The Silicone Coating Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2031.
The Silicone Coating Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global silicone coating market report has been segmented on the basis of component type, technology, application, and region.
Silicone Coating Market Overview:
“The Silicone Coating Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Silicones are majorly used in the coating industry to improve their preservative and protective attributes. Polymers as additives or resins as binders are two types of silicone products utilized to manufacture silicone coatings, that can be used as coating and paint to enhance the life span of paint and wettability for smoother application.
Silicone coatings help automotive and construction manufacturers to achieve desirable scratch, chemical, and water resistance for their various products. The current expansion of the construction and automotive industries is expected to have a significant impact on this market globally years.
The key factors are expected to drive the growth of the global silicone coating market by increasing construction activities, owing to augmented demand for effective coating products.
Silicone coatings act as protective and preservative layers for structures and protect the building from any damage, corrosion, and dampness because of frequently changing climate conditions.
The growing use of silicone coatings products for waterproofing applications is another major factor expected to drive the growth of the market in the next five years.
In addition, the silicone coating is used significantly in defense equipment owing to its physical characteristics of providing high thermal and electrical resistance with significant protection and strength from moisture, corrosion, dust, and water, which is expected to drive the global silicone coating market in next seven years.
Fluctuating raw material prices and high manufacturing costs are major factors projected to restrain the growth of the global silicone coating market. However, untapped markets in developing economies are anticipated to create new opportunities for market players operating in the global market.
The target market audience for the global silicone coating includes manufacturers of silicone coating, traders, distributors, suppliers, government organizations, regulatory institutions, application industries in the supply chain, private equity firms, regulators, and investment banks.
North American market is estimated to account for a major share in terms of revenue in the global silicone coating market, owing to its increasing application in construction and automotive & transportation industries.
The adoption rate of silicone coating is projected to rise in the Asia Pacific market. Demand for silicone coating is expected to rise from developing economies such as India and China in the next ten years.
Global Silicone Coating Market Segmentation:
Segmentation by composition type:
- Silicone additives
- Silicone polymers
- Silicone water repellents
- 100% Silicone
Segmentation by technology:
Segmentation by application:
- Automotive & Transportation
- Consumer Goods
- Others (paper & film)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Wacker Chemie AG
- Sika AG
- BASF SE
- Momentive Performance Materials Inc.
- DOW Corning Corporation
- KCC Silicone
- Shin-Etsu Chemical Co., Ltd.
- BYK-Chemie GmbH
- Evonik Industries
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