Polysiloxane Coatings Market - Forecast(2023 - 2028)

Report Code: CMR 41264 Report Format: PDF + Excel

Polysiloxane Coatings Market Overview

Polysiloxane coatings market size is forecast to reach $3.2 billion by 2026, after growing at a CAGR of 6% during 2021-2026 due to increasing demand for protective coatings from various end-use industries such as building & construction, automotive, aviation, personal care products, and others. Polysiloxane offers various properties such as excellent abrasion and corrosion resistance, anti-graffiti properties, and has low volatile organic compounds. Polysiloxane is linear polydimethylsiloxane (PDMS) that is used to improve the antifouling properties of the fouling release coatings based on polyurethane. Polydimethylsiloxane provides lubricating effects and offers excellent thermal stability, biocompatibility, and is easy to handle. Polysiloxane contains a high density of benzophenone which has excellent ultraviolet abrasion properties. Hence, increasing demand for nanotechnology for the improvement of UV protection from the end-use industry is estimated to grow the demand for polysiloxane coatings.

Impact of COVID – 19

Due to COVID-19, the construction activities have been shut down from the first a quarter of 2020 and also continue in Q2 of 2021, due to which new buildings, offices could not be commissioned. According to U.S. Census Bureau, construction spending in the US decreased 0.8% in January 2021 which limited the demand for polysiloxane coatings.

Report Coverage

The report: “Polysiloxane Coatings Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polysiloxane Coatings Industry.

By Product: Epoxy-Polysiloxane Coatings, Acrylic-Polysolixane coatings, and Others.
By End-Use Industry: Transportation {Automotive (Passenger Cars, Light Weight Commercial Vehicles, Heavy Duty Commercial Vehicles), Aerospace, Marine, Others}, Electrical & Electronics (LED, Computer, Smartphones, Others), Textile Industry, Power & Energy, Infrastructure, Pulp & Paper, Petrochemical Plants, Oil & Gas, Household, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific dominates the polysiloxane coatings market due to growing investment in infrastructural development and production of vehicles in developing and emerging countries such as India, China, Malaysia, and others.
  • According to India Brand Equity Foundation (IBEF), the automotive industry in India is expected to reach Rs 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026.
  • Increasing adoption of polysiloxane coatings due to well performance against weather and ultraviolet light as they contain benzophenone is estimated to create an opportunity for the polysiloxane/(polydimethylsiloxane) market.
  • Polysiloxane coatings provide excellent protection from harmful rays with nanotechnology and have low VOC which may increase the market size during the forecast period.


Figure: Asia Pacific Polysiloxane Coatings Market Revenue, 2021-2026 (US$ Billion)

Polysiloxane Coatings Market Revenue

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Polysiloxane Coatings Market Segment Analysis – By Type

The acrylic polysiloxane segment held the largest share in the polysiloxane coatings market in 2020. Acrylic polysiloxane coatings offer low volatile organic compounds, excellent flexibility, abrasion resistance, color retention, aesthetic behavior, durability, and others which makes them ideal for cosmetics and architectural coatings. Acrylic polysiloxane coating provides a superior gloss of personal care products. Also, it is designed to maintain finish coat in an onshore and offshore environment which is estimated to grow the consumption of acrylic polysiloxane coatings.

Polysiloxane Coatings Market Segment Analysis – By End-Use Industry

Transportation dominated the global polysiloxane (polydimethylsiloxane) market in 2020 and is growing at a CAGR of 6.2% during 2021-2026. Polysiloxane coatings offer excellent abrasion, corrosion resistance, anti-graffiti properties, and other properties thus are used in gaskets, planes, and others. Thus, increasing vehicle production and the aerospace industry are estimated to grow the consumption of polysiloxane coatings. According to the International Organization of Motor Vehicles Manufacturers (OICA), global vehicle production increased by 21.08 million in January-March 2021 as compared to 18.03 million in January-March 2020. Furthermore, according to the Federation of Automobile Dealers Associations (FADA), passenger vehicle sales in November 2020 stood at 2,91,001 units with 4.17 % growth, compared with 2,79,365 units in November 2019. Also, the Indian Government expects the automobile sector to draw in US$ 8-10 billion in native and foreign investments by 2023. Apart from this, according to the India Brand Equity Foundation (IBEF), The MRO (maintenance, repair, and overhaul) aerospace industry is likely to grow over US$ 2.4 billion by 2028 from US$ 800 million in 2018. Also, the number of airplanes is expected to reach 1,100 by 2027. Hence, increasing automotive and aerospace production activities is estimated to grow the demand for liner polydimethylsiloxane or polysiloxane coatings.

