Acrylic Polysiloxane Hybrid Market Size (2024 – 2030)

In 2023, the Acrylic Polysiloxane Hybrid Market was valued at $374.31 Million and is projected to reach a market size of $509.39 Million by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 4.5%.

INDUSTRY OVERVIEW

Acrylic Polysiloxanes are hybrid resins that are made by combining inorganic polysiloxane with organic components of acrylic resin. In addition to enhancing the coated object's appearance and minimizing maintenance costs, they offer long-term durability. Buildings, bridges, and other structures need to be strong, but they also need to have great stain resistance against airborne particulate matter, or else cleaning and repainting will only be necessary for a limited period. Fluoropolymers, a common resin for high weather resistance paints, nevertheless have issues with stain resistance. Additionally, there is a movement toward stricter controls regarding the usage of fluorinated substances on the market. These issues are resolved by the organic-inorganic hybrid resins known as acrylic polysiloxane, which are external coating resins that don't require regular care but yet maintain a pleasing look. There is a large variety of materials available, including waterborne, solvent-borne, and UV curable varieties, to satisfy different requirements, including laws prohibiting the use of solvents, the environment for coating, applications, and substrates.

Polysiloxane, often known as silicon polymer, is an inorganic polymer without carbon atoms in its backbone. Inorganic silicon-based polymers are employed as coating binders in polymer coatings because they have a natural resistance to oxidation, UV radiation, and temperature. Many reasons, including rising industrial and protective coating usage, numerous applications in the healthcare sector, and rising use in optoelectronic applications, are propelling the market for polysiloxane. A common inorganic compound used in oil and gas, electronics, paints and coatings, tanks and pipelines, and maritime industries is polysiloxane. The worldwide polysiloxane market is being driven by the rising demand from the paints, coatings, and energy industries. The market value of coatings is reportedly rising globally, which is causing a growth element for the polysiloxane industry, according to Coatings World. However, the incompatibility of polysiloxane with some additives may limit its widespread application in a variety of end-use sectors, which may limit the market's rapid expansion.
COVID-19 IMPACT ON THE ACRYLIC POLYSILOXANE HYBRID MARKET

The expansion of the polysilicon polymers market has slowed to some level as a result of the hurdles that COVID-19 has thrown at several industries, particularly the chemical industry. The massive financial pressure and the imbalance between the supply and demand ratio have left the global economy in shambles. However, owing to the robust government backing in the form of investments in R&D activities, the size of the global organosilicon polymers market is estimated to keep growing.

MARKET DRIVERS: 

Growing demand for Polysiloxane in paints and coatings application

Roads, bridges, public parks, rail, etc. regularly experience persistently poor conditions. Polysiloxane coatings are recognized for their capacity to shield these structures from high temperatures, fire, corrosion, and abrasion while also improving their longevity and visual appeal. Given its comparatively cheaper cost, simplicity of production, and mechanical strength, mild steel has continued to be the most popular metal used in railway construction. The metal's propensity to corrode fast under unfavorable environmental conditions, however, is a significant disadvantage. Without adequate protection, the metal's strength quickly declines, leading to structural collapse. In light of its anti-corrosive qualities, polysiloxane coatings are becoming a feasible option for rail construction.

The upward trend of usage in the healthcare industry is fueling the market growth

There is a lot of use of Polysiloxane in the healthcare sector as well because of its special qualities combining bio durability and biocompatibility. Due to a number of material characteristics, including low surface tension, chemical and thermal stability, and hydrophobicity, it has a remarkable level of endurance. As a result, it aids in preventing blood clogging for extended periods and is utilized to make silicone-coated syringes, needles, and numerous other blood-collection tools. As a result, the acrylic Polysiloxane hybrid market is witnessing growth due to the aforementioned factors.

MARKET RESTRAINTS:

The toxicity of polysiloxane is a major factor that may impede market development. It is impossible to generalize regarding non-toxic behavior for several poly-siloxanes, including polydimethylsiloxane (PDMS). Ionic migration, toxicity, and absorption in both the human and animal bodies are influenced by the structure and size of the molecule. The silicones' safety is a more pressing concern, particularly when it comes to interaction with people, kids, and babies. Throughout the projected period, the market expansion is anticipated to be constrained by polysiloxane’ s toxicity.

ACRYLIC POLYSILOXANE HYBRID MARKET REPORT COVERAGE:

This research report on the Acrylic Polysiloxane Hybrid Market has been segmented and sub-segmented based on Application, End- Use and By Region.

ACRYLIC POLYSILOXANE HYBRID MARKET – BY APPLICATION

• Medical

• Paints & Coatings

• Inorganic Polysiloxane

• Epoxy-Polysiloxane Hybrids

• Acrylic-Polysiloxane Hybrids

• Adhesives & Sealants

• Elastomers

• Organo-electronic Materials

• Fabrics

• Others

Based on the application the acrylic polysiloxane hybrid market is segmented into Medical, Paints & Coatings, Inorganic Polysiloxane, Epoxy-Polysiloxane Hybrids, Acrylic-Polysiloxane Hybrids, Adhesives & Sealants, Elastomers, Organo-electronic Materials, Fabrics and Others. The polysiloxane market was dominated in 2021 by the Paints & Coatings sector. Polysiloxane paints and coatings are prevalent among other coating materials and are gaining popularity as practical protective and industrial coating solutions due to their distinctive chemical properties and strong chemical structure, which results in superior long-term color retention, and glossy effect, resistance against chalking, fading, and corrosion. They are employed in a variety of settings, including those related to the industry, the armed forces, leisure, and other infrastructural uses, including those involving roller coasters, boats, water tanks, oil platforms, bridges, smokestacks, and other structures. During the projected period, growth in the market is anticipated to parallel the expansion of these industrial applications.

