Silicone Coating Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Silicone Coating Market Analysis
The silicone coatings market is expected to register a CAGR of over 4%, during the forecast period. The major factor driving the market studied is the utilization of silicone coatings on roofs and exterior walls, in the construction industry. A rise in the demand for silicone coatings is also expected, due to its water-resistant tendency being applied in industries like electrical and automotive. On the flip side, the high production cost of raw materials is anticipated to hinder the growth of the market.
- Owing to its properties of moisture, temperature, and corrosion resistance, silicone coating finds wide applications in the building and construction industry.
- Their ability to tolerate extreme temperatures and not break down even under the effect of UV radiation has led them to become a major choice for enhancing the life of roofs, especially those in plants belonging to the oil and gas industry.
- Asia-Pacific region is expected to be the fastest-growing market due to the high demand for silicone coating from various end-user industries.
Silicone Coating Market Trends
This section covers the major market trends shaping the Silicone Coating Market according to our research experts:
Growing Demand from the Building and Construction Industry
- The major factor driving the growth of the global silicone coating market is growth in the construction industry and thus the need for effective coating products. The silicone coating is used as a layer of protection for the building structures to safeguard the buildings from harsh weather conditions.
- The use of silicone coating for the waterproofing of roofs and for increasing its UV resistance for more durability is further anticipated to boost the market.
- The global expenditure of the construction industry amounted to more than USD 11 trillion in 2019 and is expected to reach around USD 14 trillion by 2025 and thereby ought to surge the demand for silicone coatings.
- Hence, the factors mentioned above are expected to drive the global market for silicone coatings during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is forecast to be the fastest-growing market owing to the large demand from the construction and electronics sectors.
- By the end of 2020, the Asia-Pacific region is projected to account for around 46% of the global construction spending. The further increase in construction spending is expected to boost the demand for silicone coating market.
- The global consumer electronics segment is expected to account for a revenue of around USD 473.3 billion by 2020, out of which approximately USD 253.25 billion is expected to be assembled by China alone. With the growing demand for smart and advanced electronics, the production of electronics is expected to further increase in China.
- Revenue from Japan's consumer electronics segment in 2020 is projected to be USD 17.28 billion and is anticipated to grow at a CAGR of 4.5% during the forecast period reaching a total of about USD 20.62 billion by 2024.
- Indian government has planned to built 100 smart cities across the country fetching an investment of USD 28.18 billion in coming years thereby creating scope for the application of silicone coating market in the region.
- Thus, the rising demand from various industries is expected to drive the silicone coatings market in the region during the forecast period.
Silicone Coating Industry Overview
The global silicone coating market is partially concentrated, with some of the top players accounting for the major shares of the market. Some of the major companies are Shin-Etsu Chemical Co. Ltd, Elkem Silicones, Momentive, Wacker Chemie AG, and Dow.
Silicone Coating Market Leaders
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Shin-Etsu Chemical Co., Ltd
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Elkem Silicones
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Momentive
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Wacker Chemie AG
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Dow
*Disclaimer: Major Players sorted in no particular order
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Silicone Coating Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 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 Growing Demand from Building and Construction Industry
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Volatile Raw Materials Prices
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4.2.2 Other 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 Type
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5.1.1 Polymers
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5.1.2 100% Silicone
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5.1.3 Water Repellents
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5.1.4 Additives
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5.2 End-user Industry
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5.2.1 Building and Construction
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5.2.2 Electronics
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5.2.3 Automotive and Transportation
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5.2.4 Other End-user Industries
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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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5.3.3 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 France
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5.3.3.4 Italy
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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 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 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 CHT UK Bridgwater Ltd
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6.4.2 Dow
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6.4.3 Elkem Silicones
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6.4.4 Evonik Industries AG
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6.4.5 HumiSeal
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6.4.6 KCC Silicone
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6.4.7 Milliken & Company
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6.4.8 Momentive
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6.4.9 Shin-Etsu Chemical Co. Ltd
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6.4.10 Wacker Chemie AG
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Silicone Coating Industry Segmentation
The silicone coating market report includes:
| Type | |
| Polymers | |
| 100% Silicone | |
| Water Repellents | |
| Additives |
| End-user Industry | |
| Building and Construction | |
| Electronics | |
| Automotive and Transportation | |
| Other End-user Industries |
| Geography | |||||||
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Silicone Coating Market Research FAQs
What is the current Silicone Coating Market size?
The Silicone Coating Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Silicone Coating Market?
Shin-Etsu Chemical Co., Ltd, Elkem Silicones , Momentive, Wacker Chemie AG and Dow are the major companies operating in the Silicone Coating Market.
Which is the fastest growing region in Silicone Coating Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Silicone Coating Market?
In 2024, the North America accounts for the largest market share in Silicone Coating Market.
What years does this Silicone Coating Market cover?
The report covers the Silicone Coating Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Silicone Coating Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Silicone Coating Industry Report
Statistics for the 2024 Silicone Coating market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Silicone Coating analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
