Polysiloxane Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Polysiloxane Coatings Market Analysis
The market for polysiloxane coatings is expected to register a CAGR of around6% during the forecast period. Major factors driving the market studied are the increasing construction activities in emerging economies.
- 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
This section covers the major market trends shaping the Polysiloxane Coatings Market according to our research experts:
Increasing Consumption in Infrastructure
- Rail, roads, bridges, public parks, etc., are all subjected to continuous extreme conditions. Polysiloxane coatings provide corrosion protection, high-temperature protection, and fire protection to ensure the durability and aesthetics of the building structures.
- In railways, mild steel remains the first choice of metal for constructional purposes, due to its relatively low cost, mechanical strength, and ease of fabrication. The main drawback of the use of this metal is that it corrodes easily in extreme weather conditions. Unless adequately protected it rapidly loses strength, which may result in structural failure. Thus, polysiloxane coatings (which have anti-corrosive properties) are applied to the exterior of the rails.
- Such positive factors are expected to drive the market for polysiloxane coatings in the infrastructure sector during the forecast period.
Asia-Pacific to Dominate the Market
- The Asia-Pacific region dominated the global market share. China is one of the major countries in Asia-Pacific, with ample construction activities, supported by the growing economy. China’s 13th Five Year Plan started in 2016 as it was an important year for the country’s engineering, procurement, and construction (EPC) industry. In addition to this, the country ventured into new business models domestically and internationally, during the year. Although the construction sector slowed down after 2013, it is still a major contributor to the GDP of the country.
- In India, the infrastructure sector plays a vital role in the growth and development of the Country's economy.
- Investments through the private sector are expected to show moderate-to-high growth, owing to factors, such as diminishing overcapacity in some sectors, increasing stability in infrastructure projects, corporate deleveraging, cleaning of loan portfolios by banks, and implementation of the Goods & Services Tax (GST).
- The government is taking various steps to restructure corporate taxes and make it more appealing to foreign investors. The move is anticipated to boost investments in health, education, housing, transport, and water infrastructure sectors.
- Investments of USD 31,650 billion has been proposed by 99 cities under their smart cities plan. 100 smart cities and 500 cities are likely to invite investments worth INR 2 trillion in the next 5 years.
- Therefore with the increasing demand from various 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 partially fragmented in nature. some of the major players are Akzo Nobel N.V., Axalta Coating Systems, LLC, Jotun, PPG Industries, Inc., and The Sherwin-Williams Company, among others.
Polysiloxane Coatings Market Leaders
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Akzo Nobel N.V.
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Axalta Coating Systems, LLC
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Jotun
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PPG Industries, Inc.
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The Sherwin-Williams Company
*Disclaimer: Major Players sorted in no particular order
Polysiloxane Coatings Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Construction Activities in Emerging Economies
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4.1.2 Other Drivers
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4.2 Restraints
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4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Resin Type
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5.1.1 Epoxy-Polysiloxane Hybrids
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5.1.2 Acrylic-Polysiloxane Hybrids
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5.1.3 Polyester Modified Polysiloxane
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5.1.4 Other Resin Types
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5.2 End-user Industry
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5.2.1 Protective
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5.2.1.1 Oil and Gas
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5.2.1.2 Power (Turbines, Windmills, Plants, etc.)
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5.2.1.3 Infrastructure (Rail, Roads, and Bridges)
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5.2.2 Marine
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.2.4 Rest of North America
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 United Arab Emirates
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5.3.5.4 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Raking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Akzo Nobel N.V.
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6.4.2 Axalta Coating Systems, LLC
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6.4.3 Cromology
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6.4.4 Hempel
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6.4.5 Jotun
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6.4.6 PPG Industries, Inc.
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6.4.7 The Sherwin Williams Company
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6.4.8 Tikkurila Oyj
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6.4.9 Asian Paints
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Use of Nano Technology in Polysiloxane Coatings
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7.2 Other Opportunities
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Polysiloxane Coatings Industry Segmentation
The polysiloxane coatings market report includes:
| Resin Type | |
| Epoxy-Polysiloxane Hybrids | |
| Acrylic-Polysiloxane Hybrids | |
| Polyester Modified Polysiloxane | |
| Other Resin Types |
| End-user Industry | |||||
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| Marine |
| Geography | |||||||
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Polysiloxane Coatings Market Research FAQs
What is the current Polysiloxane Coatings Market size?
The Polysiloxane Coatings Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)
Who are the key players in Polysiloxane Coatings Market?
Akzo Nobel N.V., Axalta Coating Systems, LLC, Jotun, PPG Industries, Inc. and The Sherwin-Williams Company are the major companies operating in the Polysiloxane Coatings Market.
Which is the fastest growing region in Polysiloxane Coatings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Polysiloxane Coatings Market?
In 2024, the Asia Pacific accounts for the largest market share in Polysiloxane Coatings Market.
What years does this Polysiloxane Coatings Market cover?
The report covers the Polysiloxane Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polysiloxane Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Polysiloxane Coatings Industry Report
Statistics for the 2024 Polysiloxane Coatings market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Polysiloxane Coatings analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
