DALLAS, USA, July 18, 2022 (GLOBE NEWSWIRE) -- Recent study report released by Data Bridge Market research titled “Global Silicone Coating Market” (covering USA, Europe, China, Japan, India, South East Asia and etc) highlights opportunities, risk analysis, and leveraged with strategic and tactical decision-making support. The report includes historic data, present and future market trends, environment, technological innovation, upcoming technologies, and the technical progress in the DBMR industry. By examining competitor analysis, the Data Bridge Market Research industry can get fluency in the strategies of key players in the market including new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. The study conducted in this market report takes into account heterogeneous markets in accord with the requirement of the Data Bridge Market Research industry. The silicone Coating Market report also scoops out the most excellent solutions and detailed information about the market trends.
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 Overview:-
Silicone coatings refer to preservative and protective coatings which has been 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.
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
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)
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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.
Market Segmentation: Silicone Coating Market
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
- Water-Based
- Powder-Based
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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 marke, due to rising demand for silicone coating is from developing economics such as India and China.
Benefits of buying the report:
- This report is compiled using a vigorous and thorough research methodology. Data Bridge Market Research is also known for its data accuracy market reports.
- A complete picture of the competitive scenario of Silicone Coating market is depicted by this report.
- The report consists of a vast amount of data about the recent product and technological developments in the markets.
- The extensive spectrum of analysis regarding the impact of these advancements on the future of market growth.
- The insights in the report are easy to understand and include a graphical representation of the numbers in the form of histograms, bar graphs, pie charts, etc.
- Components such as market drivers, restraints, challenges, and opportunities for Silicone Coating market are explained in detail.
- It also provides a complete assessment of the expected behaviour about the future market and changing market scenario.
- Making an informed business decision is a tough job; this report offers several strategic business methodologies to support you in making those decisions
Some Major TOC Points:
Chapter 1: Silicone Coating Market Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.
Chapter 2: Silicone Coating Industry Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market Channels, and Major Downstream Buyers.
Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Silicone Coating
Chapter 4: Downstream Characteristics, Consumption, and Market Share by Application of Silicone Coating s
Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Silicone Coating s by Regions.
Chapter 6: Silicone Coating Production, Consumption, Export, and Import by Regions.
Chapter 7: Silicone Coating Market Status and SWOT Analysis by Regions.
Chapter 8: Competitive Landscape, Product Introduction, Company Profiles, Market Distribution Status by Players of Silicone Coating
Chapter 9: Silicone Coating Market Analysis and Forecast by Type and Application.
Chapter 10: Silicone Coating Market Analysis and Forecast by Regions.
Chapter 11: Silicone Coating Industry Characteristics, Key Factors, New Entrants SWOT Analysis, Investment Feasibility Analysis.
Chapter 12: Silicone Coating Market Conclusion of the Whole Report.
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