The market size is projected to be worth US$ 1,278.6 million in 2023. The market is likely to surpass US$ 2,122.7 million by 2033 at a CAGR of 5.2% during the forecast period. The demand for the product is driven by its versatile properties and wide range of applications across various industries such as construction, automotive, personal care, electronics, and textiles utilize these materials for their unique characteristics. The growth in these end-use industries directly translates into increased demand for PMP.
(PMP) refers to a class of hybrid polymers that combine the chemical structure of both Polysiloxane (silicone polymers) and polyethers (polymeric ethers). It is developed by chemically modifying the backbone of a Polysiloxane polymer with polyether side chains.
PMP is widely used in numerous industries due to its unique properties. They exhibit excellent characteristics such as low surface tension, high thermal stability, good water repellency, low viscosity, and compatibility with organic materials. These properties make them suitable for a wide range of applications personal care products, adhesives, and sealants, including coatings, and industrial lubricants.
Other Drivers Propelling the Demand for Polyether Modified Polysiloxane include:
Challenges for Companies /Manufacturers in the Market:
Opportunities in the Market:
Latest Trends in the Market:
| Attribute | Details |
|---|---|
| Polyether Modified Polysiloxane Market Size (2023) | US$ 1,278.6 million |
| Polyether Modified Polysiloxane Market Projected Size (2033) | US$ 2,122.7 million |
| Value CAGR (2023 to 2033) | 5.2% |
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From 2018 to 2022, the global market experienced a CAGR of 4.8%, reaching a market size of US$ 1,278.6 million in 2023.
From 2018 to 2022, the global market witnessed steady growth due to the rising demand for the ink and coating industry as Polysiloxane is a versatile material that can be used in a variety of coatings, including, industrial coatings, architectural coatings, and automotive coatings. The increasing demand for these coatings is driving the growth of the market.
Looking ahead, the global market is expected to rise at a CAGR of 5.2% from 2023 to 2033. During the forecast period, the market size is expected to reach US$ 2,122.7 million.
From 2023 to 2033, the (PMP) sector is projected to sustain its upward growth trend, primarily propelled by the rising need for PMP sealants in various applications such as construction, automotive, and marine sealants. The escalating demand for these sealants is a key driver for the expansion of the PMP market.
China, India, Japan, and South Korea are the key contributors to the Asia-Pacific region's significant market share. Among them, China stands out as the dominant player, benefiting from its extensive manufacturing capacity for diverse products such as medical devices, adhesives and sealants, elastomers, and electronics. Over the forecast period, the Asia-Pacific market is anticipated to experience growth, propelled by expanding end-use industries and consistent investment and backing from regional governments.
Principal Consultant
| Country | The United States |
|---|---|
| Market Size (US$ million) by End of Forecast Period (2033) | US$ 310.3 million |
| CAGR % 2023 to End of Forecast (2033) | 4.2% |
The market in the United States is expected to reach a market share of US$ 310.3 million by 2033, expanding at a CAGR of 4.2 %. This growth can be attributed to ongoing research and development activities that have propelled the industry forward. Innovative formulations and improved manufacturing processes have revolutionized the production of product, enhancing its properties and expanding its range of applications. Industries such as construction, automotive, electronics, personal care, and textiles are increasingly adopting these advanced materials due to their exceptional performance characteristics.
| Country | India |
|---|---|
| Market Size (US$ million) by End of Forecast Period (2033) | US$ 95.1 million |
| CAGR % 2023 to End of Forecast (2033) | 5.4 % |
The market in India is expected to reach a market share of US 95.1 million, expanding at a CAGR of 5.4 % during the forecast period. PMP has emerged as a preferred choice in construction applications, and its demand continues to surge. It finds extensive usage in sealants, adhesives, and coatings in the construction sector. As India witness’s rapid urbanization and infrastructural development, the demand for PMP in construction is expected to soar.
The material's ability to enhance the performance and longevity of building structures positions it as a valuable solution for the industry. As the construction sector continues to expand and evolve, the demand for PMP in India is set to experience significant growth, propelling the overall market forward.
| Country | China |
|---|---|
| Market Size (US$ million) by End of Forecast Period (2033) | US$ 580.8 million |
| CAGR % 2023 to End of Forecast (2033) | 5.6% |
The market in China is anticipated to reach a market share of US$ 580.8 million, moving at a CAGR of 5.6 % during the forecast period. The automotive industry in China is a major consumer of PMP. The material's high-temperature stability, low surface tension, and water repellency make it suitable for automotive applications like lubricants, anti-fog coatings, and weatherproofing components. As China's automotive sector continues to expand, the demand for PMP is projected to witness a notable surge.
