San Francisco, 20 December 2018, Silicone Coating Market Analysis By Product (Silicone Additives, Water
Repellents, Silicone Polymers, 100% Silicone), By Application (Construction,
Consumer Goods, Transportation), And Segment Forecasts, 2018 - 2025
The global silicone coating market is anticipated to reach USD 6.81 billion by
2025, according to a new report by Grand View Research, Inc. Silicone coatings
reduce the loss of heat in various equipment along with providing resistance
from water, heat, moisture, and dust, thus improving their performance and
reducing the overall maintenance cost.
Advancements in technology and
manufacturing capabilities are expected to increase refined offerings for the
industrial sector in the coming years. Manufacturing industries are using
different types of high-performance equipment, which operate at severe
temperatures. Silicone coatings provide excellent thermal, electromechanical
and anti-corrosive properties that enable companies to maintain the compactness
of a product with improved performance.
Along with wide applications in
aircraft manufacturing industry, silicone coating is also used significantly in
defense electronics equipment owing to its characteristics of providing high
electrical & thermal resistance along with significant strength and protection
from corrosion, moisture, dust and water. Countries are spending heavily
towards arms, electronics, and defense related equipment to strengthen defense
operations. In 2016, the U.S. defense budget was USD 611 billion and accounted
for 36% of the global defense spending. Rise in global defense spending is
anticipated to propel demand for this product in coming years.
Restructuring initiatives,
acquisitions, cost-cutting programs, portfolio pruning and development in
emerging economies will propel revenues and operating profit for consumer goods
manufacturing companies. Products such as mobile phones, computers, textile,
furniture and household appliances are attracting huge demand worldwide which
is anticipated to drive this market.
Access Full Research
Report On Silicone Coating Market Analysis:
www.grandviewresearch.com/industry-analysis/silicone-coatings-market
www.grandviewresearch.com/industry-analysis/silicone-coatings-market
Further key findings from the report suggest:
·
The global silicone coating
market was valued at USD 4.07 billion in 2016 and is expected to grow at a CAGR
of 5.9% from 2017 to 2025
·
Chinese silicon coating market
is expected to reach a market valuation of USD 859.6 million by 2025
·
100% silicone product segment
occupied the largest market share in 2016 on account of its excellent
properties such as high tensile strength, electromechanical resistance and high
heat resistance
·
Water repellent coating is the
fastest growing product segment owing to its applicability over various surface
and applications
·
The consumer goods segment
emerged as the largest market with a share of 30.5% in the global silicone
market in 2016
·
Silicon coating demand from the
industrial applications is expected to grow at an estimated CAGR of 6.1% from
2017 to 2025
·
Key players operating in the
global silicon coatings market include Shin-Etsu Chemical Co., Ltd., Wacker
Chemie AG, DOW Corning Corporation, and Momentive Performance Materials Inc.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the
global silicone coating market on the basis of product, application, and
region:
Silicone Coating Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Silicone Additives
·
Silicone Water Repellents
·
Silicone Polymers
·
100% Silicone
Silicone Coating Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Building & Construction
·
Consumer Goods
·
Automotive & Transportation
·
Industrial Application
·
Others
Silicone Coating Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
·
Middle East & Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-silicone-coating-market
www.grandviewresearch.com/press-release/global-silicone-coating-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
