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PUNE, India , Feb. 14, 2023 /PRNewswire/ -- According to Exactitude Consultancy the Global Silicone Resin Market value is expected to reach USD 21.3 billion by 2029, growing at a CAGR of 5.2% Between Forecast Period 2023 and 2029.
The silicone resin market is expected to grow at 5.2% CAGR from 2023 to 2029. It is expected to reach above USD 21.3 Billion by 2029 from USD 13.5 Billion in 2022. The silicone resin market is a growing industry that focuses on the production and sale of silicone resins, which are a type of synthetic polymer. Silicone resins are widely used in various applications, including construction, automotive, electrical and electronics, personal care, and textiles. The market is driven by the increasing demand for high-performance materials, as well as the growing use of silicone resins in various end-use industries. Some of the key players in the silicone resin market include Dow Chemical, Wacker Chemie AG, Momentive, Shin-Etsu Chemical Co., Ltd., and Elkem. The market is expected to continue to grow as demand for silicone resins increases and new applications are developed.
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Silicone-based coatings are widely used in industrial operations to ensure quality through consistent release performance during the molding process. Paints containing silicone additives improve the efficiency of ships in the marine sector (higher speeds and lower fuel consumption) and eliminate the need for traditional antifouling paints that contain harmful ingredients.
Silicone resins are used by industrial coating manufacturers to improve adhesion, waterproofness and durability in harsh environments. In paints, silicone resins disperse pigments to improve colour and leveling, while levelling agents ensure opacity and a flawless finish, even eliminating surface defects caused by blistering. Silicone resins improve heat resistance and provide water resistance for specialty paints and varnishes.
As part of building materials, building elements and layers of ceramics, they are consistently used in construction. Silicone resins used as binders in intumescent paints provide adequate protection for steel and aluminium structures over time in the event of a building fire. These coatings can be widely used in the oil and gas sector, automotive sector, especially cars and trucks.
From airbags to technical textiles and leather goods, silicone coatings are used in a wide variety of consumer products and applications to give these products the desired properties and desired look and feel.
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Industrial Wood Exterior Coatings Market
Asia Pacific Industrial Wood Exterior Coatings Market is expected to grow at 7.7% CAGR from 2015 to 2027. It is expected to reach above USD 2.9 billion by 2027 from USD 1.2 billion in 2015.
The global Bio-Based Paraxylene Market is expected to grow at 7.20% CAGR from 2022 to 2029. It is expected to reach above 20.46 USD billion by 2029 from 11.32 USD billion in 2021.
The black carbon market was estimated to be USD 18.6 Billion in 2022 and at a CAGR of 4.5% is estimated to grow to USD 27.64 Billion by 2029.
The global Bleaching Agent Market is expected to grow at 6.1% CAGR from 2022 to 2028. It is expected to reach above USD 1330 million by 2028 from USD 780 million in 2022.
Blowing agent market size was valued at USD 1.37 billion in 2020 and is projected to reach USD 2.41 billion by 2029, growing at a CAGR of 6.5% from 2022 to 2029.
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
Contact us for your special interest research needs at sales@exactitudeconsultancy.com and we will get in touch with you within 24hrs and help you find the market research report you need.
Website: https://exactitudeconsultancy.com
Contact: Irfan Tamboli Email: sales@exactitudeconsultancy.com Phone: +91-7507-07-8687
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