Silicone enamel is a silicone resin finish paint based on a combination of silicone resin and pigments. Silicone enamel is mainly used to coat aluminized steel pipes. It has excellent heat resistance, adhesion to steel surface and weathering resistance. Silicones are widely used in the coating industries as materials to protect and preserve but mainly for aesthetics. In silicone enamel silicone polymers are used as additives and silicone resins as the main component, or binder.
Paints for exterior surfaces are exposed to sunlight in wet, dry, hot and cold conditions. The combination of UV radiation, variable temperature and humidity rapidly degrades organic polymers, roughening the coating surface and exposing the pigments. Hence, solvent-borne alkyds and acrylics are blended with silicone resins to improve their weathering performance.
Silicones enamel offers the decorative coating to improve the sustainability of products, and promise to deliver even greater performance in the near future. In the coatings market, silicone additives are well known for the surface properties they bring to the coatings formulator which includes slip, abrasion resistance, wetting, leveling and defoaming. These materials improve the sustainability of decorative coatings, for both architectural and wood coating applications. Improvements to increase the longevity of coatings and the ability to use fewer natural resources, such as titanium dioxide, are characteristics that Si-based materials can deliver.
Almost all fields of construction industry require application of silicone enamel in various forms. The building & construction industry is one of the largest markets in the world in terms of revenue generation. The key drivers for the global building & construction market are the growing world population and growing urbanization in the Asia Pacific region. The growth of the building & construction market is fueled due to urbanization and changing lifestyles in emerging economies such as China and India. The rising population and changing lifestyles of consumers are expected to drive the market. Thus, the growing world population coupled with the rise in the building & construction market is anticipated to drive the silicone enamel market in the coming years. The consumption of paints is significantly rising due to their growing demand from various end user segments. Silicone enamels are consumed in various applications such as residential buildings, skyscrapers, bridges, sidewalks, highways, houses and dams among others. In addition, growing urbanization trend is expected to drive the demand for silicone enamel. Silicone enamels are required in abundance by manufacturing and construction industries, which have witnessed exemplary growth in the recently industrialized economies of the BRIC nations. Huge foreign investments into Brazil, Russia, India, and China have spurred the growth in infrastructure development in these countries. The growth of residential, non-residential and infrastructure development has been due to strong economic growth and population explosion in these parts of the world. The growth of the construction market has directly influenced the growth of the silicone enamel industry, which employs them in huge quantities. This trend is expected to continue over the foreseeable future as rapid urbanization is in progress. However, mature markets of the developed countries may hamper the demand for silicone enamel over the next few years.
In 2013, Asia Pacific was the major contributor to the silicone enamel market followed by Middle-East on account of the growth in architectural designs, corporate offices and residential complexes. South Africa region is the third largest consumer of silicone enamel followed by Europe. North America witnessed a steady growth in the consumption of silicone enamel. This trend is expected to continue within the forecast period.
Some of the key players in the global silicone enamel market are Dow Corning, Wacker Chemie AG, Bluestar Silicones, MG Chemicals, Nippon Paints and Silicone Coatings (Pvt) Ltd among others.
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.