Vinyl terminated polydimethylsiloxane is a polymer compound, most often applied in 2-part addition cure silicone elastomer. It can be manufactured in a variety of viscosities depending on the applications. Vinyl terminated polydimethylsiloxane has various properties such as low volatility; dirt, water, and heat resistance; and is commonly available in clear liquid form.
The global vinyl terminated polydimethylsiloxane market was valued at US$ 3,023.0 million in 2017, and is expected to register a CAGR of over 4%. The first five-year cumulative revenue (2017–2021) is projected to be US$ 5,264.4 Mn, which is expected to increase rather significantly over the latter part of the five-year forecast period.
Global Vinyl Terminated Polydimethylsiloxane Market: Market Dynamics
Major factors driving growth of the global vinyl terminated polydimethylsiloxane market are secure storage, easy availability and shipping owing to less volatility and non-toxicity as compared to various other chemical compounds. Also, vinyl terminated polydimethylsiloxanes are widely used as encapsulants, sealants, and in a wide range of end-use industries as a raw material for manufacturing a range of products. Vinyl terminated polydimethylsiloxane is also used for weatherproofing and covering cable connectors and high voltage devices, which is extending its usage in the electronics industry.
Properties of vinyl terminated polydimethylsiloxane such as high temperature resistance, its hydrophobic nature, and resistance to moisture makes it ideal for applications such as non-corrosive shielding against dirt and other contaminants, especially for electrical and electronic components. However, high cost of raw materials of vinyl terminated polydimethylsiloxane may hamper growth of the market to a certain extent.
High cost of the vinyl used for manufacturing of vinyl terminated polydimethylsiloxane results into high cost of end products. Advancements or development of cost-effective and efficient products with a wide range of applications can create high potential revenue opportunities for players in the global vinyl terminated polydimethylsiloxane market in future.
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Global Vinyl Terminated Polydimethylsiloxane Market: Segmental Snapshot
The market report has been segmented on the basis of type, application and region. The type segment includes low viscosity fluids, intermediate viscosity fluids, and high viscosity fluids. Application segment includes sealants, encapsulants, and others. The regions covered in the analysis are The Americas, Europe, Asia Pacific, Latin America and Middle East & Africa.
By type:
On the basis of type segmentation, the intermediate viscosity fluids segment accounted for highest revenue share in 2017, among all other type segments and is expected to maintain its dominance over the forecast period. The intermediate viscosity fluids segment is estimated witness highest CAGR of over 4.0%. This can be attributed to increasing adoption of intermediate vinyl terminated polydimethylsiloxane fluids in textile industries as durable fabric softeners, and growing application in automotive, electronics, and other end-use industries.
By application:
Adhesives segment is projected to account for highest revenue share, among all other application segments in the global vinyl terminated polydimethylsiloxane market. The adhesives segment is expected to witness a CAGR of over 4% over the forecast period, owing to increasing use of vinyl terminated polydimethylsiloxane in various end-use applications such as electrical and electronics products, primarily due to its noncorrosive properties, besides others.
By region:
The market in North America accounted for second-highest revenue share in the global vinyl terminated polydimethylsiloxane market in 2017. This can be attributed to increasing use of vinyl terminated polydimethylsiloxane in various end-use industries as an additive for manufacturing of various products in the region. Increasing use of silicone oil as a lubricant, and use of vinyl terminated polydimethylsiloxane in the manufacture of elastomers are other factors expected to fuel growth of the North America vinyl terminated polydimethylsiloxane market over the forecast period. The market in North America has a strong presence of manufacturers such as Gelest Inc., Dow Chemical Company, AB Specialty, and Milliken & Company, which is also expected to contribute to growth of the North America vinyl terminated polydimethylsiloxane market.
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Global Vinyl Terminated Polydimethylsiloxane Market: Competitive Analysis
The research report on the global vinyl terminated polydimethylsiloxane market includes profiles of some companies such as The Dow Chemical Company, GELEST, Inc., BlueStar New Chemical Materials Co. Ltd., Hangzhou Zhixin Chemical Co., Ltd., PCC SE, Milliken & Company, Siltech Corporation, Wuhan Kemi-Works Chemical Co., Ltd., Finetech Industry Limited, AB Specialty Silicone Co., Ltd., and Zhejiang Sucon Silicone Co., Ltd.
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