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Silicone coating market size is forecast to reach US$8.6 billion by 2027 after growing at a CAGR of 5.8% during 2022-2027 according to Industry ARC. The silicone coatings are employed in various end-use industries such as building and construction, automotive, and others due to silicone water repellents features, which have a waterproofing tendency, this results in more durability. Moreover, for coating applications, silicon-based polymers are excellent materials because these compounds offer exceptional features such as high chemical, thermal, and UV resistance, as well as robust adherence to most surfaces. The silicone coating market is majorly driven by the growing demand from the consumer goods industry. Similarly, the expanding demand from the automotive industry is also fueling the growth of the silicone coating industry.

Future Market Insights (FMI), an ESOMAR-certified market research firm, in an updated edition of its report, revised the forecast to 8.7% CAGR. This revised forecast takes into account sluggishness induced by the global pandemic

The global injection molding market size was estimated at USD 261.8 billion in 2021 and is anticipated to expand at a compounded annual growth rate (CAGR) of 4.8% from 2022 to 2030 according to Grand View Research. The market growth is expected to be driven by the increasing demand for mass production of thousands of identical components at lower costs coupled with design flexibility, precision from various end-user industries such as packaging, medical, and electronics. The global economic recovery has been jolted by the quick emergence of the omicron strain in 2021. High transmissibility and ability to infect the vaccinated may lead to the imposition of lockdown and cause supply chain disruptions.

Global Cellular Rubber demand is anticipated to be valued at US$ 8.4 Billion in 2022, forecast to grow at a CAGR of 5.91% to be valued at US$ 15 Billion from 2022 to 2032. Growth is attributed to increased demand for the automotive industries according to Future Market Insights

The global Neoprene Fabric market was valued at 1935.35 Million USD in 2021 and will grow with a CAGR of 3.04% from 2021 to 2027, based on research newly published report from 24Chemical Research

Silicones, also referred to as polydiorganosiloxanes by chemists, are stable and resistant to heat, electromagnetic radiation, and other diverse influences. Silicone fluids are odorless, transparent liquids that can resist extreme environments, such as heat, cold, and moisture. They can sustain temperatures ranging from below 60°C to +300°C. Moreover, silicone fluids are much stable than organic rubbers or polymers when exposed to UV and electromagnetic radiation. Its wide range of characteristics include excellent stability, low volatility, water repellence, and low surface tension. The fluids’ viscosity is determined by their molecular weight, although they are majorly liquid.