Polymethylsilsesquioxane Market REPORT OVERVIEW
- Request Free Sample PDF learn more about this report
The global polymethylsilsesquioxane market size was USD 111.5 million in 2022 and market is projected to touch USD 160.81 million by 2031, exhibiting a CAGR of 3.7% during the forecasted period.
Polymethylsilsesquioxane has wide-ranging applications in various sectors and is divided into types and application segments accordingly. Based on the application segment, the chemical is used in facial, body, hair, and other self-care options. It is also a texture enhancer and soft focus agent in cosmetics. The chemical also works as a wrinkle filler, providing softness to the silicone formula. It acts as a protective agent on the skin, preventing it from being damaged and thus providing the correct quantity of moisture to the body in the form of lotions.
Polymethylsilsesquioxane is formed from the condensation and hydrolysis of silicone methyltrimethoxysilane. It has various applications in film forming and production, cosmetics, and skin conditioning ingredients. Cosmetics use the chemical with a 55% proportion mix. It is usually deemed safe for makeup due to no toxicity and sensitization problems. Thus, these are the factors driving the growth of the market and the share with the Asia Pacific leading the market share.
COVID-19 Impact: Supply-Chain Disruptions and Declining Demand Impeded Market Growth
The pandemic lowered the demand for polymethylsilsesquioxane as supply chains were disrupted worldwide, due to which demand declined for the product. The skin and body care industry saw its market growth and share decline unprecedentedly, with Asian countries seeing adverse effects of disruptions in the market. However, the industry is set to be revamped with increased production after the pandemic, thus increasing the investment prospects for investors worldwide.
Polymethylsilsesquioxane Market SEGMENTATION
- Request Free Sample PDF learn more about this report
- By Type
Based on the types, the market is subcategorized into Average Particle Size<2 um, Average, Particle Size 2-5 um, Average Particle Size 5-9 um, and Average Particle Size >9 um.
- By Application
Based on applications, the market is subcategorized into facial, body, hair, and others.
LATEST TRENDS
"Applications in the Pharmaceuticals Sector to Drive Market Growth"
The application of polymethylsilsesquioxane in the pharmaceutical sector has increased after the pandemic, which will drive the industry's market growth. Cosmetics and anti-aging creams use the chemical in moderate quantities as it soothes and repairs the skin, thus controlling damage and preventing chemical reactions. These factors have increased the product's desirability, prompting investors to own significant stakes or shares in the industry, which will drive market growth soon.
DRIVING FACTORS
"Rise in Demand for Personal Care Products to Lead Market Growth"
The chemical use in personal care products such as face wash, shampoos, and cosmetics will lead to the polymethylsilsesquioxane market growth as demand for these products increases worldwide. The chemical application in various entities is set to propel the demand further. The number of critical players investing in cosmetics has also increased, thus increasing the prospects for this chemical industry worldwide, which is driving the market growth. Therefore, the industry is experiencing an unprecedented boom in demand.
"Oxidation Resistance to Environmental Elements to Spur Market Growth"
The silicone chemical is highly resistant to oxidation factors, which prevents pores and lessens harm to the skin. The chemical's unique property also reduces the product's surface tension, thus increasing its spread across the skin. The lesser the surface tension, the higher the spreadability factor of the product being used for skin care. Therefore, these factors will drive the chemical's market growth and increase the market share. Potential investments can be considered in the market owing to the benefits and features of the chemical.
RESTRAINING FACTORS
"Instability in Storage and Processing to Impede Market Growth"
The instability in the manufacturing and storage process while producing the chemical may impede the product's market growth. The fluctuation in production leads to irregularities in the formation of the final product. However, other chemical solutions can stabilize the chemical solution, thus bringing stability to the cosmetic and body care solutions used by the consumers. Therefore, investors must consider these factors before investing in the industry, which could impede the market growth.
Polymethylsilsesquioxane Market REGIONAL INSIGHTS
- Request Free Sample PDF learn more about this report
"Asia Pacific to Lead Market Growth Due to Increased Production Demand"
The increased production demand for the silicone-based chemical in the Asian region will drive the polymethylsilsesquioxane market share worldwide. The skincare products industry is on its path to recovery post the pandemic, increasing the demand for chemicals in manufacturing and production. The product is seeing a boost in market growth due to wide-ranging applications in various sectors. Countries such as Japan, China, and South Korea will lead the market share with key players based in the region.
KEY INDUSTRIAL PLAYERS
The report analyzes various market players in the industry, and the information is published after proper research, analysis of trends, key developments, new initiatives, and technological developments and innovations. Other aspects of the report include research on companies, regions, technical and environmental outcomes, and newly emerging industries' impact and risks. The facts in the information may be subject to change, given the situation of market players from time to time. The Asia Pacific will lead the industry with the largest share.
List of Market Players Profiled
- Wacker (Germany)
- EastHill (China)
- Grant Industries (U.S.)
- ABC Nanotech (South Korea)
- Shin-Etsu (Japan)
- The Innovation Company (France)
- Momentive Performance Materials (U.S.)
- Guangzhou Batai Chemical (China)
- Jiangxi XinJiaYi New Materials (China)
- Kobo Products (U.S.)
- Elkem Silicones (Norway)
INDUSTRY DEVELOPMENT
April 2022: Elkem Silicones has invested in silicone materials after recording massive sales in the year's first quarter. The company is also developing an innovation and R&D center in Shanghai (China). This development will help the company expand its business and revenue and meet the growing demand for silicone products and related technologies. Applications such as electric vehicles, medical sectors, and products for 3D printing will benefit from this development as these sectors use silicone in a high quantity during the production process.
REPORT COVERAGE
The report examines elements that affect the demand and supply factors and estimates dynamic market forces for the forecast period. It also offers drivers, restraints, the latest trends, and critical industrial developments. After evaluating financial and technical market factors, the report provides an extensive SWOT analysis. The research is subject to alteration if crucial players and analysis of market dynamics change. The information is an approximate estimation of the factors mentioned, taken into consideration after thorough research. The report also provides information on segmentation and key industrial developments.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 111.5 Million in 2022 |
Market Size Value By |
US$ 160.81 Million by 2031 |
Growth Rate |
CAGR of 3.7% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the polymethylsilsesquioxane market expected to touch by 2031?
The global polymethylsilsesquioxane market is expected to touch USD 160.81 million by 2031.
-
What is the CAGR that the polymethylsilsesquioxane market is expected to exhibit by 2031?
The market is expected to exhibit a CAGR of 3.7% by 2031.
-
What are the driving factors of the polymethylsilsesquioxane market?
Applications in the pharmaceutical and cosmetic sectors, rise in demand, oxidation resistance, and demand for self-care products are the driving factors of the market.
-
Which are the leading companies operating in the polymethylsilsesquioxane market?
Wacker, EastHill, Grant Industries, ABC Nanotech, Shin-Etsu, The Innovation Company, Momentive Performance Materials, Guangzhou Batai Chemical, Jiangxi XinJiaYi New Materials, Kobo Products, and Elkem Silicones are the leading companies operating in the market.