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Silicone Rubber Insulation Coating Market Trends

Report ID: GMI6768
Published Date: Sep 2023
Report Format: PDF

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Silicone rubber insulation coating Market Trends

Growing emphasis on sustainable and energy-efficient building practices is driving the demand for silicone rubber insulation coatings that contribute to better thermal and energy performance. Industries such as automotive, aerospace, and electronics require silicone rubber insulation coatings with exceptional high-temperature resistance to protect sensitive components and wiring.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for silicone rubber insulation coating was USD 3.5 billion in 2022 and will reach USD 5.9 billion by 2032 due to widespread usage in the electrical sector, particularly for high-voltage applications worldwide.

Silicone rubber insulation coating industry from the room temperature vulcanizing type segment recorded USD 2.4 billion in 2022 on account of their ease of application and the reduced need for special curing processes.

U.S. industry size for silicone rubber insulation coating reached USD 1.8 billion in 2022 owing to the need for weather resistance and building protection from harsh climates, including extreme temperatures and UV exposure.

Dow Corning Corporation (Now part of Dow Inc.), Momentive Performance Materials Inc., Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Evonik Industries AG, and Elkem Silicones are some of the major silicone rubber insulation coating companies worldwide.