Silicone Additives Market - Opportunities, Size & Growth Projections
The global silicone additives market is projected to register a formidable growth rate during the forecast period. The market growth can be attributed to the increasing coating demand from consumer goods and growing construction activities. Besides, increasing number of green buildings across the globe and rising number of new entrants in the market are propelling the global silicone additives market growth. Additionally, increase in government expenditure on R&D activities to develop advanced products is also fuelling the demand for silicone additives over the next five years. Growing demand for better quality paints and coatings in the automobile industry and growing use of silicone additives in cosmetics and personal care are boosting the market growth. Market players in the food and beverage industry are also using silicone additives as anti-foaming agent and food-grade lubricant oil. Also, plastic industry players are using silicone additives as l...