Global Silicone Coatings Market Size was valued nearly USD 5.79 billion by 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.01% during the forecast period that is 2017-2025. Silicones are primarily used in coating industry for enhancing the preservative and protective characteristics. The resin or binders or polymers as additives are used in the production of silicone coatings, that are used for paint and coatings to improve aging of the paint.  With silicone coatings, the manufacturers across construction and automotive industries can attain desirable scratch, and chemical resistance for their products.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Silicone coatings act as the protective layer for construction and protect the building from corrosion, damage, and wetness because of changing climate conditions. With the increasing use of silicone coatings products in waterproofing, the application is a key factor anticipated to foster the demand of silicone coating market in the coming years.

Market Dynamics

The silicone coating market is witnessing growth at a substantial rate over the coming years due to the advancements in manufacturing capabilities that are anticipated to increase advanced offerings for the industrial sector. Manufacturing industries are using various types of high-performance equipment such as hydroelectric power, drilling machines and other that operates at severe temperatures. For instance, silicone coatings are primarily being used in the manufacturing industry to provide improved anti-corrosive, thermal, and electromechanical properties that enable companies to retain the density of a product with better performance.

The silicone coating is widely adopted in defense electronics equipment because of its high electrical & thermal resistance with significant strength and protection from corrosion, moisture, dust, and water. Countries are spending towards electronics, arms, and defense-related equipment to reinforce the defense operations. For instance, in 2016, the U.S. defense budget was USD 611 billion and accounted for 36% of the global defense spending.  Thus, with the rise in global defense spending is further anticipated to foster the demand for silicone coating during the forecast period.

By Product Type Insights: On the basis of product, the silicone coating market is categorized as silicone additives, water repellents, silicone polymers, 100% silicone, and others. Among which, 100% silicone is dominating the market owing to various characteristics such as lightweight, clarity for transparency, electromechanical resistance, and high tensile strength,  used in high heat applications such as wood stoves, exhaust stacks, barbeque grills, and furnaces. Moreover, it is also being used in food contact release coatings, and as for as abrasion resistant.

By Application Insights: On the basis of application, the silicone coating market is categorized as construction, consumer goods, transportation, and others. Among which, the consumer goods is dominating the market owing to its improved gloss retention property which uses in coating the jewelry and other household appliances. Additionally, construction is a major application segment of silicone coating which is expected to grow at the highest CAGR over the coming years. Infrastructure development and focusing on green buildings with VOC regulations have further created demand for environment-friendly coatings across the globe.

Regional Analysis

The global silicone coating market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America is dominating the silicone coating market followed by Asia-Pacific and others, owing to the rise in adoption of silicone coating in automotive and industrial applications. The silicone coating has various characteristics such as resistance from heat, electricity, dust, moisture, weather, and enhanced hydrophobicity, due to which it is widely being adopted across industries. Additionally, availability of low-cost labor and raw materials with high demand in the end-use industries in the Asia Pacific region are driving the demand of silicone coating market.

Global Silicone Coatings Market Size, Share Analysis By Region 2017

In Europe, the silicone coating market is witnessing growth due to the stringent environmental regulations such as Euro 6, ASTM standards, German Renewable Energy Act, Federal Standards, green building code, and Weatherization Assistance Program, which is being adopted in the automotive industry. Thus, with the inclination towards environmental protection regulations, the silicone coating market is witnessing growth over the coming years. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.    

Global Silicone Coatings Market Study Objective

1. To forecast the market size of silicone coating market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of silicone coating market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of silicone coating market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of silicone coating market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the silicone coating market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

The key players operating in the silicone coating market include Shin - Etsu Chemical Co., Ltd., the Dow Chemical Company, Momentive Performance Materials Inc., Wacker Chemie AG, and others.  The strategy adopted by major players to stay competitive in the market includes new product launches, mergers & acquisitions, and strategic alliances. For instance, in 2017, The Dow Chemical Company has launched a new product conformal silicone coatings for delivering the protection of printed circuit boards beside dust, moisture, harsh chemicals, extreme cycling, and vibration.

Global Silicone Coatings Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.