Key Market Overview:
Silicone coating market size was worth over USD 5.15 Billion in 2022 and is anticipated to reach over USD 8.65 Billion by 2030, growing at a CAGR of 6.7% during the forecast period (2022-2030).
Silicone coating refers to a coating that is made of silicone, which is a synthetic polymer made up of silicon, oxygen, carbon, and hydrogen. This type of coating is used for a variety of purposes, such as providing protection and insulation for various surfaces. Further, these coatings are also used for improving the performance and durability of products. Moreover, silicone coatings are typically used in industries such as construction, aerospace, automotive, and electronics. They are applied through various methods, such as spraying, brushing, or dipping, and are known for their excellent resistance to heat, water, and chemicals.
Silicone coatings are also used as release coatings in various applications such as pressure-sensitive adhesive, tape, label release, and others. One of the key benefits of silicone coatings is their ability to resist extreme temperatures, both hot and cold. This makes them ideal for use in harsh environments, such as in the automotive industry, where components are exposed to high temperatures under the hood or in heavy machinery that operates in a range of temperatures.
Silicone coatings are also resistant to several chemicals, including acids and bases, which makes them useful in a variety of industrial settings. They are also resistant to water, which means they can protect surfaces from rust and corrosion, even in damp or humid conditions. Along with their protective properties, silicone coatings are also known for their flexibility. They can bend and flex without cracking or breaking, which makes them suitable for use on surfaces that may be subject to movement or vibration. Overall, silicone coatings are a cost-effective and durable option for protecting a wide range of surfaces from various forms of damage. They are particularly useful in industries where components are exposed to harsh environments, high temperatures, and chemical exposure.
|Market Size in 2030 (USD Billion)
|Resins, Additives, Surface Modifiers for Pigments & Fillers, and Polymers
|By Viscosity Level
|Low Viscosity and High Viscosity
|Industrial Coating (Industrial Roller Coatings, Belt Coatings, and Industrial Textile Coatings), Paints, Hard Coatings, Films, Inks, Paper & Film Release, Adhesives and Others
|Private and Commercial Fleet
|Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]
|Silicone Solutions, Shin-Etsu Silicone, CHT Germany GmbH, The Dow Chemical Company, Elkem Silicones, Specialty Coating Systems Inc., Supreme Silicones India Pvt. Ltd., Wacker Chemie AG, Tokyo Kobunshi Co., Ltd., KCC Silicone, Dongguan City Betterly New Materials Co., Ltd., Walter Wurdack, Inc., Master Bond, Inc., Techsil Ltd., Evonik, Humiseal, Sika AG
The growing need for silicone coatings in the construction industry for waterproofing, insulation, and protection of buildings and other structures along with the automotive industry for protecting the paint and other surfaces on vehicles fuels the market growth during the forecast period. Further, the high demand for these coatings due to properties such as non-toxic, non-flammable, and low volatile organic compounds (VOC) emission boosts the adoption of silicone coating as an environmentally friendly alternative to conventional coatings. Further, the growing innovations of silicone coatings with advanced technology to create a clean end product, long life of machinery and molds along with less raw material wastage also drive the market growth.
The high costs of silicone coatings limit wide adoption, especially among small and medium-sized businesses. Moreover, they are not readily available in all regions, which restricts the growth of the market in certain areas. Furthermore, they are subjected to strict regulations and environmental concerns, which hamper the use of certain silicone coating products. Also, long-term exposure to certain types of silicone coatings poses risks to certain respiratory problems, skin irritation, and other health concerns, which restricts the market growth.
The global outbreak of COVID-19 significantly impacted the silicone coating market growth. Several restrictions were imposed by governments around the globe to limit the spread of the virus, especially among labor force. Further, the halted manufacturing processes in industries resulted in a sudden decline, especially in additives and polymers. Thus, the impact of the pandemic on market growth is expected to be at a moderate level. However, post-pandemic, the circumstances have started a positive shift toward business resumption. The demand for chemicals witnessed a sudden increase due to the growing consumption of consumer goods. Moreover, the increase in construction activities has also witnessed a sudden rise due to consumer preference, which increased demand for silicone-based paints.
Silicone Coating Market Segmentation:
Based on type, the market is separated into resins, additives, surface modifiers for pigments & fillers, and polymers. The resins are anticipated to support the market growth in terms of the largest market share. These resins are used to produce paints and coatings along with multiple electrical and many other applications. These resins significantly help to improve the safety, durability, and reliability of products. Specifically, these resins are used to produce films with excellent weather ability, heat resistance, water repellency, and dielectric properties. Further, additives are also expected to contribute substantial shares to the market growth in terms of volume. Silicone additives are typically used in coatings to lower the surface tension of the liquid, which can help prevent defects such as cratering and poor wetting. Mainly, these additives are used in paints and coatings to improve waterproofing, adherence, and resistance to extremely harsh conditions.
