Dimethyl Silicone Market is projected to reach a value of $12.45 billion by 2030

According to the report published by Virtue Market Research, the Global Dimethyl Silicone Market was valued at $5.46 billion in 2022 and is projected to reach a market capitalization of $12.45 billion by 2030. Over the forecast period of 2023-2030, the market is anticipated to grow at a CAGR of 10.85% owing to increase demand in Personal Care, Food, and Beverage industry.

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Dimethyl silicone is often used in personal care and cosmetic products as a defoaming agent, moisturiser, and hair and skin conditioner. As personal cleanliness and beauty consciousness has increased, so has the demand for dimethyl silicone. Personal care and cosmetics, food, and beverage, and electronics are some of the quickest-growing end-user industries for dimethyl silicone, particularly in emerging regions. As these sectors continue to expand and flourish, demand for dimethyl silicone is likely to rise.

To prevent foam formation and increase processing effectiveness, dimethyl silicone is also employed in the food and beverage sector as an antifoaming and defoaming agent. The demand for dimethyl silicone is rising along with the demand for processed foods and drinks. Environmentally friendly and biodegradable items are in high demand as consumers become increasingly concerned about the environment. Dimethyl silicone alternatives like bio-based silicones and natural oils are now more popular due to this trend. Increasing amounts of money are being spent on R&D by manufacturers to create environmentally acceptable substitutes for dimethyl silicone that have comparable qualities. Manufacturers have a sizable potential to create new and enhanced goods because of the dimethyl silicone industry's ongoing technological advances and improvements. Manufacturers may increase the effectiveness and performance of their goods, increasing their competitiveness in the market, by investing in research and development. This may further raise their market share and open up new revenue opportunities. Also, the market for dimethyl silicone has been significantly impacted by the COVID-19 pandemic. Dimethyl silicone demand decreased as a result of the pandemic as end-use sectors including personal care and cosmetics, food and beverage, and electronics experienced production and supply chain interruptions. However, as the economy progressively recovers from the pandemic and the need for electronics, food, drink, personal care, and cosmetics keeps rising, the demand for dimethyl silicone is anticipated to rise as well. In some end-use sectors, the pandemic's heightened emphasis on cleanliness and sanitation may also enhance demand for dimethyl silicone.

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Segmentation Analysis:
The Global Dimethyl Silicone Market segmentation includes:
By Product:
• Fluids
• Resins
• Gels
• Others

The demand for dimethyl silicone fluids is estimated to grow rapidly in the forecast period. Dimethyl silicone fluids are clear, odourless, and colourless liquids that have a low viscosity and good stability. They are widely used in personal care and cosmetic products, such as hair and skin conditioners, due to their moisturizing properties. They are also used as antifoaming agents in the food and beverage industry to control foam formation and improve processing efficiency. Therefore, the fluid segment is predicted to be the highest shareholding segment due to its wide-scale applications across several sectors. Dimethyl silicone gels are thicker and more viscous than fluids and they are used as gelling agents in the formulation of personal care and cosmetic products, providing a smooth and creamy texture to products. They also hold a sizeable portion of the total sales revenue and are estimated to grow significantly during the forecasted years, majorly due to the versatility that they provide. Dimethyl silicone resins are high molecular weight polymers that are used in a variety of applications, such as adhesives, coatings, and electrical insulation. They have excellent thermal stability, electrical insulation, and hydrophobic properties, making them ideal for use in various industrial applications. With the growing demand for adhesives and coatings with the increasing care and maintenance sector, the demand for these resins is also likely to rise during the outlook period.

By End User:
• Electronics
• Construction
• Transportation
• Others

Dimethyl silicone is widely used in the electronics industry due to its excellent electrical insulation properties, high thermal stability, and low toxicity. It is used in various electronic applications, such as coatings for circuit boards and electrical insulation for wires and cables. Dimethyl silicone is used in the transportation industry as a lubricant and anti-foaming agent and holds a significant share of the global market for dimethyl silicone. It is used in a variety of applications, such as engine oils, gear oils, and hydraulic fluids, to improve performance and extend the life of mechanical components. Dimethyl silicone is used in the construction industry as a sealant and adhesive. It is used to seal joints and gaps in building structures to prevent air and water infiltration. It is also used as a moisture-curing adhesive for a variety of construction materials, such as glass, metal, and ceramics. With the continuous focus on infrastructure building and new developmental projects being introduced, the construction sector holds dominance in the market shares for dimethyl silicones.

Regional Analysis:
Dimethyl silicone is anticipated to have the quickest market growth in the Asia Pacific region owing to the expanding construction sector there due to rapid urbanization. With the rising demand for electronic goods and the expanding economies in nations like China, India, and South Korea, the Asia Pacific region is one of the dimethyl silicone market fastest growing regions. Due to the region growing industrialization and urbanisation, it is anticipated that the need for dimethyl silicone would increase. Dimethyl silicone also has a significant market in North America, which is fuelled by the region's abundance of end-use sectors including electronics, transportation, and construction. The largest market in North America is the United States, followed by Canada. Due to the rising demand for electronic devices and the expanding usage of silicone-based products in numerous industrial applications, nations like Germany, the UK, and France are likely to see an increase in their demand for dimethyl silicone.

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Latest Industry Developments:

• In July 2020, Dow Silicones, a subsidiary of Dow Inc., announced the expansion of its silicone production capacity globally. The expansion was aimed at meeting the growing demand for dimethyl silicone
• In February 2022, Shin-Etsu announced a €600m silicone expansion project. The new facility investment is likely to increase the production capacity.
• In April 2020, Momentive, a US-based maker of silicone products, was acquired by KCC Corporation. By purchasing Momentive, KCC created a high-value-added firm with silicone as a substantial component of its core business.

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Virtue Market Research is a strategic management firm helping companies to tackle most of their strategic issues and make informed decisions for their future growth. We offer syndicated reports and consulting services. Our reports are designed to provide insights on the constant flux in the global demand-supply gap of markets.

This release was published on openPR.