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Silicone Roof Coatings Market By Technology (Flat, Low-Sloped, Steep-Sloped, Others) By Industry Vertical (Water-Based, Solvent-Based) By Substrate (Metal, Asphalt, Membrane, Clay & Concrete, Plastic) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

This global silicone roof coatings market study examines the industry. It includes factors, investment ideas, information on the need for investment in this industry, and more. The report also features important details that are available to investors. This report outlines significant modifications to international technological standards governing the silicone roof coating market trends, as well as how obstacles of both a financial and nonfinancial kind are promoting its expansion. Additionally, the report examines historical and projected market sizes for silicone roof coatings at the global, regional, and national levels. The report provides a thorough analysis of the most important investment propositions, the demand-supply gap, the positioning of competitors, and STAR, SRC, and Tornado analyses. important technology advancements and other evaluations, like Porter's Five Forces, PESTEL, and Value Chain Analysis.

Key Highlights of the report

REPORT ATTRIBUTE DETAILS

Silicone Roof Coatings Market by Volume

Yes

Market by Value

Yes

Market, Tornado Analysis

Yes

Market, STAR Analysis

Yes

Market, SRC Analysis

Yes

Market, Import-Export Data

Yes (On Demand)

Market Pricing Analysis

Yes (On Demand)

Market Segment Analysis

By Technology (Flat, Low-Sloped, Steep-Sloped, and Others)

By Industry Vertical (Water-Based and Solvent-Based)

By Substrate (Metal, Asphalt, Membrane, Clay and Concrete, Plastic, and Others)

By Application (Commercial, Residential, Industrial, and Others)

Market, Regional Analysis

North America (U.S. and Canada)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Market Key Companies

The Dow Chemical Company, Wacker Chemie AG, Sherwin-Williams Company, PPG Industries Inc., BASF SE, RPM International Inc., Akzo Nobel N.V., Sika AG, KANSAI PAINT CO. LTD. and Hempel A/S.

Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

How are the major segments performing in the silicone roof coatings market?

  • In 2021, the low-sloped category accounted for the largest share, owing to the growing use of low-sloped roofs in industrial and commercial buildings.
  • In 2021, the solvent-based segment held the larger share of the market. A coating made of solvents is not damaged by freezing temperatures while it is stored. As a result, it fuels the demand in the global silicone roof coatings market over the forecast period.
  • In 2021, the asphalt segment accounted for a significant market share due to growing usage as a substrate for roof coatings. Asphalt is a low-cost substance that is made up of clay-bonded asphalt particles that are dispersed in water.
  • In 2021, the residential sector held the largest share of the silicone roof coatings market. The increase in government initiatives and investments in developing the public infrastructure is one of the factors driving the segment growth.

Which region dominated the silicone roof coatings market?

In 2021, North America held the highest share of the market and was estimated to sustain its dominance over the coming years. High industrial investment levels and a rise in silicone coatings across various industry verticals primarily drive the demand for silicone coatings in the region.

How is the U.S. market performing in the silicone roof coatings market?

In 2021, the United States region was anticipated to hold a significant market share. This growth is due to rising consumer awareness and government initiatives to cut carbon emissions across the country. Moreover, the demand for roof coating in this region has surged due to the distinctive construction features of these green buildings, which ensure efficient water and energy usage.

What is the competitive environment of the silicone roof coatings market?

The competitive environment of the silicone roof coatings industry provides information on the total financial profit made by suppliers, the global silicone roof coatings market share, the business organization summary, the sales and revenues generated in this sector, and the possibilities for the silicone roof coatings market.

Executive Summary

How do silicone roof coatings transform the paint and coating industry?

The paints and coatings sector has seen a significant transformation in recent years due to formulation adjustments principally motivated by demands for increased sustainability, durability, and usability. VOCs are necessary for spreading paint film, including acetone, ethyl acetate, glycol ethers, and aliphatic hydrocarbons. Concerns about VOC emissions are growing globally since they affect the liver, kidneys, and central nervous system, helping to create tropospheric ozone and smog. For instance, using solvents results in the release of more than 28% of all VOCs, necessitating a reduction in emissions. Volatile Organic Compounds (VOC) emissions from roof coatings are regulated by the EPA and are restricted to 250 grams per liter. This, manufacturers of roof coatings have steadily shifted away from the traditional low-solid coating to comply with VOC standards. These evolving technologies include high-solid roof coatings and waterborne and solvent-free systems.

Which are the key investments by the silicone roof coatings market players?

Expanding production capabilities for roof coatings is a key focus for major silicone roof coatings market players. In addition, players are focusing on partnerships, strategic mergers and acquisitions, and raising consumer awareness through various advertising campaigns to aid manufacturers in promoting silicone roof coatings in the industry. This further aids in expanding their customer base in the global silicone roof coatings market, giving them a competitive edge.

