Silicone coating is majorly employed in automotive and industrial applications, owing to its superior properties such as heat, dust, electricity, moisture, weather resistance along with excellent hydrophobicity feature. It’s properties such as high tensile strength, lightweight, electromechanical resistance, and clarity for transparency results in suitability for multiple high heat applications such as furnaces, exhaust stacks, lighting fixtures, wood-burning stoves, and barbeque grills.
The global silicone coating market report has been segmented on the basis of composition type, technology, application, and region.
On the basis of composition type, the global silicone coating market has been segmented into silicone additives, silicone polymers, silicone water repellents, and 100% silicone. The 100% silicone segment is estimated to account for largest share in terms of revenue in the global silicone coatings market. Revenue from silicone water repellents segment is estimated to register highest CAGR in next ten years, owing to its efficient hydrophobic properties with excellent climate resistance properties.
On the basis of application, the global silicone coating market has been segmented into construction, automotive & transportation, aerospace, consumer goods, industrial, marine, others (paper & film release). The consumer goods segment is projected to account for largest share in the global silicone coating market in terms of revenue, owing to increasing demand for electronics and electrical product manufacturers across the globe.
On the basis of region, the global silicone coating market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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North America market is projected to hold major revenue share in the global silicone coating market in 2017. Asia Pacific silicone coating market has been projected to register highest CAGR in terms of revenue in next ten years, owing to increasing demand for coatings from construction, electronics, and automotive industries in countries in this region.
Key players operating in the global market include Wacker Chemie AG, Sika AG, BASF SE, Momentive Performance Materials Inc., DOW Corning Corporation, KCC Silicone, Humiseal, Shin-Etsu Chemical Co., Ltd., BYK-Chemie GmbH, and Evonik Industries.