Silicone Coatings Market
Silicone Coatings Market Analysis By Type (Additives, Polymers, 100% Silicone, Silicone Water Repellents), By Application (Construction, Consumer Goods, Industrial), By Region - Global Forecast 2022 to 2032
Analysis of Silicone Coatings market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Silicone Coatings Market Outlook (2022 to 2032)
Currently, the global silicone coatings market stands at a valuation of US$ 6.64 billion and is projected to surge to US$ 11.8 billion by the end of 2032. Worldwide sales of silicone coatings are predicted to increase at a noteworthy CAGR of 6% from 2022 to 2032.
Germany is expected to be a highly lucrative market for silicone coating suppliers, projected to expand at a CAGR of 6.8% through 2032 and account for a valuation of US$ 419.3 million.
| Report Attributes | Details |
|---|---|
| Silicone Coatings Market Size (2022) | US$ 6.64 Billion |
| Predicted Market Value (2032F) | US$ 11.8 Billion |
| Global Market Growth Rate (2022 to 2032) | 6% CAGR |
| North America Silicone Coatings Market Revenue (2022) | US$ 2.14 Billion |
| Key Companies Profiled | Wacker Chemie AG; Shin-Etsu Chemical Co. Ltd; Momentive; Milliken & Company; HumiSeal; CHT UK Bridgwater Ltd; Dow; Elkem Silicones; Evonik Industries AG; KCC Silicone |
Silicone adhesives, solvent-based silicone coatings, solvent-less silicone coatings, water-based silicone coatings, and other silicone products are also anticipated to see an increase in sales across the world. Other types of silicone coatings are expected to account for a market share of 13% by the end of 2032.
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Silicone Coating Consumption Analysis (2017 to 2021) in Comparison to Market Growth Forecasts (2022 to 2032)
Silicone coating shipments from 2017 to 2021 rose at a CAGR of 4.7% and accounted for a net worth of US$ 6.36 billion in 2021.
Silicone coating consumption is expected to rise as demand for enhanced quality products increases among consumers across the world. Increasing spending potential is also expected to favour sales of silicone coatings across the forecast period. Silicone-based powder coatings, silicone rubber coatings, silicon carbide coatings, silicone conformal coatings and other silicone-based coatings are expected to be highly popular in the global landscape through 2032.
Stringent mandates to conserve the environment in Europe have fuelled the adoption of silicone coatings in various industry verticals. Automotive manufacturers in this region are increasing their focus on sustainability and hence driving shipments of silicone coatings.
Increasing popularity of silicone coating features such as high chemical resistance, scratch resistance, and corrosion resistance have substantially driven their demand in the past few years and is expected to be a frequent trend over the years to come as well.
Urbanization has been a prominent trend across the world and this has led to a significant increase in construction activities as demand for infrastructure development bolsters. The rise in construction activities is anticipated to increase the consumption of silicone coatings.
Increasing use of silicone components in the automotive industry is also expected to favor silicone coatings market growth in the coming years. Rising sales of consumer electronics owing to increasing disposable income are also expected to drive silicone coating sales across the forecast period.
However, the high costs of silicone coatings are anticipated to have a restraining effect on overall market growth through 2032. The increasing availability of low-cost alternatives is also expected to slow down silicone coatings market growth across the forecast period.
The worldwide silicone coatings market is predicted to witness evolution at a CAGR of 6% from 2022 to 2032.
Which Factor Could Attract More Investments into the Silicone Coatings Market?
“Rising Use of Silicone Coatings for Waterproofing of Roofs in Construction Applications”
Residential as well as commercial construction activities are expected to witness a prominent rise over the coming years. Silicone water repellents have proven to be extremely hydrophobic and have safeguarded structures against moisture which could lead to major issues for any construction. The silicone water repellents segment is expected to account for a revenue total of US$ 2.16 billion by 2032.
Silicone roof coatings have gained an impressive scope of application and are widely used across the world in construction projects. As demand for infrastructure development bolsters across the world it will increase construction activities and subsequently provide new investment opportunities for silicone coating suppliers.
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Which Region is at the Forefront of Silicone Coating Consumption?
“Asia Pacific Expected to Witness Fastest Rise in Silicone Coating Sales”
The North America silicone coatings industry accounts for a dominant market share of 32.3% at present and is expected to attain an estimated valuation of US$ 3.95 billion by the end of 2032. High investments in the industrial sector and increased adoption of silicone coatings in several industry verticals are prominent factors that drive silicone coating demand in this region.
