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On the basis of type, the silicone coatings market is segmented into 100% silicone, silicone polymers, silicon additives, and silicone water repellents. Silicone water repellents are poised to witness rapid adoption over the next few years. The hydrophobic and highly gas permeable nature of silicone-based compounds makes them an excellent water repellent for building materials, textiles, and homecare products. Increasing demand for durable and breathable water repellent products in various applications is likely to fuel the segment growth.
Global Market Insights, Inc., announces an ongoing comprehensive report on the "Silicone Coatings Market". This report provides an exhaustive account of the industry including:
o Silicone coatings market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026
o Major silicon coatings industry trends, technology evolution, economic indicators and business challenges
o Regulatory and geopolitical trends impacting the industry
o Business drivers and pitfalls impacting key regional markets
o Competitive landscape of the industry and detailed profiles on the major companies
Silicone-based coatings will witness a robust demand in the textile industry. Silicone coated textiles possess excellent resistance to environmental factors like heat, fire, UV exposure, and mechanical stress. In technical textiles such as personal protective equipment, insulation panels, and welding blankets, these properties make them ideal to deliver protection and insulation. The ongoing global COVID-19 pandemic has resulted in a massive shortage of personal protective equipment (PPE). In March 2020, the World Health Organization had recommended governments to boost the manufacturing of PPE in order to bridge the demand-supply gap.
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Latin America silicone coatings market size is slated to grow substantially in the upcoming years. This can be mainly attributed to a robust population growth, increased income levels and growing urbanization. Brazil's urban population was estimated to be 86.8% in 2019. These trends have increased the need for robust residential and commercial infrastructure, which will complement the regional outlook for coating suppliers.
A few notable manufacturers of silicone coatings market in the report include DuPont, ExxonMobil, Dow Chemical, Arkema, LyondellBasell, Jilin Petrochemical, LUCOBIT AG, Hebei Kaien Trading Co. Ltd., Dushine Ltd., Solventis, INEOS, and REPSOL, among several others.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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