Polydimethylsiloxane Market - Forecast(2021 - 2026)
Polydimethylsiloxane market is forecast to reach $3.5 billion by 2026. The market is expected to grow at a CAGR of 5.5% during 2021-2026 owing to the increasing usage of polydimethylsiloxane (also known as dimethicone) in various end-use industries such as transportation, healthcare, construction, and more. It provides a surface that has a low interfacial free energy, is chemically inert, good gas permeability and good thermal stability, and is optically transparent due to which it is extensively used in various end-use industries. Additionally, the cost-efficient and environment-friendly properties of polydimethylsiloxane drive market growth. Globally, the flourishing construction industry and growing demand from the automotive industry are the prime growth drivers of the polydimethylsiloxane market. Thus, it is anticipated that all these factors are driving the growth of the polydimethylsiloxane market in various end-use industries during the forecast period. The building and cons...