Press release
Silicone Coating Market to Reach US$ 8.5 Billion, Globally, by 2028 at 4.3% CAGR
Silicone coating refers to the protective and preservative layer for structures that are manufactured through synthetic polymeric compounds. It is available as solvent less and solvent-based, water-based and powder-based coatings. It aids in protecting the building from damage, corrosion, ultraviolet (UV) rays, and dampness and provides high reliability and performance. It assists in improving adherence and waterproofing and is resistant to extreme environmental conditions. As a result, the silicone coating is widely employed in the construction, electronics, healthcare, automotive, and textile industries across the globe.
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Silicone Coating Market Trends and Drivers:
At present, the increasing utilization of silicone coatings for waterproofing of roofs in the construction industry represents one of the key factors contributing to the growth of the market. Besides this, the growing demand for silicone coating in the marine industry to eliminate fouling in naval vessels is offering a positive market outlook. Apart from this, the increasing adoption of silicone coating in the textile industry due to its superior gloss retention properties and advanced leveling and smoothing is bolstering the growth of the market. Moreover, various benefits offered by silicone coatings, such as thermal and electrical resistance and protection from moisture, dust, and water, are propelling the growth of the market. Furthermore, key players are introducing a new silicone coating that can be used for several applications, such as tapes, adhesives, graphic arts, and industrial release liners.
Report Segmentation:
The report has segmented the market into the following categories:
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
Market 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 with Key Player:
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.
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