Global Silicone Coatings Market is valued at USD 6291.2 Million in 2021 and is expected to reach USD 9964.3 Million by 2028 with a CAGR of 6.79% over the forecast period.
Global Silicone Coatings Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028- Growing construction industry, increasing number of applications and rising environmental concern are the major factors expected to accelerate demand for the Global Silicone coatings Market.
Silicones are also able to be applied in dense films, making the coatings useful as a vibration damping / separation tool if the assembly is to be placed in a high vibration environment. The silicone coating material has excellent light resistance using the properties of silicone. They can be used not only for semiconductor applications but also as protective materials for a variety of materials due to their thermal stability and high adhesion to inorganic materials.
Covid-19 has also impacted the growth of global silicone coatings market owing to the restrictions such as lockdown, social distance and traffic restrictions. In addition, restrictions on international trade and lockdown regulations in the chemical industry are expected to limit short-term market demand. Silicone coatings manufacturers were affected by the order to close the business in 2020, the rules of social distance and limited local and state government office activities. Covid-19 has had a major impact on construction, automotive and transportation, consumer goods, marine, industrial, paper and film publishing, and more which are end-users of silicone coatings.
The global Silicone coatings market is segmented based on composition, application, technology and geography. Based on composition, global Silicone coatings market is segmented in to Silicone Additives, Silicone Polymers, 100% Silicone and Silicone water repellents. Based on application, the market is segmented into construction, automotive and transportation, consumer goods, marine, industrial, paper and film release and others. Based on technology, the Silicone coatings market is segmented in to solvent less, solvent-based, water-based and powder-based.
The regions covered in this Silicone coatings market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of Silicone coatings is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
In the recent year, urbanization is exponentially increasing and it increase the demand of construction which leads to supplement the demand for Silicone coating. Governments are taking initiative towards the smart and connected cities which is also fostering the market growth. Various advantages offered by Silicone coating are also boosting the market growth. These are one-component coating materials which were developed for water-proofing concrete, mortar, and metal surfaces. They adhere well to the substrate and cure to form a silicone rubber film which offers outstanding durability and weather resistance. Additionally, a silicone coating can prevent liquid water and air from permeating through the façade while simultaneously allowing moisture vapor to exit, rather than condense, on the inside and lead to water issues. This can occur because of the size of water, vapor, and air molecules, as well as the low surface energy of silicone.
In addition, its growing adoption in various industrial sectors like, automotive and transportation, consumer goods, marine, industrial, paper and film release and others is also augumenting the market growth. In consumer goods, silicone coatings are also used in a vast number of products and applications, from airbags to technical textiles and leather goods, providing the right characteristics for each product and the look-and-feel consumers want. Silicone can be sprayed or coated on dry fabric, or soaked into fabric. It can also be calendared and applied to material in very thin sheets. silicone coatings used on the interior upholstery of cars such as on seat and door fabrics.
However, fluctuation in raw material prices and high manufacturing cost of production factors may restrict the growth of the Silicone coatings market. In spite of that, the emergence of new technologies in Silicone coatings will create opportunities in the Silicone coatings market.
Dow Introduced Solvent-Free Silicone Release Coating Designed to Minimize Misting and Improve Production Efficiency in High-Speed Coating Operations
On November 15th, 2021; Dow announced the introduction of solvent-free SYL-OFF SL 184 Coating, an energy-efficient alternative that minimizes misting at very high product label production line speeds. A fast-curing silicone that exhibits low release force at both low and high peel speeds, SYL-OFF SL 184 Coating maintains overall performance on most existing label coating equipment, including multi-roll lines.
MLJ Set Up Self-Adhesive and Silicone Coating Plant in India
October 29, 2021; MLJ decided to add self-adhesive and silicone coating lines in its three-acre plant in Greater Noida. The plant was already equipped with poly extrusion lines, one siliconizer, and two combination coating lines for silicone and hot melt adhesive to create pressure-sensitive adhesive label stock.
Global Silicone Coatings Market Regional Analysis–
North America is expected to dominate the global silicone coatings during the forecast period. This growth can be attributed to the growing demand in the construction and automotive industry. The construction industry is a vital part of the U.S. economy. 1,337,800 new housing units were completed in 2021, a 4% increase from 2020 these numbers are showing the as housing constructions increases the demand of silicone coating is also high. Additionally, Europe is the major automotive manufacturing region and silicon coating is mostly used in automotive industry so Europe is one of the silicone coating demanding market.
Asia Pacific is expected to be an emerging region in the silicone coatings market due to the increasing investment into the construction sector and automotive sector and rising number of supportive government initiatives in this region. For example; as per the Union budget 2020, the focus is on infrastructure for economic development, and 6,500 projects across sectors under the National Infrastructure Pipeline (NIP) envision ease of living for citizens.
|2018 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 6291.2 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 9964.3 Million
|Tables, Charts & Figures:
|Silicone Coatings Companies
|Wacker Chemie AG, Momentive, Dow, Shin-Etsu Chemical Co., Ltd., KCC Silicone, BASF SE, Evonik Industries, Humiseal, Siltech Corporation, BYK-Chemie GmbH, Afcona Chemicals Sbn Bhd, Brochers Inc., Chase Corp, CHT Germany GmbH , Carboline Company, damprny company, Henry company, The Griff network, Mapei S.p.A. ,Sika AG., and others.
|By Composition, By Application, By Technology
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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