Focus on naturally derived ingredients

The companies believe that this line of performance ingredients will rapidly grow to become a major part of the estimated $2 billion to $3 billion natural and organic personal care market, one of the fastest growing segments in the personal care industry.

“Dow Corning has been looking to create alliances with key strategic partners with innovative technology like Elevance to further enhance our position in the personal care market,” said Stephen Gosney, global beauty care industry director for Dow Corning. “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.”

The agreements formalise a partnership that has already launched novel products into the personal care market.

The announcement also represents another significant step in Dow Corning’s focus to move beyond silicon by providing an expanded line of natural and naturally derived ingredients that offer customers enhanced performance benefits and Elevance’s commitment to advancing novel, natural-based products through partnerships with industry leaders.

Together the companies will develop new ingredients that Dow Corning will offer to the personal care market.