Market Size of Polysiloxane Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 1.34 Billion |
| Market Size (2029) | USD 1.74 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polysiloxane Market Analysis
The Polysiloxane Market size is estimated at USD 1.34 billion in 2024, and is expected to reach USD 1.74 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
- The market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility wherein industries, such as transportation, infrastructure, etc., were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
- The major factors driving the growth of the market studied are the growing usage of protective and industrial coatings and vast applications in the healthcare industry. Technological drawbacks and incompatibility with a few other materials or additives are likely to hinder the growth of the market.
- Continuous R&D of polysiloxane technologies for the development of newer applications is likely to create opportunities for the market in the coming years. Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
