global Silicone Coating Market is projected to reach USD 6.81 billion by 2025, owing to the extensive application of silicone coating in construction and automotive industry. Silicone is a strong liquid applied coating material used for repair and restore of huge variety of applications. Since the basic bond energies of SI-C and SI-O are high, the chemical process is normally attributed with aging of coated surfaces are mostly slower in moist conditions for silicone coating. Resins and polymers are different types of silicone used in creating silicone coatings.
The silicone coatings are
basically used for paints and coatings to improve durability and quality of
applied paints for better performance. The growing acceptability of silicone
coatings in the construction and automotive industries is expected to upsurge
the silicone coating market with a CAGR of 5.9% in coming years.
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Silicone coatings are extensively
used as primers, industrial maintenance, marine, hygienic architectural,
anti-fouling, automotive clear coatings and biocidal abrasion-resistant. The
silicone coating market is driven by the rising demand for electronic products
in developing economies. The second largest application for silicone coating is
the construction sector, where the silicone is used for concrete, tiles, wood
& wood panel, mortar and perlite.
Thermal stability, low toxicity,
low chemical reactivity, and low thermal conductivity is extremely useful since
they improve strength, durability, and stability of the product. Tyre manufacturers
in the industrial operations make use of silicone coating with the help of
molding procedure that ensures product quality. In the shipping industry,
silicone coating increases vessel efficiency and avoids the toxic antifouling
paints. The silicone coatings are also used in air bags, textiles & leather
goods since it offers beautiful looks to products.
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Moreover, the rising consumer
goods industry is expected to stimulate the silicone coating industry. The
coatings are applied on the interior and exterior of the house walls, corporate
buildings and vehicle bodies. They are prepared with silicones that enhance
product durability, moisture, weathering, climate changes and corrosion
resistant, improve gloss and retain color. They are also used on the cars
upholstery including the seat and fabrics. Silicone grease insoluble by form is
stable at higher temperatures that allows it to be an ideal lubricant for brake
elements, airsoft gun parts and bicycle chains.
The speedy urbanization and
growing disposable income of consumers boosts the automotive industry is the
major reason for the increasing silicone coating demand. Consumers today are
widely accepting and are ready to pay for silicone coating products since the
coatings add to the beauty of product. On the other hand, rise in production
cost of silicone coatings is predicted to restrict the silicone coating
industry.
The silicone coating market is
categorized on the basis of formulation, application and geography. In terms of
formulation, the silicone coating industry is divided into solvent based, water
based, powder, etc. On the basis of applications, the market is divided into
electronic, automobiles, construction, marine & aerospace, infrastructure,
etc. The prominent silicone coating industry players comprise Evonik
Industries, ACC Silicones, BASF, Dow Chemicals, China National Bluestar,
Siltech Corporation, Wacker Chemie, Momentive Performance Materials, Humiseal,
KCC Silicone, etc.
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