Global Silicone Coatings Market: Overview
Silicones are commonly used by the coating industry to improve its protective and preservative attributes. Resins as binders or polymers as additives are two types of silicone products used to produce silicone coatings, which are primarily used for paint and coatings to enhance aging of the paint and wettability for easier application. With silicone coatings, manufacturers in the industries of automotive and construction achieve desirable scratch, water, and chemical resistance for their products. The current prosperity of automotive and construction industries is having a pied piper effect on the global silicone coatings market, which is projected to expand at a rapid growth rate during the forecast period of 2016 to 2024.
This report on the global silicone coatings market provides qualitative and quantitative analysis of all the factors that are expected to influence the demand over the course of next eight years, and estimates the future scenario. The report has been developed to act as a credible business document for audiences such as silicone coatings manufacturers, raw material suppliers, suppliers and distributors of silicone coatings, government and regional agencies, research organizations, and investment research firms. The report also profiles a number of key players currently active in the global silicone coatings market, estimating their market share and exploring their product portfolio.
The global silicone coatings market can be segmented on the basis of composition type into silicone additives, silicone polymers, 100% silicone, and silicone water repellents. Application-wise, the market can be bifurcated into construction, automotive and transportation, consumer goods, industrial, paper and film release, and marine. By technology, the market can be categorized into solvent-based, solventless, water-based, and powder based. Geographically, the report studies the lucrativeness of several regions including Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa.
Global Silicone Coatings Market: Drivers and Restraints
Rapid urbanization and increasing disposable income, with which the construction and automotive industry is thriving, is the primary factor behind the incrementing demand for silicone coatings. The awareness among the consumers is growing and they are willing to pay extra for enhanced quality and appearance that is brought to the products by silicone coatings. In construction industry, silicone coatings find application for tiles, wood and wood panel, concrete, perlite, and mortar. Their important attributes such as low chemical reactivity, thermal stability, low toxicity, and low thermal conductivity is highly useful as they enhance durability, strength, and stability of the end-product. Conversely, high production cost of silicone coatings is expected to obstruct the market from achieving its full potential during the forecast period.
Consumer goods is emerging as a highly profitable application segment of the silicone coatings market, with escalating demand for electronic products. Technology-wise, silicone water repellents is the segment with best growth rate, owing to its effective hydrophobic properties as well as robust water resistance properties.
Global Silicone Coatings Market: Regional Outlook
North America currently is the most lucrative market, serving maximum demand for silicone coatings both in terms of value and volume. However, emerging economies such as India and China, which houses vast population base, is quickly making Asia Pacific a highly important region for the players in this market.
Companies mentioned in the research report
Some of the key companies currently active in the global market for silicone coatings are KCC Silicone, Wacker Chemie AG, Dow Corning Corporation, Shin-Etsu Chemical Co ., Ltd., and Momentive Performance Material Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.