The global silicon resins market is estimated to exhibit a modest CAGR during the forecast period (2019-2025). The increasing use of silicon resins in a wide range of end-user industries including automotive, building and construction, and personal care & cosmetics among others is one of the major factors to drive the growth of the global silicon resins market. Enhanced thermal stability, weathering resistance, low surface tension, maintaining elasticity at low temperatures, hydrophobicity, surface activity, release, and lubricating properties are some of the key characteristics of silicon resins that make them suitable for use in different industrial application.
The chemical properties of the synthetic resins including high thermal stability in the range 300 to 500°C, mechanical strength, and adhesion to the metals make them suitable fit for the coating of the automotive parts. The coating of the silicon resins facilitates the protection of automobile parts from the corrosion and other damages, hence, doubles the lifetime of the automobile. The growing automobile industry across the globe is creating the demand for silicon resins for the coating purpose, thereby contributing towards the growth of the silicon resins market across the globe.
The dielectric properties of the silicon resin make them suitable for different applications in the electrical & electronic industry, particularly in offering electrical insulation that is exposed to high temperatures and as encapsulating materials for electronic devices. In addition, silicon resins are used for the potting of the circuits that contain delicate components such as ferrites or those with fragile legs. Therefore, the growing electric and electronic industry is expected to make a huge contribution to the growth of the global silicon resin market.
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Global Silicon Resins Market Segmentation
By Application
- Building & Construction
- Personal Care & Cosmetics
- Electrical & Electronics
- Automotive
- Others
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