Sales of silicone coatings in the Asia Pacific region are anticipated to rise at a CAGR of 6.8% which is the highest of all regions across the forecast period. Rapid urbanization and industrialization in this region are expected to spearhead silicone coatings market growth in this region.
Rising disposable income, increasing sales of consumer electronics, and low cost of manufacturing are other factors that positively influence demand for silicone coatings in this region. Silicone coatings for metals, silicone elastomeric coatings, and flexible silicone coatings are expected to see high demand in this region due to the flourishing automotive manufacturing industry.
China, India, and Japan are expected to be the most noteworthy markets in this region through 2032.
Consumption of silicone coatings in Europe is predicted to account for a net value of US$ 2.8 billion in 2032 and is expected to hold a significant market share of 23.7% in the global marketplace.
The presence of key silicone coating manufacturers in this region is anticipated to propel silicone coatings market growth. Increasing focus on sustainability in Europe has also boosted demand for silicone coatings among automotive manufacturers in this region.
Spain is expected to emerge as an important market in Europe and demand for silicone coatings in the country is projected to increase at a CAGR of 6.6%. The market currently stands at valuation of US$ 204.1 million in 2022.
Fact.MR, a market research and competitive intelligence provider has analyzed other major regions in this new silicone coatings market study to give you a complete overview of the market scenario on a global level.
Country-wise Insights
Why Should Silicone Coating Suppliers Channel their Investments towards China?
“Presence of Robust Manufacturing Industry to Provide Rewarding Opportunities”
China is known on a global scale for its highly efficient manufacturing industry and this is expected to drive demand for silicone coatings in this country. Moreover, supportive government initiatives and increasing investments in the industrial sector are projected to further bolster the silicone coatings market potential in China.
Presence of robust automotive manufacturing industry in the country will also boost sales of silicone coatings across the forecast period. Rising construction activity in the country is also expected to drive demand for silicone roof coatings.
The China silicone coatings market holds a market share of 27.8% in the APAC marketplace and is expected to attain an estimated valuation of US$ 1.08 billion by 2032.
Is India an Investment-worthy Market for Silicone Coating Manufacturers?
“Rapid Infrastructure Development to Generate Added Market Opportunities”
India is known as one of the foremost developing nations in the world and the government of the country has undertaken major initiatives to promote development. This has resulted in an increase in infrastructure development which has subsequently resulted in the rise in construction activities.
Silicone coatings are used extensively in the construction industry and rising construction activity in the country is projected to provide highly rewarding opportunities for silicone coating manufacturers and vendors over the coming years.
Sales of silicone coatings in India currently account for a revenue of US$ 453.9 million and are anticipated to increase at a CAGR of 7.5% through 2032.
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Category-wise Insights
What is the Outlook for the Silicone Polymers Market?
“Polymers to Lead Revenue Generation across Geographies”
Silicone coating polymers are expected to witness high demand across the forecast period as the segment is slated to rise at a CAGR of 7.1% and end up with a net valuation of US$ 3.68 billion by 2032. Rising focus on sustainability and decreasing use of plastics are major factors that could propel silicone polymers market growth throughout the forecast period.
Based on type, the silicone coatings market is segmented into silicone coating additives, silicone coating polymers, 100% silicone, silicone water repellents, and other types.
The 100% silicone segment currently accounts for a net value of US$ 1.64 billion and is expected to hold a prominent market share of 24.8% by the end of 2032.
Which Application Should Silicone Coating Manufacturers Focus On?
“Silicone Coatings Market Potential Driven by Construction Industry”
Construction activities across the world have increased substantially and are expected to rise across the forecast period as well. Increasing investments from governments and the initiation of several new construction projects will drive demand for construction products such as tiles, mortar, etc.
Silicone coatings are a crucial part of the construction industry and hence are predicted to witness an increase over the coming years. Silicone RV roof coatings, silicone coatings for the waterproofing of roofs, cool roof coatings, and white silicone roof coatings are anticipated to be driven by the construction application segment.
The construction segment is anticipated to account for a net value of US$ 5.21 billion by 2032 and is expected to expand at a CAGR of 6.6% throughout the forecast period.
On the basis of application, the market is also segmented into consumer goods, industrial, and other applications which have been discussed in detail in the research report.
Competitive Landscape :
Key silicone coating manufacturers are focusing on expanding their product portfolio by launching new products to increase their revenue generation capacity on a global scale.
