Press release
Sales of Silicone Modified Polyester Resin Market to Record Exponential Growth During 2017 - 2025
Silicone modified polyester resin is a blend of a silicone intermediate and polyester. Silicone improves the weather resistance and gloss retention of polyester coatings. Silicone modified polyester provides the high adhesion to glass, flexibility, good weather ability, good insulation, wide compatibility, good heat resistance, solvent resistance etc. Attributing to such favorable properties of silicone modified polyester, the market is expected to witness significant growth and is projected for a positive outlook.Silicone modified polyester resins improve gloss retention and polyester’s chalk performance. They are widely used in commercial building paints and coatings for better abrasion/ scratch resistance, fade /chalk advantage over polyesters, outstanding color consistency, etc. Thus, the consumption of silicone modified polyester resins is expected to surge during the forecast period. Increasing use of silicone modified polyester (SMP) resin in various end use industries is expected to further aid the growth of the SMP resin market.
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Silicone Modified Polyester Resin Market: Dynamics
Silicone modified polyester resin is used in various applications, such as in protective and decorative coatings for electrical and electronic equipment and in BM ink for touch panels. Attributing to the wide area of applications silicone modified polyester resins find, manufacturers are expected to increase the production of silicone modified polyester resins to cope with the demand, which is expected to fuel the growth of the silicone modified polyester resin market during the forecast period.
Continuous investments in research & development along with strategic partnerships along the pre-coated metal production chain (paints, surface treatment, coater’s application and curing processes) are expected to lead the silicone modified polyester resin market during the forecast period.
Continuously rising demand for low cost and high performance coatings and implementation of modern technologies and aggressive environmental policies, such as REACH are expected to be the major factors restraining the growth of coil coatings and subsequently, that of silicone modified polyester coatings.
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Silicone Modified Polyester Resin Market: Segmentation
The silicone modified polyester resin market can be segmented on the basis of application as:
• Coil Coating
• Industry
• Building
• Metal Appliances
• Non- Stick pans
• Screen Printing
• Glass
The silicone modified polyester resin market can be segmented on the basis of silicone content as:
• 50%
• 80%
• 30%
• Others
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