According to the current analysis of Introspective Market Research, the global Organosilicon Polymers（Polysiloxane）Market was valued at USD 1640.32 Million in 2021 and is expected to reach USD 2,199.56 Million by the year 2028, at a CAGR of 4.28%.
Polysiloxanes with the generic formula (–R2Si–O–)n, often known as silicone polymers or polyorganosiloxanes, have a backbone with alternate silicon and oxygen atoms connected to each silicon atom by two organic alternatives. Silicone polymers, also known as poly-dialkyl siloxanes, are a kind of inorganic polymer with a wide range of industrial uses. Their superb thermal and oxidative stability, excellent low-temperature flexibility, and strong resistance to weathering and numerous chemicals are the key reasons for their widespread use. Prostheses, artificial organs, artificial skin, catheters, facial reconstruction, contact lenses, and drug delivery systems are examples of medical applications, while non-medical applications include high-performance elastomers, membranes, electrical insulators, water repellants, anti-foaming agents, mould release agents, adhesives, and protective coatings, release control agents for agricultural chemicals, and hydraulic, heat-transfer, and dielectric fluids are examples of non-medical applications.
The highest demand for organosilicon Polymers (Polysiloxane) in the construction sector, as well as the growing automotive industry, which is preferring cleaner and greener material sources due to strict emission regulations, particularly in the US, EU countries, India, China, and other Southeast Asian countries, is driving market growth. They're also used extensively in the application of protective and industrial coatings. These compounds are also widely used as fire retardants in a wide range of materials. Furthermore, major factors such as product innovation, technology development, and the growth of the automotive and construction industry in developing economic regions such as the Middle East and Africa, and Latin America are projected to produce new demands and growth opportunities for the key players in the Organosilicon Polymers (Polysiloxane) Market in the upcoming years.
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Organosilicon Polymer (Polysiloxane) Market is segmented by Type (Silicone Oil, Silicone Rubber, Silicone Resin, Silicone Emulsion), Application (Foams, Coatings, Adhesives and Sealants, Elastomers, Others), and Region.
Key Industry Developments in the Organosilicon Polymer (Polysiloxane) Market:
In September 2021, as part of its growth strategy for its biopolymers business, BASF will cooperate with WPO Polymers to additionally advance on the fast-developing Spanish and Portuguese markets. The plastics solutions suppliers will play as distributors of BASF's ecovio® film product range for certified compostable shopping bags, organic waste bags as well as fruit and vegetable bags in Spain and Portugal.
Establishing on their respective strengths, BASF and its latest partner will be better positioned to stimulate business in this important market and to support food companies and retailers to comply with the Spanish Royal decree 293/2018 on the reduction of plastic bags including the mandatory applications of compostable bags (<50 µm thickness) certified as per the EN 13432.
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Players Covered in Organosilicon Polymers（Polysiloxane）Market are :
- BASF
- Carpenter
- Dow
- Kuwait Polyurethane Industry w.l.l
- Mitsui Chemicals
- Recticel
- Rogers Corporation
- Sheela Foam
- Tosoh Corporation
- Wanhua Industrial Group
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