PDMS Market | Key players operating in the market include DowDuPont Inc., Shin-Etsu Chemical, Wacker Chemie AG, Avantor, Elkem ASA

According to recent market research "PDMS Market by Type (LMW, HMW, UHMW), Form (Elastomers, Fluids, Resins), End-Use Industries (Industrial Process, Building & Construction, Household & Personal Care, Electrical & Electronics, Transportation, Healthcare) and Region - Global Forecast to 2024", The polydimethylsiloxane (PDMS) market size is projected to grow from USD 4.0 billion in 2019 to USD 5.2 billion by 2024, at a CAGR of 6.0% during the forecast period. This growth is attributed to the increasing demand for PDMS in industries such as personal care, medical, automotive, and construction, among others. Also, the rising demand for PDMS from developing economies of the world owing to the growth in cosmetics, personal care, and other industries are expected to boost the growth of this market.

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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. 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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The global 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%, between 2019 and 2024. 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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DowDuPont Inc. (US) is one of the major players operating in the PDMS market. The company was formed as a result of the merger between Dow Chemical Company and DuPont in 2017. DowDuPont Inc. is divided into three publically traded companies, namely, Corteva Agriscience, Dow Inc., and DuPont. The company offers products for the polydimethylsiloxane market through its subsidiaries Dow Inc. and DuPont. The company has a strong geographical presence with operation in more than 90 countries globally.

Shin-Etsu Chemical Co., Ltd. (Japan) is one of the leading players in the PDMS market. The company operates through six business segments, namely, PVC/Chlor-alkali, Silicones, Specialty Chemicals, Semiconductor Silicon, Electronics & Functional Materials, and Processing, Trading & Specialized Services. The company provides products for polydimethylsiloxane market through its silicones business segment. The company has a strong R&D base in five countries with production and sales facilities in 27 countries.

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