Silicate Coatings Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Silicate Coatings Market Analysis
The silicate coatings market is expected to grow at a significant rate, during the forecast, at an estimated CAGR of around 4%, majorly driven by stringent environmental regulations to control VOC emissions. Silicate coatings are based on the combination of quartz (SiO2) and carbonate to produce a silicate (SiO2/Na2O).
- Lithium, sodium or potassium carbonate can be used for certain grades, by hydrothermally dissolving a reactive silica source (mainly silica sand) in the respective hydroxide, which is then combined with lightfast inorganic pigments.
- On the flip side, properties, such as bad sealing and high water absorption, are expected to hinder the growth of the market studied.
Silicate Coatings Market Trends
This section covers the major market trends shaping the Silicate Coatings Market according to our research experts:
Increasing Demand from Residential Construction
- The increasing middle-class population, coupled with their increasing disposable income, has facilitated the expansion in the middle-class housing segment, thereby, driving theresidential construction across the world.
- Asia-Pacific region is expected to witness the highest growth in terms of new residential construction projects, due to the expanding housing construction market in developing countries like China, India and ASEAN Countries.
- In India, the government-initiated project named ‘Housing for All by 2022’, is expected to immensely drive the residential construction segment in the country, throughout the forecast period.
- The governments in several European countries have also supported to fulfill the supply-demand gap, for housing. For instance, to reduce the United Kingdom’s housing supply crisis, the Manchester city council has collaborated with other developers to build 500 sites, through individual development programs across Greater Manchester and Liverpool.
- All the above factors are expected to propel the growth in the residential sector, which in return, is expected to grow the silicate coatings market, as they are highly stable and durable coatings, with particularly convincing long-lasting color and natural effect.
Asia-Pacific to Dominate the Market Growth
- The Asia-Pacific region dominated the global market share. Factors, such asgrowing construction activities and preference for low maintenance building products, are favoring the marketgrowth.
- India is the fastest growing construction markets in the Asia-Pacific region. The construction sector in India has been growing rapidly, with an increased investment by the government.
- The country is likely to witness an investment of around USD 1.3 trillion in housing over the next seven years, where the country is likely to witness the construction of 60 million new homes. The availability of affordable housing is expected to rise around 70%, by 2024, in India.
- The increasing investments in the residential and commercial sectors, along with strategic initiatives by the Indian government, are expected to boost the construction sector in the country, which, in turn, is anticipated to drive the silicate coatings market in India.
- Moreover, the growing interest of the companies, in exploring the rural markets in the region, has further aided the growth of the sector. The Government of India encourages foreign investment in the automobile sector and allows 100% FDI under the automatic route.
- Hence, with the rapid growth expected in the construction and automotive industries, demand for silicate coatings in the region is expected to rapidly increase over the forecast period.
Silicate Coatings Industry Overview
The global silicate coatings market is highly fragmented in nature, with top five players accounting for a small share (in terms of revenues generated) of the market studied. The major players in the market include AkzoNobel N.V., KEIM Mineral Coatings of America, Inc., Hempel, Teknos Group, and The Sherwin-Williams Company, among others.
Silicate Coatings Market Leaders
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Hempel
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Teknos Group
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KEIM Mineral Coatings of America, Inc.
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Jotun
*Disclaimer: Major Players sorted in no particular order
Silicate Coatings Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand From Construction Industry
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4.1.2 Surge in Usage of Silicate Coating In Architectural Sector
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4.2 Restraints
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4.2.1 Impact of COVID-19 Pandemic on Global Economy
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Pure Silicate Paints
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5.1.2 Dispersion Silicate Paints
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5.1.3 Sol-silicate Paints
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5.1.4 Zinc Silicate Paints
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5.2 End-user Industry
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5.2.1 Construction
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5.2.1.1 Residential
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5.2.1.2 Commercial
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5.2.2 Transportation
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5.2.3 Industrial
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 ASEAN Countries
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5.3.1.6 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 NORDIC Countries
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5.3.3.6 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Ranking Analysis
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 AkzoNobel N.V.
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6.4.2 ASE Group
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6.4.3 Asian Paints PPG Pvt Ltd
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6.4.4 BEECK'sche Farbwerke GmbH
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6.4.5 Berger Paints
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6.4.6 Hempel
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6.4.7 Hoffmann Mineral
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6.4.8 Jotun
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6.4.9 KEIM Mineral Coatings of America, Inc.
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6.4.10 Polyset
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6.4.11 Remmers (UK) Limited
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6.4.12 Teknos Group
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6.4.13 The Sherwin-Williams Company
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Silicate Coatings Industry Segmentation
The silicate coatings market report includes:
| Type | |
| Pure Silicate Paints | |
| Dispersion Silicate Paints | |
| Sol-silicate Paints | |
| Zinc Silicate Paints |
| End-user Industry | ||||
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| Transportation | ||||
| Industrial |
| Geography | ||||||||
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Silicate Coatings Market Research FAQs
What is the current Silicate Coatings Market size?
The Silicate Coatings Market is projected to register a CAGR of less than 4% during the forecast period (2024-2029)
Who are the key players in Silicate Coatings Market?
Hempel, Teknos Group, KEIM Mineral Coatings of America, Inc. and Jotun are the major companies operating in the Silicate Coatings Market.
Which is the fastest growing region in Silicate Coatings Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Silicate Coatings Market?
In 2024, the Asia Pacific accounts for the largest market share in Silicate Coatings Market.
What years does this Silicate Coatings Market cover?
The report covers the Silicate Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Silicate Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Silicate Coating Industry Report
Statistics for the 2024 Silicate Coating market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Silicate Coating analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
