PDMS Market Worth $5.2 Billion by 2024 - Exclusive Report by MarketsandMarkets

CHICAGO, July 2, 2019 /PRNewswire/ -- According to the new market research report "PDMS Market by Type (LMW, HMW, UHMW), Form (Elastomers, Fluids, Resins), End-Use Industries (Industrial Process, Building & Construction, Household & Personal Care, Electrical & Electronics, Transportation, Healthcare) and Region - Global Forecast to 2024", published by MarketsandMarkets, the Polydimethylsiloxane (PDMS) Market size is projected to grow from USD 4.0 billion in 2019 to USD 5.2 billion by 2024, at a CAGR of 6.0% during the forecast period.

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Browse in-depth TOC on "PDMS Market"
82 – Tables
54 – Figures
148 – Pages

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Low-molecular weight PDMS segment is estimated to dominate the overall market.

Low-molecular weight polydimethylsiloxane is used majorly as a lubricant, antifoaming agent, and hydraulic fluid. It also finds its applications as laboratory bath fluids, heat transfer fluids, dielectric fluids, and others in various application industries. The increasing demand for these products from the industrial processes, building & construction,  and automotive sectors owing to infrastructural development and increasing commercial & private vehicle are driving the demand for low-molecular weight PDMS.

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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.