Growing Construction Sector to Aid Growth of India Silicone Additives Market
Growing construction sector along with rising
demand from personal care and paints & coating industries to increase
performance of end products to drive India silicone additives market through
2023
According to TechSci Research report, “India Silicone Additives Market
By Function, By End User, Competition, Forecast & Opportunities, 2013-2023’’, India silicone additives market is
forecast to reach $ 104 million by
2023, owing to increasing
consumer awareness regarding the quality and features offered by silicone
additives across various end use products and robust growth in the automobile
industry across India, which is fuelling demand for silicone additives as they
are majorly used in paint and coating of automobiles. Moreover, increasing
number of commercial spaces as well as residential units across the country, is
resulting in high demand for paints and coatings, which is also boosting demand
for silicone additives. Additionally, demand for silicones additives from
personal care industry is also increasing as they provide additional properties
in beauty products like soft and matte finish, smoothness, long-lasting formulations,
etc., which is anticipated to fuel growth in India silicone additives market
during forecast period.
Browse 43 market data Figures and Tables spread
through 86 Pages and an in-depth TOC on "India
Silicone Additives Market"
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By function type, silicone defoamers are
leading India silicone additives market due to their high demand across various
end use industries like pulp and paper, food and beverages, paints and coatings,
etc. Silicone defoamers remove unwanted foam produced during manufacturing and
processing, which makes them popular across different end use industries. Among
regions, Southern India generates the highest demand for silicone additives as a
large number of industries like paints and coatings, pulp and paper, etc., are
flourishing across the region, which are the major end users of silicone
additives.
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“Several leading silicone additives manufacturers
are undergoing mergers & acquisitions in their quest to expand their
presence across the country. For instance, in September 2017, Dow and Dupont
completed their successful merger to expand their product offerings. All such
market developments are anticipated to positively influence India silicone
additives market in the coming years. Moreover, growing inclination towards skin and hair care
products with increasing purchase power parity among middle class population
and rising number of construction projects for developing infrastructure are
further anticipated to boost demand for silicone additives across the country
in the coming years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India
Silicone Additives Market By Function, By End User, Competition, Forecast &
Opportunities, 2013-2023” has evaluated the future growth potential of silicone additives
market and provides statistics and information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers to take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India silicone additives market.
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