POLYDIMETHYLSILOXANE (PDMS) MARKET ANALYSIS

Polydimethylsiloxane (PDMS) MarketSize and Trends

Market Trends

• Among application, antifoaming agents segment held significant market share in the polydimethylsiloxane (PDMS) market across the globe in 2017. This is due to increasing demand for antifoaming agents from food and beverages industry. Polydimethylsiloxane is used as an antifoaming agent in cooking oils to prevent oil splatter. Moreover, it is used in fast foods such as French fries, Chicken McNuggets, milkshakes, hash browns, and smoothies. For instance, according to the Ministry of Food Processing Industries (MOFPI), the total consumption of food and beverages in India was valued at US$ 369 billion in 2017 and is expected to increase to US$ 1.142 trillion by 2025.
• Asia Pacific is the fastest growing region in the global polydimethylsiloxane (PDMS) market in 2017, due to increasing demand for PDMS in medical devices such as lab-on-a-chip (LOC) devices, 3D tissue culture platforms, biological machines, and organ-on-a-chip devices. Owing to its various properties such as elasticity, transparency, nontoxicity and durability PDMS is widely used in medical devices. Further steadily growing medical device market in the region is supporting the growth of the PDMS market. For instance, according to the India Brand Equity Foundation (IBEF), Indian medical devices market was valued at US$ 10 billion in 2017 and is expected to reach US$ 25 billion by 2025.
• Europe accounted for significant market share in the global polydimethylsiloxane (PDMS) market in 2017. This is owing to increasing demand for PDMS in personal care and cosmetic products. Polydimethylsiloxane (PDMS) is used as an ingredient in skin care and beauty products, due to its ability to serve as an anti-foaming agent, conditioner, and skin protectant. For instance, according to the United States Department of Commerce, cosmetic industry in Germany was valued at US$ 14.3 billion in 2016.
• North America held a significant market share in the global polydimethylsiloxane (PDMS) market in 2017, due to increasing demand for PDMS in confectionery products. Polydimethylsiloxane is used as an anti-caking and antifoaming agent in confectionery, flour products, and in edible oils. For instance, according to the United States Department of Agriculture (USDA), the U.S confectionery market is divided into three major countries, in that Canada accounted for 42% of the total confectionery market.