Silicone Heat Resistant Coating Market Definition
Silicone is widely used in coating industries as a material to protect & preserve but also to bring style to a wide variety of applications. It has very good properties on protective coatings, especially those continuously exposed to extreme temperatures and rapid temperature fluctuations. These properties of heat-resistant coatings are mainly determined by the constituent binders, fillers, and pigments. These coatings form a glassy layer on curing. The silicone heat resistant coatings are widely used for objects that are exposed to high temperatures such as pipelines, exhaust pipes, chimneys, and other applications. Therefore, the specially formulated silicone resins for high-temperature-resistant coatings for the above applications have significantly grow in the forecast period.
The market study is broken down by Type (Resin, Water Repellent, Additives and Others), by Application (Car, Truck, Fireplaces Chimneys, Exhaust Pipes and Others) and major geographies with country level splits.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Silicone Heat Resistant Coating market throughout the predicted period.
Teknos Group Oy (Finland), Elkem Silicones (China National BlueStar (Group) Co. Ltd.) (China), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), SilcoTek Corporation (United States), Sherwin-Williams Company (United States), PPG Industries Inc. (United States), RPM International Inc. (United States), Hempel A/S (Denmark), KCC Corporation (South Korea) and Dampney Company Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Grauer & Weil (India) Ltd. (India), AkzoNobel N.V. (Netherlands), Jotun A/S (Norway), Kansai Paints Co., Ltd. (Japan) and Chitra Insultec Private Limited (India).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Silicone Heat Resistant Coating market by Type, Application and Region.
On the basis of geography, the market of Silicone Heat Resistant Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Building & Construction will boost the Silicone Heat Resistant Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resin Type, the sub-segment i.e. Methyl Silicone Resins will boost the Silicone Heat Resistant Coating market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In November 2019, Evonik Industries AG, a stock-listed German specialty chemicals company has launched a new eco-friendly silicone resin for water bone coatings. The new SILIKOFTAL HTW 3 is a heat-resistant silicone resin that meets all the requirements of a sustainable formulation.
Market Trend
- Silicone Heat Resistant Coating for Roofing System in Hot Climates
- Automotive & Aircraft Exhaust Equipments
- Increasing Trend of Silicone Heat Resistant Coatings Cookware Applications Such as Pots & Pans
Market Drivers
- Growing Demand for Silicone Heat Resistant Coating from Industrial Applications
- Silicone Resin Heat Resistant Coating Used for Building Protection
- Growing Demand Due to the Silicone in Lab Made Synthetic Material
Opportunities
- Growing Demand from Automotive and Chemical Industries
- Innovations and Developments in Material Technology
Restraints
- Availability of Substitute Products Such as Epoxy, Epoxy Phenolic
Challenges
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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