Press release
Silicone in Personal Care Market Opportunities Amid Rising Consumer Awareness and Disposable Income
Silicone in Personal Care Market
According to the latest research by InsightAce Analytic, the Global Silicone in Personal Care Market is valued at US$ 3.11 Bn in 2023, and it is expected to reach US$ 5.15 Bn by 2031, with a CAGR of 6.7% during the forecast period of 2024-2031.
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Silicone serves as a critical ingredient in the personal care industry, extensively incorporated in cosmetic and skincare formulations due to its capacity to enhance product texture, enable smooth application, and improve overall performance. By forming a protective barrier on the skin and hair, silicones help defend against environmental stressors, support moisture retention, and provide a silky, smooth tactile experience.
The market demand for silicone in personal care applications is projected to grow significantly, driven by rising consumer awareness of personal hygiene, increasing disposable incomes, and the expanding influence of social media on beauty and skincare trends. Growth is further supported by the rapid expansion of the cosmetics and nutraceutical sectors, which is fostering demand for innovative, high-performance products formulated with silicone-based ingredients.
Emerging economies are experiencing increasing purchasing power, contributing to greater consumer spending on premium skincare and cosmetic products. Strategic digital marketing and social media campaigns have played a pivotal role in enhancing awareness of the benefits of silicone-enhanced formulations.
In addition to improving texture and application, silicones enhance product stability by providing resistance to environmental factors such as humidity and temperature fluctuations. Combined with ongoing advancements in formulation technologies and product innovation, these attributes are expected to drive sustained long-term growth in the silicone personal care market.
List of Prominent Players in the Silicone in Personal Care Market:
• Wacker Chemie AG
• Elkem ASA
• CHT Germany GmbH
• Shin-Etsu Chemical, Co., Ltd.
• Momentive Performance Materials Inc.
• Dow, Inc.
• BRB International B.V.
• DyStar Singapore Pte Ltd
• Mitsubishi Shoji Chemical Corporation
• Chemsil Silicones, Inc.
• PHOENIX CHEMICAL, INC.
• Jiangxi New Jiayi New Materials Co., Ltd.
• Thor Personal Care
• AB Specialty Silicones
• Siltech Corporation
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Market Dynamics: Silicone in Personal Care
Drivers:
The silicone personal care market is experiencing robust growth, primarily driven by increasing consumer awareness of the functional and sensory benefits offered by silicone-based products. Its versatile properties have facilitated widespread adoption across sunscreens, lotions, haircare, and cosmetics, particularly among consumers with higher disposable incomes who seek premium solutions that deliver enhanced performance and tactile experience. Additionally, continuous advancements in formulation technologies have further stimulated demand by improving product texture, stability, and overall efficacy, positioning the market for substantial expansion.
Challenges:
Despite strong growth prospects, the market faces several challenges. Environmental concerns regarding the persistence and potential bioaccumulation of certain silicone compounds have prompted regulatory scrutiny, resulting in restrictions on specific ingredients that may limit market growth. Furthermore, evolving consumer preferences favoring organic, natural, and clean-label personal care products have led some consumers to avoid silicone-based formulations, which could moderate overall market adoption.
Regional Trends:
North America is expected to retain a leading position in the silicone personal care market, supported by the growing millennial population, increasing disposable incomes, and heightened demand for skincare, haircare, and cosmetic products. Strong aesthetic awareness and a preference for premium personal care solutions further reinforce regional market momentum.
Europe also holds a significant market share, driven by a thriving cosmetics sector, rapid urbanization, and strong demand for high-end beauty products. Innovation-focused industries and consumer preference for branded personal care offerings underpin the region's prominent market position. Collectively, these factors are anticipated to sustain growth across both North America and Europe.
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Recent Developments:
• In January 2024, CHT silicone experts will be showcasing a range of products at the world's leading personal care ingredients convention in Paris. These include a hair care solution made of recycled silicone and a new skincare additive with excellent film-forming and long-lasting effects for color cosmetics.
• ·In February 2024, Wacker Chemie AG is restructuring its European production operations in preparation for future growth in its silicone specialty business. Karlovy Vary, in the Czech Republic, is set to become a new silicone production facility. Megatrends requiring silicones from WACKER, such as electromobility and renewable energies, are the primary motivators for this expansion plan. The anticipated start of production is towards the year 2025's close.
Segmentation of Silicone in Personal Care Market
Silicone in Personal Care Market- By Product
• Fluids
• Resins
• Blends
• Cross polymers
• Others
Silicone in Personal Care Market- By Application
• Skincare Products
• Haircare Products
• Cosmetics
• Antiperspirants & Deodorants
• Others
Silicone in Personal Care Market- By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/silicone-in-personal-care-market/2512
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com
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