Polysiloxane Resin Market Report Overview
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The global polysiloxane resin market size was USD 1096 million in 2022 and market is projected to touch USD 1700.2 million in 2031, exhibiting a compound annual growth rate (CAGR) of 5.0% during the forecast period.
A general class of polymers known as silicones, or polysiloxanes, have silicon-oxygen backbones with organic groups, usually methyl groups, connected to the silicon atoms. Silicone resins, also known as polysiloxane resins, are polymers having a siloxane (silicon-oxygen) lattice that contains at least a fraction of silicate (SiO4/2) or silsesquioxane (R-SiO3/2) structures, where R denotes different alkyl or aryl chemical groups (most commonly methyl or phenyl). Silicone resins show stronger resilience to heat and radiation deterioration than organic resins (with their carbon-carbon backbone). The strength of the silicon-oxygen link (108 vs. 82.6 kcal/mole for the carbon-carbon bond), transparency to visible and ultraviolet light, and the naturally occurring partly oxidised structure are all factors in silicone resins' long life. Under our feet, we may find proof of this stability claim. The most prevalent chemical link on the planet is the silicon-oxygen connection.
The polysiloxane resin market size is anticipated to increase as a result of rising demand for polysiloxane resin from a variety of end-use sectors, including construction, automotive, and electronics. Due to its exceptional qualities, including great heat resistance, a low coefficient of friction, and superior electrical insulating characteristics, polysiloxane resins are widely utilised in the construction and automotive sectors. Due to their excellent dielectric qualities, they are also utilised in electrical and electronic applications. Due to the rising demand from emerging nations like China, India, and South Korea, the Asia Pacific area is predicted to have the fastest expanding market for polysiloxane resin. The largest end-use market for polysiloxane resin is the construction sector, which is anticipated to expand throughout the projected period. The second-largest end-use industry is the automobile sector. The fastest-growing end-use sector is anticipated to be the electronics sector.
COVID-19 Impact: Market Sees Slump In Sales Due To Lockdown Restrictions
The polysiloxane resin market has been influenced by Covid 19 in a number of ways. First off, the pandemic has resulted in a decline in demand from a number of end-use sectors, which has had an effect on the cost of polysiloxane resins. Automobile, building, and electronics are just a few of the sectors that employ polysiloxane resins. Production delays and interruptions in various industries have been brought on by the lack of these resins. One of the sectors most impacted by the polysiloxane resin shortage is the automobile sector. These resins are needed in huge numbers for the automotive industry, and the scarcity has caused manufacturing problems and delays. The lack of polysiloxane resin is also having an effect on the building sector. There is a scarcity of these resins, which has caused delays and disruptions in the construction industry. Second, the supply chain for polysiloxane resins has been interrupted by the lockdown measures adopted by various countries across the world, creating a scarcity in the market.
Latest Trends
"Increasing Demand For Polysiloxane Resins In The Cosmetics And Personal Care Sectors"
In recent years, the cosmetics and personal care sectors have seen a rise in the use of polysiloxane resins, a form of silicone resin. These resins are renowned for their exceptional capacity to give items a silky, smooth feel and for being water- and oil-resistant. This makes them perfect for usage in a wide range of cosmetic and personal care products, from foundations and lipsticks to body lotions and hair care items. Additionally, polysiloxane resins are extensively employed in medical applications, including contact lenses and breast implants.
There are a lot of reasons why polysiloxane resins are becoming more and more popular. First, people are becoming more and more conscious of the value of utilizing goods with natural components. Since silicone resins are thought to be more natural than other types of resins, individuals are more inclined to buy cosmetic and personal care goods that include them. Second, businesses are constantly seeking for methods to set their goods apart from those of their rivals as the cosmetics and personal care industry have grown more competitive. Utilizing polysiloxane resins enables businesses to develop distinctive compositions that provide customers with a variety of advantages. Last but not least, the cost of polysiloxane resins has decreased recently, making them more accessible to businesses. Overall, a variety of variables are behind the rising demand for polysiloxane resins. The usage of these resins is projected to increase as consumers become more aware of the value of employing natural ingredients in their cosmetic and personal care products and as the cosmetics and personal care industries become more competitive.
Polysiloxane Resin Market SEGMENTATION
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- By type
Depending on polysiloxane resin given are types: methyl polysiloxane resin, methylphenyl polysiloxane resin and others. The methyl polysiloxane resin type will capture the maximum market share through 2031.
- By Application
The market is divided in paints & coatings, adhesives & sealants, silicone plastics and others based on application. The global polysiloxane resin market players in cover segment like paints & coatings will dominate the market share during 2031.
