Silicone coatings can be useful in a wide range of applications as they help avoid degradation of materials. They help reduce the loss of heat in several equipment and also offer resistance from dust, water, moisture; thereby, improves their performance and reducing the overall cost of maintenance. These coatings are widely used in industrial applications, consumer goods, building and construction, and automotive and transportation industries.
Material with Anti-corrosive and Electromechanical Properties
The building and construction segment is expected to exhibit the fastest CAGR during the forecast period due to rapid infrastructure development and rising focus on green buildings. In 2016, consumer goods sector accounted for over 30% of the total market share. Silicone provides exceptional gloss-retaining properties and thus are used for coating jewelry and household appliances. In addition, growing consumer disposable income levels is also likely to have a positive impact on the segment growth.
The product demand in industrial applications is likely to grow at an estimated CAGR of 6.1% from 2018 to 2025 (forecast period). Rising focus on improving the operational efficiency of industrial machines, such as heavy duty press, boilers, chimney, pipes, and high temperature solution tanks, would drive segment further. Companies are investing in R&D to introduce advanced solutions. For example, Nanto Paint recently introduced a new biocide-free epoxy-silicone coating for hull applications of marine and yacht with anti-stick properties applicable for a very low friction surface.
Market Overview
According to Grand View Research, Inc., the global silicon coating market is predicted to achieve USD 6.81 billion by 2025. Factors such as increasing demand from industries, such as consumer goods and construction, along with rising use of energy-saving and biodegradable products can drive the market in the coming years. Some of the leading companies in this market are Momentive Performance Materials Inc.; Shin-Etsu Chemical Co.Ltd.; DOW Corning Corporation; Wacker Chemie AG.
Material with Anti-corrosive and Electromechanical Properties
The building and construction segment is expected to exhibit the fastest CAGR during the forecast period due to rapid infrastructure development and rising focus on green buildings. In 2016, consumer goods sector accounted for over 30% of the total market share. Silicone provides exceptional gloss-retaining properties and thus are used for coating jewelry and household appliances. In addition, growing consumer disposable income levels is also likely to have a positive impact on the segment growth.
The product demand in industrial applications is likely to grow at an estimated CAGR of 6.1% from 2018 to 2025 (forecast period). Rising focus on improving the operational efficiency of industrial machines, such as heavy duty press, boilers, chimney, pipes, and high temperature solution tanks, would drive segment further. Companies are investing in R&D to introduce advanced solutions. For example, Nanto Paint recently introduced a new biocide-free epoxy-silicone coating for hull applications of marine and yacht with anti-stick properties applicable for a very low friction surface.
Market Overview
According to Grand View Research, Inc., the global silicon coating market is predicted to achieve USD 6.81 billion by 2025. Factors such as increasing demand from industries, such as consumer goods and construction, along with rising use of energy-saving and biodegradable products can drive the market in the coming years. Some of the leading companies in this market are Momentive Performance Materials Inc.; Shin-Etsu Chemical Co.Ltd.; DOW Corning Corporation; Wacker Chemie AG.
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