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DowDuPont Inc. (US) is one of the major players operating in the PDMS market

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Rohna Patnakar
DowDuPont Inc. (US) is one of the major players operating in the PDMS market

The global 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%, between 2019 and 2024. Polydimethylsiloxane, or dimethylpolysiloxane or dimethicone, is a type of silicone oil with optically clear, inert, non-toxic, and non-flammable properties. PDMS is categorized into three types, namely, low-molecular weight, high-molecular weight, and ultra-high molecular weight based on their molecular weight, viscosities, and chemical compositions. The major applications of PDMS include medicines, cosmetics, hydraulic fluids, surfactants, coating, and domestic products, among others.

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). The PDMS market report analyzes the key growth strategies adopted by the leading market players, between 2014 and 2019, which include expansions, new product developments, and merger & acquisitions.

Elastomers are projected to be the fastest-growing form of PDMS during the forecast period.

Elastomers are projected to be the fastest-growing form of PDMS during the forecast period. PDMS elastomers are highly non-reactive, stable, and resistant to extreme environments and temperature ranges. Its properties such as nontoxicity, biocompatibility, elasticity, transparency, durability, long shelf and others makes it ideal to be used in end-use industries such as household & personal care, healthcare, electrical & electronics, and others. Thus, the expected growth of these industries will drive the elastomers market during the furcate period.

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The industrial process is estimated to be the largest end-use industry of PDMS during the forecast period.

The industrial process is estimated to be the largest end-use industry of PDMS during the forecast period. PDMS is highly used in various industrial applications owing to its properties such as resistance to high pressure, high temperature, and others. Some of the major industrial applications consuming PDMS are industrial coatings, anti-foaming agents in oil & gas extraction, paint additives and others. Thus, the expected growth of these applications owing to the development of industries such as construction, automotive, oil & gas, and others are expected to drive the PDMS demand.

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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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.

In September 2017, The Dow Chemical Company and E.I.du Pont de Nemours & Company successfully merged their businesses to create DowDuPont. The holding company will operate with three business divisions, namely Agriculture, Materials Science, and Specialty Products.

Read More At https://www.marketsandmarkets.com/PressReleases/polydimethylsiloxane-pdms.asp

 

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