Global silicone coating market forecast at $13.2 billion by 2033

Bedfordshire, UK – The global silicone coating market size reached USD 7.8 Billion in 2023 is expected to reach USD 13.22 Billion by 2033, exhibiting a growth rate (CAGR) of 5.42% during 2023-2033 according to Exactitude Consultancy.

High-performance water-based acrylate-silicone coatings are seeing rapid growth in the market due to the substantial expansion of the worldwide building sector. These coatings are frequently used in both residential and commercial buildings to guard against corrosion, UV ray damage, dust, and moisture. The market is expanding because to the growing application of silicon coatings in automotive and marine applications. Growth is also being driven by product developments such as improved dust resistance, hydrophobicity, heat resistance, moisture resistance, and organic silicon coatings. Growing ecological consciousness and pro-sustainable development government initiatives are two further elements propelling industry expansion. Synthetic polymeric compounds are used to make silicone coatings, which are protective and preservative coatings with characteristics including high structural strength, resistance to weathering, water and corrosion, and scratch resistance.

The silicone coating market key players includes Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd, Momentive, Milliken & Company, HumiSeal, CHT UK Bridgwater Ltd, Dow, Elkem Silicones, Evonik Industries AG, KCC Silicone.