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The global dimethicone market is being driven by its growing demand in the cosmetics and personal care industry, particularly for the production of skincare and haircare products. As dimethicone possesses excellent emulsification and anti-foaming properties, it is widely used in hair care products such as shampoos and conditioners, which accounts for almost half of its annual demand. The Asia Pacific is the leading market in the global dimethicone industry, followed by Europe and North America. While in developed nations like the US, the market is being driven by the high demand for prestigious and premium products, in the developing economies like India and China, the growth can be attributed to the rising disposable incomes leading to the increased demand for personal care products.
As dimethicone is a silicone-based polymer, the increased production of silicones, which is further used in diversified applications such as silicones for cosmetics, is providing a further impetus to the market growth. In August 2017, Shin-Etsu Chemical Co., Ltd. (OTCMKTS: SHECY), a key player in the industry, announced its expansion of the silicones production capacity at its group company, Shin-Etsu Silicones of America’s (SESA) Akron plant in the US, which is expected to be completed by 2020. With the investment of approximately ¥2.4 billion, the company aims to expand its silicones business and produce diversified silicone products, which will further aid the dimethicone industry globally.
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The major players in the global dimethicone market 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, and ICM Products, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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