Market Size of Polydimethylsiloxane (PDMS) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polydimethylsiloxane Market Analysis
The Global Polydimethylsiloxane (PDMS) Market is projected to register a CAGR of over 4% during the forecast period (2021-2026).
The market was negatively impacted by COVID-19 in 2020. PDMS is used in the production of adhesives, coatings, and sealants in the construction industry. Furthermore, PDMS is also used in the fabrication of light-emitting diodes, field-effect transistors, and is also used in different wearable electronic devices. Considering the pandemic scenario, the electrical and electronics manufacturing, and construction activities were temporarily stopped during the government-imposed lockdown to curb the spread of new COVID-19 cases, thereby decreased the demand for PDMS from the construction and electronics industry. However, the demand for microfluidic chips based on polydimethylsiloxane (PDMS) has been increased during the current situation. Microfluidics is used to improve existing diagnostic tools, to render them more accurate, efficient, and less costly. Owing to this factor, the demand for the market studied has increased.
- Over the short term, the increasing demand for PDMS from the household and personal care segment and rising demand for PDMS elastomers are expected to drive the market's growth.
- On the flip side, unfavorable conditions arising due to the COVID-19 outbreak are expected to hinder the market's growth.
- Asia-Pacific region is expected to be the largest market due to the large-scale consumption of polydimethylsiloxane products across various sectors in the region.
