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Replacement of Hydrocarbon-Based Products With PDMS Fluid-Based Products

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Rohna Patnakar
Replacement of Hydrocarbon-Based Products With PDMS Fluid-Based Products

The Polydimethylsiloxane (PDMS) Market size is estimated at USD 4.0 billion in 2019 and is projected to reach USD 5.2 billion by 2024, at a CAGR of 6.0%.

Browse 82 market data Tables and 50 Figures spread through 135 Pages and in-depth TOC on "PDMS Market”.

The key players in the PDMS market are 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).

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Recent Developments

  • In April 2019, CHT Group expanded its production base with the inauguration of its new pilot plant in Dusslingen, Germany. The expansion is the part of the company’s strategy to optimize the process for the smooth transition of products from laboratory to production units. Further, the plant will be used for sample product development for customer trials and new process technology testing.
  • In October 2018, KCC Corporation, along with Wonik Group and SJL Partners, signed an agreement to acquire Momentive Performance Materials Inc. (US) for USD 3.2 billion. The acquisition will help KCC to strengthen its silicone product portfolio.
  • In March 2018, Wacker Chemie AG launched a new polydimethylsiloxane-based silicone fluid range namely BELSIL which comprises of six silicone fluids. The product will be used in cosmetic applications such as formulation of moisturizing creams, lotions, sunscreens, shampoos, and others due to its viscosity range between 5 to 60,000 centistokes.
  • In March 2018, Wacker Chemie AG expanded its production facility with the opening of its new hydrosilylation plant for manufacturing functional silicone fluids at Amtala near Kolkata. The expansion will help the company to cater to increasing regional demand for specialty silicone form industries such as textile, personal-care, rigid and flexible polyurethane foam, and agrochemical sectors.

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DowDuPont Inc. (US) is one of the major players operating in the PDMS market. The company was formed as a result of the merger between Dow Chemical Company and DuPont in 2017. DowDuPont Inc. is divided into three publically traded companies, namely, Corteva Agriscience, Dow Inc., and DuPont. The company offers products for the polydimethylsiloxane market through its subsidiaries Dow Inc. and DuPont. The company has a strong geographical presence with operation in more than 90 countries globally.

Shin-Etsu Chemical Co., Ltd. (Japan) is one of the leading players in the PDMS market. The company operates through six business segments, namely, PVC/Chlor-alkali, Silicones, Specialty Chemicals, Semiconductor Silicon, Electronics & Functional Materials, and Processing, Trading & Specialized Services. The company provides products for polydimethylsiloxane market through its silicones business segment. The company has a strong R&D base in five countries with production and sales facilities in 27 countries.

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