Market Trends of Silicone Surfactant Industry
This section covers the major market trends shaping the Silicone Surfactant Market according to our research experts:
Increasing demand from the Personal Care Industry
- Personal care represents one of the major end-user industries for silicone surfactants.
- Personal care products include a variety of body care, as well as hair care products. 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.
- Globally, the personal care industry is growing at a significant rate due to increasing awareness regarding the importance of personal hygiene and grooming among the youth.
- Asia-Pacific and North America are the dominant regions in the personal care market. In Asia-Pacific, China occupies the largest share, followed by India, in terms of growth rate, India is expected to witness the fastest growth over the forecast period.
- Therefore, the growing demand from personal care industry is expected to boost the demand for silicone surfactant in coming years.
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Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to be the largest market for silicone surfactants and is also forecasted to be the fastest-growing region during the forecast period.
- Personal care is one of the fastest-growing sectors in countries such as China, India, etc. Continuous growth in population is another factor fueling the demand for personal care, soaps, and detergents in these countries, which, in turn, is augmenting the market studied.
- India is one of the largest producers of soaps and detergents, globally. The soap manufacturing industry is one of the oldest industries operating in the FMCG sector in India and accounts for more than 50% of the consumer goods sector.
- The laundry detergent market in India is expanding at a rapid rate. The growth in market demand for washing machines has recently expanded at an impressive rate in the country. The growing penetration of washing machines is in-turn increasing the demand for laundry detergents, along with liquid detergents.
- China is one of the major countries in Asia-Pacific with ample construction activities, with the industrial and construction sectors accounting for approximately 50% of the GDP. A total of 300 major construction projects in Beijing have been announced in 2019.
- China is the largest clothing producer in the world and has the largest production capacity for textile products, consisting of cotton, manmade fibers, and silk.
- However, the textile and apparel producers in the country are going through a painful industrial restructuring. Enormous production capacity, domestic oversupply, and high labor costs have all eroded the competitiveness of this industry.
- Therefore, growing demand from various end-user industries is expected to boost the demand for silicone surfactant in Asia-Pacific region.
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