PUBLISHER: Grand View Research | PRODUCT CODE: 1474986
PUBLISHER: Grand View Research | PRODUCT CODE: 1474986
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.