Global dimethyldichlorosilane market forecast at $2.48 billion by 2032
Pune, India- The global Dimethyldichlorosilane Market is expected to grow at a robust CAGR of 8.5% from 2022 to 2032. The target market will accrue a revenue of US$ 2.48 billion by 2032, as opposed to US$ 1.19 billion in 2022 according to Future Market Insights. 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.
Dimethyldichlorosilane, a tetrahedral organo-silicon compound, is a colorless liquid at room temperature. The chemical, upon reacting with water, provides a jump to linear and cyclic silicon oxide chains. It is synthesized on an industrial scale and serves as an antecedent to dimethyl silicone and polysilane compounds, directly processing and synthesizing dimethyldichlorosilane.
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.
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.
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
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.