Silicone Coating Market Report by Product (Silicone Additives, Silicone Water Repellents, Silicone Polymers, 100% Silicone), Technology (Solvent-Based, Solventless, Water-Based, Powder-Based), Application (Building and Construction, Consumer Goods, Automotive and Transportation, and Others), and Region 2024-2032
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.
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 2024-2032. 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
1. What was the size of the global silicone coating market in 2023?
2. What is the expected growth rate of the global silicone coating market during 2024-2032?
3. What are the key factors driving the global silicone coating market?
4. What has been the impact of COVID-19 on the global silicone coating market?
5. What is the breakup of the global silicone coating market based on the product?
6. What is the breakup of the global silicone coating market based on the technology?
7. What is the breakup of the global silicone coating market based on application?
8. What are the key regions in the global silicone coating market?
9. Who are the key players/companies in the global silicone coating market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Silicone Coating Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Product
- 6.1 Silicone Additives
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Silicone Water Repellents
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Silicone Polymers
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 100% Silicone
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 7 Market Breakup by Technology
- 7.1 Solvent-Based
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Solventless
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Water-Based
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Powder-Based
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 8 Market Breakup by Application
- 8.1 Building and Construction
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Consumer Goods
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Automotive and Transportation
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AFCONA Chemicals Sdn Bhd
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 BASF SE
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Borchers Inc. (Milliken & Company)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Chase Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 CHT Germany GmbH
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Dow Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Evonik Industries AG
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Lakma Group
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Momentive Performance Materials Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Shin-Etsu Chemical Co. Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Wacker Chemie AG
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
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