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Global Silicone Coating Market To Be Driven By Rapid Technological Advancements In The Forecast Period Of 2022-2027

09-13-2022 12:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Expert Market Research

Silicone Coating Market

Silicone Coating Market

The new report by Expert Market Research titled, 'Global Silicone Coating Market Report and Forecast 2022-2027', gives an in-depth analysis of the global silicone coating market, assessing the market based on its segments like products, applications, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Request a free sample copy in PDF or view the report summary@

The key highlights of the report include:

Market Overview (2017-2027)

Historical Market Size (2020): USD 5.20 Billion
Forecast CAGR (2022-2027): 6.1%
The silicone coating industry is being driven by the robust growth of the building and construction industry. The rising demand for silicone coating can also be attributed to rapid urbanisation, increasing residential and commercial construction activities, and rapid industrialisation.

As new government rules and regulations are increasingly encouraging the protection of existing building structures from harsh weather conditions and older flawed construction, the demand for silicone coating is increasing, hence driving the market growth. Moreover, silicone coatings are utilised to waterproof roofs and walls while providing thermal and chemical protection to structures, thus bolstering the market growth.

Due to their dependability and quality, silicone coatings are increasingly gaining popularity in construction projects, which is significantly contributing to the growth of the silicone coating industry.

Industry Definition and Major Segments

Silicone coatings are hydrophobic, covalently bonded coatings that are made from the application of silicone films on silica-based substrates.

They have excellent adherence to low-temperature surfaces and are UV, chemical, and thermal resistant. Additionally, silicone coatings' composition and properties can be changed by modifying the chemical structure of the precursors or adding fillers, making them one of the most useful materials for a wide range of applications.

Explore the full report with the table of contents@

The market, on the basis of product, can be segmented into:

Silicone Additives
Silicone Water Repellents
Silicone Polymers
100% Silicone

On the basis of application, the market can be categorised into:

Building and Construction
Consumer Goods
Automotive and Transportation
Industrial Application

The regional markets for silicone coating include:

North America
Asia Pacific
Latin America
The Middle East and Africa

Market Trends

The growing demand for environmentally friendly coatings is propelling the silicone coating industry expansion. The industry's expansion is being aided by the increasing environmental concerns, the surging global demand for green buildings, and the introduction of various stringent governmental regulations regarding building emissions.

Furthermore, the introduction of favourable government measures, especially in North America and Europe, is bolstering the demand for silicone coating in automotive and transportation repair works. With rapid technological advancements and the increasing investments by the key players to develop innovative solutions with the latest features, the market is projected to grow robustly in the forecast period.

Key Market Players

The major players in the market are Evonik Industries AG, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd., Carboline Company, The Dow Chemical Company, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Media Contact

Company Name: Claight Corporation
Contact Person: Louis Wane, Corporate Sales Specialist - U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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