The market for Cyclotetrasiloxane witnessed massive slowdown in its progress as a result of the spread of Covid-19 pandemic across the globe. The level of demand declined to the extreme level due to lockdown creating hurdles for the key players operating in this market. However as recovery commences in 2021, major players are recuperating their positions through production expansion, capacity utilizations and online selling in 2021 keeping in view the covid-19 norms.
Leading corporations including Dow Corning Corporation, Momentive Performance Materials Inc., Wacker Chemie AG, Wuhan Jiehong International Trading Co., ltd, Clearco Products Co., Inc., Genesee Polymers Corporation, BRB International B.V., AB Specialty Silicones, Jiangxi Xinghuo Silicone Factory, Elkem Silicones and others are making high investments in the establishment of research institutes in different regions to come up with improvements in their offerings. They are adopting business strategies such as sales contracts, strategic alliances, acquiring technical expertise, product approvals, patents and events, joint ventures, partnership agreements, collaborations, digital marketing, mergers and acquisitions, capacity utilisations, technological advancements etc to lead the global market for Cyclotetrasiloxane with largest market share.
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Cyclotetrasiloxane Market Regional Outlook:
Cyclotetrasiloxane is in a strong demand from the cosmetics and beauty market segment. The manufacturing of cyclotetrasiloxane is concentrated in China and Europe. However, the Asia Pacific market is expected to have a large market share due to the growing population and escalating disposable income.
Regions such as Latin America and Middle East and Africa (MEA) are expected to grow at a significant rate during the forecast period owing to the growing awareness regarding skin care products. Europe and North America might experience a downsized market share throughout 2018 to 2028 due implementation of stringent environmental policies.
List of Key Players:
Examples of some of the key players operating in the global cyclotetrasiloxane market are:
- Dow Corning Corporation
- Momentive Performance Materials Inc.
- Wacker Chemie AG
- Wuhan Jiehong International Trading Co., ltd
- Clearco Products Co., Inc.
- Genesee Polymers Corporation
- BRB International B.V.
- AB Specialty Silicones
- Jiangxi Xinghuo Silicone Factory
- Elkem Silicones
- Dongyue Group Ltd
- TangShan SanYou Chemical Industries Co., Ltd.
- Zhejiang Hoshine Silicon Industry Co., Ltd.
- SHANDONGJINLING Chemistry Co., Ltd.
Cyclotetrasiloxane Market Segmentation:
The cyclotetrasiloxane market can be segmented on the basis of function, concentration and application.
On the basis of function, cyclotetrasiloxane can be segmented into:
- Surface Tension Reducer
On the basis of concentration, cyclotetrasiloxane market can be segmented into:
- 98% content
- 99% content
On the basis of application, cyclotetrasiloxane can be segmented into:
- Skin creams
- Skin lotions
- Suntan lotions
- Body washes
- Antiperspirant and deodorant
- Make-up remover
- Bath oils
- Hair care