ACRYLIC POLYSILOXANE HYBRID MARKET - BY END-USER

• Healthcare

• Oil & Gas

• Power

• Commercial Infrastructure

• Transportation

• Electronics

• Food & Beverage

• Textile

• Personal Care & Cosmetics

• Others

Based on the end-use the acrylic polysiloxane hybrid market is segmented into Healthcare, Oil & Gas, Power, Commercial Infrastructure, Transportation, Electronics, Food & Beverage, Textile, Personal Care & Cosmetics and Others. In 2021, the category of polysiloxane owned a sizable market share for organo-electronic materials. Due to their good solubility, film-forming capacity, excellent heat radiation, fair adhesion to a variety of substrates, non-toxic qualities, superior thermal and chemical resistivity, and low dielectric constants, polysiloxanes are used in the production of organic light-emitting diodes (OLEDs), electrical memories, liquid crystalline materials, and solar cells. The use of polysiloxane in organ electronic materials is anticipated to rise throughout the projected period as a result of these encouraging growth trends. OLED materials are seeing an extraordinary increase in demand of more than 15%. For its iPhone screen, Apple Inc. used OLED. Over the forecast period, the adoption rate of OLED is predicted to be 50%, thanks to this planned acceleration and adoption. Another firm, LG Display, has made the decision to boost its OLED television manufacturing capacity by 10 million units by the year 2022. This is a six-fold increase from the company's capacity in 2017, which was 1.7 million. Polysiloxane usage is anticipated to rise over the next years because of the extraordinary OLED adoption rate. The demand for acrylic polysiloxane in organo-electronic materials is anticipated to rise throughout the projected period as a result of this favorable trend.

ACRYLIC POLYSILOXANE HYBRID MARKET - BY REGION

• North America

• Europe

• The Asia Pacific

• Latin America

• The Middle East

• Africa

By region, the Acrylic Polysiloxane Hybrid Market is grouped into North America, Europe, Asia Pacific, Latin America, The Middle East and Africa.  The enormous pool of strong competitors that engage in tactics like expansions, R&D, acquisitions, partnerships, and the launch of new products are significantly responsible for Asia Pacific's 40% market share, which leads the world. In addition to making significant investments in R&D, businesses in China and India are seeking to strengthen their positions as a result of the countries' brisk industrial expansion, which also raises the value of the market. The growth of the manufacture of electronics, elastomers, medical devices, sealants and adhesives, and other products also contributes to the market size for polysiloxane hybrid polymers. Due to consistent investments and helpful administrations in the area, many businesses are growing. Sales of a wide range of electronic devices, including smartphones, tablets, OLED TVs, cables, and wires, are increasing in China, which is renowned as the world's largest electronics production center. Additionally, the substantial increase in the disposable incomes of the nation's steadily growing middle-class population would support the market share of acrylic polysiloxane hybrid polymers in the years to come.

In light of the increase in technological advancements, as well as the expanding construction and automotive sectors, Latin America and the Middle East and Africa are among the fastest-growing emerging markets. Polysiloxane producers are sure to find profitable prospects thanks to these areas' rapid expansion in the upcoming years

ACRYLIC POLYSILOXANE HYBRID MARKET - BY COMPANIES

Some of the major players operating in the Acrylic Polysiloxane Hybrid Market include:

1. 3M

2. AKZO NOBEL N.V.

3. EVONIK INDUSTRIES AG

4. MERCK KGAA

5. SHERWIN-WILLIAMS COMPANY

6. BIRO TECHNOLOGY INC.

7. BYK-CHEMIE GMBH

8. DAMPNEY COMPANY INC.

9. GELEST INC.

10. HUNTSMAN CORPORATION

11. RELTEK LLC

12. RESTEK CORPORATION

13. WACKER CHEMIE AG

14. OTHERS

NOTABLE HAPPENING IN THE ACRYLIC POLYSILOXANE HYBRID MARKET

• EXPANSION- Wacker Chemie A.G. announced plans to progressively increase its capacity for silicone rubber at numerous facilities in December 2018 to reach around 44,000 metric tons by 2022.

• COLLABORATION- A joint venture between Evonik Industries and the Chinese business Wynca was established in August 2018. Evonik will own 60% of the new firm, which will make fumed silica sold under the trade name AEROSIL®. Transparent silicones, coatings, paints, contemporary adhesives, as well as non-combustible high-performance insulating materials, all employ the product.

• PRODUCT LAUNCH- High-solids, high-gloss polysiloxane for extremely corrosive settings was introduced by Sherwin-Williams.