Global Silicone Coating Market is segmented By Applications (Paints, Inks, Films, Automotive parts, Wearable devices, Electronic components, Heat-resistant components, Office automation equipment, Others), By Type (Automotive clear coatings, Heat resistant coatings, industrial maintenance coatings, Hygienic coatings, Marine coatings, Biocidal coatings, Anti-fouling coatings, Abrasion-resistant coatings, Architectural coatings, Elastomeric Coatings, Others), By Coating Agents (Resins, Additives, Pigments& Fillers, Solvents), By Chemistry (Silanes, Polydimethylsiloxane, Polyorganosiloxane, Silicone Polyethers, Silicone Antifoams, Silicone Resins, Silicone Elastomers, Silicones, Others), By End Users (Construction, Industrial, Electronics, Marine, Consumer Goods, Automotive, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Silicone Coating Market Overview
The Global Silicone Coating Market is estimated to reach at a CAGR of 5.4% during the forecast period (2024-2031).
Silicone coatings can be delivered in different forms, from liquids to elastomers, making them easy to use and adaptable to various applications, including release coating of paper and film, textile coating for airbag applications, protective paints, anti-fouling coatings in naval shipping, genuine and artificial leather, outdoor furniture, protection of printed text on food packaging, technical textiles, creation of soft and smooth surfaces in accessories and clothing, in additives to enhance levelling, smoothing or reduced foaming.
Silicone Coating Market Summary
|
Metrics |
Details |
|
Market CAGR |
5.4% |
|
Segments Covered |
By Applications, By Type, By Coating Agents, By Chemistry, By End Users and By Region |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
|
Fastest Growing Region |
Asia Pacific |
|
Largest Market Share |
Asia Pacific |
To Get a Free Sample Click here
Silicone Coating Market Trends
The global silicone coating market growth is driven by increasing construction activities, rapid advancements and increasing applications in diverse industries.
The rapid advancement and increasing applications of silicone coatings in diverse industries is expected to drive market growth
The growing demand for silicone coatings is due to its salient properties, such as inorganic silicone coatings being extremely flexible and resistant to temperatures up to 650°C. As a result, they are widely used within the oil and gas industry. With increasing usage, leading companies are advancing their product, complying with government and industry requirements. For instance, One of the common problems faced in the oil and gas industry is corrosion; kzoNobel developed Interbond 1202UPC pipe coating, which complies with the ISO12944-9:2018 international standard for performance of coatings in an offshore CX environment. It also provides an ambient cure and provides anti-corrosive properties during high-heat service.
Moreover, According to the industry analysis, market revenue from the U.S. is expected to reach approximately 1.66 billion U.S. dollars by 2025 with applications in Industrial paint-makers to improve adherence, waterproofing and resistance to extreme conditions. In consumer goods, silicone coatings are also used in a vast number of products and applications, including airbags, technical textiles, leather goods, providing the right characteristics for each product and the look-and-feel consumers want, which are expected to boost the market growth.
Increasing cost and shortage of supply of silicone can affect the silicone coatings market growth
The silicone coatings market is getting affected by the shortage of supply for silicone and regular hike in prices. Various companies globally like Shin-Etsu Chemicals Ltd. have increased their silicone products price due to China’s increasing demand, as well as increases in production costs. In addition, methanol costs and catalyst raw material costs, including platinum, with supply shortage, logistics secondary and increasing materials costs are factors leading to restraining the market growth.
COVID-19 Impact Analysis on Silicone Coating Market
Due to the pandemic, stakeholders across the silicone coatings industry have seen a notable impact as all the manufacturing industries were closed. The silicone coating market suffered a decline in 2020 due to reduced demand for paints and coatings in automotive, construction, electronics and other related sectors. The silicone production was hindered with halts and supply chain disruption as China accounts for almost 70% production of silicone globally. In addition, certain industries like the food and healthcare industry experienced high demand for silicone coatings with applications such as antimicrobial coatings.
However, the market is expected to recover in upcoming years with recovery in industries like automotive and construction are expected to work with higher production and healthy capacity, creating opportunities for silicone coating demand and resulting in market growth.
