Silicone Coating Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Type (Polymers, 100% Silicone, Water Repellents, and Additives), End-user Industry (Building and Construction, Electronics, Automotive and Transportation, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East & Africa)

Market Snapshot

silicone coating - market summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >4 %

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Market Overview

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.

Scope of the Report

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
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

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.
Silicone Coating Market Revenue Share

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 Market Regional Trends

Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from Building and Construction Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Volatile Raw Materials Prices

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Polymers

      2. 5.1.2 100% Silicone

      3. 5.1.3 Water Repellents

      4. 5.1.4 Additives

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Electronics

      3. 5.2.3 Automotive and Transportation

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 CHT UK Bridgwater Ltd

      2. 6.4.2 Dow

      3. 6.4.3 Elkem Silicones

      4. 6.4.4 Evonik Industries AG

      5. 6.4.5 HumiSeal

      6. 6.4.6 KCC Silicone

      7. 6.4.7 Milliken & Company

      8. 6.4.8 Momentive

      9. 6.4.9 Shin-Etsu Chemical Co. Ltd

      10. 6.4.10 Wacker Chemie AG

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Silicone Coating Market market is studied from 2016 - 2026.

The Silicone Coating Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Shin-Etsu Chemical Co., Ltd, Elkem Silicones , Momentive, Wacker Chemie AG, Dow are the major companies operating in Silicone Coating Market.

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