Silicone coating market worth USD 6.60 billion by 2021

摘要

According to the market research firm MarketsandMar-kets, the global silicone coating market is projected to grow from USD 4.73 billion in 2016 to USD 6.60 billion by 2021, registering a CAGR of 6.90 %. Silicone coatings are used in various applications, e.g., in construction, automobiles and transportation, consumer goods, marine, paper and film release, and others. In 2015, consumer goods applications accounted for the largest market share in terms of value. Growth is driven by the demand for electronics products from the growing population, especially in China, the USA and India.