Dec 23, 2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Polydimethylsiloxane Market.
It was estimated prior to this unanticipated outbreak that the Polydimethylsiloxane Market is likely to witness a healthy CAGR of 5.6% during the forecast period. The factor contributing to the high growth of the polydimethylsiloxane (PDMS) market is mainly the organic growth of various end-industries, especially industrial process and household & personal care, where the usage of polydimethylsiloxane is rapidly increasing due to its exceptional properties such as durability, dielectricity, adhesion, and foam control.
Polydimethylsiloxane (PDMS) is a clear, non-flammable, inert, and non-toxic silicon-based organic polymer. Its unique flow properties make it suitable for a wide range of applications.
Polydimethylsiloxane (PDMS) is widely used as lubricants, surfactants, anti-foaming agents, elastomers, hydraulic fluids, caulks, sealants, and silly putty, etc. in various end-use industries.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Segment Analysis
Based on the weight type, the market is segmented as low-molecular weight (LMW), high-molecular weight (HMW), and ultra-high-molecular weight (UHMW). The LMW segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The LMW’s wider applications in the building & construction and in the automotive industries is the major factor behind the dominance of the segment in the global market.
Based on the form type, the PDMS market is segmented as elastomers, fluids, resins, and others. The elastomer segment dominates the market, owing to its wider industrial applications such as personal care products, medical devices, microfluidic devices, and others.
Based on the end-use industry type, the PDMS market is segmented as industrial process, building & construction, household & personal care, electrical & electronics, transportation, healthcare, and others. Industrial process was the major end-use industry of the PDMS market in 2019, and is expected to remain dominant during the forecast period, owing its desirable properties such as elasticity, high pressure and thermal resistance, and resistance to chemical reactions.
In terms of regions, Asia-Pacific is expected to be the dominant region in the market in the coming five years. Asia-Pacific region is the largest market for industrial process, building & constructions, and electrical & electronics, etc. thus, creating high demand for PDMS in the region. Rapid industrialization and urbanization in the developing countries such as India and China are likely to boost the demand for PDMS in the region during the forecast period.
Key Players:
The key players in the market are:
- DuPont de Nemours, Inc.
- Shin-Etsu Chemical Co., Ltd.
- Wacker Chemie AG
- Avantor, Inc.
- Elkem ASA
- KCC Corporation
- Dongyue Group Limited
- Alfa Aesar
- CHT Group
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Polydimethylsiloxane analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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