Press release
Global Polydimethylsiloxane (PDMS) Market Scenario Highlighting Major Drivers & Trends, 2018-2028
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A polydimethylsiloxane or silicon-based sealant is stable in the absence of moisture as well as during exposure to moisture, facilitating modifiable modulus of flexible elastomer. Important properties as such and others are highly explored in the manufacturing of adhesives, sealants, and coating formulations that are highly used in the construction sector. The construction industry is consistently flourishing against the backdrop of rapid urbanization and significant investments in the infrastructure developments, especially the commercial sector. That said growing demand for construction industry-specific adhesive sealants and protective coatings is driving the growth of the polydimethylsiloxane market.
Adhesives, sealants, coatings, polish, water repellants and many others that contain polydimethylsiloxane find humongous application in the automotive industry, too. As the industry is progressing at an appreciable rate, demand for automobile-specific surfactants is likely to grow, thereby driving the growth of the polydimethylsiloxane market in the coming decade.
The cosmetics and personal care industry is the major consumer of surfactants, anti-foaming agents and other chemicals with properties similar to polydimethylsiloxane. Use of polydimethylsiloxane can be observed in a variety of cosmetics and personal care products such as hair care, skin care and beauty products. In particular, as a thickening or conditioning agent, a silicone-based organic polymer like polydimethylsiloxane is one of the most commonly used ingredients in shampoos. Beauty and skin care products – skin cleanser, perfume, lipstick, toothpaste, creams and lotions contain polydimethylsiloxane. Demand for cosmetics and personal care products is on the rise and is likely to propel the polydimethylsiloxane market in parallel.
Countries across the globe including the United States have imposed tariffs on chlorine and silicon which are basic raw materials of polydimethylsiloxane. North America has recently imposed trade tariffs on the import of goods from China, following which the import of silicon and silicon products from China has declined significantly. In 2016, European Union and the Commerce Department of the U.S. imposed anti-dumping duties on silicon imported from China. Even though these duties have been recently overturned from Australia, Brazil, Norway and Kazakhstan by the U.S., they continue to hold trade tariffs for other countries, significantly impacting the global demand for polydimethylsiloxane and growth of the polydimethylsiloxane market.
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A new report on the polydimethylsiloxane market published by Fact.MR envisages growth trajectory of the market during the forecast period 2018 – 2028. A thorough analysis of the market trends, drivers, challenges and opportunities has derived the most credible outlook of the polydimethylsiloxane market. In-depth assessment of global as well as regional trends of the polydimethylsiloxane market have been taken into consideration while analyzing market opportunities. With respect to revenue anticipation in terms of absolute dollar opportunity, the report delivers a holistic overview of the polydimethylsiloxane market. The market attractive index included in the report provides important insights for manufacturers to assess prodigious opportunities in terms of business expansion possibilities like merger and acquisition. The highlighted value of CAGR enables users to fathom future progress of the polydimethylsiloxane market.
Polydimethylsiloxane or PDMS is highly used as a silicone-based organic polymer across industries. Owing to its unique physio-chemical properties, polydimethylsiloxane plays a vital role in several surfactants that are used in wetting, cleaning, emulsifying, and dispersing formulations in multiple industries staring from the cosmetics, personal care and medical devices to core industrial products such as elastomers and surfactants.
Additional Questions Answered
The report also delivers additional cutting-edge insights apart from the aforementioned information that hold significant influence on the polydimethylsiloxane market. Few of these insights are listed below –
Which is the rapidly growing region in the polydimethylsiloxane market?
How will the markets for other alternatives impact the demand for polydimethylsiloxane during forecast?
What will be the effects of environmental regulations on the polydimethylsiloxane market progress?
What will be the future business strategies of manufacturers to win over competition amid the challenges of trade tariffs on polydimethylsiloxane raw materials?
What are the other niche lucrative industry applications in the polydimethylsiloxane market?
This competition landscape section elaborates on company profiles in terms of relative market presence, product offerings and key strategies undertaken by the key players operating in the polydimethylsiloxane market. Some of the players reported in this study on the global polydimethylsiloxane market include Wacker Chemie AG, DowDuPont Inc., Elkem ASA, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., Gelest Inc., LGC Ltd, Elkay Chemicals Pvt. Ltd., Evonik Industries AG,KCC Corporation., CHT Group, Nusil Technology LLC., Specialty Silicone Products and Shandong Dayi Chemical Co., Ltd, among others.
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