- In December 2021, Evonik, a German specialty chemical manufacturer, announced the launch of its new silicone coating. The new TEGO RC 1442 silicone release coating can be used for several applications such as tapes, adhesives, graphic arts, industrial release liners, etc.
Key Segments Covered in Silicone Coatings Industry Research
-
Silicone Coatings Market by Type :
- Silicone Coating Additives
- Silicone Coating Polymers
- 100% Silicone
- Silicone Water Repellents
- Other Types
-
Silicone Coatings Market by Application :
- Construction
- Consumer Goods
- Industrial
- Other Applications
-
Silicone Coatings Market by Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Type
- 9.1. Additives
- 9.2. Polymers
- 9.3. 100% Silicone
- 9.4. Silicone Water Repellents
- 9.5. Other Types
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 10.1. Construction
- 10.2. Consumer Goods
- 10.3. Industrial
- 10.4. Other Applications
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Wacker Chemie AG
- 21.2. Shin-Etsu Chemical Co. Ltd
- 21.3. Momentive
- 21.4. Milliken & Company
- 21.5. HumiSeal
- 21.6. CHT UK Bridgwater Ltd
- 21.7. Dow
- 21.8. Elkem Silicones
- 21.9. Evonik Industries AG
- 21.10. KCC Silicone
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Type, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Type, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By Application, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Type, 2022 (E)
Figure 18: North America Market Value Share, By Application, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Type, 2022 (E)
Figure 26: Latin America Market Value Share, By Application, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Type, 2022 (E)
Figure 34: Europe Market Value Share, By Application, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Type, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Type, 2022 (E)
Figure 42: South Asia Market Value Share, By Application, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Type, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Type, 2022 (E)
Figure 50: East Asia Market Value Share, By Application, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Type, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Type, 2022 (E)
Figure 58: Oceania Market Value Share, By Application, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Type, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Type, 2022 (E)
Figure 75: U. S. Market Value Share, By Application, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Type, 2022 (E)
Figure 78: Canada Market Value Share, By Application, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Type, 2022 (E)
Figure 81: Mexico Market Value Share, By Application, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Type, 2022 (E)
Figure 84: Brazil Market Value Share, By Application, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Type, 2022 (E)
Figure 87: U. K. Market Value Share, By Application, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Type, 2022 (E)
Figure 90: Germany Market Value Share, By Application, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Type, 2022 (E)
Figure 93: France Market Value Share, By Application, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Type, 2022 (E)
Figure 96: Italy Market Value Share, By Application, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Type, 2022 (E)
Figure 99: Spain Market Value Share, By Application, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Type, 2022 (E)
Figure 102: Russia Market Value Share, By Application, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Type, 2022 (E)
Figure 105: China Market Value Share, By Application, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Type, 2022 (E)
Figure 108: Japan Market Value Share, By Application, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Type, 2022 (E)
Figure 111: South Korea Market Value Share, By Application, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Type, 2022 (E)
Figure 114: India Market Value Share, By Application, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By Application, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Type, 2022 (E)
Figure 120: Australia Market Value Share, By Application, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By Application, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Type, 2022 (E)
Figure 129: Turkey Market Value Share, By Application, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Type, 2022 (E)
Figure 132: South Africa Market Value Share, By Application, 2022 (E)
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- FAQs -
What is the global silicone coatings market size in 2022?
In 2022, the global silicone coatings market accounts for a valuation of US$ 6.64 billion.
What is the future value of the silicone coatings market?
The silicone coatings market is estimated to reach a size of US$ 11.8 billion by the end of 2032.
What CAGR would the silicone coatings market exhibit during 2022-2032?
Global consumption of silicone coatings is anticipated to witness increase at a CAGR of 6% over the forecast period.
Which regional market is set to witness the fastest growth?
The market for silicone coatings in Asia Pacific is expected to rise at a CAGR of 6.8% through 2032.
What are the key industry trends in the global silicone coating market?
Rising construction activities, growing focus on sustainability, and rising sales of consumer electronics are prominent trends expected to drive silicone coating demand through 2032.
Which key silicone coating manufacturers are profiled in this analysis?
Key silicone coating suppliers are Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd, Momentive, Milliken & Company, HumiSeal, CHT UK Bridgwater Ltd, Dow, Elkem Silicones, Evonik Industries AG, and KCC Silicone.
Silicone Coatings Market