Overall Methyl Silicone Resin business scenario presented through self-explanatory charts, tables, and graphics images add greater value to the study.
NEW YORK CITY, NEW YORK, UNITED STATES, March 26, 2020 /EINPresswire.com/ — The Methyl Silicone Resins market report offers broad research of the business models with a key approach and respective market shares of some of the prominent participants in this landscape. Along with an in-depth report on the key factors, statistics in terms of revenues, segment-wise data, region-wise, and country-wise are offered in full detail. This report is one of the most extensive documentation that captures all the facets of the evolving Methyl Silicone Resins market.
Methyl Silicone Resins Market: Introduction
Methyl Silicone Resin is basically a low molecular weight polymeric compound with a 3-D branched structure. These resins offer superior thermal stability and can be made hydrophobic as well. Methyl Silicone resins can be of varied types depending on the functional groups that are present in the siloxane chain resins. These offer superior water repellence, release properties, and surface hardness as compared to the others. Because of its excellent thermal properties, the resin is majorly used in the application like paints and coatings to improve the performance of the overall compounded products. Based on the region, the market is analyzed across Asia-Pacific, North-America, Europe, Latin America, and Middle-East and Africa.
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Methyl Silicone Resins Market: Dynamics
Methyl Silicone resins has various applications in the end-user industry. Moreover, due to industrialization, it has growing applications in coatings that include automotive coating and interior floor coating. In the application type, the methyl silicone resins is in more demand for the automotive body coatings, and it is expected to increase in the forecast period. Methyl silicone resin-based coatings offer superior thermal stability and water repellency due to weathering. Also used in the applications that require high-temperature compatibility and resistance to the UV-radiation. The rise in demand in the industrial application is expected to increase at a robust pace in the forecast period.
Industrial applications are further segmented into anti-corrosion coatings in smokestacks, industrial kilns, and mostly combustion chambers. Some of the automobile manufacturers also use it to coat the car exhaust as well. Some grades of methyl silicone resins are also used in surface treatment, such as silicone-based pressure-sensitive adhesives and epoxy adhesive surface. Its use in the construction industry is restricted to sealant purposes, but the demand is expected to remain stable over the forecast years due to the presence of other alternatives for the sealant applications in the construction industry. The methyl silicone resins have significant demand from the cookware manufacturers for its superior stability to temperature. The electrical & electronics applications of methyl silicone resins include resistor coating, surface damp proofing, and others.
Methyl Silicone Resins: Regional Outlook
From the geographical view, the Asia-Pacific region remains the key consumer and producer of the Methyl Silicone Resins industry. The Asia-Pacific region is estimated to dominate across the globe and register robust growth in the coming years. Europe is accounted to be the second-largest consumer for the methyl silicone resins market, followed by North-America. Furthermore, Latin America is projected to witness steady growth in the global market in the upcoming years. Owing to the growing consumer proclivity and urbanization in the developing countries. Middle East & Africa is expected to register healthy growth in the market of the automotive industry in the coming years. Owing to the growing need for industrialization, which is also expected to contribute to market growth.
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Methyl Silicone Resins: Competitive Landscape
Methyl Silicone Resins market is evolving as the scope of applications is increasing over the years. The market is consolidated in nature, with the shares distributed among the key players. The companies offer products for specific applications. With the rise in demand, the new product development, merger & acquisitions, and investment & expansion strategies are estimated to offer growth potentials in the global Methyl Silicone Resins market during the forecast period.
Methyl Silicone Resins Market: Segmentation
By Product Type (Revenue, USD Million; Volume in Kilotons, 2017–2027)
By Application Type (Revenue, USD Million; Volume in Kilotons, 2017–2027)
• Paints and Coatings
• Electrical and Electronics
• Consumer goods
By Region (Revenue, USD Million; Volume in Kilotons, 2017–2027)
o South Korea
o Rest of APAC
o Rest of Europe
• Middle-East and Africa
o Saudi Arabia
o South Africa
o Rest of MEA
• Latin America
o Rest of LATAM
Methyl Silicone Resins Market: Market Participants
• Dow Chemical Company
• Wacker Chemie AG
• Elkem (a Bluestar company)
• Siltech Corporation
• SiSiB Silicones (PCC Group)
• Jiang Xi Xin Jia Yi New Materials Co. Ltd.
• Lota Silicone Oil (Anhui) Co. Ltd.
• Hubei Jia Yun chemical technology Co. Ltd.
• Genesee Polymers Corporation
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