Polydimethylsiloxane Market: Expansion Strategies Set to Generate Substantial Revenue in the Near Future | Key Factors Momentive, Shin-Etsu Chemical Co., Alfa Aesar, Thermo Fisher Scientific

Polydimethylsiloxane (PDMS) is a group of polymeric organosilicon compounds, which are commonly referred to as silicones. Polydimethylsiloxane (PDMS) is a clear, non-toxic, non-flammable, colorless, and viscous liquid that is insoluble in water and ethanol. PDMS is a widely used silicon-based organic polymer. It is used as elastomers, antifoaming agents, ant-caking agents, and lubricants in industries such as food & beverages, personal care, and pharmaceuticals.

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Key Players
Key players operating in the global polydimethylsiloxane market include The Dow Chemical Company, Wacker Chemie AG, Elkem Silicones, Hubei Xin Sihai Chemical Co., Momentive, Shin-Etsu Chemical Co., Alfa Aesar, Thermo Fisher Scientific, Merck KGaA, and Fisher Scientific International Inc.

Market Dynamics
Physical and chemical properties of polydimethylsiloxane (PDMS) such as high and low temperature stability, low surface tension, oxidative stability, and spreadability are major factors driving demand for polydimethylsiloxane. Furthermore, polydimethylsiloxane (PDMS) is recognized by the U.S. Food and Drug Administration (FDA) as a protective agent in topical skin care products.

Market Outlook
• Among application, antifoaming agents segment held significant market share in the polydimethylsiloxane (PDMS) market across the globe in 2017. This is due to increasing demand for antifoaming agents from food and beverages industry. Polydimethylsiloxane is used as an antifoaming agent in cooking oils to prevent oil splatter. Moreover, it is used in fast foods such as French fries, Chicken McNuggets, milkshakes, hash browns, and smoothies. For instance, according to the Ministry of Food Processing Industries (MOFPI), the total consumption of food and beverages in India was valued at US$ 369 billion in 2017 and is expected to increase to US$ 1.142 trillion by 2025.

• Asia Pacific is the fastest growing region in the global polydimethylsiloxane (PDMS) market in 2017, due to increasing demand for PDMS in medical devices such as lab-on-a-chip (LOC) devices, 3D tissue culture platforms, biological machines, and organ-on-a-chip devices. Owing to its various properties such as elasticity, transparency, nontoxicity and durability PDMS is widely used in medical devices. Further steadily growing medical device market in the region is supporting the growth of the PDMS market. For instance, according to the India Brand Equity Foundation (IBEF), Indian medical devices market was valued at US$ 10 billion in 2017 and is expected to reach US$ 25 billion by 2025.

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RESEARCH METHODOLOGY
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