Global Silicone Resin Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 5.21% during the forecast period that is 2017-2025.

Global Silicone Resin Market Size, Share Analysis, By Region 2017

Silicone resins are organic polymer materials that can be moulded into fixed objects, films and filaments. These resins are generally classified organopolysiloxanes having three-dimensional network or tetra functional units. Silicone resins when combined with organic polymers provides excellent benefits such as high thermal stability and weather resistance among others. The growing demand for volatile organic compound free resins across the globe along with the increasing application of silicone resins in building and construction and in the automobile industry are expected to significantly contribute to the growth of the global silicone resin market during the forecast period. Moreover, the growing investment in research and development by the proficient players in the silicone resin market manufacturing low cost and high performance resins is projected to further surge the growth of the silicone resin market during the forecast period. For instance, Wacker showcased its high performing silicone resin emulsion SILRES WH mainly targeting for the building and construction industry.

Global Silicone Resin Market: Rising application as coating additives and binders in various industries will boost the market during the assessment period.

The growing demand from end use industries such as electrical and electronics, construction and automotive among others is projected to be one of major factor driving the global silicone resin market during the forecast period. Silicone resin is widely used in end use industries owing to its benefits such as low surface tension, thermal stability, weather resistance, dielectric properties, water repellence, and chemical resistive properties. Moreover, silicon resins are used in high temperature resistive coatings, as binders and in emulsion form due to their excellent temperature resistance in applications such as heat exchangers, offshore rigs, wind turbines, automotive mufflers and bridges among others.

The global Silicone resin market has been segmented on the basis of product type, application end use industry and region. Among the various end use industries, the building and construction, automotive and electronics industry is projected to generate the highest revenues during the forecast period. The growing use in coil coatings, decorative coatings and protective coatings is projected to attribute to the growth of the segment. On the basis of product type, the water-based silicone resin is expected to generate substantial gains owing to the growing demand for low volatile compound and non-hazardous air pollutant containing coatings.

Regional Analysis

The global Silicone resin market is segmented into; North America, Europe, Asia Pacific, Latin America, Middle East and Africa. According to Veracious Statistics Report, the Asia Pacific witnessed the fastest growing silicone resin market in 2017 and is expected to show the same trend during the forecast period. The growing demand for paints and coatings in the region coupled with the rising government expenditure in building and construction industry especially in China, India and Japan is expected to propel the demand for silicone resins during the review period. Europe is projected to be another dominant Silicone resin market during the forecast period.  The developed automobile and electrical and electronics industry are projected to positively add to the demand for silicone resins in the European market.

Key Players Landscape

The Silicone resin market remains highly competitive with several players emphasizing on product innovation, new launches, merger and acquisitions and geographic expansions to increase market share. For instance, Dow chemical Corporation on September 2018, announced the construction of a new silicone resin plant in Zhangjiagang, China to meet with the global demands for specialty silicone products in the key industries.

Some of the proficient players operating in the global Silicone resin market include Wacker Chemie AG, Dow Chemical Corporation, Shin-etsu Chemical Co. Ltd., Evonik TegoChemie, GmbH, Bluestar Silicones, Kaneka Corporations, Momentive performance materials holdings Inc., BRB International BV and SiltechCorportion.

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