| Country | Japan |
|---|---|
| Market Size (US$ million) by End of Forecast Period (2033) | US$ 112.9 million |
| CAGR % 2023 to End of Forecast (2033) | 5.0% |
The market in Japan is estimated to reach a market share of US$ 112.9 million by 2033, thriving at a CAGR of 5.0%. The market in Japan is predicted to grow because of the increasing adoption of PMP in personal care and cosmetics. PMPs’ antifoaming, skin protection and conditioning qualities make it an ideal polymer-based silicone for use in hair care, skincare, and cosmetic applications. As a result, it's extensively utilized in skincare goods like cleansers, anti-aging creams and lotions, and hair care items like shampoos and conditioners.
| Country | Germany |
|---|---|
| Market Size (US$ million) by End of Forecast Period (2033) | US$ 108.3 million |
| CAGR % 2023 to End of Forecast (2033) | 4.5% |
The market in Germany is expected to reach a market share of US$ 108.3 million, expanding at a CAGR of 4.5% during the forecast period. The market in Germany is forecasted to witness growth due to the increasing demand for product in various industries such as personal care and cosmetics, construction, Agriculture, ink and coatings, and chemical manufacturing. The growing consumer preference for sustainable and eco-friendly solutions and technological advancement in the production process of PMPs are also expected to boost market growth.
From 2022 to 2033, the agriculture industry is predicted to dominate the business with a CAGR of 5.0%. Because of its increasing use in agricultural applications such as crop protection, seed treatment, and fertilizer adjuvants, this sector will account for a large market share by 2023.
PMPs find application in fertilizer adjuvants, enhancing fertilizer efficiency and minimizing nutrient loss, thereby promoting effective fertilizer utilization and resulting in improved crop quality and higher yields. The increasing utilization of PMPs in seed treatment and crop protection products enhances the adhesion and spreadability of active ingredients, as well as the germination rate and vigor of seeds. The market is witnessing growth due to the rising awareness of the advantageous properties of silicones in agricultural applications.
The ink and coating industry is expected to dominate the market with a CAGR of 4.4% from 2022 to 2033. There is a growing demand for sustainable products, and PMP is a sustainable material that can be made from recycled materials. This makes it a good choice for ink and coatings manufacturers who are looking to meet the growing demand for sustainable products.
(PMP) provides superior performance compared to conventional materials, exhibiting enhanced durability and chemical resistance. As a result, it serves as an excellent material for diverse applications, including ink for printing on food packaging and coatings for metal surfaces. The ink formulated with PMP ensures that no chemical contaminants migrate into the food, thereby ensuring the safety of food products. Moreover, PMP coatings offer effective protection against corrosion and other forms of damage on metal surfaces, prolonging the lifespan of metal objects and minimizing the requirement for maintenance and repairs.
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The market is highly competitive, with numerous players vying for market share. Key players in the industry are focusing on traditional applications, such as ink and coatings. They are also expanding their product portfolio to include new and emerging applications, such as adhesives, sealants, and lubricants. This helps them to reach a wider range of customers and grow their business.
Key Strategies Adopted by the Players
Market participants are actively allocating resources to research and development efforts aimed at introducing innovative products and exploring new applications for this material. An example of this is Dow Corning, which recently unveiled Dow Corning Elastosil 2341, a cutting-edge sealant that leverages the high-performance attributes of polyether-modified Polysiloxane.
Market participants are proactively engaging in acquisitions and partnerships to broaden their range of products and extend their market reach. An example of this strategic approach is Momentive, which successfully acquired Siltech in 2018, enabling them to enhance their product portfolio and access a wider audience.
The players in the market are focusing on differentiating their products from those of their competitors. This can be done by developing new features and functionalities, or by improving the performance of their products. For example, Momentive has developed a new line of polyether-modified polysiloxanes called Silcothane, which are designed to offer superior performance in a variety of applications.
Key Players in the Market
Key Developments in the Market:
The market in 2023 is estimated to secure a valuation of US$ 1,278.6 million.
The market in Japan is estimated to reach a market share of US$ 112.9 million by 2033.
The market in India is expected to reach a market share of US$ 95.1 million.
The industry is expected to reach US$ 2,122.7 million by 2033.
