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The increasing demand for synthetic latex polymers for paints and coatings is driving the market growth. Latex-based paints and coatings have several advantages over oil-based paints and coatings including convenient usage, quick-drying, low or near zero VOCs, and ease to clean up and re-coat. These advantages of synthetic latex polymers are anticipated to boost their adoption for paints and coatings applications. Moreover, the growing construction and automotive sectors are supporting the growth of the market. Construction and automotive industries widely use synthetic latex polymers for various applications including paints, coatings, adhesives, sealants, carpets, and nonwoven textiles. Thus, the growing construction and automotive industries augment the growth of the synthetic latex polymers market as they are the leading end-use industries.

Revenue from the global silicone coatings market currently stands at US$ 6.64 billion. Worldwide consumption of silicones coatings is projected to increase at a CAGR of 6% from 2022 to 2032, as per a new analysis by Fact.MR, a market research and competitive intelligence provider.
The silicone coatings market will be primarily driven by trends of industrialization and urbanization across the world. Rising construction activities, increasing use of silicone coatings in automotive manufacturing, and growing popularity of the features of silicone coatings are expected to favor market growth. However, high costs of production and increased availability of low-cost alternatives are anticipated to have a hindering effect on the demand growth of silicone coatings over the coming years.

– Revenue from the global silicone coatings market currently stands at US$ 6.64 billion. Worldwide consumption of silicones coatings is projected to increase at a CAGR of 6% from 2022 to 2032, as per a new analysis by Fact.MR, a market research and competitive intelligence provider.
The silicone coatings market will be primarily driven by trends of industrialization and urbanization across the world. Rising construction activities, increasing use of silicone coatings in automotive manufacturing, and growing popularity of the features of silicone coatings are expected to favor market growth. However, high costs of production and increased availability of low-cost alternatives are anticipated to have a hindering effect on the demand growth of silicone coatings over the coming years.