Analysis Foresees Polydimethylsiloxane Market Reaching USD 2.8 Billion by 2034 with 5.4% CAGR
The global polydimethylsiloxane market will reach a valuation of USD 1.6 billion in 2024, owing to the factors such as rising demand in electronics industry. The trend is set to create new opportunities for the market, leading to a projected CAGR of 5.4% between 2024 and 2034, and reaching a total valuation of approximately USD 2.8 billion by 2034.
PDMS is increasingly being used in the energy sector for applications such as insulating materials, anti corrosion coatings, and lubricants in renewable energy systems and traditional energy infrastructure. The expansion of the energy sector, coupled with the need for durable and high-performance materials, presents opportunities for polydimethylsiloxane market.
Polydimethylsiloxane is used in the textile industry as a softener and water repellent agent for fabrics. There is a growing adoption of PDMS based finishes in textile manufacturing, driving market growth in the sector, with the increasing demand for textiles with enhanced comfort, performance, and durability.
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