The increased demand for silicon cover in the rising industry of construction and consumer goods are driving the demand for the market.
Silicone Coating Market Size – USD 5.03 Billion in
2019, Market Growth - CAGR of 5.4%, Market Trends – High demand from the
construction sector.
The Global Silicone
Coating Market is projected to reach USD 7.75 billion in
2027. Silicone clothing prevents heat loss in various appliances, provides
water, heat, humidity and dust resistance, increases efficiency and decreases
the overall maintenance costs.
Advances in technology and development skills are anticipated
in the coming years to increase refined supplies to the industrial sector. The
manufacturing industries use different types of high-performance equipment
working at harsh temperatures. Silicone coating provides excellent thermal,
electromechanical and anti-corrosive properties to improve the product's
compactness.
Silicone coating is used in defense electronics, in tandem
with large applications in the aircraft manufacturing industry, as it offers a
high electrical and thermal strength with minimal strength and corrosion, dust
and water resistance. Due to its characteristics. To enhance military
operations, Countries are expending heavily on the weaponry, electronics and
security equipment. The US military spending in 2016 totaled USD 611 billion,
representing 36% of global defense expenditures. Global defense budgets are
expected to boost demand for this product in years to come.
Restructuring, sourcing, cost-cuts, portfolio pruning, and
emerging-economy growth programs would raise sales and operational income for
manufacturing companies. Goods such as cell phones, computers, clothing,
household appliances and furniture are gaining enormous global demand to drive
the industry.
Key
players in the market include Evonik Industries AG, Carboline Company, Wacker
Chemie AG, OMG Borchers GmbH, Momentive Performance Materials Inc., Shin-Etsu
Chemical Co., Ltd., DOW Corning Corporation, MAPEI SpA, ACC Silicones Ltd., and
Sika AG, among others.
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Further
key findings from the report suggest
- Continued
product creation, expansion and joint venture activities by companies are
crucial to the growth of the global silicone layer market through rising
demand in the silicone layering industry and construction sector in the
Asia-Pacific area.
- In
terms of revenue, the consumables segment accounted for the biggest market
share and the building and release divisions for paper and movies. The
highest CAGR in value is expected at the industry in the paper and film
releases sector from 2019 to 2027.
- 100%
silicone is the dominant composition form on the silicone coating market,
while the highest CAGR is expected for silicone water repellents between
2019 and 2027.
- It
is also projected that Asia-Pacific will experience the highest rate of
growth in value and volume in the silicon coating market between 2019 and
2027. The other primary factors contributing to the growth of the silicone
coating market in this area include rising investment by international
enterprises, rising production facilities, strong industrial foundation
for construction, consumer products, and automotive industries and
improving living conditions.
- In
December 2019, Heidelberger Druckmaschinen AG (Heidelberg), Innovative
Chemicals Group (ICP Group), acquired from Heidelberger
Druckmaschinen AG (Heidelberg), the world leader in designing and
producing high-performance covering materials for the packaging and industrial
printing industry.
For the purpose of this report, Reports and Data has segmented
into the global Silicone Coating Market on the basis of Product, Application,
and region:
Product Outlook (Revenue: USD Billion; Volume:
Million Tons; 2017-2027)
- Silicone
Additives
- Silicone
Water Repellents
- Silicone
Polymers
- 100%
Silicone
Application Outlook (Revenue: USD Billion; Volume:
Million Tons; 2017-2027)
- Building
& Construction
- Consumer
Goods
- Automotive
& Transportation
- Industrial
Application
- Others
Regional Outlook (Revenue: USD Billion; Volume:
Million Tons; 2017-2027)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- MEA
To identify the key trends in the industry, click
on the link below: https://www.reportsanddata.com/report-detail/silicone-coating-market
Highlights of the TOC:
Chapter
1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Silicone Coating Market Segmentation & Impact Analysis
4.1. Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
Chapter 5. Competitive Landscape
5.1. Market Revenue Share By Manufacturers
5.2. Manufacturing Cost Breakdown Analysis
5.3. Mergers & Acquisitions
5.4. Market positioning
5.5. Strategy Benchmarking
5.6. Vendor Landscape
Continue……
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