CLEVELAND, July 13, 2022 /PRNewswire/ — New analysis from Freedonia Group of the global silicone fluid market reveals that the personal care segment will continue to hold the largest share of demand by value through 2025, primarily due to increased production of cosmetics and toiletries. Higher-value personal care products made with silicones are already considered essential by many developed countries and continue to be adopted by consumers in many developing regions, where they are increasingly available and affordable.
Although the growth of the market is hindered by the introduction of regulations limiting or prohibiting the use of certain types of silicones in North America and Western Europe due to concerns about the safety of these products, opportunities exist. Manufacturers of silicone-based personal care products can meet the growing demand for “better-for-you” products by introducing hybrid formulations that include more natural ingredients and higher-value silicones, many of which are licensed substitutes. for D4 and D5 varieties under legal control. .
The global silicone fluids market is expected to grow at 6.4% per year until 2025
By 2025, demand for silicone fluids is expected to increase by 6.4% per year for $8.7 billion, with volume demand reaching 1.2 million metric tons. Demand will be stimulated by:
- growing use of silicone-containing products in developing economies, supported by rising personal incomes
- healthy growth in chemical manufacturing (particularly due to high gas drilling prices) and construction markets
Although inflationary pressures are having some impact on the market, much of the growth in demand will be due to the continued use of silicone fluids rather than price spikes. Silicone manufacturers are likely to avoid passing on price increases to consumers as much as possible in order to keep silicones competitive with other finished product inputs.
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Global Silicone Liquids provides historical data for 2010, 2015 and 2020 and forecasts for 2025 and 2030 are provided for the demand for silicone fluids in current dollars by market, function and region of the world. Volume data (in metric tons) is also provided for each country and region, as well as for each market globally.
Further, key strategic and competitive variables affecting the global Silicone Based Fluids industry are discussed, major industry players are identified and the global market share is assessed.
- personal care
- transportation equipment
- other markets (electrical equipment, electronic products, medical and health, industrial, consumer)
- lubricants and greases
- emollients and conditioners
- other functions (adhesives, sealants and caulks; elastomeric components; paints and coatings; polishes; small volume functions)
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SOURCE The Freedonia Group