The Global Silicone-Modified Polyester Resin Market size is projected to grow from USD 3.5 billion in 2017 to USD X.X billion by 2028, at a CAGR of 5%. The major drivers for this growth are the increasing demand for silicones with properties such as high modulus and low dielectric constant in industries such as building and construction, metal appliances, non-stick pans, screen printing, and glass coating.
Silicone-modified polyester resin is an epoxy-functional material that contains silicon atoms. These materials are usually used for their adhesive, cohesive, and sealing properties in the adhesives industry. The properties of silicone-modified polyester resins are similar to other resin systems. The only difference is the addition of a high molecular weight organopolysiloxane, which can be in any form - liquid or solid. The benefits of silicone-modified polyester resin include: increase the flow of coating materials, eliminate water problems in aqueous coatings & improve their wetting properties.
On the basis of Type, the global silicone-modified polyester resin market is segmented into 50% silicone, 30% silicone, and 80% silicone.
50% silicone-modified polyester resin is a type of additive. It’s an organic compound that contains silicon, oxygen, and carbon atoms in its chemical structure. For this reason, it belongs to the family of silicones, which are considered synthetic or man-made materials. 50% Silicone type silicone-modified polyester resin is the most versatile product in the market. It has excellent adhesion, flexibility, and mechanical properties along with very good chemical resistance to different solvents, acids, and alkalis.
30% silicone type is composed of 30% weight percent of polyester resin, and the other 70% is made up of silica. It has an excellent heat resistance that makes it perfect for the coil coating industry where high-temperature performance is required. The 30% silicone type of silicone-modified polyester resin offers key features such as High-temperature resistance, High Tg values, and excellent mechanical properties.
80% silicone type resins are the most widely used in all polyester resin applications. 80% Silicone Resin is a copolymer of an unsaturated polybasic acid and one or more vinyl aromatic monomers, with minor amounts (less than 50%) by weight of other copolymeric materials such as acrylic esters, alkyl acrylate cross-polymers, tackifying resins, rubbers, and so on. The main reason behind its wide application is that it has high impact resistance with good adhesion to metallic substrates like aluminum alloy sheets.
On the basis of Application, the global silicone-modified polyester resin market is segmented into Coil Coating, Building, Metal Appliances, Non-Stick Pans, and Screen Printing.
Silicone-modified polyester resin is used in Coil Coating to improve the anti-corrosion property of the coil coating. Silicone content helps prevent water incursion and enhances adhesion properties, leading to a better end product. These resins help provide protection from rusting, staining, or discoloration resulting from corrosion on metal substrates such as steel coils for transportation purposes. In addition, it also provides wear resistance during transit and storage by providing film integrity against abrasion damage caused by handling processes. The demand for silicone-modified polyester resin in Coil Coating will increase due to its ability to enhance anti-corrosion performance over untreated surfaces including galvanized steel products that have been painted with latex paint containing no rust preventative.
Silicone-modified polyester resin is used in the building sector for coating applications. The silicone-modified polyesters are ideal to perform well on various substrates like wood, metal, and concrete without any primer coatings. This helps in speedy construction works with lower energy consumption than traditional methods of painting buildings. This resin has many benefits like it is applied in thin coats to reduce surface glare, imparting a high gloss finish, and provides resistance against chemicals. The resins are used for exterior coatings on pre-painted metal panels which require paint coatings with weather-resistant properties. They can also be used as a primer coating over bare metals or concrete substrates where the final finishing will be an epoxy/polyurethane system. Silicone polyester helps provide better adhesion between layers of coatings by forming strong chemical bonds with other coating systems apart from having good water & corrosion resistance property making them ideal for marine applications too.
Silicone-modified polyester resin is used in metal appliances such as pans, kitchenware, and bakeware. The product reduces the surface tension of water which prevents sticking to the products when cooking or baking food items. Owing apart from metal appliance applications, silicones are also used for coating coils in industrial applications where they reduce corrosion and increase longevity by protecting against heat degradation.
