The global Dimethyldichlorosilane Market size is expected to grow at a robust CAGR of 8.5% from 2022 to 2032. The target market will accrue a revenue of US$ 2.48 billion by 2032, as opposed to US$ 1.19 billion in 2022. This growth can be attributed to escalating demand for silicon that can work as a suitable sealant for aircraft and electronic motors. The increasing popularity of green tires will further augment the sales of dimethyldichlorosilane in the global market during the forecast period.
The growing construction activity has a positive impact on the dimethyldichlorosilane market. The added requirement of an attractive corporate building with an immense volume of glass also spurs the demand for dimethyldichlorosilane. This is because the glass receives a coating of dimethyldichlorosilane to prevent it from absorbing micro-particles. Further, glass is a popular material across a variety of industries including automobiles, construction and buildings, souvenirs, and many others. This huge requirement for glass will result in lucrative opportunities for the dimethyldichlorosilane market.
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The prevailing sustainability drives and environmental consciousness will also contribute to the growth of the dimethyldichlorosilane market. Increasing automobile pollution and rapidly draining fossil fuel reserves are inducing manufacturers in the automobile sector to produce green tires. Since dimethyldichlorosilane is the primary raw material used in the production of green tires, the market for the same will witness high sales prospects during 2022 and 2032. Dimethyldichlorosilane also finds application as a sealant for electric motors and aircraft engines. All of these considerations, thus, drive the growth of the dimethyldichlorosilane market during the forecast period.
Key Takeaways in Dimethyldichlorosilane Market:
- High costs of raw materials, fluctuating exchange rates, and environmental concerns may stymie the growth of the dimethyldichlorosilane market.
- Driven by high demand from Indian and Chinese markets, the dimethyldichlorosilane market in the Asia Pacific will dominate the international space.
- The expanding construction sector in China will propel the dimethyldichlorosilane market growth in the country.
- Europe’s dimethyldichlorosilane market will register substantial growth due to the strong presence of key automobile manufacturers.
- By application, silicone sealants and paints and coatings categories will witness steady growth during the assessment period.
Competitive Landscape in the Dimethyldichlorosilane Market
Sigma-Aldrich Inc., Gelest Inc, Dow Corning, Evonik Industries, Wacker Chemie AG, SynQuest Labs Inc, Hoshine Silicon Industry Co. Ltd., DeWolf Chemical, and Silar, among others, are some of the significant players in the dimethyldichlorosilane market profiled in the full version of the report.
Leading market players are concentrating on the quality of additives, price range, and variety of products. These enterprises also employ different organic and inorganic growth strategies to gain a competitive edge.
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More Insights into the Dimethyldichlorosilane Market
In its latest report, FMI offers an unbiased analysis of the global dimethyldichlorosilane market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of grade (up to 98% purity, 99% purity), application (silicone rubber, silicone sealants, paints & coatings, printing ink and toners, cable compounds and gels, adhesives), and region.
According to the reports, based on segmentation, the silicone sealants as well as the paints and coatings segments will generate great demand for the market. Based on region, the dimethyldichlorosilane market in Asia Pacific will exhibit impressive growth. The target market in this region will dominate the international space. Primarily driven by rising demand from the Indian and Chinese markets, the dimethyldichlorosilane market in Asia Pacific is also shaped by the expanding construction industry and the migration of many conglomerates from the West to Asian countries due to cheap labor costs. Besides Asia Pacific, Europe will also display impressive growth in the dimethyldichlorosilane market. Thus, Asia Pacific and Europe will contribute to the global growth of the dimethyldichlorosilane market during the projection period.
Key Segments
By Grade:
- Upto 98% Purity
- 99% Purity
By Application:
- Silicone Rubber
- Silicone Sealants
- Paints & Coatings
- Printing Inks & Toners
- Cable Compounds & Gels
- Adhesives
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Europe
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