The North American Polysiloxane Market is estimated to exhibit a modest CAGR of 3.8% 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. In the personal care and cosmetics industry being an amine-functionalized amodimethicones works as an excellent hair conditioner to offer improved compatibility, softness, and lessening frizz. Enhanced thermal stability, weathering resistance, low surface tension, hydrophobicity, release, and lubricating properties are some of the key characteristics of polysiloxane that make them suitable for use in the cookware making industry.
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In the healthcare industry, the polysiloxane is used in the manufacturing of gaskets, seals, and shrouds that requires the use of a material having high biocompatibility. The US is anticipated to hold a major market share in the Polysiloxane Market. The US is the home to several top pharmaceutical companies and their manufacturing base. The high level of pharma products in the country is anticipated to create the demand for polysiloxane for coating application. Therefore, the rising adoption of polysiloxane for the coating of medicines is anticipated to drive the growth of the Polysiloxane Market across the region.
Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Application, By End-User Industry
- Regions Covered- North America
- Competitive Landscape- Wacker Chemie AG, 3M Co., Akzo Nobel N.V., Evonik Industries AG, Huntsman International LLC, Merck KGaA, and so on
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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?
North American 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
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