Silicones are commonly used by the coating industry to improve its protective and preservative attributes. Resins as binders or polymers as additives are two types of silicone products used to produce silicone coatings, which are primarily used for paint and coatings to enhance aging of the paint and wettability for easier application.
Market Analysis and Insights: Global Silicone Coating Market
Due to the COVID-19 pandemic, the global Silicone Coating market size is estimated to be worth US$ 5130.3 million in 2022 and is forecast to a readjusted size of US$ 6454.1 million by 2028 with a CAGR of 3.9% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Silicone Additives accounting for % of the Silicone Coating global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Construction segment is altered to an % CAGR throughout this forecast period.
Asia-Pacific is also expected to witness the highest growth rate in the silicone coatings market, in terms of value and volume, between 2018 and 2023. Rising investments by foreign companies; growing production facilities; strong industrial base for construction, consumer goods, and automotive sectors; and improve in standard of living are the other major factors contributing to the growth of the silicone coatings market in this region.
Global Silicone Coating Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Silicone Coating Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Silicone Additives
Silicone Polymers
100% Silicone
Silicone Water Repellents
Segment by Application
Construction
Automotive & Transportation
Consumer Goods
Industrial
Paper & Film Release
Marine
Others
By Company
Wacker Chemie
Momentive Performance Materials
Shin-Etsu Chemical
Dow Corning
KCC Silicone
Evonik
BASF
Humiseal
BYK-Chemie
ACC Silicones
Afcona Additives
OMG Brochers
Siltech
Lakmar
Elkem Silicones
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina