Silicone Coating Market Size, Segmentation, Application Analysis, Trends, & forecast by 2029
Market Analysis and Size
Significant growth in the construction industry all
over the globe is one of the main factors producing a positive outlook for the
market. High-performance water-based acrylate-silicone coatings are broadly
used on the walls and roofs of residential and commercial constructions to
guard them from damage which has caused by ultraviolet (UV) exposure,
corrosion, dust, and dampness due to regular changes in climatic conditions.
Furthermore, the growing application of silicon coatings in marine and
automobiles is driving market growth. Moreover, several product innovations,
such as the expansion of organic silicon coatings, enhanced dust resistance,
hydrophobicity, heat resistance, and moisture resistance, act as other growth
factors. Other factors, including increasing ecological consciousness among the
masses, and the application of favourable government policies stimulating
sustainable development, are expected to drive the market toward growth.
Data Bridge Market Research analyses that the silicone
coating market was valued at USD 5.51 billion in 2021 and is
expected to reach USD 8.72 billion by 2029, registering a CAGR of 5.90 % during
the forecast period of 2022 to 2029. The market report curated by the Data
Bridge Market Research team includes in-depth expert analysis, import/export
analysis, pricing analysis, production consumption analysis, patent analysis
and technological advancements.
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Market Definition
Silicone coatings refer to preservative and protective
coatings which has manufactured by using synthetic polymeric compounds. They
are produces by using many polymers and resins as additive and binders. Some of
the usually available silicone coatings include solvent less and solvent-based,
water-based and powder-based coatings. These coatings show several beneficial
properties, such as weathering, high structural strength and water, corrosion
and scratch resistance. In comparison to the normally used coatings, silicon
alternatives have a longer life and are more environment friendly. As a result,
they find wide applications across several industries, including construction,
electronics, automotive, chemical, marine and paper and pulp.
Silicone Coating Market Dynamics
This section deals with understanding the market
drivers, advantages, opportunities, restraints and challenges. All of this is
discussed in detail as below:
Drivers
·
Growing construction industry
The silicone coating is used as a layer of safeguard
for the building structures to protect the buildings from harsh weather
situations. Due to the growth in the construction industry the demand of the
global silicone coating market is expected to the major driving factor for the
growth of the market. Thus the need for effective coating products.
·
Rise in government and private expenses
toward defence and aerospace activities
Some of the modern technologies include water-based,
solvent less, solvent-based, and powder-based coatings. Solvent less technology
is in advance popularity due to the environmental regulations and stringent
emission and awareness towards consuming energy-efficient solutions and
products.
·
Rise in number of application
Increasing application of conformal coatings in
several areas such as industrial, defence, automotive, and building and construction
is expected to drive the constructers towards backward integration in the value
chain over the upcoming years.
·
Increasing environmental concerns
The global silicone coating industry is being driven
by the growing demand for ecological coating all over the globe. The increasing
global demand for green buildings and increasing ecological concern combined
with stringent VOC regulations
are supporting the industries growth
Opportunities
·
Technology advancement
Advancements in automobile technology together with
growing standard of living and disposable income are anticipated to drive the
transportation and automotive industry. With the increasing population in
developing nations, infrastructure development is expected to produce a high
growth potential for automotive manufacturers.
·
Increased manufacturing capacity
Silicone manufacturers are increasing their
manufacturing capacity and infrastructure with a goal to cater to the
developing market requirements. Furthermore, the main coating industry players
are indulged in partnerships and acquisitions to confirm uninterrupted raw
material supply. Acquisitions and joint ventures are an essential part of this
industry and help businesses to support their market position.
Restraints/ Challenges
High manufacturing cost of production will obstruct
the growth of silicone coating market. Strict regulatory approvals and price
perceptive market essential for production will challenge the growth of the
silicone coating market in the forecast period. The negative impact of COVID-19
outbreak on supply chain and high cost of raw materials will act as market
restraint and further challenge the market growth rate. Non-availability of
handle support in silicone coating and inability to carry heavy goods are the
major market restrains that will obstruct the market's growth rate.
