CAGR: 1.4%Current Market Size: USD 333 BillionFastest Growing Region: Europe
Largest Market: APACProjection Time: 2023-2030Base Year: 2022
The global silicone textile softeners market is expected to grow from USD 333 billion in 2022 to USD 372 billion thousand by 2030, at a CAGR of 1.4% during the Projection period 2023-2030. Growing demand for clothing combined with rising per capita income and population growth are some of the factors driving the silicone textile softeners market.
The textile business has transformed because of silicone technology. High-purity silicone-based compounds known as silicone textile softeners are frequently used to pre-treat fabrics. In the form of fluids, emulsions, oils, and antifoams, silicone textile softeners are among the more popular textile softeners. The significant change in customer preference toward international textile brands is one of the key factors anticipated to fuel the growth of the silicone textile softeners market during the Projection period. Furthermore, it is anticipated that the market for silicone textile softeners will grow due to rising research and development capabilities on green or bio-based chemicals made from renewable resources, rising adoption of green chemicals, and growth and expansion of different end-user verticals like the chemicals and materials industry, particularly in developing economies. The manufacturing of automotive fabrics including seat cloth, headliners, and seat belts is also expanding, which will likely present further chances for the market for silicone textile softeners. Over the Projection period, industry growth is anticipated to be driven by the rising demand for silicone across a range of end-user sectors, including personal care, consumer goods, industrial processes, and construction. Due to the market maturity of the manufacturing industries in general and the use of silicones, the U.S. market is predicted to perform moderately. However, it is anticipated that ongoing technological advancements and constant product innovation will encourage the use of silicone in developing areas, including health and personal care and electric vehicles (EVs).
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Market Dynamics:
Drivers:
Growing demand for clothing combined with rising per capita income and population growth are some of the factors driving the silicone textile softeners market. In addition, thanks to improvements in pre-treatment chemicals and specialty finishing chemicals, the market for silicone textile softeners has seen a large increase. As a way to distinguish their products from one another, numerous detergent manufacturers have been seen to add silicone textile softeners to their detergent. By removing the need to purchase fabric softeners and detergents separately, they are also saving customers extra expenses. During the Projection period, this is anticipated to increase demand for silicone textile softeners globally.
Restraints:
The growth of the industry is anticipated to be hampered by silicone price increases. For instance, Shin-Etsu Chemical Co., Ltd. announced in April 2022 a 10% increase in the price of silicone products, one of the company's primary business divisions both internationally and in Japan. Wacker Chemie AG also disclosed a price increase for its silicone product line in March 2021. The various corona pandemic measures and additional expenses for support-, packaging-, and raw materials made the price increase, which ranges from 10 to 20%, necessary.
Opportunities:
The need for silicone textile softeners is also on the rise due to the increased popularity of long-lasting softeners, as well as the rise in scented product demand and general population disposable income in developing nations like China and India. Because they combine so well during the washing machine's rinse cycle, liquid silicone textile softeners are the most popular variety by material. Over the course of the Projection period, the aforementioned elements are anticipated to support the silicone textile softeners market globally.
Challenges:
Since silicones reject water, they are useless as towel softeners. The cost of silicones is higher than that of fatty softeners. The absence of raw materials as a result of the shutdown and changes in their costs, however, may soon hinder the expansion of the silicone textile softeners business further.
Segmentation Analysis:
The global silicone textile softeners market has been segmented based on type, application, and region.
By Type
The type segment is amino textile softeners, multiple block textile softeners, and others. The amino silicone softener segment led the largest share of the silicone textile softeners market with a market share of around 39.2% in 2022. Amino Silicone Softener is used to smooth out and soften the texture of fibers and fabrics. To give the materials a soft feel, these softeners are made of the highest-grade softening chemicals. The fabric mixes are pleasant to handle and white with no yellowing thanks to the softeners.
By Application
The application segment is in-fabric and others. In-fabric led the largest share of the silicone textile softeners market with a market share of around 69.8% in 2022. Fabrics can be made soft, hygroscopic, antistatic, and easy to clean with the help of silicone softeners. They are frequently utilized in the finishing of textiles made with chemical fibers and blended materials.
Global Silicone Textile Softeners Market - Sales Analysis.
The sale of silicone textile softeners market type and application expanded at a CAGR of 0.49% from 2016 to 2022.
The most frequent chemical used in textile processes like dyeing and finishing is silicone. To improve the softness of clothes, silicone textile softeners are typically employed. The tear strength, fiber mobility, fabric abrasion resistance, static protection, and soil resistance of fabrics are all improved by silicon textile softeners. By lowering fiber cohesion, pilling, flammability, and sewing thread breakage, they also lower the tensile strength of yarn and fabric. The qualities of cloth are improved by silicone softeners, including the addition of a silky soft touch, improved crease recovery, increased lubricity, etc. Although silicone softeners are more expensive than some other softeners, they have great longevity and temperature stability. To fit the customer's impression, they make materials softer.
Some of the drivers propelling the silicone textile softeners market are rising per capita income, population growth, and rising clothing demand. In addition, the market for silicone textile softeners has grown significantly as a result of advancements in pre-treatment chemicals and specialty finishing chemicals. Many detergent producers have been observed adding silicone textile softeners to their detergent to differentiate their products from one another. They also save clients extra money by reducing the need to buy fabric softeners and detergents separately. This is expected to boost demand for silicone textile softeners globally over the course of the Projection period.
