A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Silicone
Coatings
Market. The
study, titled “Silicone
Coatings Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Silicone Coatings Market: Overview
Silicones
are commonly used by the coating industry to improve its 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
aging of the paint and wettability for easier application. With
silicone coatings, manufacturers in the industries of automotive and
construction achieve desirable scratch, water, and chemical
resistance for their products. The current prosperity of automotive
and construction industries is having a pied piper effect on the
global silicone coatings market, which is projected to expand at a
rapid growth rate during the forecast period of 2016 to 2024.
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Report Preview:
This
report on the global silicone coatings market provides qualitative
and quantitative analysis of all the factors that are expected to
influence the demand over the course of next eight years, and
estimates the future scenario. The report has been developed to act
as a credible business document for audiences such as silicone
coatings manufacturers, raw material suppliers, suppliers and
distributors of silicone coatings, government and regional agencies,
research organizations, and investment research firms. The report
also profiles a number of key players currently active in the global
silicone coatings market, estimating their market share and exploring
their product portfolio.
The
global silicone coatings market can be segmented on the basis of
composition type into silicone additives, silicone polymers, 100%
silicone, and silicone water repellents. Application-wise, the market
can be bifurcated into construction, automotive and transportation,
consumer goods, industrial, paper and film release, and marine. By
technology, the market can be categorized into solvent-based,
solventless, water-based, and powder based. Geographically, the
report studies the lucrativeness of several regions including Asia
Pacific, Europe, North America, Latin America, and the Middle East
and Africa.
Global
Silicone Coatings Market: Drivers and Restraints
Rapid
urbanization and increasing disposable income, with which the
construction and automotive industry is thriving, is the 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 that is brought to the
products by silicone coatings. In construction industry, silicone
coatings find application for tiles, wood and wood panel, concrete,
perlite, and mortar. Their important attributes such as low chemical
reactivity, thermal stability, low toxicity, and low thermal
conductivity is highly useful as they enhance durability, strength,
and stability of the end-product. Conversely, high production cost of
silicone coatings is expected to obstruct the market from achieving
its full potential during the forecast period.
Consumer
goods is emerging as a highly profitable application segment of the
silicone coatings market, with escalating demand for electronic
products. Technology-wise, silicone water repellents is the segment
with best growth rate, owing to its effective hydrophobic properties
as well as robust water resistance properties.
Global
Silicone Coatings Market: Regional Outlook
North
America currently is the most lucrative market, serving maximum
demand for silicone coatings both in terms of value and volume.
However, emerging economies such as India and China, which houses
vast population base, is quickly making Asia Pacific a highly
important region for the players in this market.
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Companies
mentioned in the research report
Some
of the key companies currently active in the global market for
silicone coatings are KCC Silicone, Wacker Chemie AG, Dow Corning
Corporation, Shin-Etsu Chemical Co ., Ltd., and Momentive Performance
Material Inc.
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