According to the report “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“, the current market size of the silicone Coating in terms of value was projected to reach US$6 Billion by 2020, growing at a CAGR of 8.2% between 2015 and 2020.
The global Silicone Coatings Market is successfully penetrating the end-user industries. The end products are tailor-made as per the requirements of the end-user industries. The Asia-Pacific region is the fastest-growing segment of the global silicone Coating market. This growth is mainly attributed by heavy investment across construction industries, and increasing population and per capita income. The Asia-Pacific and RoW markets are estimated to grow in the next five years while the allied industries are projected to stabilize the overall business need in the respective region.