Silicone Coating Market Segmentation Analysis
By type, the silicone coatings market is classified into heat-resistant coatings, hygienic coatings, marine coatings, biocidal coatings and others.
The hygienic coatings type silicone coatings market is expected to grow at the fastest CAGR during the forecast period (2020-2027)
The hygienic type silicone coatings are expected to hold the largest market for silicone coatings market is the forecast due to the following advantages: easy release force to guarantee a noiseless manipulation of the sanitary napkins, excellent anchorage and hold out for machine glazed or machine finished kraft papers or non-wovens, cure at room temperature, reduce stress and shrinkage on heat-sensitive substrates, fast cure for high-speed coating operations to maximize throughput, with hygiene mandatory labelling requirements and pass skin irritation tests.
The demand for hygienic coatings is due to the increasing prevalence of microbes causing infections and causing illnesses. Hygienic silicone coatings can be used for applying onto films, papers and non-wovens sanitary napkins, diaper tapes and other applications. Moreover, Silicone release coatings can be used in the fabrication of these hygiene applications, multiple layer constructions and on off-line coaters. Various leading companies are coming up with the launching of silicone type hygienic coatings such as Elkem ASA has launched Silicone Silcolease, which is quick and efficient at low coat weights on low grammage paper, and polyolefin films to give unique processing advantages, including heat-sensitive substrates.
Silicone Coating Market Geographical Share
Asia Pacific region holds the largest market for the global silicone coatings globally
The Asia Pacific holds the largest market for silicone coatings globally and is forecasted to continue its dominance with increasing construction and automotive industries. According to the industry analysis, the Construction market reached almost 12 trillion U.S. dollars in 2019, with APAC holding the largest construction industry globally. With increasing construction activities, the demand for silicone coatings will also increase having applications in furniture, paints and buildings.
For this reason, various companies globally are interested in investing in the silicone market, such as Dow has invested $300m in China’s Silicone Business signing with the Zhangjiagang Free Trade Zone in Jiangsu province. Also, Elkem ASA has acquired Polysil, a leading Chinese silicone elastomer & resins material manufacturer for strengthing their silicone coating in the region.
Silicone Coating Market Companies and Competitive Landscape
The silicone coatings market is moderately competitive with the presence of the local players, followed by the global companies who contribute to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are Shin-Etsu Chemical Co. Ltd, Elkem ASA, Progressive Materials, Sherwin-Williams, PPG Industries, Inc., Kansai Paint., Akzo Nobel, Nippon Paint, Dow Chemical Company, Evonik Industries AG and various others. The major players are adopting various new strategies to dominate the market, such as launching new products with more safety and hygiene and collaborations, which are contributing to the growth of the silicone coatings market globally.
Shin-Etsu Chemical Co. Ltd
Overview: Shin-Etsu Chemical Co. Ltd offers 5,000 products for users in a wide range of industries, including auto manufacturing, electrical/electronic manufacturing, construction, cosmetics, healthcare and the chemical industry. The company has sales offices in countries around the globe, including the Japan, USA, South Korea, China, Taiwan, Singapore, Thailand and the Netherlands.
Product Portfolio: The Company manufactures a variety of products, including polyvinyl chloride (PVC), silicone greases, silicone oil compounds, silicone resins, one-component rtv silicone rubbers, two-component rtv silicone rubbers (for electricity and electrons), thermal interface silicone rubber, electrically conductive silicone rubber products, liquid fluoroelastomers shin-Etsu sifel and various others.
Key Development: In 2020, the company Shin-Etsu Chemical Co. Ltd. developed a new Reduced-Platinum Reaction Curing System technology that drastically lowers the amount of platinum used in silicone release coatings due to its cost and the depletion of its limited resources.
Why Purchase the Report?
- Visualize the segmentation of the silicone coating market by applications, type, coating agents, chemistry, end-users and region, highlighting the key commercial assets and players.
- Identify commercial opportunities in silicone coating by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of silicone coating market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global silicone coating market report would provide access to an approx: 77 market data tables, 92 figures and 180 pages.
Target Audience
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
