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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