The global demand for Silicone Coatings Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Silicones are mainly used in the coating industry to intensify their protective and preservative characteristics. Two types of silicone products used to produce silicone coatings are polymers as additives or resins as binders that can be used as coating and paint to increase the aging of paint and wettability for smoother functions. Silicone coating supports construction and automotive manufacturers to achieve desirable chemical, scratch, and water resistance for their various products. With the advancement of silicone-based technologies, these compounds can be used in different forms such as coatings, oils, silicone-based resins, rubbers, etc. The efficiency of silicon-based technologies in coatings has broadened the scope from high-performance applications across the coating industry.
The market is mainly driven by rapid urbanization and rising disposable income, and the flourishing automotive and construction industry. The rising awareness among the user and their willingness to pay an extra amount for enhanced appearance and quality is carried to the products by silicone coatings. In the construction sector, silicone coatings find applications for wood and wood panel, tiles, perlite, concrete, and mortar. Their important features, such as thermal stability, low toxicity, low chemical reactivity, and low thermal conductivity, are beneficial as they improve the durability, stability, and strength of the end product. However, the high cost of production is likely to restrict the market during the forecast period.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of silicone coatings. The growth and trends of silicone coatings industry provide a holistic approach to this study.
This section of the silicone coatings market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Silicone Additives
- Silicone Water Repellents
- Silicone Polymers
- 100% Silicone
- Building & Construction
- Consumer Goods
- Automotive & Transportation
- Industrial Application
This section covers the regional outlook, which accentuates current and future demand for the Silicone Coatings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Silicone Coatings Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the silicone coatings market include Evonik Industries AG, Wacker Chemie AG, Carboline Company, OMG Borchers GmbH, Shin-Etsu Chemical Co., Ltd., Momentive Performance Materials Inc., DOW Corning Corporation, ACC Silicones Ltd., MAPEI SpA and Sika AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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