The silicone surfactants market is estimated to be USD 2.0 billion in 2019 and is projected to reach USD 2.5 billion by 2024, at a CAGR of 5.0% from 2019 to 2024.
The growth of the silicone surfactants market can be attributed to the increasing demand for silicone surfactants from the end-use industries. Stringent environmental regulations against the use of conventional surfactants provide a prospect for growth to the silicone surfactants market.
Emulsifiers Segment - Highest Revenue Generator of the Silicone Surfactants Market by 2024
The emulsifiers application segment is estimated to lead the silicone surfactants market in 2019, and this trend is expected to continue during the forecast period as well. The growth of this segment can be attributed to the increasing use of silicone surfactants in the personal care, construction, and paints & coatings industries.
Features such as stabilization, spreadability, and softness make silicone surfactants preferable for use as emulsifiers in personal care products, polyurethane foams, and coatings, among other applications.
The Europe Region - To Lead the Silicone Surfactants Market During the Forecast Period
The European region is estimated to lead the silicone surfactants market in 2019 and is expected to continue its dominance soon. The upsurge in the number of working women and increasing e-commerce activities have led to the rise in demand for personal care products in this region.
The high demand for silicone surfactants from the personal care industry in countries, such as Germany, the UK, and France, is a key factor driving the growth of the European silicone surfactants market.
Source: MarketsandMarkets™