Silicone Fluids Market analyze the key regions, with sales, revenue and Market share by key countries in these regions 2
Posted by Rajkumar on March 3rd, 2023
Silicone fluids have been used as components for cosmetic products, especially since the early 1960's, when they were first used as an ingredient for skin care. The silicone used in these products were called 'liposomes', and the fluid was used as a defoamer. This was used to open up clogged pores in the skin, thus unclogging them. This was an essential step toward improved facial appearance. Silicone Fluids are extremely low in volatility, which makes them ideal for use as defoamers for cosmetics. In addition, silicone fluid is non-toxic and is clear (no smell or taste) and transparent, having no apparent use as ingredients for cosmetics.
Silicone oils have been used in high-end industrial applications for years, and they have the ability to change consistency depending on the temperature. These fluids are used as a lubricant for pumps and as a lubricant in the seals of machinery.
Increasing focus on aesthetic appeal is expected to propel growth of the silicone fluids market. For instance, according to a 2018 survey by GlobalData, around three quarters of South Korean men undertake a beauty or grooming treatment at least once a week. Moreover, increasing expenditure on personal care products is also expected to aid in growth of the market. For instance, according to the U.S. Bureau of Labor Statistics, average annual expenditure on personal care products in the U.S. increased from US$ 707 in 2016 to US$ 768 in 2018.
Increasing geriatric population is expected to offer lucrative growth opportunities for players in the silicone fluids market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.
Among end-use industries, pharmaceuticals segment is expected to witness significant growth in the silicone fluids market. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe was valued at US$ 139, 287 million in 2000, which increased to US$ 284, 028 million (est.) in 2018.
The textile segment is also expected to witness significant growth in the silicone fluids market. For instance, according to Federation of Indian Chambers of Commerce and Industries (FICCI), the global textile industry is projected to reach US$ 1600 billion by 2026, with CAGR of 6.3%.
Major players operating in the silicone fluids market include, Saint Gobain, Clariant International limited, Dow Corning Corporation, Caledonia Investments, Gelest Incorporated, KCC Corporation, Shin-Etsu Chemical Co., Ltd., and Quantum Silicones.
July 2020: Shin-Etsu Chemical Co., Ltd. developed a new improved type of silicone emulsions.
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About the AuthorRajkumar
Joined: February 13th, 2019
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