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Global Dimethicone Market to Grow at a CAGR of 3% over the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Dimethicone Market Report and Forecast 2021-2026’, the global dimethicone market reached a volume of around 247.2 kilo metric tons in the year 2020. The industry is further expected to witness a CAGR of around 3% over the forecast period of 2021-2026 to reach a capacity of 295.2 kilo metric tons by 2026.

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.

Market Breakup by Applications and Regions:

  • Dimethicones find its major applications in hair care and skin care sectors, among others.
  • Region-wise, the global dimethicone market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing cosmetics sector, particularly skincare and hair care markets, is driving the growth of the global dimethicone market. 
  • The increased focus on physical appearance for aesthetic reasons is providing a further boost to the industry growth. 
  • The advancement in technology, the development of new solutions, and rising consumer awareness regarding the latest fashion trends are further impacting the industry positively. 
  • The increasing urbanisation and rising disposable incomes, particularly in emerging nations, is leading to a change in consumer preferences, which is further aiding the global dimethicone industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global dimethicone market for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) information for the regional markets of dimethicone.
  • An in-depth analysis of the regional price trend of dimethicone has been provided within the report as well.
  • It also provides an assessment of the market based on the Porter’s Five Forces model, along with a SWOT and value chain analysis.

The major players in the global dimethicone 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, 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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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