This silicone coating market report provides details
of new recent developments, trade regulations, import-export analysis,
production analysis, value chain optimization, market share, impact of domestic
and localized market players, analyses opportunities in terms of emerging
revenue pockets, changes in market regulations, strategic market growth
analysis, market size, category market growths, application niches and
dominance, product approvals, product launches, geographic expansions,
technological innovations in the market. To gain more info on the silicone
coating market contact Data Bridge Market Research for an Analyst Brief, our
team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Silicone Coating Market
The COVID-19 pandemic had impacted the growth of the
global silicon coatings market. From a regional point of view, the outbreak of
COVID-19 has caused a major setback to the export-oriented economy of countries
due to the closing down of manufacturing plants in the country. The
construction sector is harshly affected as self-isolation, social distancing,
and city-wide lockdowns have forced many locations to stop construction overall
the globe and construction sites, except those working on important projects
like hospitals. All this has impacted the overall silicon coating consumption
across all the countries.
Global Silicone
Coating Market Scope
The silicone coating market is segmented on the basis
of composition, application and technology. The growth amongst these segments
will help you analyze meagre growth segments in the industries and provide the
users with a valuable market overview and market insights to help them make
strategic decisions for identifying core market applications.
Composition
·
Silicone
Additives
·
Silicone
Polymers
·
100%
Silicone
·
Silicone
Water Repellents
Application
·
Construction
·
Automotive
and Transportation
·
Consumer
Goods, Marine
·
Industrial,
Paper and Film Release
·
Others
Technology
·
Solvent
less
·
Solvent-Based
·
Powder-Based
Silicone Coating
Market Regional Analysis/Insights
The silicone coating market is analysed and market
size insights and trends are provided by country, composition, application and
technology as referenced above.
The countries covered in the silicone coating market
report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America,
Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands,
Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and
New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of
Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa,
Rest of Middle East and Africa.
North America dominates the silicone coating market in
terms of market share and revenue and will continue to flourish its dominance
during the forecast period. This is due to the rising demand for silicone
coating in this region. The Asia-Pacific region dominates the silicone coating
market, due to rising demand for silicone coating is from developing economics
such as India and China.
During the projected period, Asia-Pacific is expected
to be the fastest developing due to the increasing application scope from
automotive construction and transportation industries in this region. .
The country section of the report also provides
individual market impacting factors and changes in market regulation that
impact the current and future trends of the market. Data points like
down-stream and upstream value chain analysis, technical trends and porter's five
forces analysis, case studies are some of the pointers used to forecast the
market scenario for individual countries. Also, the presence and availability
of global brands and their challenges faced due to large or scarce competition
from local and domestic brands, impact of domestic tariffs and trade routes are
considered while providing forecast analysis of the country data.
Competitive Landscape and Silicone Coating Market
Share Analysis
The silicone coating 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 coating
market.
Some of the major players operating in the silicone coating
market are:
·
Wacker
Chemie AG (Germany)
·
Momentive
(U.S.)
·
Dow
(U.S.)
·
Shin-Etsu
Chemical Co., Ltd. (Japan)
·
KCC
Silicone (South Korea)
·
BASF
SE (Germany)
·
Evonik
Industries (Germany)
·
Humiseal
(UK)
·
Siltech
Corporation (Canada)
·
BYK-Chemie
GmbH (Germany)
·
Afcona
Chemicals Sbn Bhd (Netherland)
·
Brochers
Inc. (France)
·
Chase
Corp, (US)
·
CHT
Germany GmbH (Germany)
·
Carboline
Company (India)
·
Damprny
Company (US)
·
Henry
Company (US)
·
The
Griff network (US)
·
Mapei
S.p.A. (Italy)
·
Sika
AG (Switzerland)
Research Methodology: Global Silicone Coating Market
Data collection and base year analysis is done using
data collection modules with large sample sizes. The stage includes the
obtainment of market information or related data through various sources and
strategies. It includes examining and planning all the data acquired from the
past advance. It likewise envelops the examination of information
inconsistencies seen across different information sources. The market data is
analyzed and estimated using market statistical and coherent models. Also
market share analysis and key trend analysis are the major success factors in
the market report. To know more, please request an analyst call or drop down
your inquiry.
The key research methodology used by DBMR research
team is data triangulation which involves data mining, analysis of the impact
of data variables on the market, and primary (industry expert) validation.
Apart from this, data models include Vendor Positioning Grid, Market Time Line
Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis,
Pricing Analysis, Company Market Share Analysis, Standards of Measurement,
Global versus Regional and Vendor Share Analysis. To know more about the
research methodology, drop in an inquiry to speak to our industry experts.
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