COVID-19 Impact on Silicone Acrylate Market
- The COVID-19 outbreak is hampering the production of silicone acrylate. Governments of various countries across the globe have enforced lockdown measures to curb the spread of the coronavirus. This has resulted in slowdown and even halt in manufacturing operations, thus hampering the demand for silicone acrylate.
- Key players operating in the silicone acrylate market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these players are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of silicone acrylate.
- The COVID-19 outbreak has directly affected the production and demand for silicone acrylate. The industrial shutdown caused by the COVID 19 pandemic has created disruption in the supply chain. Disruption in supply of raw materials is projected to hamper full-scale operations of companies operating in the market.
Key Drivers of Silicone Acrylate Market
- Rise in demand for silicone acrylate in the cosmetics industry is a significant factor projected to fuel the global silicone acrylate market. The cosmetics market has been expanding due to the increase in awareness about the adverse effects of pollution on skin and hair. Rise in usage of silicone acrylate in sunscreen and other skin care products is expected to boost the market.
Restraints of Silicone Acrylate Market
- Silicone acrylate is primarily used in the cosmetics industry. General awareness about usage of natural products for skin care is expected to hamper the silicone acrylate market in the near future.
- Usage of alternate products in place of silicone acrylate in pressure sensitive tapes is being studied. This is likely to adversely affect the demand for silicone acrylate.
Competitive Landscape of Global Silicone Acrylate Market
Major players operating in the silicone acrylate market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. The market is currently witnessing fierce competition among several leading players. Key players operating in the market include:
- Dow Chemicals
- Arkema SA
- Shin-Etsu Chemical Co., Ltd.
- Sinograce Chemical
- SIlibase silicone
- Evonik
Global Silicone Acrylate Market: Research Scope
Global Silicone Acrylate Market, by Product Type
Global Silicone Acrylate Market, by End-user
- Cosmetics
- Textile
- Pharmaceutical
- Others
Global Silicone Acrylate Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Silicone Acrylate Market: Introduction
- Silicone acrylate is a copolymer used in variety of applications. It is used to enhance the processing of consumer products, such as textiles, sportswear, and leather, due to its clean and safe performance characteristics.
- Silicone acrylate composition may include a silicone resin coupled with an acrylate polymer via a linking group. It is a film-forming agent and has excellent clarity, oil and water resistance, and resistance to UV.
