The Report "Silicone Coating Market by Type (Additives, Polymers, 100% Silicone, Water Repellents Silicone, and Others), Technology, & by Application (Construction, Automotive, Consumer Goods, Marine, Industrial, Paper & Film Release, and Others) - Global Forecast to 2021", size is estimated to reach USD 6.60 Billion by 2021, registering a CAGR of 6.90% between 2016 and 2021. In this study, 2014 has been considered as the historical year and 2015 as the base year for estimating market size, while the forecast period is between 2016 and 2021.
Browse 159 market data tables with 53 figures spread through 191 pages and in-depth TOC on "Silicone Coating Market by Type (Additives, Polymers, 100% Silicone, Water Repellents Silicone, and Others), Technology, & by Application (Construction, Automotive, Consumer Goods, Marine, Industrial, Paper & Film Release, and Others) - Global Forecast to 2021"
Early buyers will receive 10% customization on reports.
The market is driven by the rising demand of silicone coating in the growing construction and consumer goods industries. Rising awareness of high-quality silicone products and demand from Asia-Pacific which is experiencing substantial growth fuelled by their increasing population also drive the market.
Consumer goods is the largest application for silicone coating
Silicone coating are used in various applications such as construction, automotives & transportation, consumer goods, marine, paper & film release, and others. In 2015, the consumer goods application accounted for the largest market share, in terms of value. It is driven by the demand for electronics products from the growing population, especially in China, U.S., and India. The construction application is the second-largest application of silicone coating due to growing awareness about its uses in construction areas such as tiles, concrete, mortar, wood & wood panel, and perlite.
Silicone water repellent is the fastest-growing composition type for silicone coating
Silicone water repellents are the fastest-growing composition type of silicone coatings globally. This is due to its effective hydrophobic properties with excellent weather resistance properties. The key driver for the growth is the increasing usage in of silicone water repellents in construction application and growing manufacturing & construction sector in Asia-Pacific.
Rising demand in Asia-Pacific is the major driver of the silicone coating market
In 2015, North America accounted for the largest market share, in terms of volume and value. However, the high demand in Asia-Pacific is expected to be the major driver of the global silicone coating market. This is due to the increasing demand for quality coating products, rising population in the region, and growing innovation and developments in end-use industries, making it a strong industry hub.
The players profiled in the silicone coatings market report include Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Momentive Performance Material Inc., (U.S.), Shin-Etsu Chemical Co ., Ltd. (Japan), KCC Silicone (South-Korea), and other regional players.
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]