Silicone-modified polyester resin is the polymerization of a certain type of silicone and an epoxy resin, which give it many different properties. One such property that makes them ideal for use in Non-Stick Pans is their high heat resistance. This allows Silicone to withstand temperatures up to 350 degrees Fahrenheit without melting or deteriorating with age. In addition, they have good chemical stability at high temperatures as well as being able to stop food from sticking onto cooking surfaces.
Silicone-modified polyester resin is used as a binder in the screen printing industry. Silicones and acrylics are applied to create screens for stenciling on textiles, paperboard, and plastic films. Silicone-modified polyester resin is extensively used in screen printing, as it has the ability to form a thin and even film that can be applied on various substrates easily. It also helps in providing good adhesion of ink with a substrate which results in clear print quality. Apart from this, its high durability properties are useful for long-lasting prints.
On the basis of Region, the global silicone-modified polyester resin market is segmented into North America (U.S., Canada), Latin America (Brazil), Europe (Germany UK France Italy Spain, etc.), Asia Pacific(China India Japan South Korea Australia New Zealand) & Middle East & Africa). The North American market for the silicone-modified polyester resin is expected to witness growth in the near future. The region has rapidly growing industries such as metal, glass manufacturing, and construction due to which there will be increased demand for these resins. In Latin America, Brazil is the largest revenue generator for the silicone-modified polyester resin market. Brazil's silicone-modified polyester resin market is expected to grow at a substantial growth rate during the forecast period. Brazil's fast-growing construction industry and rise in demand for nonstick cookware are likely to drive the silicones market over the next few years. Silicone-modified polyester resin in Europe is expected to account for over 32% share of the overall silicone-modified polyester resins market in 2019. Germany, UK, and France are among the largest European markets for silicone-modified polyester resin which will contribute significantly towards regional revenue generation through 2028.
There are several factors driving the growth of the silicone-modified polyester resin market globally. For instance, an increase in demand for liquid silicone rubber (LSR) resins is likely to boost the sales of these products significantly over the next few years. Furthermore, increased penetration of thermoplastic elastomer into various end-use industries such as automotive and construction applications will aid manufacturers to offer an enhanced product portfolio that can meet customers' demands with ease. Also, increasing R&D activities by key players is likely to create an impact on the global silicone modified polyester resin industry's dynamics significantly during the forecast period from 2019-2028.
Up Market Research published a new report titled “Silicone Modified Polyester Resin Market research report which is segmented by Types (50% Silicone, 80% Silicone, 30% Silicone), By Applications (Coil Coating, Industry, Building, Metal Appliances, Non-Stick Pans, Screen Printing, Glass), By Players/Companies Vicwest Building Products, Dura Coat Products, Eternal Materials, GEO Specialty Chemicals, Metal Coaters, Evonik Industries, The Valspar, Royal Gent Industrial, GrandTek Materials, PPG Industries”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Silicone Modified Polyester Resin Market Research Report|
|By Type||50% Silicone, 80% Silicone, 30% Silicone|
|By Application||Coil Coating, Industry, Building, Metal Appliances, Non-Stick Pans, Screen Printing, Glass|
|By Companies||Vicwest Building Products, Dura Coat Products, Eternal Materials, GEO Specialty Chemicals, Metal Coaters, Evonik Industries, The Valspar, Royal Gent Industrial, GrandTek Materials, PPG Industries|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||244|
|Number of Tables & Figures||171|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 50% Silicone, 80% Silicone, 30% Silicone and By Application Coil Coating, Industry, Building, Metal Appliances, Non-Stick Pans, Screen Printing, Glass.
Some of the companies that are profiled in this report are:
Silicone Modified Polyester Resin Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Silicone Modified Polyester Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Silicone Modified Polyester Resin Market Report:
Some other reports from this category!