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.
Market Dynamics
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%.
Competitive Analysis
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.
The global silicone fluids market size is projected to grow from USD 5.1 billion in 2021 to USD 6.6 billion by 2026, at a CAGR of 5.5% from 2021 to 2026.
The silicone fluids market is expected to witness significant growth in the coming years due to its increased demand across the personal care & beauty, building & construction, automotive & transportation, and textile industries.♦ Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=82878430COVID-19 impact on global silicone fluids marketWith the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.
The outbreak of COVID-19 in Wuhan, China, has spread across the major APAC, European, and North American countries, affecting the market for silicone fluids since most of the global companies have their headquarters in these countries.
This impact of COVID-19 had caused disruption in the supply chain, which had slowed down the market growth due to lack of raw materials and unavailability of workforce.APAC region to lead the global silicone fluids market by 2026.APAC accounted for the largest market share of about 46.0%, in terms of value in 2020.
The growing population and rapid urbanization are among the key factors propelling industry expansion in this region.
High domestic demand, along with the easy availability of raw materials and low-cost labor, makes APAC a lucrative market for manufacturers that are focusing on this region to gain market share and increase profitability.
The global Modified Silicone Fluids market is segmented by company, region (country), by Type, and by Application.
Players, stakeholders, and other participants in the global Modified Silicone Fluids market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by TypeDownload FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-modified-silicone-fluids-2021-493 Polyether Modified Silicone FluidAmino Modified Silicone FluidAlkyl Modified Silicone FluidEpoxy Modified Silicone Fluid Segment by Application TextilesLeathersOthers The Modified Silicone Fluids market is analysed and market size information is provided by regions (countries).
Segment by Application, the Modified Silicone Fluids market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company Shin-Etsu ChemicalDowWacker ChemieKCC BasildonBRB InternationalSiltech CorporationGet the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-modified-silicone-fluids-2021-493Table of content1 Modified Silicone Fluids Market Overview1.1 Modified Silicone Fluids Product Scope1.2 Modified Silicone Fluids Segment by Type1.2.1 Global Modified Silicone Fluids Sales by Type (2016 & 2021 & 2027)1.2.2 Polyether Modified Silicone Fluid1.2.3 Amino Modified Silicone Fluid1.2.4 Alkyl Modified Silicone Fluid1.2.5 Epoxy Modified Silicone Fluid1.3 Modified Silicone Fluids Segment by Application1.3.1 Global Modified Silicone Fluids Sales Comparison by Application (2016 & 2021 & 2027)1.3.2 Textiles1.3.3 Leathers1.3.4 Others1.4 Modified Silicone Fluids Market Estimates and Forecasts (2016-2027)1.4.1 Global Modified Silicone Fluids Market Size in Value Growth Rate (2016-2027)1.4.2 Global Modified Silicone Fluids Market Size in Volume Growth Rate (2016-2027)1.4.3 Global Modified Silicone Fluids Price Trends (2016-2027)2 Modified Silicone Fluids Estimates and Forecasts by Region2.1 Global Modified Silicone Fluids Market Size by Region: 2016 VS 2021 VS 20272.2 Global Modified Silicone Fluids Retrospective Market Scenario by Region (2016-2021)2.2.1 Global Modified Silicone Fluids Sales Market Share by Region (2016-2021)2.2.2 Global Modified Silicone Fluids Revenue Market Share by Region (2016-2021)2.3 Global Modified Silicone Fluids Market Estimates and Forecasts by Region (2022-2027)2.3.1 GloCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
