The Asia-Pacific polysiloxane market is anticipated to showcase a considerable growth rate of 4.8% during the forecast period. The growing utility of polysiloxane in healthcare, transportation, electronics, and food & beverages among other industries owing to its offered benefits such as heat resistance, dielectric properties, and weatherability is a key factor contributing towards the growth of the polysiloxane market across the Asia-Pacific region. However, the cost of the material is a major factor that may restrain the growth of the polysiloxane market in the region. The increasing construction activities and growing automobile industry are the key promoters of the polysiloxane market in the region.
The Asia-Pacific polysiloxane market is segmented based on the application and end-user industry. Based on application, the market is segmented into medical, paints & coatings, adhesives and sealants, elastomers, organic electronic materials, fabrics, and others. Based on the end-user industry, the polysiloxane market is segmented into healthcare, oil & gas, power, infrastructure, transportation, electronics, food & beverage, textile, and others. The food & beverage industry of the region is anticipated to grow significantly due to the growing demand for food with the increasing population. According to India Brand Equity Foundation, the retail food sector in India is likely to grow from around $70 billion in 2008 to $150 billion by 2025. The ability of polysiloxane to repel water and form watertight seals is a key characteristic of polysiloxane which makes it suitable for use in food & beverage packaging applications.
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Asia-Pacific Polysiloxane Market Segmentation
By Application
- Medical
- Paints & Coatings
- Adhesives and Sealants
- Elastomers
- Organic Electronic Materials
- Fabrics
- Others
By End-User Industry
- Healthcare
- Oil & Gas
- Power
- Infrastructure
- Transportation
- Electronics
- Food & Beverage
- Textile
- Other
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Regional Analysis
- China
- India
- Japan
Rest of Asia-Pacific
Company Profiles
- 3M Co.
- Akzo Nobel N.V.
- ALTANA
- Elkay Chemicals Pvt. Ltd.
- Elkem ASA
- Evonik Industries AG
- Huntsman International, LLC
- Merck KGaA
- Mitsubishi Chemical Corp.
- Shin-Etsu Chemical Co., Ltd.
- The Dow Chemical Company
- Wacker Chemie AG
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