The Asia-Pacific Polysiloxane Market is estimated to exhibit a modest CAGR of 4.8% during the forecast period. The increasing use of polysiloxane in a wide range of end-user industries including automotive, coating, building and construction, and personal care & cosmetics among others is one of the major factors to drive the growth of the regional market. Enhanced thermal stability, weathering resistance, low surface tension, maintaining elasticity at low temperatures, hydrophobicity, surface activity, release, and lubricating properties are some of the key characteristics of polysiloxane that makes them suitable for use in different industrial application.
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The chemical properties of polysiloxane including high thermal stability in the range 300 to 500°C, mechanical strength, and adhesion to the metals make them a suitable fit for the coating of automotive parts. The coating of the polysiloxane facilitates the protection of automobile parts from corrosion and other damages, hence, doubles the lifetime of the automobile. The growing automobile industry across the globe is creating the demand for polysiloxane for coating purposes, thereby contributing towards the growth of the regional market growth.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Application, By End-User
- Regions Covered- Asia-Pacific
- Competitive Landscape- Wacker Chemie AG, 3M Co., Evonik Industries AG, Mitsubishi Chemical Corp., Shin-Etsu Chemical Co., Ltd., and The Dow Chemical Company
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Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific Polysiloxane Market report Segment
By Application
- Medical
- Paints & Coatings
- Adhesives and Sealants
- Elastomers
- Organo Electronic Materials
- Fabrics
- Others
By End-User Industry
- Healthcare
- Oil & Gas
- Power
- Infrastructure
- Transportation
- Electronics
- Food & Beverage
- Textile
- Other
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
