Silicone Masterbatches Market

Europe Silicone Masterbatches Market Outlook 2031

• The Europe Silicone Masterbatches Market was valued at US$ 218.9 Mn in 2020
• It is estimated to expand at a CAGR of 6.3% from 2021 to 2031
• The Europe Silicone Masterbatches Market is expected to reach the value of US$ 427.5 Mn by the end of 2031

Analysts’ Viewpoint on Europe Silicone Masterbatches Market

The increasing applications of silicone in energy products such as wire & cables, and transportation products, including auto interior PP parts, and packaging products such as BOPP films is driving the Europe market. Silicone masterbatches are widely used in coatings, paints, and inks due to its several beneficial properties such as high slip, mar resistance, etc. The rapidly growing automotive, consumer electronics, construction, and packaging industries is creating potential growth opportunities for the manufacturers in the Europe silicone masterbatches market. Economic growth and increasing need of stable power supply are estimated to boost use in wire and cables in Europe. This, in turn, is projected to boost the silicone masterbatches market in the region. However, the high price of silicone masterbatches is a major factor expected to hamper the expansion of the Europe market during the forecast period.

Increasing Applications of Silicone Masterbatches to Drive Europe Market

Growth and advancement in the automobile industry in Europe can be attributed to the rising demand for silicone masterbatches in the region. Applications of silicone masterbatches in wire and cables, auto interior parts, BOPP films, and PC/ABS parts are driving the demand, which, in turn, is boosting the market growth during the forecast period. Silicone masterbatches are widely used in many end-use industries, owing to their beneficial properties such as high slip, mar resistance, and protect the surface of polymers. The increase in demand for flame retardant wires and cables is also fueling the demand for silicon masterbatches. These wires and cables are utilized in telecommunication, consumer electronics, and automotive industries.

The rise in sales of home appliances in developing countries is creating value-grab opportunities for market players, as silicone masterbatches are popularly used in home appliances due to their mechanical properties. They can be used as surfactants, wetting, and lubricating agents. Rise in applications in pulp & paper and personal care industries is accelerating the market growth.

Silicone masterbatches can also be used as additives in the packaging industry, as they offer stability and durability by reducing the co-efficient of friction. Packaging of food & beverages and packaging of pharmaceuticals are some of the applications of silicon masterbatches.

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Mandatory Emission Control Regulation by Governments to Boost Market Growth

Increasing focus of governments in Europe to reduce carbon emission in order to reduce the hazardous impact of greenhouse gas emission is driving the Europe silicone masterbatches market. There is a rapid growth in sales of automotive vehicles in Europe. There are strict guidelines for light duty vehicles and trucks in order to meet certain emission standards. Thus, automobile manufacturers are focusing on using lightweight materials for internal parts of a vehicle. There is a rise in sales of lightweight and sustainable automotive vehicles to reduce the carbon emission. In addition, mandatory emission control by governments is a major driver for the rising popularity and adoption of lightweight vehicles. Silicone masterbatches offer fire resistance, high strength, and low coefficient of friction. Economic growth and growing need of constant power supply are estimated to boost the Europe silicone masterbatches market.

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Increasing Demand due to Unique Properties of Silicone Masterbatches

Industries such as construction, automotive, packaging, and electrical & electronics are major applications of silicone masterbatches. Silicone masterbatches can be used as additives in synthetic polymers. Synthetic polymers are used in packaging, consumer electronics, automotive, construction industries, and furniture, toys, etc., as they provide improved surface esthetics, improved scratch resistance, reduced cycle time, high strength, and low coefficient of friction. Silicone masterbatches are also used in PC/ABS parts, which are specifically used in automotive and electronics industries to enhance scratch resistance, surface quality, fire resistance, surface gloss, etc.

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Development of Silicone Masterbatches Offers Lucrative Opportunities to Market Players

Germany is expected to account for a major share of the Europe silicone masterbatches market in the upcoming years, due to rise in usage of fireproof wires, automotive parts, and packaging products such as BOPP films. Silicone masterbatches are used to manufacture BOPP films which are popularly used in the packaging industry. It is a multilayer film that relates to a three-layer structure, and protect the packaged food items from environment-influencing conditions and physical damage. Silicone additives can be used in packaging in order to maintain the quality of food as per predetermined standards. Silicone masterbatches are also utilized as additives in paints & coating, chemical & petroleum, agriculture, pulp & paper, and health care industries. The rise in investments in research & development activities is also contributing to the market growth.

