Category: Business

The 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" 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. This growth is attributed to the increasing demand for PDMS in industries such as personal care, medical, automotive, and construction, among others. Also, the rising demand for PDMS from developing economies of the world owing to the growth in cosmetics, personal care, and other industries are expected to boost the growth of this market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=35578582 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 vehicles are driving the demand for low-molecular-weight PDMS.