Some major players in the silicone roof coatings market are The Dow Chemical Company, Wacker Chemie AG, Sherwin-Williams Company, PPG Industries Inc., BASF SE, RPM International Inc., Akzo, Nobel N.V., Sika AG, KANSAI PAINT CO. LTD., and Hempel A/S.––

What are the major driving factors for the silicone roof coatings market?

Rising demand for the preservation and expansion of the service life of roofing systems for the latest construction and existing rooftop coverings such as built-up roofs, modified bitumen, metal, single-ply membranes, and spray polyurethane foam are some of the factors driving the silicone roof coatings market growth in the coming years. Additionally, using a rooftop coating can help reduce a building's energy costs. Using some of the highly reflective white coatings available can significantly reduce membrane temperature, improving long-term system performance. The demand for silicone coatings has significantly increased due to qualities such as excellent chemical resistance, scratch resistance, and corrosion resistance. The market for silicone roof coatings is anticipated to grow as silicone components are increasingly used in the automobile sector. Sales of silicone coating are anticipated to increase, along with consumer electronics sales, due to rising disposable income in emerging economies worldwide.

What are the major risks for the market for silicone roof coatings?

The high cost of silicone coatings hampers long-term market expansion. It is also anticipated that the proliferation of inexpensive alternatives will restrain the silicone roof coatings market's growth over the forecast period.

Which is the key application in the market for silicone roof coatings?

The solvent-based segment held the largest share of the market. A coating made of solvents is not damaged by freezing temperatures while it is stored. As a result, it fuels demand in the global silicone roof coatings market over the forecast period. Solvent-based coatings, such as urethanes and silicones, endure longer but are costlier and need more care to apply.

silicone-roof-coatings-market

How is the silicone roof coatings market performing in different regions?

North America held the largest silicone roof coatings market share. High industrial investment levels and a rise in the use of silicone coatings across a variety of industry verticals primarily drive the demand for silicone coatings in this region.

Moreover, the Asia-Pacific region is expected to grow substantially due to rapid industrialization and urbanization. Additionally, rising disposable income, rising consumer electronics sales, and cheap production costs are all factors driving up demand for silicone coatings in this region.

What is the regulatory landscape for the silicone roof coatings market?

On September 11, 1998, the Environmental Protection Agency published the architectural coatings rule under the authority of Section 183(e) of the Clean Air Act (63 FR 48848). The amount of volatile organic compounds (VOC) that manufacturers and importers of architectural coatings may use in their goods is limited by this regulation. Additionally, the rule requires architectural coatings to be labeled on containers. The VOC limitations include exclusions for products that might be challenging to reformulate.

What is the market size of silicone roof coatings regarding value?

The global silicone roof coatings market is growing at a significant CAGR of XX% during the forecast period. The global silicone roof coatings industry was estimated to be worth USD XX billion in 2021 and was expected to be worth USD XX billion by 2028.

What are the major players planning for the future of the silicone roof coatings market?

A competitive edge in the market is anticipated to be provided by a growing regional presence and investments in downstream applications. For instance, in October 2021, for about €120.00 million, Wacker purchased a 60% stake in SICO Performance Material, a producer of specialty silanes. Wacker has enhanced the silicone business through this acquisition.

Segmentation of Global Silicone Roof Coatings Market-

Global Silicone Roof Coatings Market – By Technology

  • Flat
  • Low-Sloped
  • Steep-Sloped
  • Others

Global Silicone Roof Coatings Market – By Industry Vertical

  • Water-Based
  • Solvent-Based

Global Silicone Roof Coatings Market – By Substrate

  • Metal
  • Asphalt
  • Membrane
  • Clay & Concrete
  • Plastic
  • Others

Global Silicone Roof Coatings Market – By Applicationr

  • Commercial
  • Residential
  • Industrial
  • Others
  • Food Industry

Global Silicone Roof Coatings Market – By Region

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global silicone roof coatings market

North America held the highest revenue share in the global silicone roof coatings market.

The major drivers responsible for the market's growth include

In 2021, the filtered segment had a major share in the global market.

The organic segment had a major share in the global market in 2021.

The household (retail) segment had a major share in the global market in 2021.

Silicone Roof Coatings Market Scope

Report Attribute Details
Market Value in 2021 USD XX billion
Market Value in 2028 USD XX billion
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Dec 2022
Category:  Advanced Materials
Report ID:   60835
Report Format:   PDF
Pages:   140
Rating:    4.5 (30)
Delivery Time: 24 Hours to 48 Hours   
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