29th November 2019 – The 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.
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.
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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.
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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