PUBLISHER: IMARC | PRODUCT CODE: 1468074
PUBLISHER: IMARC | PRODUCT CODE: 1468074
The global silicone coating market size reached US$ 6.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.
Silicone coatings refer to protective and preservative coatings manufactured using synthetic polymeric compounds. They are produces using various resins and polymers as binders and additives. Some of the commonly available silicone coatings include solventless and solvent-, water- and powder-based coatings. These coatings exhibit various advantageous properties, such as high thermal stability, structural strength and water, weathering, corrosion and scratch resistance. In comparison to the conventionally used coatings, silicon variants have a longer life and are more environment friendly. As a result, they find extensive applications across various industries, including automotive, chemical, construction, electronics, marine and paper and pulp.
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. High-performance water-based acrylate-silicone coatings are widely used on the roofs and walls of commercial and residential constructions to protect them from damage caused by corrosion, dust, ultraviolet (UV) exposure and dampness due to frequent changes in climatic conditions. Moreover, the increasing utilization of silicon coatings in automobiles and marine vehicles is providing a thrust to the market growth. These coatings prevent fouling in naval vessels and provide lubrication, electrical insulation and damping in automobiles. Additionally, various product innovations, such as the development of organic silicon coatings, with enhanced hydrophobicity, heat-, dust- and moisture-resistance, are acting as other growth-inducing factors. These novel variants are extensively used in medical devices as an anti-microbial, anti-fungal and anti-corrosion barrier on surfaces of stainless or other metals. Other factors, including rising environmental consciousness among the masses, along with the implementation of favorable government policies promoting sustainable development, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global silicone coating market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, technology and application.
Silicone Additives
Silicone Water Repellents
Silicone Polymers
100% Silicone
Solvent-Based
Solventless
Water-Based
Powder-Based
Building and Construction
Consumer Goods
Automotive and Transportation
Others
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
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Wacker Chemie AG.