The high raw material cost of silicone and polyether precursors is a deteriorating factor in the market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product Innovation and Diversification 4.3. Marketing and Brand Management 4.4. Supply Chain Management 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Volume (Tons) Analysis, 2018 to 2022 5.2. Current and Future Market Volume (Tons) Projections, 2023 to 2033 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis By Derivative 6.2. Pricing Analysis by Regions 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.2. Forecast Factors - Relevance and Impact 8.3. Supply-Demand Analysis 8.4. Value Chain 8.5. Production Process Overview 8.6. Market Dynamics 8.7. Impact of COVID – 19 Crisis 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use Industry 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By End-Use Industry, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End-Use Industry, 2023 to 2033 9.3.1. Agriculture 9.3.2. Plastic processing 9.3.3. Ink and coatings 9.3.4. Cosmetics and personal care 9.3.5. Pulp and Paper 9.3.6. Adhesives and Sealants 9.3.7. Textile 9.3.8. Others 9.4. Market Attractiveness Analysis By End-Use Industry 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 10.1. Introduction 10.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2018 to 2022 10.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2023 to 2033 10.3.1. North America 10.3.2. Latin America 10.3.3. Western Europe 10.3.4. Eastern Europe 10.3.5. East Asia 10.3.6. South Asia and Pacific 10.3.7. Middle East and Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 11.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 11.4.1. By End-Use Industry 11.4.2. By Country 11.4.2.1. U.S. 11.4.2.2. Canada 11.5. Market Attractiveness Analysis 11.5.1. By End-Use Industry 11.5.2. By Country 11.6. Market Trends 11.7. Drivers and Restraints Impact Analysis 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 12.4.1. By End-Use Industry 12.4.2. By Country 12.4.2.1. Brazil 12.4.2.2. Mexico 12.4.2.3. Argentina 12.4.2.4. Rest of Latin America 12.5. Market Attractiveness Analysis 12.5.1. By End-Use Industry 12.5.2. By Country 12.6. Market Trends 12.7. Drivers and Restraints Impact Analysis 13. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 13.4.1. By End-Use Industry 13.4.2. By Country 13.4.2.1. Germany 13.4.2.2. Italy 13.4.2.3. France 13.4.2.4. U.K. 13.4.2.5. Spain 13.4.2.6. BENELUX 13.4.2.7. NORDICS 13.4.2.8. Rest of Western Europe 13.5. Market Attractiveness Analysis 13.5.1. By End-Use Industry 13.5.2. By Country 13.6. Market Trends 13.7. Drivers and Restraints Impact Analysis 14. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 14.4.1. By End-Use Industry 14.4.2. By Country 14.4.2.1. Poland 14.4.2.2. Hungary 14.4.2.3. Romania 14.4.2.4. Czech Republic 14.4.2.5. Rest of Eastern Europe 14.5. Market Attractiveness Analysis 14.5.1. By End-Use Industry 14.5.2. By Country 14.6. Market Trends 14.7. Drivers and Restraints Impact Analysis 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 15.4.1. By End-Use Industry 15.4.2. By Country 15.4.2.1. China 15.4.2.2. Japan 15.4.2.3. South Korea 15.5. Market Attractiveness Analysis 15.5.1. By End-Use Industry 15.5.2. By Country 15.6. Market Trends 15.7. Drivers and Restraints Impact Analysis 16. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 16.4.1. By End-Use Industry 16.4.2. By Country 16.4.2.1. India 16.4.2.2. Association of Southeast Asian Nations 16.4.2.3. Australia and New Zealand 16.4.2.4. Rest of South Asia and Pacific 16.5. Market Attractiveness Analysis 16.5.1. By End-Use Industry 16.5.2. By Country 16.6. Market Trends 16.7. Drivers and Restraints Impact Analysis 17. