Press release
Silicone in Personal Care Market Scenario and Long-Range Forecast 2026 to 2035
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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Silicones are a class of synthetic compounds extensively used in cosmetics and personal care products due to their ability to enhance product texture, spreadability, and overall performance. These ingredients provide a silky, smooth feel, aid in moisture retention, and create a protective barrier against environmental stressors for both skin and hair. The demand for silicones in the personal care sector is expected to increase, driven by growing awareness of personal hygiene, rising disposable incomes across key regions, and the influence of social media on consumer preferences.
Market growth is further supported by the rapid expansion of the cosmetics and nutraceutical industries, coupled with heightened consumer focus on skincare and wellness. Additionally, silicones improve formulation stability, ensuring resilience under varying environmental conditions and facilitating uniform product application.
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
Market Dynamics:
Drivers:
The growing demand for silicones in the personal care sector is primarily driven by increasing consumer awareness of their benefits for skin, hair, and overall personal grooming. Silicones' multifunctional properties have led to their widespread use in a variety of products, including sunscreens, moisturizers, and hair care formulations. Rising disposable incomes, particularly in emerging markets, have also contributed to a shift toward premium personal care products, further supporting market growth.
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Challenges:
Despite strong growth prospects, the silicone market in personal care faces notable challenges. Environmental concerns regarding the persistence and potential bioaccumulation of certain silicone compounds have raised sustainability issues. These concerns, combined with increasing regulatory scrutiny, have resulted in restrictions on the use of specific silicone ingredients in personal care formulations.
Regional Trends:
North America is projected to hold a significant share of the global silicone in personal care market, with robust growth expected over the coming years. This expansion is driven by rising demand among the millennial demographic, heightened interest in skincare, cosmetics, and hair care, and increasing disposable incomes coupled with growing aesthetic awareness.
Europe also maintains a substantial market presence, supported by a thriving cosmetics industry, greater consumer preference for branded and innovative products, rapid urbanization, and ongoing technological advancements in the beauty and personal care sector. These regional factors are expected to continue driving the adoption of silicones in personal care applications globally.
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.
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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
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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 a 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.https://www.insightaceanalytic.com/images_data/148861653.
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