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Silicone Acrylate Market Segmented By product type such as Water type Silicone Acrylate and Solvent type Silicone Acrylate with grade such as Pharmaceutical Grade and Technical Grade
Nowadays, the usage of silicone in the production processes such as emulsion copolymerization, polymerization, etc., has gained considerable attention in the industrial sector. As, silicone helps to increase the coating resistance to UV light, oxygen, water and other types of solvents in aqueous acrylate polymer emulsions.
Furthermore, the cosmetic industry is looking for revolutionary products/cosmetic ingredients to offer innovative solutions. Attributing to the aforementioned factors, the usage of silicone acrylate is on an upsurge.
Silicone acrylate is a blend which has around 50% of acrylates, is a film-forming agent, and has properties of both an acrylic and silicone. By source, silicone acrylate has two types – water type and solvent type silicone acrylate. It forms flexible films with excellent water & oil repellency, has long-lasting properties.
Considering these properties of silicone acrylate is widely used in personal care products including skin care, hair care, color cosmetics, and among other products. Moreover, silicone acrylate finds a wide range of applications in end-user industries includes textiles, pharmaceuticals, polymer, cosmetics, and chemical industries.
Cosmetics manufacturers have been emphasizing on implementing new product variants having superior performance characteristics and marketing strategies to build their brand image in the marketplace. This in turn will churn out and develop the demand for cosmetic ingredients like silicone acrylate at a healthy growth rate.
Personal grooming products such as skin care, color cosmetics, hair care products are the target products in terms of demand of silicone acrylate. For instance, the annual growth rate of personal care products has increased by over 5% during 2010-2015. As, silicone acrylate has advanced features such as antibacterial protection, long-lasting freshness, etc. the product is projected to capture prominent market value share in the market.
The concept of green products is already being adopted at a regional level. However, the consumption rate of inorganic compounds is surging. The demand from textile processing and formulation of pharmaceutical products will imbibe silicone acrylate to a sound extent. Thereby, innovation and sustainability initiatives are key trends for global silicone acrylate market
With increasing per capita spend in developed and developing countries in the field of cosmetics, Silicone acrylate market growth is expected to be benefited from factors such as improved product quality and reduced side-effects. However, silicone acrylate produces hazardous fumes and can generate toxic emissions causing an environmental imbalance. This factor is considered as a restraint in use of silicone acrylate and its market growth during the forecast period.
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Geographically, North America and Europe are understood to be the established markets of silicone acrylate. Economies like Canada, Germany, the U.S., Russia, BENELUX, etc. are demanding the huge volume of cosmetics owing to early adopters of new products. Whereas, the emerging economies such as India, China, ASEAN countries are propelling the market growth due to subsequent demand from growing industrialization such as textile, polymers, etc. in the regional economies.
The silica acrylate market is estimated to be a highly competitive market owing to the presence of numerous industry participantier-1, tier-2 and small scale players. Few manufacturers of silica acrylate are identified across the value chain of global silica acrylate market which is – The Dow Chemical, Arkema Group, GELEST, INC., Shin-Etsu Chemical, Nissin Chemical Industry Co., Ltd., Air Products, Silex Silicones Ltd, Sinograce Chemical, KK Chempro India Pvt. Ltd., EUROSIL, Clearco Products Co., Evonik, and among others
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