The global silicone coating market size is anticipated to reach USD 7.35 billion by 2027, at a registering a CAGR of 6.3% over the forecast period 2020 to 2027.
Increasing coating demand from consumer goods and construction are likely to drive the industry growth. Increasing use of environment - friendly and energy saving products is expected to spur the market growth further.
The silicone coating industry is highly competitive owing to the presence of a vast number of market players striving to offer product differentiation for various applications. Companies are carrying out research & development activities for developing new and innovative products as product differentiation is the key factor for the businesses to sustain the competition. Technological breakthroughs, innovations, and studies carried out for expanding the product’s application scope are projected to foster the demand over the forecast period.
Rising utilization of conformal coatings in various sectors such as defense, automotive, industrial, and building & construction is anticipated to push the manufacturers towards backward integration in the value chain over the coming years. Higher integration across the value chain components is likely to result in time reduction for transforming raw materials into finished products and in gaining cost advantage. Integration of processes from inbound logistics to after sales services are expected to become the new trend in silicone market. This will lead to improved quality and low cost products which will to ensure optimum performance and provide maximum life time value.
Silicone manufacturers are expanding their production capacity and infrastructure with an aim to cater to the growing market requirements. Moreover, the key coating industry players are indulged in acquisitions and partnerships to ensure uninterrupted raw material supply. Acquisitions and joint ventures are an integral part of this industry and helps companies to strengthen their market position.
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. With silicone coatings, manufacturers in the industries of automotive and construction achieve desirable scratch, water, and chemical resistance for their products. The current prosperity of automotive and construction industries is having a pied piper effect on the global silicone coatings market, which is projected to expand at a rapid growth rate during the forecast period of 2020 to 2027.
100% silicone emerged as the largest product segment and accounted for more than 33% of the market in 2016. Its properties such as light weight, high tensile strength, clarity for transparency, and electromechanical resistance results in its suitability for various high heat applications such as exhaust stacks, furnaces, wood - burning stoves, lighting fixtures, and barbeque grills. Apart from heat resistant coatings, it is also used as abrasion resistant and food contact release coatings.
Silicone water repellent coating is the fastest growing product segment owing to its applicability over various surfaces and applications. In building facades, trapped moisture behind or within the substrates adversely affect longevity, degrades living comfort, and increases heating cost & thus the carbon dioxide emission.
Water repellency results in hydrophobicity which inhibit water from roaming through the substrate, thus provide moisture resistance to buildings. On account of excellent weather resistant characteristics, low heat conductivity, excellent shock resistant properties, this product segment is expected to gain popularity over the forecast period.
Silicone water repellent does not require solvents, thus contains very low volatile organic compounds (VOC), thereby making it suitable for energy - efficient buildings and indoor air quality improvement. Moreover, the rising demand for green buildings is expected to create a high growth potential for this product segment over the next nine years.
Consumer goods sector emerged as the largest application segment and accounted for over 30% of the market share in 2016. Silicone offers excellent gloss retention property which makes it a suitable choice for coating household appliances and jewelry. Moreover, the growth of the consumer goods sector is directly proportional to the consumers buying power. Thus increasing disposable income results in more spending on product & services which act as a driving force behind growing consumer goods market.
Equipment & machinery operating at extreme temperatures require heat barrier coatings to perform at optimum levels. Increasing focus on thermal insulation to improve the operating efficiency is expected to trigger the product demand from industrial applications. It is mainly used in boilers, heavy duty press, pipes & tanks carrying high temperature liquids & solutions, chimney and other equipment exposed to high heat.
Building & construction is a major application segment of silicone coating which is anticipated to grow at the fastest CAGR over the forecast period. Infrastructure development and emphasis on green buildings coupled with VOC regulations are creating high demand for environment - friendly coatings
Moisture absorption in buildings results in corrosion and higher emission of carbon dioxide, thus increasing the greenhouse gas release. Any small gap between paint and the substrate results in moisture absorption. Silicone in coating form acts as a sealant on the substrate and forms a layer which provides electromechanical and weather resistance.
Advancements in automobile technology coupled with increasing disposable income and standard of living are projected to drive the automotive and transportation industry. Infrastructure development, combined with the growing population in developing nations such as India and China is anticipated to create a high growth potential for automotive manufacturers. Economies such as China, India, Brazil, and South Africa are expected to grow exponentially over the next few years.
The silicone coating is widely used in industrial and automotive applications owing to its excellent properties such as resistance from heat, dust, moisture, weather, electricity along with superior hydrophobicity. Low - cost labor and raw materials coupled with the presence of various application and end use industries in the Asia Pacific are driving demand in this region.
China and India occupy significant market shares in the global manufacturing sector and are also leading automotive producers. Developing economies such as India, Indonesia and China are expected to witness strong economic growth over the coming years.
Presence of massive population coupled with rising disposable income and supportive government policies such as subsidies, promotion of foreign direct investment, etc. is attracting global formulators and distributors to shift their base in the Asia Pacific region. Moreover, the presence of a large number silicon manufacturers in the region is expected to act as a competitive advantage to the companies.
Growing automotive production and investments in defense & aerospace are projected to enhance demand for this product across the globe. Stringent environmental regulations in Europe and the U.S. have forced the automotive manufacturers to incorporate renewable, energy - efficient and environment - friendly products & solution in the motor vehicle production.
Massive investments undertaken in developing the infrastructure, with emphasis on building & construction sectors in the Middle East and Asia Pacific, is expected to boost demand over the coming years. Green building initiatives, especially in Europe is anticipated to propel the demand for environment - friendly water - born solvent less silicone coating.
Silicone Coating Market Share Insight
Most of the key players have integrated their raw material production and distribution operations to maintain the product quality. This provides companies a competitive advantage in the form of cost benefits, thus increasing the profit margin. Companies are undertaking research & development activities to develop new products to sustain market competition and changing end - user requirements.
Some of the modern technologies include solvent - less, solvent - based, water - based and powder - based coatings. Solvent - less technology is gaining popularity owing to the stringent emission and environmental regulations and awareness towards using energy efficient products and solutions.
The demand for silicone coating based on solvent - less technology is primarily coming from North America and Europe. Various predominant rules & regulations such as green building code, Euro 6, Federal Standards, German Renewable Energy Act (EEG), ASTM standards, and Weatherization Assistance Program (WAP) is leading the market towards solvent - less coating.
Research activities focused on new materials, with enhanced properties, are projected to gain in popularity in this industry. Some of the prominent companies manufacturing these products include Shin - Etsu Chemical Co., Ltd., Wacker Chemie AG, DOW Corning Corporation, and Momentive Performance Materials Inc.
Silicone Water Repellents
Building & Construction
Automotive & Transportation
Central & South America
The Silicone Coatings market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Silicone Coatings market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Silicone Coatings market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Silicone Coatings market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Silicone Coatings market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Silicone Coatings capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Silicone Coatings by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Silicone Coatings market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Silicone Coatings market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Silicone Coatings market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Silicone Coatings industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Silicone Coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Silicone Coatings market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Silicone Coatings market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Silicone Coatings market. These factors have benefited the growth of the global market for Silicone Coatings. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Silicone Coatings. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Silicone Coatings are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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