The ‘Global Dimethicone Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global dimethicone market growth, assessing the market on the basis of its segments like applications and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Dimethicone Market Share, Size, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 3%
The global market for dimethicone is anticipated to develop as a result of consumers’ growing preference for effective personal care products. Synthetic personal care ingredient makers successfully include quality chemicals while meeting consumer desire for high-performance products. Major dimethicone producers are combining dimethicones to improve the quality of personal care products, leading to a variety of creative combinations.
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In hair products like shampoos and conditioners, which account for roughly half of the dimethicone demand each year, dimethicone offers strong emulsifying and anti-foaming capabilities that are helping the market expand. Additionally, the number of shampoo and conditioner product launches has increased recently, indicating a rise in the use of hair care products, which is further anticipated to drive the dimethicone market.
Skin care is another significant application area for dimethicone. The excellent skin-healing and moisturising abilities of lotions, cream-based cosmetics, and moisturisers are primarily fuelling the demand for skin care products. Dimethicone use in antiperspirants, deodorants, and medicinal products for the treatment of gastrointestinal and dermatological conditions are some of its other applications. The demand to keep up with the newest fashion trends, such as perming, hair colouring, and the usage of BB/CC creams, combined with an increase in disposable income is anticipated to fuel the expansion of the dimethicone market.
Dimethicone Industry Definition and Major Segments
Dimethicone is a silicone-based component that is used in a lot of personal care products. It prevents the separation of a product’s constituents and imparts a velvety, smooth texture to products, due to which it is popularly used in hair care and skin care items. Dimethicone is noncomedogenic, which means it won’t doesn’t cause pore blockage.
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Based on application, the market is divided into:
- Hair Care
- Skin Care
On the basis of region, the market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Dimethicone Market Trends
The market for dimethicones is also progressing due to the growing experimentation with novel and customised personal care products. The growing popularity of expensive and branded personal care products is giving the dimethicone sector a boost. Multipurpose skin care products that provide moisturising and cosmetic benefits are boosting the dimethicone market.
Significant and fast development of the skincare and hair care industries have made Asia Pacific a major regional market for dimethicones, followed by Europe and North America. Compared to Asia Pacific, where the need for specialised and innovative skin and hair care products is growing, the personal care market is more developed in Europe and North America. Latin America is also anticipated to boost the need for dimethicone market in the upcoming years due to the region’s excellent expansion in the personal care sector.
The trade market is substantially influenced by North America and Western Europe since they export a significant share of dimethicone to Latin America and Asia Pacific nations like China and India. Despite having a significant supply of dimethicone, the Asia Pacific region is a net importer of dimethicones because it buys higher grades of the product from other nations.
Key Market Players
The major players in the global dimethicone market report are:
- The Dow Chemical Company
- Momentive Performance, Inc.
- Wacker Chemie AG
- Shin-Etsu Chemical Co., Ltd.
- China National Bluestar Co, Ltd.
- Ashland Global Holdings Inc.
- AB Specialty Silicones
- KCC Basildon
- NuSil Technology LLC
- ICM Products, Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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