Polydimethylsiloxane (PDMS) Market: Analysis, & Future Trends 2019 to 2024

The 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%.

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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Low-molecular weight PDMS is estimated to lead the overall PDMS market during the forecast period.

The low-molecular weight PDMS is the dominant segment in the overall of PDMS market. It is used widely as laboratory bath fluids, heat transfer fluids, dielectric fluids, low viscosity damping fluids, low viscosity hydraulic fluids, and others. The increasing demand for these products due to the high growth rate of the building & construction, and automotive industries in the developing countries of APAC, South America, and the Middle East & Africa is expected to drive the market for PDMS.

Elastomer is estimated to be the largest form of PDMS.

Elastomer is estimated to be the primarily used form of PDMS in 2019. PDMS elastomers are used widely in industrial applications such as personal care products, medical devices, microfluidic devices, and others. Its properties, such as elasticity, transparency, durability, and long shelf, make it the highly preferred form of PDMS. The growth of healthcare, personal care, cosmetics, and other industries is expected to drive the demand for PDMS elastomers. Hence, the increasing demand for elastomers is expected to drive the PDMS market during the forecast period.

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Recent Developments

• In April 2019, CHT Group expanded its production base with the inauguration of its new pilot plant in Dusslingen, Germany. The expansion is the part of the company’s strategy to optimize the process for the smooth transition of products from laboratory to production units. Further, the plant will be used for sample product development for customer trials and new process technology testing.
• In October 2018, KCC Corporation, along with Wonik Group and SJL Partners, signed an agreement to acquire Momentive Performance Materials Inc. (US) for USD 3.2 billion. The acquisition will help KCC to strengthen its silicone product portfolio.
• In March 2018, Wacker Chemie AG launched a new polydimethylsiloxane-based silicone fluid range namely BELSIL which comprises of six silicone fluids. The product will be used in cosmetic applications such as formulation of moisturizing creams, lotions, sunscreens, shampoos, and others due to its viscosity range between 5 to 60,000 centistokes.
• In March 2018, Wacker Chemie AG expanded its production facility with the opening of its new hydrosilylation plant for manufacturing functional silicone fluids at Amtala near Kolkata. The expansion will help the company to cater to increasing regional demand for specialty silicone form industries such as textile, personal-care, rigid and flexible polyurethane foam, and agrochemical sectors.
• In September 2017, The Dow Chemical Company and E.I.du Pont de Nemours & Company successfully merged their businesses to create DowDuPont. The holding company will operate with three business divisions, namely Agriculture, Materials Science, and Specialty Products.

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