Polysiloxane Coatings Market Segment Analysis – By Geography

Asia Pacific dominated the polysiloxane coatings market in 2020 with more than 30%, due to increasing demand from the building & construction and automotive sector in Asian countries. Polysiloxane coatings can resist temperatures of approximately 1,400°F (760°C) and provide high UV resistance with coatings by nanotechnology. Thus, increasing investment in the construction sector and housing demand is creating opportunities for polysiloxane coatings. According to the The Indian government, an investment worth US$ 31,650 billion has been initiated by 99 cities under their smart city plans. Additionally, 100 smart cities and 500 cities are possible to invite investment worth INR 2 trillion in the upcoming 5 years. According to the Council on Tall Buildings and Urban Habitat (CTBUH), China constructed 11 supertalls buildings more than 300 meters in 2018. Apart from this, According to the International Trade Administration (ITA), the Chinese government expected to run the production of automobiles with 35 million units by 2025. Hence, the increasing automotive and construction sector is estimated to grow the demand for protective coating which, in turn, increasing the demand for polysiloxane coatings.

Polysiloxane Coatings Market Drivers

Increasing Automotive Production

According to India Brand Equity Foundation (IBEF), in India passenger vehicle sales were at 3,10,294 units in October 2020, compared with 2,71,737 units in October 2019, registering a 14.19% growth. Also, the Indian Government expects the automobile sector to attract US$ 8 to US$10 billion in local and foreign investments by 2023. In 2017, the Australian market sold 1.2 million new passenger cars, SUVs, and commercial vehicles, an increase of 0.9 % from 2016. Furthermore, according to the International Organization of Motor Vehicle Manufacturers (OICA), the production of light commercial vehicles has also increased in the APAC region by 10.2 % in 2018. Light commercial vehicle production has increased from 2,249,348 in 2018 to 2,254,153 in 2019, an increase of 0.2 % in Europe. Additionally, according to the International Organization of Motor Vehicle Manufacturers, in Malaysia, commercial and passenger car vehicle production increased by 1.2% to 571632 units in 2019 as compared to 564800 units in 2018. Hence such factors are increasing the demand for polysiloxane coatings. 

Growing Consumption from Infrastructure Sector

Polysiloxane coatings provide corrosion protection, excessive temperature protection, fire resistance to ensure the durability, and aesthetics of the constructed structure. Polysiloxane coatings are applied for high UV protection as they contain benzophenone chemicals. It is formulated with low volatile organic compounds, thus; they provide protective coatings for infrastructure application. Hence, increasing infrastructure projects are estimated to grow the demand for nanotechnology coatings. According to India Brand Equity Foundation (IBEF), India plans to spend US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP) by 2023. Therefore, increasing such activities are estimated to grow the consumption of polysiloxane coatings.

Polysiloxane Coatings Market Challenges

Toxicity of Polysiloxane Poses Health Risk

Polysiloxane highly is a flammable liquid and vapor that causes skin irritation, eye irritation, damaged respiratory system, and cause of dizziness. Polysiloxane contains benzophenone group compounds which are used in personal care and cosmetics. But benzophenone is a toxic compound that causes skin reactions and allergies. Hence, such a factor is limiting the market growth. 

Polysiloxane Coatings Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Polysiloxane Coatings market. Major players in the polysiloxane coatings market are Akzo Nobel N.V., Axalta Coating Systems, LLC, Jotun, Cromology, Hempel, PPG Industries, Inc., and Sherwin-Williams Company, and among others.

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1. Polysiloxane Coatings Market - Market Overview
    1.1 Definitions and Scope 
2. Polysiloxane Coatings Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by End-Use Industry
    2.3 Key Trends by Geography
3. Polysiloxane Coatings Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Polysiloxane Coatings Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Polysiloxane Coatings Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Polysiloxane Coatings Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Polysiloxane Coatings Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Polysiloxane Coatings Market – By Type (Market Size -$Billion)
    8.1 Epoxy-Polysiloxane 
    8.2 Acrylic-Polysiloxane 
    8.3 Others
9. Polysiloxane Coatings Market – By End-Use Industry (Market Size -$Billion)
    9.1 Transportation
        9.1.1 Automotive 
            9.1.1.1 Passenger Cras
            9.1.1.2 Light Weight Commercial Vehicles
            9.1.1.3 Heavy Duty Commercial Vehicles
            9.1.2 Aerospace
        9.1.3 Marine
        9.1.4 Others
    9.2 Textile Industry
    9.3 Power & Energy
    9.4 Infrastructure
    9.5 Pulp & Paper
    9.6 Petrocehimical Plants
    9.7 Oil & Gas
    9.8 Household
    9.9 Others
10. Polysiloxane Coatings Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3India
        10.3.4 South Korea
        10.3.5 Australia and New Zeeland
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11.Polysiloxane Coatings Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs, and Partnerships
12. Polysiloxane Coatings Market – Industry/Segment Competition Landscape Premium
    12.1 Company Benchmarking Matrix- Major Companies
    12.2 Market Share at Global Level - Major companies
    12.3 Market Share by Key Region - Major companies
    12.4 Market Share by Key Country - Major companies
    12.5 Market Share by Key Application - Major companies
    12.6 Market Share by Key Product Type/Product category - Major companies
13. Polysiloxane Coatings Market – Key Company List by Country Premium Premium
14. Polysiloxane Coatings Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"