The new report by Expert Market Research titled, ‘Global Dimethicone Market Price, Share, Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global dimethicone market, assessing the market based on its segments like application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): 247.2 Million Metric Tonnes
- Forecast CAGR (2023-2028): 3 %
- Forecast Market Size (2026): 295.2 Million Metric Tonnes
The growth of global dimethicone market is driven by the demand from personal care product market. The demand for hair and skin care products such as shampoos, conditioners, lotions, and hair creams are expected to propel the growth for the dimethicone market. The increasing demand for men care products will aid the growth. Additionally, the penetration of various brands and increasing disposable income in the emerging economies will propel the growth.
Moreover, owing to its anti-foaming properties dimethicone finds its application in pharmaceutical and food industry. The growing usage of contact lenses will further bolster the growth for dimethicone market in the forecast period due to its usage in contact lens cleaning fluids.
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Dimethicone Industry Definition and Major Segments
Dimethicone also known as dimethylpolysiloxane is an organosilicon compound also knowns as silicones. It is nontoxic, non-flammable, inert, and optically clear compound. It due to its properties such as antifoaming, lubricating, and caulking. It finds widespread application.
Based on application, the dimethicone market is segmented into:
- Hair care
- Skin Care
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Dimethicone Market Trends
Regionally, North America and Europe are the largest shareholder in the global dimethicones market. This can be attributed to the high demand for personal care products in the region. Meanwhile, Asia Pacific is expected to witness fastest growth due to growing demand for skin and hair care products, rapidly expanding personal care industry, inflating disposable incomes, and growing awareness for personal hygiene. Further, Latin America is also expected to see a significant growth owing to growing personal care product industry.
Key Market Players
The major players in the market are The Dow Chemical Company, Momentive Performance Material Inc., Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., China National Bluestar (Group) Co, Ltd., Ashland Global Holdings Inc, AB Specialty Silicones, KCC Basildon, NuSil Technology LLC, ICM Products Inc., and a few others. 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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