According to the new market research report “PDMS Market by Type (LMW, HMW, UHMW), Form (Elastomers, Fluids, Resins), End-Use Industries (Industrial Process, Building & Construction, Household & Personal Care, Electrical & Electronics, Transportation, Healthcare) and Region – Global Forecast to 2024″, 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 of 6.0% during the forecast period. This growth is attributed to the increasing demand for PDMS in industries such as personal care, medical, automotive, and construction, among others. Also, the rising demand for PDMS from developing economies of the world owing to the growth in cosmetics, personal care, and other industries are expected to boost the growth of this market.
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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.
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The global polydimethylsiloxane (PDMS) market size is estimated at USD 4.0 billion in 2019 and is projected to reach USD 5.2 billion by 2024, at a CAGR of 6.0%, between 2019 and 2024. Polydimethylsiloxane, or dimethylpolysiloxane or dimethicone, is a type of silicone oil with optically clear, inert, non-toxic, and non-flammable properties. PDMS is categorized into three types, namely, low-molecular weight, high-molecular weight, and ultra-high molecular weight based on their molecular weight, viscosities, and chemical compositions. The major applications of PDMS include medicines, cosmetics, hydraulic fluids, surfactants, coating, and domestic products, among others.
The key players in the PDMS market are DowDuPont Inc. (US), Shin-Etsu Chemical Co., Ltd. (Japan), Wacker Chemie AG (Germany), Avantor, Inc. (US), Elkem ASA (Norway), KCC Corporation (South Korea), Dongyue Group Limited (China), Alfa Aesar (UK), CHT Group (Germany), and Zhonghao Chenguang Research Institute of Chemical Industry (China). The PDMS market report analyzes the key growth strategies adopted by the leading market players, between 2014 and 2019, which include expansions, new product developments, and merger & acquisitions.
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DowDuPont Inc. (US) is one of the major players operating in the PDMS market. The company was formed as a result of the merger between Dow Chemical Company and DuPont in 2017. DowDuPont Inc. is divided into three publically traded companies, namely, Corteva Agriscience, Dow Inc., and DuPont. The company offers products for the polydimethylsiloxane market through its subsidiaries Dow Inc. and DuPont. The company has a strong geographical presence with operation in more than 90 countries globally.
Shin-Etsu Chemical Co., Ltd. (Japan) is one of the leading players in the PDMS market. The company operates through six business segments, namely, PVC/Chlor-alkali, Silicones, Specialty Chemicals, Semiconductor Silicon, Electronics & Functional Materials, and Processing, Trading & Specialized Services. The company provides products for polydimethylsiloxane market through its silicones business segment. The company has a strong R&D base in five countries with production and sales facilities in 27 countries.
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