Rising demand from cosmetic and packaging industries are factors driving the demand for the global dimethyl cyclo-siloxane market in the forecast period 2024-2028.
According to TechSci Research report, “Dimethyl Cyclo-Siloxane Market – By Region, Competition Forecast and Opportunities, 2018-2028F”, The global dimethyl cyclo-siloxane market is anticipated to upsurge impressively in the forecast period 2024-2028. Dimethyl cyclo-siloxane synthesizes silicone polymer by adding acid or alkali catalysis to produce silicone oil, silicone rubber, and others with vast applications in different sectors like automotive, pharmaceutical, and industrial applications. Besides these, the rising textiles market and growing electronic technologies are crucial factors for boosting the demand for the global dimethyl cyclo-siloxane market.
Adverse effects on human health and supply chain disturbance are the primary factors obstructing the market growth. Dimethyl cyclo-siloxane would have severe negative impacts on human health, such as irritation in the nose, eyes, and skin, even if it is exposed in a small amount. In extreme cases, it can cause fatal organ failures such as liver, lungs, and other severe circumstances. China is considered one of the largest producers of silicon and silicone based products which amounted to nearly six million metric tons annually in 2021. Any trade sanction or lockdown in China is expected to disturb the import and export of raw materials, leading to a rise in the price of dimethyl cyclo-siloxane. Apart from these, the availability of a low-grade product and government regional & foreign policies are expected to obstruct the market’s growth.
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Global dimethyl cyclo-siloxane market is segmented based on application and end user industries.
Based on application, the market is divided into silicone oils, silicone rubbers, and silicone resins. As per estimates, silicone rubbers are expected to dominate the market share during the forecast period. Owing to the diverse application in sector like polishing, cooking, baking, and food storage products, apparel including undergarments, sportswear, and footwear, and electronics, it is expected that silicone rubbers are going to dominate the sector.
Based on the end-user industry, the market is divided into pharmaceuticals, cosmetics & personal care, electronics, textiles, automotive, and others. As per estimates, pharmaceuticals segment is expected to dominate the market during the forecast period. In the pharmaceuticals sector, dimethyl cyclo-siloxane is used in the production of medical equipment like cardiac pacemaker leads, mammary prostheses, artificial skin, catheters, denture liners, diaphragms, blood pressure cuff coils, tubes, seals, and liquids used in surgeries. Hence, the pharmaceutical sector is expected to dominate the market.
Major companies operating in global dimethyl cyclo-siloxane market are:
- Dow Chemical Company
- Momentive Inc.
- Wacker Chemie AG
- Elkem ASA
- Shin-Etsu Chemical Co., Ltd.
- Momentive Performance Materials, Inc.
- Dongyue Group Co., Ltd
- ZHONGTIAN EAST FLUORINE SILICON MATERIAL CO., LTD
- Zhejiang Sucon Silicone Co., Ltd
- Hoshine Silicon Industry Co., Ltd.
In Jan 2021, Momentive Performance Materials, Inc. announced the acquisition of KCC Corporation’s silicones business worldwide. Through this acquisition, Momentive Performance Materials, Inc. will enhance its technological capabilities and geographic trajectory, along with substantially strengthening its position worldwide.
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Increasing demand from various end-user industries such as pharmaceuticals, cosmetics & personal care, electronics, textiles, automotive, and other industries for the production of the different products across these industries is expected to drive the growth of global dimethyl cyclo-siloxane market. Growing investment in product enhancement for getting patent rights of products and processes and collaboration, merger, and acquisition of existing players are certain managerial decision impacting the market’s growth. Supportive government policies and regulations across different industries such as medical, automotive, and other sectors, are creating demand for DMC from these industries, thereby driving the growth of global dimethyl cyclo-siloxane market. Additionally, the trade agreements between countries are pushing factors that create favorable conditions to drive the global dimethyl cyclo-siloxane market growth till 2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Dimethyl Cyclo-Siloxane Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F. Segmented By Application (Silicone Oils, Silicone Rubbers, Silicone Resins), By End User Industry (Pharmaceuticals, Cosmetics & Personal Care, Electronics, Textiles, Automotive, Others), By Region and By Competition, has evaluated the future growth potential of global dimethyl cyclo-siloxane market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global dimethyl cyclo-siloxane market.”
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