Silicone Additives Market Growth by Industry Size, Share, Revenue and Forecast Up to 2023
Silicone Additives Market – Overview Silicone Additives are widely used in some of the end use application such as food & beverage, personal & homecare, paints & coatings, construction, plastic & composites, paper & pulp, and others. The silicone additives market is estimated to witness significant growth due to their unique properties along with excellent usage in numerous end use industries specifically in cosmetics & personal care, construction, and automotive. Among the application segment, in 2016, plastic & composites holds for the largest application segment and is projected to retain their dominance due to continuous growth of paints & coatings, and food & beverage industry in emerging economies. The factors attributed to the silicone additives market growth are significant growth of personal & homecare in developing countries, increasing automotive production and sales, and expanding construction sector. Moreover, expanding population coupled with burgeoning