The global polydimethylsiloxane (PDMS) market is expected to grow significantly in the coming years. According to a report from ResearchAndMarkets.com, the global PDMS market was valued at $4.1 billion in 2020 and is projected to reach $5.8 billion by 2025, with a CAGR of 7.0% during the forecast period.
The growth in the PDMS market is driven by various factors such as the increasing use of PDMS in industries such as personal care and healthcare, and the growing demand for silicone elastomers in the construction and automotive industries. Moreover, the increasing demand for PDMS as a release agent in the food and beverage industry is also expected to drive the market's growth.
Geographically, the Asia-Pacific region is expected to witness significant growth in the PDMS market due to the rapid industrialization and the increasing demand for personal care products in countries such as China and India. North America and Europe are also expected to register significant growth due to the increasing demand for PDMS in industries such as automotive and healthcare.