The Polydimethylsiloxane (PDMS)
Market size
is projected to grow from USD 4.0 billion in
2019 to USD 5.2 billion by 2024, at a CAGR 6.0%. Increasing
industrial output in the developing regions, such as APAC, the Middle East
& Africa, and South America are expected to drive the PDMS market.
The growing economy, cheap labor availability, increasing
demand from customers, and the development of the manufacturing sector is
expected to boost the industrial process, which will further drive the PDMS
demand. Similarly, the growth of personal
care & cosmetic and construction industries owing to increasing income
level and standard of living is another factor expected to drive the PDMS
market in these regions.
Based on type, the PDMS market is segmented into low-molecular
weight, high-molecular weight, and ultra-high molecular weight.
High-molecular weight polydimethylsiloxane is expected to be the
fastest-growing type of the PDMS market.
It is widely used in applications such as shampoo, hair
conditioner, caulks, sealants, and soft lithography. The increasing demand for
high-molecular weight polydimethylsiloxane-based elastomers & fluids from
the personal care industry will majorly drive the growth of high-molecular
weight polydimethylsiloxane market.
Based on form, the PDMS market is segmented into elastomers,
fluids, resins, and others. Elastomers are expected to be the largest as
well as the fastest-growing form of PDMS. Polydimethylsiloxane based elastomers
are widely used in medical and
microfluidic devices owing to its extreme properties such as nontoxicity,
biocompatibility, blood compatibility, elasticity, transparency, and
durability, among others. The global demand for PDMS elastomers is
driven majorly by its increasing consumption in the household & personal care and the electrical &
electronics industries.
Based on end-use industry, the PDMS market is segmented into
an industrial process, building & construction, household & personal
care, electrical & electronics, transportation, and healthcare, among others.
The industrial process is expected to be the largest as well as the
fastest-growing end-use industry of PDMS.
Polydimethylsiloxane is considered ideal to be used in
various industrial applications owing to its properties such as resistance to high pressure, high
temperature, and chemical reactions.
PDMS is used majorly in
applications such as lubricants, industrial coatings, and anti-foaming agents
in offshore drilling and paper production, and paint additives. The major
driving factor for polydimethylsiloxane in the industrial process is the
growing manufacturing industry globally.
The PDMS market in APAC is projected to register the highest
CAGR between 2019 and 2024. The region is emerging as the fastest-growing
market for the chemical due to the increasing consumption of
polydimethylsiloxane-based elastomers, resins, and fluids in industrial processes, building & construction, personal care
& consumer products, transportation, and electronics. Thus, the huge capital investment in capacity expansion, R&D, and new
product launch, across these industries is expected to drive the PDMS market in
the region.
Factors such as high
domestic demand, raw materials availability, and low-cost labor make it an attractive market for
major manufacturers across these industries. The increasing demand from the
APAC market has led to Shin-Etsu Chemical Co., Ltd. has expanded its production
facilities in Thailand and Japan with a total investment of USD 0.37 billion.
The expansion will help the company to cater to the demand of the APAC region
in a better way.
Further, Wacker Chemie AG has also
expanded its production facility of functional silicone fluids at Amtala
near Kolkata. The expansion will help the company the increasing demand from
industries such as textile, personal-care, rigid and flexible polyurethane
foam, and agrochemical sectors. Thus, the growing opportunities for the PDMS manufacturers in APAC are expected to drive the
PDMS market in the region.
Reference:
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