Silicone Surfactants Market Size, Share & Trends Analysis Report By Application (Emulsifiers, Foaming Agents), By Type (Water-soluble, Oil-soluble), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Silicone Surfactants Market Size, Share & Trends Analysis Report By Application (Emulsifiers, Foaming Agents), By Type (Water-soluble, Oil-soluble), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Silicone Surfactants Market Growth & Trends

The global silicone surfactants market size is expected to reach USD 2.59 billion by 2030, as per the new report by Grand View Research, Inc., expanding at a CAGR of 4.6% from 2023 to 2030. This is attributed to the growing utilization of silicone surfactants in personal care and home care formulations. Rising consumer awareness and increasing preference for bio-based products are expected to boost market growth in the near future.

The market is established with the growing demand for the product from various end-use industries including agriculture, textile, automobile, construction, and paints and coatings. Water-soluble type dominated the market in 2022 due to the growing utilization of the product from the agriculture industry, especially in the formulations of fertilizers. Furthermore, the oil-soluble type has restrictions due to its unsuitability for all skin types.

Asia Pacific is a prominent region for silicone surfactants due to the presence of several manufacturers catering to various end-user industries including agriculture, textile, and automobile, along with the high scope for R&D activities in emerging economies of the region. Furthermore, there is an increasing demand for paints and coating products from developing countries such as China and India, which also contributes to market growth.

During the COVID-19 pandemic, the market has witnessed a notable drop in terms of both volume and revenue as personal care and cosmetics production came to a halt globally. Similarly, the construction and paints and coatings industries observed loss during the pandemic. However, post-pandemic, the personal care, home care, construction, and automotive industries witnessed a surge in production, thus triggering product demand.

Silicone Surfactants Market Report Highlights

• The foaming agent application segment is expected to exhibit the fastest CAGR of 5.1% during the forecast period on the account of increasing use of surfactants in manufacturing home care and personal care products and growing usage in the agriculture industry
• The oil-soluble type segment will expand at a significant CAGR of 4.7% during the forecast period due to its use in drilling fluids as it provides high viscosity and higher surface tension
• The paints and coatings end-use segment is expected to register the fastest CAGR of 5.1% during the forecast period owing to the enhanced workability of paints and coatings by providing longer retention and higher dispersion
• Europe is expected to expand at the fastest growth rate of 5.1% during the forecast period. The region is home to many cosmetics and personal care companies, thus has thriving opportunities for silicone surfactant players as the demand for bio-based products is growing
• Asia Pacific is expected to grow significantly during the forecast period because of the easy raw material availability and the presence of various end-use manufacturers
• Key players are constantly involved in new product development and strategic initiatives in order to gain a competitive edge in the market