Thus, owing to the aforementioned factors, the global silicone textile softeners market is expected to grow at a CAGR of 1.4% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the silicone textile softeners market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the silicone textile softeners market and held a 38% share of the market revenue in 2022.
Global Silicone Textile Softeners Market - Country Analysis:
Germany's silicone textile softeners market size was valued at USD 0.84 billion in 2022 and is expected to reach USD 0.89 billion by 2030, at a CAGR of 0.8% from 2023 to 2030. Due to factors like inexpensive labor, simple access to raw materials, and increased market penetration potential in the construction, electronics, transportation, personal care, energy, and healthcare sectors, the region's silicone output will increase.
China’s silicone textile softeners market size was valued at USD 1.76 billion in 2022 and is expected to reach USD 1.96 billion by 2030, at a CAGR of 1.4% from 2023 to 2030. China is one of the largest maritime nations in the world, with a coastline spanning more than 14,000 km and numerous sizable ports. The nation is home to several sizable shipbuilding corporations, including China State Shipbuilding Corporation (CSSC), China Shipbuilding Industry Corporation (CSIC), Sinotrans, COSCO shipping, and CMHI, to mention a few. Silicone is in demand because Chinese shipyards construct a wide range of ships, including bulk carriers, container ships, oil tankers, military vessels, passenger ships, luxury vessels, and others.
India's silicone textile softeners market size was valued at USD 1.26 billion in 2022 and is expected to reach USD 1.36 billion by 2030, at a CAGR of 1% from 2023 to 2030. Due to the swift industrialization, mainly in the advancing states of the country propels the market’s growth.
Key Industry Players Analysis:
To increase their market position in the global silicone textile softeners market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
1.4% |
Market Size |
333 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Type, By Application, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Wacker, Momentive, Shin-Etsu, Piedmont Chemical Industries, CHT/BENZEMA, Nicca, Fineotex, Americos Nanosoft, Dow Corning, Dymatic, Yincheng, Transfar, Chuyijia, Huihong, Tianyuan, Kelin, Bengbu Xicheng Organic Silicon, Skycentchem, Chuangyue, and Blue Star. |
By Type |
|
By Application |
|
Regional scope |
|
Scope of the Report
Global Silicone Textile Softeners Market By Type:
Global Silicone Textile Softeners Market By Application:
Global Silicone Textile Softeners Market By Region:
Global silicone textile softeners market is expected to reach USD 372 billion by 2030, at a CAGR of 1.4% from 2023 to 2030.
The silicone textile softeners market is projected to have a CAGR of 1.4%.
Growing demand for clothing combined with rising per capita income and population growth are some of the factors driving the silicone textile softeners market. In addition, thanks to improvements in pre-treatment chemicals and specialty finishing chemicals, the market for silicone textile softeners has seen a large increase.
Leading market players active in the global silicone textile softeners market are Mitsubishi Chemical Corporation, Shin-Etsu Chemical Co., Ltd., Huntsman International LLC, Wacker Chemie AG, Momentive, Evonik Industries AG, Elkem ASA, NICCA U.S.A. Inc., Piedmont Chemical Industries, CHT Germany GmbH, Weifang Ruiguang Chemical Co., Ltd., chem group, Dow, and Nouryon among other.
Political Factors- Government and political institutions and authorities must keep an eye on industrial rivalry. This will guarantee that businesses are employing ethical business practices and strategies for their items. The government can monitor, limit, and regulate imports with the use of competition regulation, which will support the development and growth of regional firms. The preservation of the rights and interests of the relevant stakeholders and the protection of all groups and stakeholders depends on competition regulation.
Economic Factors- For markets like silicon textile softeners market Conduct to prosper, the economy needs a modest rate of inflation. A modest rate of inflation will also aid in corporate expansion and positively influence consumer confidence and spending patterns. As a result, the economy will grow and more money will be available to spend overall. A greater inflation rate would result in less discretionary income, which might affect enterprises and companies and lower consumer confidence by reducing overall expansion.
Social Factors- Younger demographics are advantageous for the silicon textile softeners market since they will give the company access to a broader customer base. Additionally, a younger population will provide the talent pool with more competent and educated individuals, expanding its breadth and depth. silicon textile softeners market As its existing customers and supporters, the moderate to the upper middle class is likewise crucial to the silicon textile softeners market. This group promotes the silicon textile softeners market and implores the younger generation to do the same.
Technological Factors- The nation, as well as all consumer markets, have significant internet penetration rates. Most of the population owns a smartphone for internet access, and most have access to desktops and laptops as well. Due to the strong penetration of the internet, it is used for both personal and professional tasks. A population that is progressive and well-educated is shown by the higher internet penetration, which is advantageous for the silicon textile softeners market. The high internet penetration has also been used by the silicon textile softeners market to contact consumers and for marketing and promotional initiatives so that it may engage with them directly and get their input.
Environmental Factors- Recycling and environmental sustainability are receiving more attention. More and more consumers are demanding ways to recycle things before disposing of them. Consumption of recycled goods is also on the rise among consumers. Sites designed explicitly for dumping recyclable goods have been created by the silicon textile softeners market. Like many other businesses, the silicon textile softeners market is also launching a new product line of recycled goods for consumers to enjoy.
Legal Factors- Regarding the health and safety of employees at work, there are stringent rules. Respected associations and institutions conduct routine audits of businesses to determine whether safety nets, drills, and other preventative measures are being implemented. The safety and health of employees include not only their physical health but also their emotional and mental health. silicon textile softeners market has given the health and safety of its employees a high priority and works tirelessly to make improvements.
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