Driving Factors
"Growing Utilization Of Polysiloxane In Paints And Coatings Is Boosting Market Size"
All types of infrastructure—rail, roads, bridges, public parks, etc.—are constantly exposed to harsh circumstances. Polysiloxane coatings offer fire, high-temperature, and corrosion protection to maintain the structural stability and aesthetic appeal of the building materials. Mild steel continues to be the preferred metal for construction in the railway industry because of its affordability, mechanical strength, and simplicity of manufacture. The biggest disadvantage of using this metal is that it corrodes quickly in harsh climates. It rapidly loses strength if not correctly protected, which might lead to structural failure. In order to prevent corrosion, polysiloxane coatings with this property are placed to the rails' exterior.
"Growing Demand For Polysiloxane Resins From The Construction And Automotive Sectors Is Fueling The Market's Expansion"
Sealants, adhesives, encasements, and coatings are made with polysiloxane resins in the construction and automobile sectors. One of the biggest consumers of adhesives and sealants is the building sector. In the construction industry, polysiloxane resins are widely used as coatings, sealants, and adhesives. Energy efficiency and lightweight cars are increasing trends in the automobile industry. In the manufacturing of automobile paints, sealants, and adhesives, polysiloxane resins are employed. UV ray, corrosion, and abrasion protection are provided by automotive coatings. During the projected period, the growing use of polysiloxane resins in the automotive and construction sectors is anticipated to propel polysiloxane resin market growth.
Restraining Factors
"Market Growth Might Be Hampered By Polysiloxane Resin Toxicity"
It is impossible to generalise regarding non-toxic behaviour for a number of poly-siloxanes, including polydimethylsiloxane (PDMS). Ionic migration, toxicity, and absorption in both the human and animal body are influenced by the structure and size of the molecule. The silicones' safety is a more pressing concern, particularly when it comes to interaction with people, kids, and babies. Over the course of the projected period, polysiloxane resin market share is anticipated to be constrained by polysiloxane's toxicity.
Polysiloxane Resin Market Regional Insights
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"Largest Market Share Will Belong To And Be Dominated By North America "
The North American market is further divided into the United States, Mexico, and Canada. The largest market in North America for polysiloxane resins is the United States. During the projection period, the U.S. construction and automotive sectors' expansion is anticipated to fuel demand for polysiloxane resins. The second-largest market in North America for polysiloxane resins is Mexico. During the projected period, the demand for polysiloxane resins is anticipated to be driven by the expansion of Mexico's construction sector. In North America, Canada is the third-largest market for polysiloxane resins. During the projection period, it is anticipated that Canada's expanding automotive and construction sectors would fuel demand for polysiloxane resins. The polysiloxane resin market share is being propelled by the expanding demand for polysiloxane resins from the automotive and construction sectors. The largest end-use market for polysiloxane resins is the construction sector, and throughout the forecast period, it is anticipated to expand significantly. The second-largest end-use market for polysiloxane resins is the automobile sector. During the forecast period, the demand for polysiloxane resins market size is anticipated to be driven by the expansion of the automotive sector in North America.
In Europe, the main end-user of polysiloxane resins is the automobile sector. Due to the rising need for lightweight and fuel-efficient automobiles, the market for polysiloxane resins in the automotive sector is anticipated to increase significantly. A further significant end-use for polysiloxane resins is the building sector. Due to the escalating building activity in the area, the demand for polysiloxane resin market growth in the construction sector is anticipated to increase significantly.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Dow (U.S.)
- Wacker Chemie (Germany)
- Evonik (Germany)
- Shin-Etsu Chemical (Japan)
- Kaneka (Japan)
- Elkem (Norway)
- Momentive (U.S.)
- BRB BV (Netherland)
- Zhejiang Runhe (China)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1096 Million in 2022 |
Market Size Value By |
US$ 1700.2 Million by 2031 |
Growth Rate |
CAGR of 5% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global polysiloxane resin market expected to touch by 2031?
The global polysiloxane resin market is expected to touch USD 1700.2 million by 2031.
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What CAGR is the Polysiloxane Resin Market expected to exhibit during 2031?
The Polysiloxane Resin Market is expected to exhibit a CAGR of 5.0% over 2031.
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Which are the driving factors of the Polysiloxane Resin Market?
Growing utilization of polysiloxane in paints and coatings and growing demand for polysiloxane resins from the construction and automotive sectors are the driving factors of the Polysiloxane Resin Market.
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Which are the top companies operating in the Polysiloxane Resin Market?
Dow, Wacker Chemie, Evonik, Momentive, BRB BV, Zhejiang Runhe are some of the top companies operating in the Polysiloxane Resin Market.