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 6.0%. Increasing industrial output in the developing regions, such as APAC, the Middle East & Africa, and South America are expected to drive the PDMS market.

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The growing economy, cheap labour availability, increasing demand from customers, and the development of the manufacturing sector is expected to boost the industrial process, which will further drive the PDMS demand. Similarly, the growth of personal care & cosmetic and construction industries owing to increasing income level and standard of living is another factor expected to drive the PDMS market in these regions.

Based on type, the PDMS market is segmented into low-molecular weight, high-molecular weight, and ultra-high molecular weight. High-molecular weight polydimethylsiloxane is expected to be the fastest-growing type of the PDMS market. It is widely used in applications such as shampoo, hair conditioner, caulks, sealants, and soft lithography. The increasing demand for high-molecular weight polydimethylsiloxane-based elastomers & fluids from the personal care industry will majorly drive the growth of high-molecular weight polydimethylsiloxane market.

Based on end-use industry, the PDMS market is segmented into an industrial process, building & construction, household & personal care, electrical & electronics, transportation, and healthcare, among others. The industrial process is expected to be the largest as well as the fastest-growing end-use industry of PDMS.

Polydimethylsiloxane is considered ideal to be used in various industrial applications owing to its properties such as resistance to high pressure, high temperature, and chemical reactions.

PDMS is used majorly in applications such as lubricants, industrial coatings, and anti-foaming agents in offshore drilling and paper production, and paint additives. The major driving factor for polydimethylsiloxane in the industrial process is the growing manufacturing industry globally.

The PDMS market in APAC is projected to register the highest CAGR between 2019 and 2024. The region is emerging as the fastest-growing market for the chemical due to the increasing consumption of polydimethylsiloxane-based elastomers, resins, and fluids in industrial processes, building & construction, personal care & consumer products, transportation, and electronics. Thus, the huge capital investment in capacity expansion, R&D, and new product launch, across these industries is expected to drive the PDMS market in the region.

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Further, Wacker Chemie AG has also expanded its production facility of functional silicone fluids at Amtala near Kolkata. The expansion will help the company the increasing demand from industries such as textile, personal-care, rigid and flexible polyurethane foam, and agrochemical sectors. Thus, the growing opportunities for the PDMS manufacturers in APAC are expected to drive the PDMS market in the region.

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