The increasing demand for PDMS from industries such as personal care, medical, automotive, construction and others owing to properties such as durability, dielectricity, adhesion, foam control, and others is one of the major factors driving the global PDMS demand during the forecast period.
New York, Jan. 21, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "PDMS Market by Type, Form, End-Use Industries and Region - Global Forecast to 2024" - https://www.reportlinker.com/p05793708/?utm_source=GNW
Further, the growing preference of PDMS fluid-based products in place of hydrocarbon-based traditional products owing to its high resistant towards temperature extremes, oxidation, shear stresses, and chemicals are expected to drive this market.Also, the increasing PDMS demand from developing economies of the world is another factor driving the PDMS market.
However, the regulatory policies for PDMS such as Food Contact Material (FCM) in Europe and Food and Durg Authority (FDA) are expected to restrain the market growth during the forecast period.
High-molecular weight is the fastest-growing type of PDMS.
High-molecular is expected to be the fastest-growing type of PDMS between 2019 and 2024.High-molecular weight polydimethylsiloxane is used as a damping fluid in a variety of Environmental Sensing Devices (ESDs) such as accelerometers and rolamites.
It is also used in soft lithography under biomedical microelectromechanical systems. The demand for high-molecular weight PDMS is driven majorly by its increasing consumption of hair care and skin care applications under the personal care industry.
Elastomer is the largest form of PDMS.
Based on form, PDMS market is divided into elastomer, fluid, resin, and others.Elastomers are expected to be the most extensive form of PDMS used for numerous applications during the forecast period.
The increasing demand for PDMS elastomers in industries such as household & personal care and electrical & electronics is expected to drive the PDMS market. PDMS elastomers are used for various applications under these industries such as sealants, the raw material for microfluidic devices, stretchable electronics, and others.
APAC is the largest as well as the fastest-growing market for PDMS.
APAC is projected to be the largest and fastest-growing PDMS market during the forecast period, owing to the presence of strong and developing industries, such as construction, automobile, household & personal care, and electronics.Factors such as abundant availability of raw materials at lower costs, high economic growth rate, and lower labor & transportation costs are expected to drive the PDMS market in the region.
PDMS is used majorly as a lubricant, anti-foaming agent, heat transferring fluid, and others in the industries mentioned above. The increasing demand for PDMS for these industries has further motivated a large number of manufacturers to expand their business in this region.
Extensive primary interviews were conducted in the process of determining and verifying sizes of different types, forms, and end-use industry of the PDMS market gathered through secondary research.
The breakdown of primary interviews is given below:
• By Company Type: Tier 1 – 45%, Tier 2 – 22%, and Tier 3 – 33%
• By Designation: C-Level Executives – 50%, Director-Level – 25%, and Others – 25%
• By Region: North America – 50%, Europe – 20%, APAC – 20%, and South America – 10%,
The key companies profiled in this report on the PDMS market include 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 has been segmented based on type, form, end-use industries, and region.This report covers the PDMS market and forecasts its market size until 2024.
It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the PDMS market.The report also provides insights into the drivers and restraints in the PDMS market along with opportunities and challenges.
The report also includes profiles of top manufacturers in the PDMS market.
Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways:
1. This report segments the PDMS market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.
2. This report is expected to help stakeholders understand the pulse of the PDMS market and provide information on key market drivers, restraints, challenges, and opportunities influencing the market growth.
3. This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the PDMS market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as new product developments, expansions, joint ventures, and mergers & acquisitions.
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