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Silicate Coatings Market - Growth, Trends, and Forecast (2022 - 2030)
SKU ID : INH-14244565 | Publishing Date : 01-Apr-2019 | No. of pages : 110
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Market Overview
The silicate coatings market is expected to grow at a significant rate during the forecast period (2019-2024) at an estimated CAGR of ~6%, majorly driven by the 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 or 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. Original silicate coatings are UV resistant, VOC free and also biocide free, plasticizer-free, emulsifier-free etc.
Key Market Trends
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 the residential 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 Chinese government has projected the capital expenditure in construction of HK$ 23,923 million in its proposed budget for 2018-19, i.e., 7% higher than the budget allotted for the FY2017, in order to the construct more affordable flats.
- 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
China is the largest consumer of silicate coatings market in Asia-pacific, in 2018. Silicate coatings are being widely used in architectural applications, where consumers are willing to pay a premium for low toxicity coatings which are traditionally a key source of silicate consumption in the region. The Chinese government is stepping up its restrictions on coatings with a high volatile organic compound (VOC) content. Such stringent regulations are boosting the consumption of silicate paints market in the region during the forecast period.
Competitive Landscape
The market for silicate coatings is fragmented in nature. Major players in the market include BEECK Mineral Paints, KEIM Mineral Paints, Breathe Silicate Hybrid Paint, Remmers (UK) Limited, and Wacker Chemie AG, among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
The silicate coatings market is expected to grow at a significant rate during the forecast period (2019-2024) at an estimated CAGR of ~6%, majorly driven by the 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 or 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. Original silicate coatings are UV resistant, VOC free and also biocide free, plasticizer-free, emulsifier-free etc.
Key Market Trends
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 the residential 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 Chinese government has projected the capital expenditure in construction of HK$ 23,923 million in its proposed budget for 2018-19, i.e., 7% higher than the budget allotted for the FY2017, in order to the construct more affordable flats.
- 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
China is the largest consumer of silicate coatings market in Asia-pacific, in 2018. Silicate coatings are being widely used in architectural applications, where consumers are willing to pay a premium for low toxicity coatings which are traditionally a key source of silicate consumption in the region. The Chinese government is stepping up its restrictions on coatings with a high volatile organic compound (VOC) content. Such stringent regulations are boosting the consumption of silicate paints market in the region during the forecast period.
Competitive Landscape
The market for silicate coatings is fragmented in nature. Major players in the market include BEECK Mineral Paints, KEIM Mineral Paints, Breathe Silicate Hybrid Paint, Remmers (UK) Limited, and Wacker Chemie AG, among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
