The coating industry commonly uses silicones to improve their 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 the ageing of the paint and wettability for more straightforward applications. With silicone coatings, manufacturers in the automotive and construction industries achieve desirable scratch, water, and chemical resistance for their products. The current prosperity of the automotive and construction industries is having a pied piper effect on the global silicone coatings market.
MARKET DYNAMICS
Rapid urbanization and increasing disposable income, with which the construction and automotive industry is thriving, this primary factor behind the incrementing demand for silicone coatings. The awareness among the consumers is growing, and they are willing to pay extra for enhanced quality and appearance brought to the products by silicone coatings. But the high manufacturing cost of production will hamper the growth of the silicone coating market. Price perceptive of the market and strict regulatory approvals essential for production might challenge the growth of the silicone coating market.
MARKET SCOPE
The "Global Silicone Coatings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry, focusing on the global market trends. The report aims to overview the silicone coatings market with detailed market segmentation by category, distribution channel, and product type. The silicone coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading silicone coatings market players and offers key trends and opportunities.
MARKET SEGMENTATION
The global silicone coatings are segmented on type, application and geography. The silicone coating is segmented into additives, polymers, 100% silicone, water repellents, and others. And based on the application, it is segmented into construction, automotive & transportation, electronics, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including qualitative and quantitative information. It provides an overview and forecast of the global silicone coatings market based on various segments. It also provides market size and forecast estimates from 2019 to 2028 with respect to five major regions North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The silicone coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally and the current trend and opportunities prevailing in the region.
MARKET PLAYERS
The reports cover key developments in the silicone coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the silicone coatings market are anticipated to witness lucrative opportunities in the future with the rising demand for silicone coatings in the global market. Below mentioned is the list of a few companies engaged in the silicone coatings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the silicone coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Wacker Chemie AG
-Momentive Performance Material Inc.
-Dow
-Shin-Etsu Chemical Co. , Ltd.
-KCC SILICONE CORPORATION
-Elkem Silicones
-ACC Silicones
-Afcona Additives
-Bluestar Silicones
-Humiseal