Vietnam Silicone Additives Market, By Function, By Application, By Region, Competition Forecast & Opportunities, 2017-2027

Vietnam silicone additives market is expected to grow at a formidable rate during the forecast period. The market growth can be attributed to the growing need for high-quality silicone additives across various sectors, including paints and coatings, food & beverages, and pulp and paper industries. The high popularity of silicone additives for imparting special properties to coatings and inks like mar resistance, improved slip, foam control, etc., and ongoing research and developments to expand the future scope of silicone additives are boosting the growth of the Vietnam silicone additives market in the coming years. Silicone additives are increasingly used in shampoos, conditioners, foundations, creams, and several other beauty products for more spreadability and comfort on the skin. Thus, expanding application of silicone additives in the beauty and hair care industries is expected to propel the growth of the Vietnam silicone additives market. The growing need for high-quality silicone in the manufacturing of plastics & composites for electronics, appliances, medical equipment, etc., for their beneficial properties, is adding to the growth of the Vietnam silicone additives market in the forecast period. Moreover, the implementation and formulation of various government regulations regarding the application of silicone additives in various industries is expected to fuel the growth of the Vietnam silicone additives market in the coming years.

Vietnam silicone additives market is segmented based on function, application, company, and region. Based on the application, the market is further divided into plastics & composites, paints & coatings, paper & pulp, personal & healthcare, food & beverages, chemical manufacturing and oil & gas, agriculture, construction and textile, and others. The plastics & composites segment is expected to dominate the Vietnam silicone additives market due to their increased applications to reduce the weight of the components utilized in the automotive, aerospace, and energy sector.

Leading players in the Vietnam silicone additives market are Dow Corning, Evonik, Shin-Etsu, Momentive Performance Materials, BYK Additives Elkem, Accredo Asia Co, Ltd, Megaway Group, Plastic Chemicals Joint Stock Company, Binh Minh Packaging Joint Stock Company, Semitech Materials Co Ltd, Trung Dong Corporation, Thein Long Group, Trang Tin Packaging Producing Joint Stock Company, etc.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F-2027F

Objective of the Study:

• To analyze and forecast market size of the Vietnam silicone additives market, in terms of value & volume.
• To define, classify and forecast the Vietnam Silicone Additives market on the basis of function, application & region.
• To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of function by segmenting Vietnam silicone additives market into, types namely, defoamers, wetting & dispersing agents, rheology modifiers, surfactants, lubricating agents & others.
• To identify tailwinds and headwinds for the Vietnam silicone additives market.
• To examine competitive developments such as expansions, new product launches, supply contracts, and mergers & acquisitions in the Vietnam silicone additives market.
• To strategically profile the leading players, which are providing silicone additives in Vietnam.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of silicone additives manufacturers in Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include manufacturers that could not be identified due to the limitations of secondary research. TechSci Research analysed function, application and regional presence of all major silicone additives manufacturers across the country.

TechSci Research calculated the market size of the Vietnam silicone additives market using a bottom-up approach, where manufacturers' value sales data for different applications of (plastics & composites, paint & coating, paper & pulp, personal & healthcare, food & beverages, chemical manufacturing and oil & gas, agriculture, construction and textile), silicone additives was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective providers to arrive at the overall market size. Various secondary sources such as all Vietnam silicone additives manufacturers, suppliers, associations, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

Key Target Audience:

• Vietnam silicone additives manufacturers
• Research organizations and consulting companies
• Associations, organizations and alliances related to silicone additives
• Government bodies such as regulating authorities and policy makers
• Industry associations
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as silicone additives manufacturers and policy makers, which market segments should be targeted over the coming years (next five years) in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, Vietnam silicone additives market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Silicone Additives Market, By Function:
• Defoamers
• Wetting & Dispersing Agents
• Rheology Modifiers
• Surfactants
• Lubricating Agents
• Others
• Vietnam Silicone Additives Market, By Application:
• Plastics & Composites
• Paints & Coatings
• Paper & Pulp
• Personal & Healthcare
• Food & Beverages
• Chemical Manufacturing and Oil & Gas
• Agriculture
• Construction
• Textile
• Vietnam Silicone Additives Market, By Region:
• South Vietnam
• North Vietnam
• Central Vietnam

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players

Company Profiles: Detailed analysis of the major companies present in the Vietnam silicone additives market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company's specific needs. The following customization options are available for the report:

Channel Partner Analysis

• Detailed list of manufacturers and suppliers across the country.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Product Information

• Detailed analysis of new products in the market.