Data Bridge Market Research analyses that the silicone coating market was valued at USD 5.51 billion in 2021 and is expected to reach USD 8.72 billion by 2029, registering a CAGR of 5.90 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Silicone coatings refer to preservative and protective coatings which has manufactured by using synthetic polymeric compounds. They are produces by using many polymers and resins as additive and binders. Some of the usually available silicone coatings include solvent less and solvent-based, water-based and powder-based coatings. These coatings show several beneficial properties, such as weathering, high structural strength and water, corrosion and scratch resistance. In comparison to the normally used coatings, silicon alternatives have a longer life and are more environment friendly. As a result, they find wide applications across several industries, including construction, electronics, automotive, chemical, marine and paper and pulp.
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Some of the major players operating in the silicone coating market are:
- Wacker Chemise AG (Germany)
- Momentane (U.S.)
- Dow (U.S.)
- Shin-Etsu Chemical Co., Ltd. (Japan)
- KCC Silicone (South Korea)
- BASF SE (Germany)
- Evonik Industries (Germany)
- Hum seal (UK)
- Siltek Corporation (Canada)
- BYK-Chemise GmbH (Germany)
- Afcon Chemicals Sbn Bhd (Netherland)
- Borchers Inc. (France)
- Chase Corp, (US)
- CHT Germany GmbH (Germany)
- Carboline Company (India)
- Dampen Company (US)
- Henry Company (US)
Global Silicone Coating Market Scope:
Global silicone coating market is segmented on the basis of composition, application and technology. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Composition
- Silicone Additives
- Silicone Polymers
- 100% Silicone
- Silicone Water Repellents
Application
- Construction
- Automotive and Transportation
- Consumer Goods, Marine
- Industrial, Paper and Film Release
- Others
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Silicone Coating Market Regional Analysis/Insights:
The silicone coating market is analysed and market size insights and trends are provided by country, composition, application and technology as referenced above.
The countries covered in the silicone coating market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
North America dominates the silicone coating market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the rising demand for silicone coating in this region. The Asia-Pacific region dominates the silicone coating market, due to rising demand for silicone coating is from developing economics such as India and China.
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