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 labour 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 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.
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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.
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