Paints & Coatings to Account for ~1/3rd Share By 2027 End, On Back of Increasing Consumption of Silicate Binders for Coatings
The global market for ethyl polysilicate is estimated to grow at a CAGR of over 4% during the forecast period (2019-2027) to reach a valuation of over US$ 450 Mn. Ethyl polysilicates are used for the deposition of silicon acid produced by complete hydrolysis. The resulting silicic acid bonds well to many inorganic substrates, such as synthetic fibers, pigments, fillers, metal, ceramics, and glass. With highly intense coagulation and hardening properties, ethyl polysilicate has found its niche in dentistry for impression material. The high setting speed of ethyl polysilicate has led to accelerated demand of ethyl polysilicate in paints and coating sectors. High performance of ethyl polysilicate as a binding agent has increased consumption across several applications and will accelerate demand in short term forecast period.
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Cross-Linking Agent to Grow 1.5X, Says Fact.MR
The crosslinking agent segment is projected to capture one-third demand by 2027, at a CAGR of 3% between 2019 and 2027. Ethyl polysilicate has low VOC emissions and is environment-friendly and is increasingly being used as a crosslinking agent in cold-curing silicone rubber systems. Ethyl polysilicate as a crosslinking agent is highly consumed in industrial coating applications which include steel structures, concrete blocks, and others owing to high-temperature resistance benefits. Also, increased awareness of the advantages of cross-linking agents has further led to heightened demand in Asia-Pacific as infrastructural activities soar in the electronics, transportation, energy, automotive and industrial sectors.
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Asia Pacific to Account for More than 30% Demand
The market in Asia Pacific has achieved remarkable growth in recent years. China is the leading consumer of ethyl polysilicate, accounting for nearly one fifth of total world consumption. This growth is mainly attributed to the increasing use of crosslinking agents in industrial hubs. Asia Pacific is expected to grow substantially over the forecast period and represents a high potential opportunity for players in the industry. APAC market is projected to register a growth rate of ~ 5%, primarily due to increasing infrastructure activities in the automotive and industrial sectors in countries such as India and China. Substantial growth is expected in the Middle East and Asia Pacific market over the forecast period, as countries in these regions are focusing on modernizing infrastructure.
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Regulations to Minimize VOC Emissions to Hamper Ethyl Polysilicates Market Growth
Ethyl Polysilicate usually releases VOCs (volatile organic compound) when used as binders and cross-linking agents, which produce an unpleasant and strong odor that is harmful to both humans and the environment. World Painting and Coating Industry Association (WPCIA), which includes representation from countries, such as Brazil, U.S, Mexico, U.K, European Union, India, China, Canada, France, Japan and Germany, monitors and makes guidelines to reduce hazardous waste released and formed in decorative paints industries. Getting in sync with regulations from various government and non-government organizations, manufacturers are focused on introducing lower VOC ethyl polysilicates and utilizing it as an opportunity for revenue generation
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New Partnerships to be Key Imperative for Market Growth
Leading players of ethyl polysilicate, include COLCOAT and Wacker Chemie AG and Evonik Industries which account for 35% – 40% share in the global ethyl polysilicate market. Leading players in the ethyl polysilicate market are trending towards collaborations with emerging companies to enhance their market exposure. Also, companies can opt for a single raw material source as it could reduce time searching for vendors and negotiating prices. Development of ethyl polysilicate to increase its application will create new opportunities for manufacturers and drive growth of ethyl polysilicate market.
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Global Ethyl Polysilicate Market - Scope of the Report
The following report provides forecast and analysis of the global ethyl polysilicate market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Tons), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global ethyl polysilicate market along with several macro-economic indicators. This newly published and insightful report on ethyl polysilicate sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global ethyl polysilicate market.
The report also comprises the study of current issues with end users and opportunities for ethyl polysilicate. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of ethyl polysilicate manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the ethyl polysilicate market provided in the report adds to the credibility of this exhaustive research study.
Global Ethyl Polysilicate Market: In-Depth Assessment on Key Segments
The global ethyl polysilicate market is segmented on the basis of type, application, end-use industry and region.
This taxonomy and the detailed ToC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Country-specific assessment on demand for ethyl polysilicate has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous ethyl polysilicate manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major competitors operating in the ethyl polysilicate market are Evonik Industries AG, Wacker Chemie Ag, COLCOAT and others.
Global Ethyl Polysilicate Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the ethyl polysilicate market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the ethyl polysilicate market, which includes global GDP growth rate, paints and coating sector growth, chemical sector growth and others. This report serves as an authentic resource of intelligence on the ethyl polysilicate market, enabling the readers to take fact-based decisions on the future direction of their businesses.
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