APAC is projected to be the fastest-growing PDMS market

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%.

Browse 82 market data Tables and 50 Figures spread through 135 Pages and in-depth TOC on "PDMS Market”.

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).

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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.

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Low-molecular weight PDMS segment is estimated to dominate the overall market.

Low-molecular weight polydimethylsiloxane is used majorly as a lubricant, antifoaming agent, and hydraulic fluid. It also finds its applications as laboratory bath fluids, heat transfer fluids, dielectric fluids, and others in various application industries. The increasing demand for these products from the industrial processes, building & construction, and automotive sectors owing to infrastructural development and increasing commercial & private vehicle are driving the demand for low-molecular weight PDMS.

Elastomers are projected to be the fastest-growing form of PDMS during the forecast period.

Elastomers are projected to be the fastest-growing form of PDMS during the forecast period. PDMS elastomers are highly non-reactive, stable, and resistant to extreme environments and temperature ranges. Its properties such as nontoxicity, biocompatibility, elasticity, transparency, durability, long shelf and others makes it ideal to be used in end-use industries such as household & personal care, healthcare, electrical & electronics, and others. Thus, the expected growth of these industries will drive the elastomers market during the furcate period.

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