Silicone Coating Market Report by Product (Silicone Additives, Silicone Water Repellents, Silicone Polymers, 100% Silicone), Technology (Solvent-Based, Solventless, Water-Based, Powder-Based), Application (Building and Construction, Consumer Goods, Automotive and Transportation, and Others), and Region 2024-2032

Silicone Coating Market Report by Product (Silicone Additives, Silicone Water Repellents, Silicone Polymers, 100% Silicone), Technology (Solvent-Based, Solventless, Water-Based, Powder-Based), Application (Building and Construction, Consumer Goods, Automotive and Transportation, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4131
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Silicone Coating Market Overview:

The global silicone coating market size reached US$ 6.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.

Report Attribute
 Key Statistics 
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 6.7 Billion
Market Forecast in 2032
US$ 9.8 Billion
Market Growth Rate 2024-2032 4.2%


Silicone coatings refer to protective and preservative coatings manufactured using synthetic polymeric compounds. They are produces using various resins and polymers as binders and additives. Some of the commonly available silicone coatings include solventless and solvent-, water- and powder-based coatings. These coatings exhibit various advantageous properties, such as high thermal stability, structural strength and water, weathering, corrosion and scratch resistance. In comparison to the conventionally used coatings, silicon variants have a longer life and are more environment friendly. As a result, they find extensive applications across various industries, including automotive, chemical, construction, electronics, marine and paper and pulp.

Global Silicone Coating Market

Silicone Coating Market Trends:

Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. High-performance water-based acrylate-silicone coatings are widely used on the roofs and walls of commercial and residential constructions to protect them from damage caused by corrosion, dust, ultraviolet (UV) exposure and dampness due to frequent changes in climatic conditions. Moreover, the increasing utilization of silicon coatings in automobiles and marine vehicles is providing a thrust to the market growth. These coatings prevent fouling in naval vessels and provide lubrication, electrical insulation and damping in automobiles. Additionally, various product innovations, such as the development of organic silicon coatings, with enhanced hydrophobicity, heat-, dust- and moisture-resistance, are acting as other growth-inducing factors. These novel variants are extensively used in medical devices as an anti-microbial, anti-fungal and anti-corrosion barrier on surfaces of stainless or other metals. Other factors, including rising environmental consciousness among the masses, along with the implementation of favorable government policies promoting sustainable development, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global silicone coating market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, technology and application.

Breakup by Product:

  • Silicone Additives
  • Silicone Water Repellents
  • Silicone Polymers
  • 100% Silicone
     

Breakup by Technology:

  • Solvent-Based
  • Solventless
  • Water-Based
  • Powder-Based
     

Breakup by Application:

  • Building and Construction
  • Consumer Goods
  • Automotive and Transportation
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AFCONA Chemicals Sdn Bhd, BASF SE, Borchers Inc. (Milliken & Company), Chase Corporation, CHT Germany GmbH, Dow Inc., Evonik Industries AG, Lakma Group, Momentive Performance Materials Inc., Shin-Etsu Chemical Co. Ltd. and Wacker Chemie AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AFCONA Chemicals Sdn Bhd, BASF SE, Borchers Inc. (Milliken & Company), Chase Corporation, CHT Germany GmbH, Dow Inc., Evonik Industries AG, Lakma Group, Momentive Performance Materials Inc., Shin-Etsu Chemical Co. Ltd. and Wacker Chemie AG
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global silicone coating market was valued at US$ 6.7 Billion in 2023.

We expect the global silicone coating market to exhibit a CAGR of 4.2% during 2024-2032.

The rising demand for silicone coating across various industries, such as automotive, chemical, construction, etc., owing to its beneficial properties, such as high thermal stability, structural strength, corrosion and scratch resistance, etc., is primarily driving the global silicone coating market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for silicone coatings.

Based on the product, the global silicone coating market can be segmented into silicone additives, silicone water repellents, silicone polymers, and 100% silicone. Currently, 100% silicone holds the majority of the total market share.

Based on the technology, the global silicone coating market has been divided into solvent-based,  solventless, water-based, and powder-based. Among these, water-based currently exhibits a clear dominance in the market.

Based on the application, the global silicone coating market can be categorized into building and construction, consumer goods, automotive and transportation, and others. Currently, consumer goods account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global silicone coating market include AFCONA Chemicals Sdn Bhd, BASF SE, Borchers Inc. (Milliken & Company), Chase Corporation, CHT Germany GmbH, Dow Inc., Evonik Industries AG, Lakma Group, Momentive Performance Materials Inc., Shin-Etsu Chemical Co. Ltd., and Wacker Chemie AG.

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Silicone Coating Market Report by Product (Silicone Additives, Silicone Water Repellents, Silicone Polymers, 100% Silicone), Technology (Solvent-Based, Solventless, Water-Based, Powder-Based), Application (Building and Construction, Consumer Goods, Automotive and Transportation, and Others), and Region 2024-2032
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