Market Size ? USD 1640.32 Million in 2021, Market Growth - CAGR of 4.28%, Market Trends ?the increasing demand from electronics industry is widening the scope for Organosilicon Polymers?Polysiloxane?Market.
According to the current analysis of Introspective Market Research, the global Organosilicon Polymer (Polysiloxane) Market was valued at USD 1640.32 Million in 2021 and is expected to reach USD 2,199.56 Million by the year 2028, at a CAGR of 4.28%.
Polysiloxanes with the generic formula (?R2Si?O?)n, often known as silicone polymers or polyorganosiloxanes, have a backbone with alternate silicon and oxygen atoms connected to each silicon atom by two organic alternatives. Silicone polymers, also known as poly-dialkyl siloxanes, are a kind of inorganic polymer with a wide range of industrial uses. Their superb thermal and oxidative stability, excellent low-temperature flexibility, and strong resistance to weathering and numerous chemicals are the key reasons for their widespread use. Prostheses, artificial organs, artificial skin, catheters, facial reconstruction, contact lenses, and drug delivery systems are examples of medical applications, while non-medical applications include high-performance elastomers, membranes, electrical insulators, water repellants, anti-foaming agents, mould release agents, adhesives, and protective coatings, release control agents for agricultural chemicals, and hydraulic, heat-transfer, and dielectric fluids are examples of non-medical applications.
The highest demand for organosilicon Polymers (Polysiloxane) in the construction sector, as well as the growing automotive industry, which is preferring cleaner and greener material sources due to strict emission regulations, particularly in the US, EU countries, India, China, and other Southeast Asian countries, is driving market growth. They're also used extensively in the application of protective and industrial coatings. These compounds are also widely used as fire retardants in a wide range of materials. Furthermore, major factors such as product innovation, technology development, and the growth of the automotive and construction industry in developing economic regions such as the Middle East and Africa, and Latin America are projected to produce new demands and growth opportunities for the key players in the Organosilicon Polymers (Polysiloxane) Market in the upcoming years.
Organosilicon Polymer (Polysiloxane) Market is segmented by Type (Silicone Oil, Silicone Rubber, Silicone Resin, Silicone Emulsion), Application (Foams, Coatings, Adhesives and Sealants, Elastomers, Others), and Region.
Key participants such as BASF, BCI Holding, Carpenter, Covestro, DIC Corporation, Dow, Huntsman International, INOAC Corporation, Kuwait Polyurethane Industry w.l.l, LANXESS, Mitsui Chemicals, Recticel, Rogers Corporation, Sheela Foam, Tosoh Corporation, Wanhua Industrial Group, and others.
For this report, Introspective Market Research has segmented the Organosilicon Polymer (Polysiloxane) Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2021-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Turkey
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Vietnam
- Thailand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Iran
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of LATAM
