The Polydimethylsiloxane (PDMS) Market is expected to grow at > 5.6% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Polydimethylsiloxane (PDMS) Market
Polydimethylsiloxane (PDMS) 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.
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.
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Market Scope & Market Segmentation
Polydimethylsiloxane (PDMS) Market Share: By Weight Type
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.
Polydimethylsiloxane (PDMS) Market Share: By Form Type
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.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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