Silicone coatings market forecast at $8.65 billion by 2030
New York, NY – As per the research report Silicone Coatings Market published by Reports Insights, the market was worth USD 5.15 Billion in 2022 and is projected to reach over USD 8.65 Billion by the year 2030, growing at a CAGR of 6.7%.
Silicone Coating Market Size, Share & Trends Analysis, By Type (Resins, Additives, Surface Modifiers for Pigments & Fillers, and Polymers), By Technology (Solvent-Based, Solvent-Less), By Viscosity Level (Low Viscosity and High Viscosity), By Application (Industrial Coating (Industrial Roller Coatings, Belt Coatings, and Industrial Textile Coatings), Paints, Hard Coatings, Films, Inks, Paper & Film Release, Adhesives, and Others), By Region and Segment, Forecast Period 2022 – 2030. Silicone coating is a thin layer of silicone material applied to a surface to provide protection, enhancement, or decoration. It is a durable and versatile material that is resistant to heat, water, and many chemicals. It is often used in a variety of industries, including construction, electronics, and automotive, due to its ability to improve the performance and longevity of products. The coating can be applied by spraying, brushing, or dipping, and it can be customized in terms of thickness and properties to meet specific needs.
Moreover, silicone coatings are widely used in various industries due to their unique properties and benefits. One of the main advantages of silicone coatings is their durability and resistance to weather and other harsh environmental conditions. This makes them ideal for use in outdoor applications such as construction and automotive, where the coating must be able to withstand exposure to extreme environmental elements. Another advantage of silicone coatings is their high-temperature resistance. They are able to withstand extreme temperatures, which aids in favorable use in a variety of industrial and commercial applications, including electronics and consumer goods. Moreover, silicone coatings are also considered safe and non-toxic along with their functional benefits. They do not emit harmful fumes or substances, making them suitable for use in environments where human health and safety are a major concern.
The current market for silicone coatings is anticipated to witness sudden growth due to increasing demand from multiple industries. The rising demand for consumer electronics in the construction industry and the need for advanced and protective coatings in the medical industry are major aspects that drive the growth of the silicone coating market. Moreover, technological advancements and the development of new silicone coating products with improved properties are expected to contribute to the market’s growth during the forecast period.
Key players in the market include: Silicone Solutions, Shin-Etsu Silicone, CHT Germany GmbH, The Dow Chemical Company, Elkem Silicones, Specialty Coating Systems Inc., Supreme Silicones India Pvt. Ltd., Wacker Chemie AG, Tokyo Kobunshi Co., Ltd., KCC Silicone, Dongguan City Betterly New Materials Co., Ltd., Walter Wurdack, Inc., Master Bond, Inc., Techsil Ltd., Evonik, Humiseal, Sika AG