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2023 to 2033 17.4.1. By End-Use Industry 17.4.2. By Country 17.4.2.1. Gulf Cooperation Council Countries 17.4.2.2. Türkiye 17.4.2.3. Northern Africa 17.4.2.4. South Africa 17.4.2.5. Rest of Middle East and Africa 17.5. Market Attractiveness Analysis 17.5.1. By End-Use Industry 17.5.2. By Country 17.6. Market Trends 17.7. Drivers and Restraints Impact Analysis 18. Key Countries Market Analysis 18.1. U.S. Market Analysis 18.1.1. By End-Use Industry 18.2. Canada Market Analysis 18.2.1. By End-Use Industry 18.3. Mexico Market Analysis 18.3.1. By End-Use Industry 18.4. Brazil Market Analysis 18.4.1. By End-Use Industry 18.5. Argentina Market Analysis 18.5.1. By End-Use Industry 18.6. Germany Market Analysis 18.6.1. By End-Use Industry 18.7. Italy Market Analysis 18.7.1. By End-Use Industry 18.8. France Market Analysis 18.8.1. By End-Use Industry 18.9. U.K. Market Analysis 18.9.1. By End-Use Industry 18.10. Spain Market Analysis 18.10.1. By End-Use Industry 18.11. BENELUX Market Analysis 18.11.1. By End-Use Industry 18.12. China Market Analysis 18.12.1. By End-Use Industry 18.13. Japan Market Analysis 18.13.1. By End-Use Industry 18.14. S. Korea Market Analysis 18.14.1. By End-Use Industry 18.15. India Market Analysis 18.15.1. By End-Use Industry 18.16. Association of Southeast Asian Nations Market Analysis 18.16.1. By End-Use Industry 18.17. Gulf Cooperation Council Countries Market Analysis 18.17.1. By End-Use Industry 18.18. Türkiye Market Analysis 18.18.1. By End-Use Industry 18.19. South Africa Market Analysis 18.19.1. By End-Use Industry 19. Market Structure Analysis 19.1. Market Analysis by Tier of Companies 19.2. Market Concentration 19.3. Market Share Analysis of Top Players 19.4. Production Capacity Estimates of Top Players 19.5. Market Presence Analysis 20. Competition Analysis 20.1. Competition Dashboard 20.2. Primary Survey Analysis 20.3. Competition Deep Dive 20.3.1. SILIBASE SILICONE 20.3.1.1. Overview 20.3.1.2. Product Portfolio 20.3.1.3. Key Financials 20.3.1.4. Sales Footprint 20.3.1.5. Strategy Overview 20.3.2. Hangzhou Topwin Technology Development Co., ltd. 20.3.2.1. Overview 20.3.2.2. Product Portfolio 20.3.2.3. Key Financials 20.3.2.4. Sales Footprint 20.3.2.5. Strategy Overview 20.3.3. Supreme Silicones India Pvt Ltd 20.3.3.1. Overview 20.3.3.2. Product Portfolio 20.3.3.3. Key Financials 20.3.3.4. Sales Footprint 20.3.3.5. Strategy Overview 20.3.4. Shin-Etsu Silicones 20.3.4.1. Overview 20.3.4.2. Product Portfolio 20.3.4.3. Key Financials 20.3.4.4. Sales Footprint 20.3.4.5. Strategy Overview 20.3.5. BASF 20.3.5.1. Overview 20.3.5.2. Product Portfolio 20.3.5.3. Key Financials 20.3.5.4. Sales Footprint 20.3.5.5. Strategy Overview 20.3.6. Evonik Industries 20.3.6.1. Overview 20.3.6.2. Product Portfolio 20.3.6.3. Key Financials 20.3.6.4. Sales Footprint 20.3.6.5. Strategy Overview 20.3.7. Anhui Sinograce Chemical Co., Ltd. 20.3.7.1. Overview 20.3.7.2. Product Portfolio 20.3.7.3. Key Financials 20.3.7.4. Sales Footprint 20.3.7.5. Strategy Overview 20.3.8. Elkem Silicones 20.3.8.1. Overview 20.3.8.2. Product Portfolio 20.3.8.3. Key Financials 20.3.8.4. Sales Footprint 20.3.8.5. Strategy Overview 20.3.9. Gelest, Inc. 20.3.9.1. Overview 20.3.9.2. Product Portfolio 20.3.9.3. Key Financials 20.3.9.4. Sales Footprint 20.3.9.5. Strategy Overview 20.3.10. ASTRACHEM 20.3.10.1. Overview 20.3.10.2. Product Portfolio 20.3.10.3. Key Financials 20.3.10.4. Sales Footprint 20.3.10.5. Strategy Overview 20.3.11. Dow Coring 20.3.11.1. Overview 20.3.11.2. Product Portfolio 20.3.11.3. Key Financials 20.3.11.4. Sales Footprint 20.3.11.5. Strategy Overview 20.3.12. Runhe Chemical Industry 20.3.12.1. Overview 20.3.12.2. Product Portfolio 20.3.12.3. Key Financials 20.3.12.4. Sales Footprint 20.3.12.5. Strategy Overview 20.3.13. Jebsen and Jessen Pte Ltd. 20.3.13.1. Overview 20.3.13.2. Product Portfolio 20.3.13.3. Key Financials 20.3.13.4. Sales Footprint 20.3.13.5. Strategy Overview 20.3.14. Kylin Chemicals Co., Ltd. 20.3.14.1. Overview 20.3.14.2. Product Portfolio 20.3.14.3. Key Financials 20.3.14.4. Sales Footprint 20.3.14.5. Strategy Overview 20.3.15. Momentive Performance Materials 20.3.15.1. Overview 20.3.15.2. Product Portfolio 20.3.15.3. Key Financials 20.3.15.4. Sales Footprint 20.3.15.5. Strategy Overview 21. Assumptions and Acronyms Used 22. Research Methodology
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Polyether Modified Polysiloxane Market
