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Organic Silicon Coating Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2028Nov 25, 2021 (MENAFN via COMTEX) — (MENAFN – The Express Wire) Posted on Nov 25 2021 6:49 AM 'Companies covered in the organic silicon coating market are Evonik Industries, ChemChina, BASF, Dow Chemical, Shin-Etsu Chemical, Wacker Chemie AG, Momentive, KCC Silicone and more players profiled.' The global organic silicon coating market is set to gain impetus from its extensive usage in various industries, such as consumer goods, construction, and automobiles. Fortune Business Insights(TM) published this information in an upcoming report, titled," Organic Silicon Coating Market, 2021-2028 ." The report further states that the Dow Chemical Company launched its first silicone conformal coating featuring moisture and UV dual cure system in April 2020. The product is solvent-less and would enable high productivity. At the same time, it would encourage cost reduction, sustainability, and safety in processing by fast UV curing and automated spraying. Get Sample PDF Brochure: Segmentation- Based on end-use, the market is segregated into automobiles, consumer goods, industrial, construction, and others. By form, it is bifurcated into liquid and powder. In terms of geography, it is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Report Coverage- Our research report aims to estimate the future growth potential and size of the organic silicon coating industry. It covers factors influencing growth, such as industry-specific challenges, opportunities, restraints, and drivers. The report also involves extensive secondary sources, databases, and directories, such as Health & Safety Council of North America (SEHSC), Bloomberg, Silicone Industry Association of Japan (SIAJ), Factiva, Hoovers, and Chemical Weekly. Drivers & Restraints- Increasing Demand from Several End-use Industries to Bolster Growth The rising demand for water-repellent coatings from a wide range of end-use industries is anticipated to surge the organic silicon coating market growth in the upcoming years. Besides, reputed organic silicon coating manufacturers are conducting research and development activities to introduce novel products. One of the latest trends in the market is the integration of processes to after sales services from inbound logistics. However, fluctuations in the prices of raw materials may hinder the demand for organic silicon coatings. Regional Insights- Asia Pacific to Dominate Backed by Availability of Cost-effective Labor & Raw Materials Geographically, Asia Pacific presently accounts for the highest organic silicone coating market share. This growth is attributable to the availability of ample raw materials and low cost of labor in the region. Coupled with this, the high disposable incomes of people and presence of numerous prominent companies would boost regional growth. On the other hand, North America is anticipated to showcase considerable growth in the near future because of increasing investments in the aerospace and defense sector. Additionally, the surging technological advancement is also set to spur the demand for organic silicone coatings. In Europe, developed countries, such as Russia, Spain, Italy, and Germany are likely to contribute to growth on account of the rising production of automobiles. Competitive Landscape- Key Players Focus on Adopting Development Strategies to Gain Competitive Edge The market for organic silicon coating houses a large number of companies. Out of them, KCC Silicone (South Korea), Shin-Etsu Chemical Co., Ltd. (Japan), Dow Corning Corporation (U.S.), Momentive Performance Material Inc., (U.S.), and Wacker Chemie AG (Germany) are the dominant players in the market. They are mainly focusing on technological advancements, development strategies, and R&D activities to gain a competitive edge. Below is one of the latest industry developments:
A list of prominent organic silicon coating manufacturers operating in the global market:
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