Silicone Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Silicone Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global silicone coating market size reached US$ 6.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

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.

Silicone Coating Market Trends:
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.

Key Market Segmentation:
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 2023-2028. Our report has categorized the market based on product, technology and application.

Breakup by Product:

Silicone Additives
Silicone Water Repellents
Silicone Polymers
100% Silicone

Breakup by Technology:

Solvent-Based
Solventless
Water-Based
Powder-Based

Breakup by Application:

Building and Construction
Consumer Goods
Automotive and Transportation
Others

Breakup by Region:

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

Competitive Landscape:
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.

Key Questions Answered in This Report:
How has the global silicone coating market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global silicone coating market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global silicone coating market and who are the key players?
What is the degree of competition in the industry?