Silicone Coatings Market Trends, Company Share To 2020: Grand View Research, Inc.
Silicone coatings are increasingly being used in construction applications in order to fulfill the need for a durable, flexible and seamless barrier as a result of excellent weather resistance and water proof nature. These coatings provide superior defense from harmful UV rays and severe weather conditions thus accentuating outdoor use which is expected to be a factor influencing market growth over the forecast period. Silicone market is anticipated to witness increased demand in marine applications owing to properties including low chemical reactivity, thermal stability, low thermal conductivity, strength, stability, low flammability and durability. Additionally eco friendly characteristics of silicone coupled with restrictions on use of tin based coatings are anticipated to develop silicone market over the forecast period.
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Elastomeric silicone coatings fail to provide resistance against strong acids and bases, resulting in restricted market growth. However, technological advancements in biocompatible silicone coating manufacturing are anticipated to open new market avenues over the forecast period. Growing use of silicone in order to coat temporary implants including surgical drains and catheters are also expected to augment the market demand. Additionally, use of silicone coatings in soft tissue replacements by developing an envelope to encapsulate saline solutions and gels is anticipated to supplement the market growth.
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Asia Pacific was the key regional market owing to infrastructure development and rapid industrialization in this region. Growing automotive and transport sector in emerging economies of Asia Pacific including China and India are expected to positively impact the silicone coatings market demand. Economic development in South Africa, Middle East and Latin America resulting in growth of manufacturing activities is anticipated to fuel the market demand.
SILRES, a Wacker group product offers protective coatings and exhaust systems for use in extreme climatic conditions. Momentive Performance Materials Inc, the global licensee of GE obtained patent for “"Fluid Applied Silicone Air and Water Barrier System and Process Thereof” for development of air & water barrier. West Development group is a U.S. based coatings manufacturer providing roofing solutions to the construction industry. The company offers solvent free silicone coatings with superior properties including high tensile strength, elongation, impact resistance and low carbon footprint.
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