Polydimethylsiloxane Market To Witness Increased Revenue Growth Owing To Heightened Product Innovations : FactMR

Rockville, United States , 2022-Apr-14 — /EPR Network/ — Latest industry survey by Fact MR, predicts Polydimethylsiloxane sales to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges. The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

The report offers actionable and valuable market insights of Polydimethylsiloxane. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Polydimethylsiloxane Market across various industries and regions. The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Polydimethylsiloxane market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Polydimethylsiloxane

This newly published and insightful report sheds light on Market Insights of Polydimethylsiloxane, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Polydimethylsiloxane Market.

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Key Segments Covered in the Polydimethylsiloxane Market Report:

Type	Barrier Elastomers Fluids Resins Gels & Others
End-Use	Industrial Process Construction Personal Care Electronics Transport Health Care Others
Region	North America Latin America Europe East Asia South Asia & Oceania MEA

This taxonomy and the detailed Table of Contents prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.

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New Product Developments and Acquisitions will set the Bar

Global polydimethylsiloxane market is relatively fragmented with numerous regional and local players active in production of polydimethylsiloxane. DowDupont Inc., Wacker Chemie AG, and Elkem ASA are frontrunners with the highest market share and collectively account for 50% – 55% of revenue share.

To leverage the immense potential in the global polydimethylsiloxane market, several organic and inorganic strategies have been undertaken by prominent players. Also, manufacturers have been engaged in the development of new Polydimethylsiloxane based products.

For instance, in 2018, Wacker Chemie AG launched a silicone fluid for the cosmetics industry under the brand name BELSIL. Additionally, in 2017, DowDuPont material science division launched silicone-based home and personal care products under the brand name DOWSIL. Investments done by aforementioned companies will increase their market penetration and will meet the demand for polydimethylsiloxane over the forecast period.

Key Takeaways of Polydimethylsiloxane Market Study

• Industrial Process is projected to represent around one-third of the overall incremental opportunity created over the forecast period
• Elastomers among other polydimethylsiloxane types are estimated to surpass US$ 3.7 Bn by 2029 end owing to high demand from various end-use industries, such as construction and industrial applications
• Emerging applications of PDMS such as personal care & cosmetics and healthcare are likely to expand value growth of global market by 1.5X by 2029 end
• Fact.MR reports that demand for industrial process and construction end use industry of polydimethylsiloxane collectively accounts for around two-third of the global consumption and is poised to create absolute $ opportunity of US$ 1.3 Bn by 2029
• Personal Care among other end-use industries is likely to witness a striking growth of ~4-5% throughout the assessment period (2019-2029)
• As compared to developed regions, the sales of polydimethylsiloxane are envisaged to be higher in countries of East Asia.

“With the growing demand for self-healing composite materials, polydimethylsiloxane manufacturers have expanded their production capacity and R&D facilities to meet the growing demand from end-use industries” says the Fact.MR analyst.

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