The global silicone coating market size reached US$ 6.7 Billion in 2023. Looking forward, the market is projected to reach US$ 9.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.32% during 2023-2032.
Silicone coatings refer to protective and preservative coatings manufactured using synthetic polymeric compounds. They are produces using various resins and polymers as binders and additives. Some of the commonly available silicone coatings include solventless and solvent-, water- and powder-based coatings. These coatings exhibit various advantageous properties, such as high thermal stability, structural strength and water, weathering, corrosion and scratch resistance. In comparison to the conventionally used coatings, silicon variants have a longer life and are more environment friendly. As a result, they find extensive applications across various industries, including automotive, chemical, construction, electronics, marine and paper and pulp.
Additionally, various product innovations, such as the development of organic silicon coatings, with enhanced hydrophobicity, heat-, dust- and moisture-resistance, are acting as other growth-inducing factors. These novel variants are extensively used in medical devices as an anti-microbial, anti-fungal and anti-corrosion barrier on surfaces of stainless or other metals. Other factors, including rising environmental consciousness among the masses, along with the implementation of favorable government policies promoting sustainable development, are anticipated to drive the market toward growth.
2. What is the expected growth rate of the global silicone coating market during 2024-2032?
3. What are the key factors driving the global silicone coating market?
4. What has been the impact of COVID-19 on the global silicone coating market?
5. What is the breakup of the global silicone coating market based on the product?
6. What is the breakup of the global silicone coating market based on the technology?
7. What is the breakup of the global silicone coating market based on application?
8. What are the key regions in the global silicone coating market?
9. Who are the key players/companies in the global silicone coating market?
Silicone coatings refer to protective and preservative coatings manufactured using synthetic polymeric compounds. They are produces using various resins and polymers as binders and additives. Some of the commonly available silicone coatings include solventless and solvent-, water- and powder-based coatings. These coatings exhibit various advantageous properties, such as high thermal stability, structural strength and water, weathering, corrosion and scratch resistance. In comparison to the conventionally used coatings, silicon variants have a longer life and are more environment friendly. As a result, they find extensive applications across various industries, including automotive, chemical, construction, electronics, marine and paper and pulp.
Silicone Coating Market Trends
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. High-performance water-based acrylate-silicone coatings are widely used on the roofs and walls of commercial and residential constructions to protect them from damage caused by corrosion, dust, ultraviolet (UV) exposure and dampness due to frequent changes in climatic conditions. Moreover, the increasing utilization of silicon coatings in automobiles and marine vehicles is providing a thrust to the market growth. These coatings prevent fouling in naval vessels and provide lubrication, electrical insulation and damping in automobiles.Additionally, various product innovations, such as the development of organic silicon coatings, with enhanced hydrophobicity, heat-, dust- and moisture-resistance, are acting as other growth-inducing factors. These novel variants are extensively used in medical devices as an anti-microbial, anti-fungal and anti-corrosion barrier on surfaces of stainless or other metals. Other factors, including rising environmental consciousness among the masses, along with the implementation of favorable government policies promoting sustainable development, are anticipated to drive the market toward growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global silicone coating market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product, technology and application.Breakup by Product:
- Silicone Additives
- Silicone Water Repellents
- Silicone Polymers
- 100% Silicone
Breakup by Technology:
- Solvent-Based
- Solventless
- Water-Based
- Powder-Based
Breakup by Application:
- Building and Construction
- Consumer Goods
- Automotive and Transportation
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being AFCONA Chemicals Sdn Bhd, BASF SE, Borchers Inc. (Milliken & Company), Chase Corporation, CHT Germany GmbH, Dow Inc., Evonik Industries AG, Lakma Group, Momentive Performance Materials Inc., Shin-Etsu Chemical Co. Ltd. and Wacker Chemie AG.Key Questions Answered in This Report
1. What was the size of the global silicone coating market in 2023?2. What is the expected growth rate of the global silicone coating market during 2024-2032?
3. What are the key factors driving the global silicone coating market?
4. What has been the impact of COVID-19 on the global silicone coating market?
5. What is the breakup of the global silicone coating market based on the product?
6. What is the breakup of the global silicone coating market based on the technology?
7. What is the breakup of the global silicone coating market based on application?
8. What are the key regions in the global silicone coating market?
9. Who are the key players/companies in the global silicone coating market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Silicone Coating Market
6 Market Breakup by Product
7 Market Breakup by Technology
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- AFCONA Chemicals Sdn Bhd
- BASF SE
- Borchers Inc. (Milliken & Company)
- Chase Corporation
- CHT Germany GmbH
- Dow Inc.
- Evonik Industries AG
- Lakma Group
- Momentive Performance Materials Inc.
- Shin-Etsu Chemical Co. Ltd.
- Wacker Chemie AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 6.7 Billion |
| Forecasted Market Value ( USD | $ 9.8 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
