Key Market Overview:
Silicone Surfactants market size was worth USD 1.81 Billion in 2022, witnessing a CAGR of 4.7% during the forecast period (2022-2030), and the market is expected to hit a valuation of around USD 2.61 Billion by 2030.
The global need for Silicone Surfactants has increased as a result of the rising demand for polyurethane (PU) foam in a number of sectors, including the automotive, furniture, construction, and packaging industries. Organic compounds known as Silicone Surfactants are created from benzene, ethylene, and other oleochemicals like palm or coconut oil. These substances, which can be found in a variety of personal care products as well as paints and coatings, have outstanding dispersion and emulsification properties.
In the near future, it is projected that the North American market would experience significant expansion. This is due, mostly in the United States, to the growing use of Silicone Surfactants in the personal care, paints & coatings, textile, and construction industries. The development of new products and the presence of industry in the nation make it a profitable market.