Europe Silicone Masterbatches Market: Overview

• According to Transparency Market Research’s latest report on the silicone masterbatches market for the Europe region for the base year of 2020 and the forecast period of 2021 to 2031, rise in demand for silicone masterbatches in wire & cables and expansion of the automobile industry are key factors boosting the silicone masterbatches market in Europe
• Silicone masterbatches are primarily employed in the manufacture of wires and cables, auto interior parts, BOPP films, and PC/ABS parts

Diverse Applications of Silicone Masterbatches: Key Driver of Europe Silicone Masterbatches Market

• Silicone masterbatches offer several beneficial properties such as high slip, mar resistance, and protect the surface of polymers. They are widely used in home appliances due to their mechanical properties. Silicone masterbatches are also used as surfactants, and wetting, defoaming, and lubricating agents. Pulp & paper and personal care products are also some of the applications of silicone masterbatches.
• Mandatory emission control by governments is a major driver for the adoption of lightweight designs in vehicles. Emission criteria varies from one region to another. In the U.S. and Canada, it is based on the value of the vehicle, and therefore, entails the incorporation of aluminum in the body of the vehicle. In Rest of the World, the criteria based on weight, which leads to the utilization of high-strength steel. Furthermore, emission legislation and related regulations are not being implemented around the world to the same degree, which results in an increased demand for AHSS.
• Rise in demand for flame retardant wires and cables is also a key driver of the silicone masterbatches market, as wires and cables are widely utilized in telecommunication, consumer electronics, and automotive industries. Silicone masterbatches are additives for the polymers used in wires and cables, as they provide excellent fire resistance, high strength, and low coefficient of friction. Economic growth and increasing demand for constant power supply are estimated to boost the silicone masterbatches market in Europe.
• Silicone masterbatches are used as additives in the packaging industry, as they reduce the co-efficient of friction, and provide stable and long-lasting performance of films. Therefore, they are used for packaging of food & beverages and medical products.

Major Drivers and Challenges of Europe Silicone Masterbatches Market

• Increase in demand for silicone masterbatches in construction, automotive, packaging, and electrical & electronics sectors is expected to be a major factor driving the Europe silicone masterbatches market. Synthetic polymers such as PVC, PE, PC, PP, and PU have been traditionally used in various applications, such as packaging, electronic components, automotive components, toys, furniture, and construction materials. Silicone masterbatches are employed as additives in synthetic polymers, as they provide improved surface esthetics, improved scratch/mar resistance, reduced cycle time, high strength, and low coefficient of friction.
• Silicone masterbatches are also used in PC/ABS parts. Polycarbonate/acrylonitrile butadiene styrene (PC/ABS) is an engineering thermoplastic created from a blend of PC and ABS. PC/ABS parts are widely used in automotive and electronics industries. Silicone masterbatches are added in PC/ABS blend in order to improve scratch resistance, surface quality, fire resistance, surface gloss; and provide better feel. They also retain the mechanical properties of the resin.
• PC/ABS plastic is widely used in the automotive industry for making glove boxes, overhead and middle consoles, knee bolsters, blow-molded seatbacks, etc. PC/ABS is also widely employed in consumer electronics, including TV frames, laptop monitor enclosures, phone exteriors, and parts of a wide variety of other portable hand-held devices.
• Several end-use industries such as electronics & telecommunication, packaging, wire & cable, and automotive are striving to manufacture end products with low production costs. Hence, price plays an important role in the silicone masterbatches market. High price of silicone masterbatches vis-à-vis its substitutes is projected to restrain the market in Europe during the forecast period.

Development of Silicone Masterbatches Offers Lucrative Opportunities for Europe Silicone Masterbatches Market

• Silicone masterbatches are also employed in the manufacture of BOPP Films. BOPP film is a multilayer film that relates to three-layer structures. It is widely used for packaging purposes. The primary function of packaging in the food & beverages industry is to protect the food inside the packet from environment-influencing conditions and physical damage; and provide consumers with ingredient and nutritional information. Packaging also helps maintain the quality of food as per the predetermined standards. Silicone additives improve the quality of packaging.
• Silicone masterbatches are also used for manufacturing wire and cables. Adding silicone masterbatch to the polymer helps provide improved surface esthetics and improved scratch/mar resistance to wires & cables. It also reduces cycle time and improves extrusion speed during the manufacture of wires and cables. Silicone masterbatches provide high fire resistance and low coefficient of friction. Wire and cables are widely utilized in telecommunication, consumer electronics, automotive, and other secondary LV applications. Increase in demand for efficient and affordable power supply along with the development in electronics and communication industry is estimated to further boost the demand for wire and cables in Europe during the forecast period.
• Silicone masterbatches are also utilized as additives in paints & coating, chemical & petroleum, agriculture, pulp & paper, and health care industries

Europe Silicone Masterbatches Market: Competition Landscape

• Detailed profiles of providers of silicone masterbatches have been included in the report to evaluate their financials, key product offerings, recent developments, and strategies
• Key players operating in the Europe silicone masterbatches market are
  • DuPont
  • Momentive Performance Materials
  • Wacker Chemie AG
  • Avient Corporation
  • SILCOLORS
  • AB Specialty Silicones
  • Silteq Ltd
  • Dow Corning
  • ACSIC Ingredients
  • Chengdu Silike Technology Co., Ltd.
• In the Europe silicone masterbatches market report, we have discussed individual strategies, followed by company profiles of providers of silicone masterbatches. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the Europe silicone masterbatches market.

Europe Silicone Masterbatches Market Snapshot

Europe Silicone Masterbatches Market – Segmentation

TMR’s research study assesses the silicone masterbatches market in Europe in terms of application, end-use industry, and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects for the silicone masterbatches market.