Polydimethylsiloxane Market By Type (Barrier Elastomers, Fluids, Resins, Gels & Others), By End-Use (Industrial Process, Construction, Personal Care, Electronics, Transport, Health Care), By Region - Global Mraket Forecast 2020-2029
Analysis of Polydimethylsiloxane Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Polydimethylsiloxane Market Outlook (2020 to 2029)
Polydimethylsiloxane is predominantly used in the production of adhesive, sealants, and coating materials. Also, cost efficient and environment friendly properties of polydimethyldiloxane makes it an ideal polymer based siloxane material.
These properties are highly explored in the manufacturing of adhesive, sealants, and coating formulations which is further used in building & construction, and the automotive industry.
Global construction industry is flourishing on back of rapid development and investments in infrastructure, especially within the commercial sector. Thus, growing demand for industry-specific adhesive & sealant and coatings is likely to propel the growth of polydimethylsiloxane market.
On this backdrop, polydimethyldiloxane is expected to register a CAGR of ~4.2% during the forecast period.
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Niche Applications to Reap Potential Opportunities for Polydimethylsiloxane Market
Amid the diverse end-use applications, use of polydimethylsiloxane is highly witnessed in personal care and cosmetics industry. Antifoaming, skin protection and conditioning properties of polydimethylsiloxane make it a suitable polymer based silicone to be used in hair care, skin care and cosmetic application.
Polydimethylsiloxane is known to form a hydrating barrier in the skin and reduce fine lines. Hence, it is widely used in skin care products such as cleansers, creams and lotions, anti-aging products, and hair care products such as shampoos and conditioners.
Tremendous growth has been witnessed in personal care & cosmetics industry which is likely to boost the consumption of polydimethylsiloxane market.
Moreover, polymethylsiloxane finds numerous applications in the healthcare industry due to its non-toxic and non-flammable properties. It is used in medical and research laboratory rubber products such as sanitary gaskets. Thus, niche applications of polymethylsiloxane are likely to add significant value to the polymethylsiloxane market globally.
Manufacturers Focusing on High Growth Regions
Key players involved in Polydimethylsiloxane manufacturing, such as Wacker Chemie AG, Elkem ASA or Shin-Etsu Chemical Co., Ltd. are shifting their attention towards high growth potential markets, such as Asia, Latin America and Middle East. Prominent markets, such as North America and Europe, are on their way to reach a mature stage and thus, will provide scope of growth for the markets such as China and India.
Fact.MR opines that the Polydimethylsiloxane market in Asia pacific region is expected to witness appreciable growth due to increasing electronics manufacturing and increased cosmetics and toiletry sales.
Seeing the growth potential in these regions, key manufacturers, such as Shin-Etsu Chemical Co., Ltd, Elkem ASA and Momentive Performance Materials Inc, have established their sales divisions and production facilities in Asia and Latin America.
New Product Developments and Acquisitions will set the Bar
Global polydimethylsiloxane market is relatively fragmented with numerous regional and local players active in production of polydimethylsiloxane. DowDupont Inc., Wacker Chemie AG, and Elkem ASA are frontrunners with the highest market share and collectively account for 50% – 55% of revenue share.
To leverage the immense potential in the global polydimethylsiloxane market, several organic and inorganic strategies have been undertaken by prominent players. Also, manufacturers have been engaged in the development of new Polydimethylsiloxane based products.
For instance, in 2018, Wacker Chemie AG launched a silicone fluid for the cosmetics industry under the brand name BELSIL. Additionally, in 2017, DowDuPont material science division launched silicone-based home and personal care products under the brand name DOWSIL. Investments done by aforementioned companies will increase their market penetration and will meet the demand for polydimethylsiloxane over the forecast period.
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Key Segments Covered in the Polydimethylsiloxane Market Report:
By Type :
- Barrier Elastomers
- Gels & Others
By End-Use :
- Industrial Process
- Personal Care
- Health Care
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
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Polydimethylsiloxane to Witness Positive Growth, Demand Soaring on back of Adhesive & Sealants Industry
Polydimethylsiloxane Market is Expected to Grow at 4.2% CAGR