners, among others, in the personal care industry.
The major factor driving the market is a growing demand from the personal care industry. The personal care industry is expected to account for the largest share of the silicone surfactant market over the forecast period.
Furthermore, when disposable income increases, people are more likely to spend on beauty and personal care. This tendency is becoming more visible in a number of rising economies, primarily in Asia, Africa, and Latin America. This rise in cosmetics appeal is broadening the outlook for silicone surfactants in the future.
The silicone surfactants market is currently growing due to the rising application scope in manufacturing paints, coatings, and inks. Silicone surfactants are primarily organic compounds derived from petrochemical raw materials such as benzene and ethylene, or oleo chemical raw materials such as palm oil or coconut oil.
They are widely used in a variety of applications, including personal care products, coatings and paints, and emulsion polymerization. The foaming, emulsifying, and dispersing properties of silicone surfactants have resulted in a high demand for these surfactants around the globe.
The increasing use of surfactants in emerging industries, the global market for silicone surfactants has grown significantly. The use of silicone surfactants to ensure noise insulation in buildings and houses has also given the global market a boost. Furthermore, the textile industry has emerged as a significant consumer of silicone surfactants. This has resulted in profitable opportunities for the market.