Dow Corning, a global leader in silicones and specialty chemicals, announced that it has partnered with Mengniu Dairy, one of China's largest dairy companies, to develop sustainable packaging solutions for Mengniu's all-polyethylene yogurt pouches. The new packaging solutions are made with Dow Corning's EcoTay™ Renew silicone elastomer, which is a bio-based and recyclable material. The new packaging solutions are expected to help Mengniu reduce its environmental impact by more than 30%.
Dow Corning, a global leader in silicones and specialty chemicals, reported its second quarter 2023 results on Tuesday, July 25, 2023. The company reported net sales of USD 5.8 billion for the quarter, up 11% from the same quarter last year. Earnings per share were USD 1.15, up 25% from the same quarter last year. The company's results were driven by strong demand for its silicones and specialty chemicals in a variety of end markets, including electronics, transportation, and construction.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5183
Published Date: Aug 23, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for automotive sector is the major factor driving the market growth.
The market size of thermal interface materials is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023 - 2035.
The major players in the market are Emerson Electric Co., Siemens AG, ABB Ltd., Honeywell International Inc., Endress+Hauser Group, Yokogawa Electric Corporation, Krohne Group, Badger Meter, Inc., Schneider Electric SE, IDEX Corporation., and others.
The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.