Polysiloxane Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Polysiloxane Coatings Market size is estimated at USD 0.93 billion in 2025, and is expected to reach USD 1.22 billion by 2030, at a CAGR of 5.54% during the forecast period (2025-2030).

The COVID-19 pandemic had a significant impact on the polysiloxane coatings market. The pandemic caused disruptions in the supply chain, affecting the availability of raw materials and leading to delays in production and delivery of polysiloxane coatings. However, the polysiloxane coatings market has shown a strong recovery after the initial impact of the COVID-19 pandemic.

Key Highlights

• The polysiloxane coatings market is driven by the rising demand in the oil and gas sector and the increasing construction of buildings and infrastructure.
• However, numerous drawbacks associated with polysiloxane coatings hinder the growth of the market.
• The use of Nanotechnology in Polysiloxane Coatings is likely to act as an opportunity during the forecast period.
• Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.

Polysiloxane Coatings Market Trends

Marine Segment to Dominate the Market

• The marine sector, including ships, offshore platforms, port structures, and naval defense, is highly dependent on anti-corrosive and anti-fouling coatings to withstand harsh oceanic conditions. The constant exposure to saltwater, humidity, and biofouling (marine organism growth) makes polysiloxane coatings a preferred solution for long-term protection.
• The Ministry of Industry and Information Technology (MIIT) reported that China's shipbuilding industry witnessed robust growth in 2023. Ship completions in China accounted for over half of the global total, hitting 50.2%, further cementing the nation's dominance in this sector.
• China's ship completions in 2023 reached 42.32 million deadweight tons (dwt), marking an 11.8% annual increase. Moreover, the country secured new orders for a staggering 71.2 million dwt, reflecting a remarkable 56.4% surge from the previous year.
• According to the United States Naval Institute, as of February 2024, China had 46.59% of the global market and was the largest shipbuilder. The United States had a relatively insignificant capacity at 0.13%.
• However, in 2023, numerous shipbuilding companies secured contracts for building top-caliber fleets for the United States military. Such significant investments will propel the growth of the shipbuilding industry and create a positive impact on the market studied.
• As per the Mobility and Transport division of the European Commission, maritime transport is the backbone of the EU’s international trade and supply chains, carrying over 80% of global trade. Moreover, maritime transport may achieve a carbon-neutral economy by 2050. Some notable shipbuilding contracts across the EU include the following –
• In June 2024, Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany for the construction and delivery of four multi-purpose vessels, each 7,500 DWT, with the option of building another four ships in the near future.
• In June 2024, Italian shipbuilder Fincantieri signed contracts with shipowner Viking for the construction of two new cruise ships. Under the shipbuilding contracts, worth between USD 500 million and USD 1.07 billion, the cruise ships will be delivered in 2028 and 2029.
• Such positive factors are expected to drive the market for polysiloxane coatings in the infrastructure sector during the forecast period.

Asia-Pacific Region to Dominate the Market

• The Asia-Pacific region dominated the global market share owing to the consistent increase in demand form countries like China and India.
• China's polysiloxane coatings market is experiencing significant growth, driven by the increasing demand for high-performance coatings in various automotive, electronics, and construction industries. China's recent initiatives in the oil and gas sector, including ultra-deep drilling campaigns and extensive pipeline projects, are set to boost the demand for advanced polysiloxane coatings significantly.
• In February 2025, China launched a new ultra-deep onshore oil and gas drilling campaign in the Taklimakan Desert, aiming to reach depths of over 8,000 meters. This initiative is part of China's broader strategy to enhance domestic energy security and reduce reliance on imports.
• In July 2024, China established a new state entity to explore ultra-deep oil and gas reserves to enhance energy security. This initiative involves major state firms like CNPC, Sinopec, and other industry players.
• In January 2024, CNOOC Limited announced its 2024 business strategy, focusing on increasing oil and gas reserves and production. Major projects include the Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Development Project, Bozhong 19-2 Oilfield Development Project, and Shenhai-1 Phase II Natural Gas Development Project.
• In October 2024, Chinese manufacturers unveiled 27 new wind turbine models. This significant development highlights China's leadership in the wind energy sector, with major players like Goldwind, Envision, and Mingyang introducing advanced turbines designed for various wind conditions. Introducing these new models will drive demand for high-performance coatings such as polysiloxane.
• These developments underscore the critical role of high-performance polysiloxane coatings in supporting the durability and efficiency of cutting-edge wind power generation technologies in China.
• In recent years India has also been witnessed fosussing on increasing investments in the energy market. According to the Indian Brand Equity Foundation (IBEF), Tthe petroleum and natural gas industry is considered one of the eight key sectors in India. It is anticipated that the demand for oil in India will experience a doubling in size, climbing to 11 million barrels per day by the year 2045.
• According to Indian Oil Corporation Ltd, Indian Oil is an innovator in the field of oil pipelines within the nation, overseeing one of the globe’s most significant oil pipeline systems. In the fiscal year 2023-24, Indian Oil reached a throughput of 95.8 million metric tonnes. Throughout 2023-24, Indian Oil extended its pipeline network by 2,180 km to consistently grow the network in sync with business expansion.
• India has 23,298 kilometers (km) of the natural gas pipeline operational, and about 10,009 km of the gas pipeline is under construction. The government’s target is to increase pipeline coverage by approx. 54% to 34,500 km by 2024-25 and to connect all the states with the trunk natural gas pipeline network by 2027. The country’s increasing investment in the oil and gas industry will affect India’s demand for polysiloxane coatings.
• Therefore with the increasing demand from these countries in the region, the market for polysiloxane coatings is projected to grow, over the forecast period.

Polysiloxane Coatings Industry Overview

The polysiloxane coatings market is consolidated in nature. The major players (not in any particular order) include Akzo Nobel N.V., Hempel A/S, Jotun, PPG Industries, Inc., and The Sherwin-Williams Company, among others.

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