Based on technology, the market is bifurcated into solvent-based, and solvent-less. Solvent-less technology is primarily used to manufacture silicone coatings, especially in the label and pressure-sensitive tapes industry. The use of a solvent-free coating method reduces expenses by eliminating the need for disposing of or treating solvents and also shortens the overall processing time as there is no need for drying or evaporation. Thus, manufacturers highly rely on using this method for producing innovative products. Moreover, the solvent-based silicone coating is also expected to support the market growth in terms of value. Such coatings are primarily opted by consumers for roof coating that helps in repelling the heat
By Viscosity Level
Based on the viscosity level, the market is segmented into low viscosity and high viscosity. The low-viscosity coatings are estimated to support the market growth in terms of the largest silicone coating market shares. Such coatings support high-speed manufacturing methods which include flow, manual or automated spraying, and jetting techniques. These coatings are in high demand amongst manufacturers, especially when it comes to forming thin conformal coatings upon electronics. Moreover, high-viscosity coatings are also anticipated to contribute substantial shares to the market growth in terms of value. As the term suggests, this level of viscosity is preferred in applications that require thick layers of the coating such as high-rise buildings, bridge joints, and others. Moreover, such highly viscous coatings are used in these applications due to high control over speed and distance of flow.
Based on the application, the market is segmented into industrial coatings, paints, hard coatings, films, inks, paper & film release, adhesives, and others. The adhesives segment is expected to contribute the largest shares to the market growth during the forecast period. Adhesives offer a wide range of uses in multiple industries such as automotive, construction, transportation, and others. For instance, in the context of construction, Different adhesives are used for polyurethane construction, hybrid constructions, insulation panels, and more. Almost every industry utilizes silicone-based adhesives in their industrial processes either for packaging or material assembly functions. Further, industrial coatings are also anticipated to support the market growth in terms of volume. Silicone-based materials are mainly used for industrial coatings in terms of properties such as wetting, foam control, and adhesion promotion. These coatings are available in a wide range of products such as primers, anti-fouling coatings mainly used in marine, biocidal coatings, heat-resistant coatings, hygienic coatings, architectural coatings, and automotive clear coats. Thus, the segment is expected to witness a high demand during the forecast period owing to the need for enhanced performance in several high-performance applications.
The regional segment comprises Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Asia-Pacific is anticipated to account for the largest market share during the forecast period. The growing construction activities and automotive manufacturing in this region support the high demand for silicone coatings in several applications. Further, the large number of manufacturing facilities in terms of consumer goods also supports the market growth in this region.
Further, North America is projected to support the growth in market statistics in terms of value. The huge presence of market players in this region and rising expenditures on research and development of product innovations support the market growth. Further, industry players have also started to introduce silicone coatings based on solventless technology.
One of the fastest-growing occupations in North America is truck driving. The United States is the major hub for electric vehicles which is driving the growth of the North-American regional market. Increasing public awareness and growing consumer demand for commercial vehicles is the driving factor in the region.
Silicone Coating Market Competitive Landscape:
The global silicone coating market is highly competitive due to the presence of numerous market players. These established players have implemented various business strategies, such as product innovation, to increase profits. Additionally, there is potential for other players to form partnerships and joint ventures to create new revenue opportunities in the future. Some of the major market players in this industry include –
• Silicone Solutions
• Shin-Etsu Silicone
• CHT Germany GmbH
• The Dow Chemical Company
• Elkem Silicones
• Specialty Coating Systems Inc.
• Supreme Silicones India Pvt. Ltd.
• Wacker Chemie AG
• Tokyo Kobunshi Co., Ltd.
• KCC Silicone
• Dongguan City Betterly New Materials Co., Ltd.
• Walter Wurdack, Inc.
• Master Bond, Inc.
• Techsil Ltd.
• Sika AG
• In May 2021, WACKER developed an eco-friendly version of its DEHESIVE® silicone release agents named DEHESIVE® eco. This silicone coating provides manufacturers with an efficient and sustainable method for producing release coatings without using fossil-based materials.
• In November 2021, Dow introduced SYL-OFF™ SL 184 Coating, a solvent-free option that reduces misting at high production line speeds while also being energy efficient.
• In December 2021, Evonik has introduced TEGO RC 1442, a new silicone release coating specifically designed for various quick-drying pressure-sensitive adhesive applications.