Silicone In Personal Care Market To Reach $4.81 Billion By 2030

Silicone In Personal Care Market Growth & Trends

The global silicone in personal care market size is anticipated to reach USD 4.81 billion by 2030 and is projected to grow at a CAGR of 6.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising awareness in regards to personal hygiene, rising disposable income across various regions, and increasing influence of social media are anticipated to boost the demand for silicone for manufacturing multiple personal care products such as shampoos, conditioners, serums, sunscreens, body lotions, and various cosmetics such as lipsticks, eyeliners, and others.

Asia Pacific has witnessed a rise in demand for silicone-based personal care products on account of the rising number of working women professionals across emerging economies, such as China and India, along with their growing interests in and increasing spending on beauty and personal care products. Furthermore, the rising demand for personal care and cosmetics from the young population across these countries and easy access to the Internet are anticipated to offer immense opportunities for the market growth over the forecast period.

Across the Big Four of Fashion cities globally, apart from New York, three other major cities are from Europe, including Paris, London, and Milan. These cities annually conduct fashion weeks, which introduce new fashion lines from various designers, along with newly developed cosmetics and personal care products from numerous cosmetic manufacturers. These fashion-driven markets have increased the consumption of cosmetics across the region, which, in turn, has propelled the demand for silicone-based cosmetics.

South America is well-known for its diversified climatic conditions, ranging from dry desert conditions in Northern Chile to heavy rainfalls, creating highly humid weather conditions across the Southern coast of the continent. Such climatic conditions have directly impacted the hair conditions of women across various countries, especially in Brazil. Brazilian women, as per societal norms, in past decades have been cautious about their hair conditions. However, according to the American Medical Women’s Association (AMWA), spending more time outside with the direct exposure of sun, has damaged their hair, resulting in increased weekly scalp treatments. In addition, the consumption of shampoos, hair conditioners, hair masks, and hot oil treatments to prevent hair damage has increased tremendously across Brazil in recent years. This is anticipated to propel the market growth in Brazil over the forecast period.

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Silicone In Personal Care Market Report Highlights

• The fluids segment led the market with the largest revenue share of more than 32% share in 2023. Silicone in fluid form is highly resistant to thermal changes and is highly stable in terms of viscosity. Since silicone fluids show minute changes under distinctive thermal conditions, these are recommended for the manufacturing of personal care products, especially haircare products such as shampoos and conditioners

• Based on application, the haircare segment led the market with the largest revenue share of 45.50% in 2023. Hairfall due to dry scalps, exposure to UV rays, and genetic conditions is very common worldwide across all genders. Hence, haircare products such as shampoos, conditioners, and serums have witnessed a rise in demand in the past decade. Silicone-based haircare products provide smoothness, thickness, conditioning, and detangling to the hair, which is anticipated to witness a high demand over the forecast period

• China has a very distinctive and popular selfie culture, which has influenced the population to consume various skincare and hair care products. For instance, in 2022, according to the National Bureau of Statistics of China, approximately 92 million selfies were recorded. This selfie culture across the nation has influenced majority of the population to look more appealing, for which the demand for silicone-based cosmetics has increased tremendously. This trend is anticipated to propel during the forecast period, increasing the demand for silicone-based personal care products

• Asia Pacific dominated the global market in 2023. The region has witnessed a rise in demand for silicone-based personal care products on account of the rising number of working women professionals across emerging economies such as China and India, along with their growing interests in and increasing spending on beauty and personal care products. Furthermore, the rising demand from the young population across these countries and their easy internet access is anticipated to offer immense opportunities for the market growth over the forecast period

• Major investments are made in the research & development of products that are suitable and can be used for longer duration for the Indian population. For instance, in 2023, L’Oréal S.A., a major cosmetic manufacturer, announced its investment in the Indian dermocosmetic market with the introduction of L’Oréal Dermatological Beauty (LDB) program, under which the company plans to bring products to dermatologists, patients, and consumers. Such investments for manufacturing suitable products are anticipated to propel the demand for silicone in skincare products in India

Silicone In Personal Care Market Segmentation

Grand View Research has segmented the silicone in personal care market report based on product, application and region:

Silicone In Personal Care Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Fluids

• Resins

• Blends

• Crosspolymers

• Others

Silicone In Personal Care Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Skincare products

• Haircare products

• Cosmetics

• Antiperspirants & deodrants

• Others

Silicone In Personal Care Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Netherlands

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Singapore

  • Malaysia

  • Indonesia

  • Thailand

  • Vietnam

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • United Arab Emirates (UAE)

  • South Africa

List of Key Players of Silicone In Personal Care Market

• Wacker Chemie AG

• Elkem ASA

• CHT Germany GmbH

• Shin-Etsu Chemical, Co., Ltd.

• Momentive Performance Materials Inc.

• Dow, Inc.

• BRB International B.V.

• DyStar Singapore Pte Ltd

• Mitsubishi Shoji Chemical Corporation

• Chemsil Silicones, Inc.

• PHOENIX CHEMICAL, INC.

• Jiangxi New Jiayi New Materials Co., Ltd.

• Thor Personal Care

• AB Specialty Silicones

• Siltech Corporation