Global Silicone Additives Market
Silicone Additives Market
According to Verified Market Research, Global Silicone Additives Market was valued at USD 1.22 Billion in 2018 and is projected to reach USD 2.04 Billion by 2026, growing at a CAGR of 6.62% from 2019 to 2026.
Global Silicone Additives Market Outlook
Owing to its various applications in different industries such as food & beverages, textile, chemical manufacturing & oil & gas, agriculture, and others the demand for silicone additives is expected to increase over the forecast period. Furthermore, manufacturers are investing in R&D to develop advanced products is fueling the growth of the market. However, rising raw material costs and the challenges faced in developing quality products at low cost are some of the restraining factors that may affect the growth of the market. The growth opportunities from the developing countries are anticipated to boost the growth of the silicone additives market over the forecast period.
Global Silicone Additives Market Competitive Landscape
The Global Silicone Additives Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Dow Corning, Shin-Etsu, Evonik, KCC Corporation, Momentive Performance Materials, Wacker Chemie, Elkem, Siltech, BYK Additives, and BRB International.
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