[FURL=https://www.industryarc.com/Report/16099/polydimethylsiloxane-market.html?utm_source=freeprnow&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Polydimethylsiloxane Market[/FURL] is forecast to reach $3.5 billion by 2026. The market is expected to grow at a CAGR of 5.5% during 2021-2026 owing to the increasing usage of polydimethylsiloxane (also known as dimethicone) in various end-use industries such as transportation, healthcare, construction, and more. It provides a surface that has a low interfacial free energy, is chemically inert, good gas permeability and good thermal stability, and is optically transparent due to which it is extensively used in various end-use industries. Additionally, the cost-efficient and environment-friendly properties of polydimethylsiloxane drive market growth. Globally, the flourishing construction industry and growing demand from the automotive industry are the prime growth drivers of the polydimethylsiloxane market.Key Takeaways
Asia Pacific dominates the polydimethylsiloxane market, owing to the flourishing building and construction sector in the region. In terms of value, the Indian construction industry is expected to record a CAGR of 15.7 percent to reach $ 738.5 billion by 2022, according to Invest India.
Due to the Covid-19 pandemic, most of the countries have gone under lockdown, due to which the building and construction projects are disruptively stopped, which is hampering the polydimethylsiloxane market growth.
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Polydimethylsiloxane Market Segment Analysis - By Application
The sealants segment held the largest share in the polydimethylsiloxane market in 2020, owing to the increasing usage of polydimethylsiloxane for manufacturing sealants. It provides a chemically inert surface, has good gas permeability and good thermal stability with low interfacial free energy, and is optically transparent. The polydimethylsiloxane based sealants are non-corrosive to electronic metals, including copper and brass, have low odor cure, releasing an alcohol vapor from the sealant surface during cure. They have excellent electrical insulation properties and are highly resistant to humidity, dust, dirt, UV, ozone, and chemical substances. Owing to these excellent characteristics that polydimethylsiloxane based sealants demand and applications are gradually on an upsurge, which is projected to flourish the polydimethylsiloxane market during the forecast period.
Polydimethylsiloxane Market Drivers
Increasing Automotive Production
Increasing Personal Care & Cosmetics Industry
polydimethylsiloxane market are Dow Du Pont Inc., Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Avantor, Inc., Elkem ASA, KCC Corporation, Dongyue Group Limited, Alfa Aesar, CHT Group, and Zhonghao Chenguang Research Institute of Chemical Industry.
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