Silicone Coatings Market Dominated by Construction Sector to Grow at 6.9% CAGR to 2021

Jun 14, 2016, 06:00 ET from ReportsnReports

PUNE, India, June 14, 2016 /PRNewswire/ --

The global silicone coatings market size is projected to hit USD 6.60 billion by 2021, growing at a CAGR of 6.90% between 2016 and 2021 dominated by construction sector and the growth is fueled by their ability to corrosion resistance, performance properties and safe coating in every application.

Complete report on global silicone coatings market spread across 191 pages, profiling 15 companies and supported with 159 tables and 53 figures is now available http://www.reportsnreports.com/reports/344550-silicone-coatings-market-by-type-additives-polymers-100-silicone-water-repellents-silicone-by-end-user-industry-construction-automotive-consumer-electronics-plastic-processing-manufacturing-global-forecast-to-2020.html .

Globally, construction is the fastest-growing application of silicone coatings, in terms of volume. Silicone coatings help protect, strengthen, and provide aesthetic features to buildings and architectural monuments. The advancement and innovation in infrastructure technologies and development of the construction industry are expected to increase significantly in the coming years. The key drivers are the increasing disposable income, changing consumer lifestyles, increased use of silicone coatings products, and growing consumer goods industries in countries such as China, India, Japan, the U.S., and Germany.  

Asia-Pacific is the fastest-growing market of silicone coatings, in terms of value and volume. High economic growth rate, growing manufacturing industries, cheap labor, increasing foreign investments, increasing demand from end-use industries, and a global shift in production capacity from the developed markets to the emerging markets are major factors leading to the growth of the silicone coatings market in this region.

The key companies profiled in this market research report are Wacker Chemie AG (Germany), Momentive Performance Material. Inc., (U.S.), Dow Corning Corporation (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), and KCC Silicone (South Korea). Order a copy of Silicone Coating Market by Type (Additives, Polymers, 100% Silicone, Water Repellents Silicone, and Others), by Technology, by Application (Construction, Automotive, Consumer Goods, Marine, Industrial, Paper & Film Release, and Others) - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=344550 .

In the process of determining and verifying, the global silicone coatings market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (46%), Tier 2 (27%) and Tier 3 (27%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (36%), Directors Level (18%) and others (46%) from various key organizations operating in the global silicone coatings market. The primary interviews were conducted worldwide covering regions such as North America (37%), Europe (36%), APAC (18%), and RoW (9%).

On a related note, another research on Epoxy Coatings Market Forecast to 2021 says, the market for epoxy coatings is estimated to grow from USD 26.34 billion in 2016 to USD 33.97 billion by 2021, at a CAGR of 5.22% between 2016 and 2021. Powder-based epoxy coatings: the fastest-growing technology in the epoxy coatings market. Asia-Pacific is the largest market for epoxy coatings. This research has been validated through primaries conducted with various industry experts, globally. Companies like AkzoNobel N.V., Axalta Coating Systems, BASF SE, The Sherwin-Williams Company, The Valspar Corporation, RPM International, PPG Industries, Nippon Paint Company, Kanasai Paint Company, Tikkurila Oyj and Berger Paint India Limited have been profiled in this 162 pages research report available at http://www.reportsnreports.com/reports/542840-epoxy-coatings-market-by-technology-solvent-borne-waterborne-and-powder-based-and-application-construction-transportation-general-industrial-and-others-forecast-to-2021.html .

Explore more reports on the chemicals market at http://www.reportsnreports.com/market-research/chemicals/ .

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