The North American polysiloxane market is anticipated to showcase a considerable growth rate of 3.8% 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 North American. However, the cost of the material is a major factor that may restrain the growth of the polysiloxane market in the region. The presence of well-established healthcare industry is a key factor contributing to the high growth of the regional market. However, the incompatibility of polysiloxane with some other additive may restrain its high-level adoption in many end-user industries which may restrain the high growth of this market.
The 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 application, paints & coating are anticipated to hold a major market share in the polysiloxane market. Growing investment in the construction industry, automotive industry, and transportation industry is a key factor contributing to the growth of this market segment. Based on the end-user industry, the polysiloxane market is segmented into healthcare, oil & gas, power, infrastructure, transportation, electronics, food & beverage, textile, and others.
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North American 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
- North America
- US
- Canada
Company Profiles
- 3M Co.
- Akzo Nobel N.V.
- ALTANA
- Biro Technology, Inc.
- Elkay Chemicals Pvt. Ltd.
- Elkem ASA
- Evonik Industries AG
- Gelest, Inc.
- Huntsman International, LLC
- Merck KGaA
- Mitsubishi Chemical Corp.
- Reltek, LLC
- Restek Corp.
- Shin-Etsu Chemical Co., Ltd.
- Silchem, Inc.
- Specialty Silicone Products, Inc.
- Supreme Silicones
- Tempo Aerospace, Inc.
- The Dow Chemical Company
- The Sherwin-Williams Company
- Wacker Chemie AG
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