Dow Corning and Elevance Renewable Sciences have signed joint development and marketing agreements to create and market a new line of naturally derived ingredients for the personal care market.
The two companies said they expect the new line of performance ingredients to rapidly grow to become a major part of the estimated USD 2 billion to USD 3 billion natural and organic personal care market, one of the fastest growing segments in the personal care industry. “We believe the combination of silicon technology with Elevance’s natural-based products provides the market with functional and performance benefits for a wide variety of applications,” explained Stephen Gosney, Global Beauty Care Industry Director for Dow Corning.
Actually, the agreements formalize an already existing partnership, since the Dow Corning and Elevance have launched novel products into the personal care market in the spring of this year. For Dow Corning, it’s another significant step in focus to move beyond silicon by providing an expanded line of natural and naturally derived ingredients.
