Organic Silicon Coating Market Size, Share & Industry Analysis, By Form (Liquid, Powder), By End-Use (Automobiles, Consumer goods, Industrial, Construction, Others) and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Organic silicon coating is used in automobiles, construction, and consumer goods industries attributed to its excellent properties like hydrophobicity, heat resistance, electricity resistance, dust-proof, and moisture resistant nature. Also, the 100% silicone containing product exhibits exceptional properties like light-weight nature, high tensile strength, electromechanical resistance, transparency, and clarity. The silicone coatings are used mostly for water repelling applications in construction, automobiles, and other sectors due to its hydrophobicity.
The increasing demand for water-repellent coatings from various end-use industries like construction, automobiles, consumer goods, industrial and other is likely to uplift the market growth during the foreseeable timeframe. Additionally, extensive R&D by the competitive players in the market are leading to technological advancements further fostering the demand for advanced products, which in turn shall foster the industry growth.
However, the fluctuating price of the raw materials like silicon is expected to hinder the market growth.
Key Market Driver -
Increasing adoption in various end-use sectors
Key Market Restraint -
Fluctuations in the prices of raw materials
Market Segmentation:
Based on form, the market is segmented into liquid and powder. Based on end-use, the market is segmented into automobiles, consumer goods, industrial, construction, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global organic silicon coating market share is fragmented and consists of regional and global players. Some of the key players in the market include Evonik Industries, ChemChina, BASF, Dow Chemical, Shin-Etsu Chemical, Wacker Chemie AG, Momentive, KCC Silicone and Others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Organic Silicon Coating Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounts for the largest share in the organic silicone coating market attributed to the low-cost labor and ample raw material availability. Moreover, the presence of large number of manufacturers coupled with the rising disposable income is expected to drive the Asia Pacific organic silicon coating market. North America is expected to show significant growth due to the technological advancement and huge investments in the aerospace and defense sector. The increasing automobile production in the European countries like Germany, Italy, Spain, and Russia shall foster the market. Latin America and Middle East and Africa are expected to show significant growth rate by the end of the forecast period.
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Segmentation
ATTRIBUTE | DETAILS |
By Form |
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By End-Use |
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By Geography |
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Organic Silicon Coating Industry Developments
- In April 2020, Dow Chemical company introduced its first solvent-less silicon conformal coating with UV and moisture dual cure system for high productivity. This technology encourages health and safety, sustainability, and cost reduction in processing by automated spraying and fast UV curing.
- In May 2016, Evonik acquired the Speciality and Coating Additives business of Air Products and Chemicals to expand its business in North America and Asia.
- Ongoing
- 2023
- 2019-2022
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