Polysiloxane Market Forecast (2020 - 2025)

Polysiloxane Market is forecast to reach $1.97 billion by 2025, after growing at a CAGR of 4.5% during 2020-2025. Polysiloxane, also known as silicon polymer is an inorganic polymer that does not include carbon atoms in the backbone. Inorganic silicon-based polymers are inherently resistant to temperature, ultraviolet light and oxidation and are used as coating binders in polymer coatings.  The market for polysiloxane is driven by several factors, such as increasing the use of protective and industrial coatings, vast applications in the healthcare industry, and augmenting usage in optoelectronic applications. The report covers Polysiloxane Market size by type and applications, Polysiloxane Market share by top 5 companies and also the market share by start-ups during the forecast period.

Report Coverage

The report: “Polysiloxane Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polysiloxane Market.

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Key Takeaways

• Because of superior UV-resistance characteristics of polysiloxane, polymer coatings have been increasingly used on bridges in recent years.
• Nanostructured superhydrophobic polysiloxane coatings are used for high barrier and anticorrosion applications in marine environment.
• Nanotechnology in polysiloxane coatings is likely to act as an opportunity during the forecast period.

By Application - Segment Analysis

Paints & Coatings segment held the largest share of the polysiloxane market in 2019. Owing to their unique chemistry and robust chemical structure, which results in superior long-term color retention, glossy effect, resistance against chalking, fading, and corrosion, polysiloxane paints, and coatings have been prominent among other coating materials and are increasingly favored as viable protective and industrial coating solutions. They are being used in various applications, including industrial, military, recreational, and other infrastructure applications, such as roller coasters, marine vessels, water tanks, oil platforms, bridges, smokestacks, and others. As these industrial applications are expected to continue to grow, the market is also expected to grow during the forecast period.

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By End-User - Segment Analysis

Organo-electronic Materials segment held a significant share in the polysiloxane market in 2019. Polysiloxane are used in the manufacturing of organic light-emitting diodes (OLEDs), electrical memories, liquid crystalline materials and solar cells owing to their good solubility, film-forming ability, and excellent heat radiation, fair adhesion to various substrates, non-toxic characteristics, superior thermal and chemical resistivity and low dielectric constants. Such positive growth trends are expected to increase the consumption of polysiloxane in organoelectronic materials, during the forecast period.

Geography - Segment Analysis

Asia Pacific dominated the polysiloxane market with a share of more than 36% during the forecast period. In various countries such as China and India, high investments are being made for industrial growth and development. Owing to its large production base of adhesives & sealants, medical devices, electronics and elastomers, China dominated the Asia-Pacific segment. The growth in various end-user industries, continuous investments, and support from the regional governments are expected to drive the Asia-Pacific segment of the polysiloxane market during the forecast period.

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