Global Silicone Rubber Waterproof Coating Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Single-component Silicone Coatings, Two-component Silicone Coatings, Modified Silicone Coatings, Heat-cured Silicone Coatings, and Room Temperature Vulcanizing (RTV) Silicone Coatings), By Application (Construction and Building, Aerospace and Defense, Automotive, Electronics, Marine, Medical Devices, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035

Global Silicone Rubber Waterproof Coating Market Insights Forecasts to 2035

• The Global Silicone Rubber Waterproof Coating Market Size Was Estimated at USD 1.67 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 7.5% from 2025 to 2035
• The Worldwide Silicone Rubber Waterproof Coating Market Size is Expected to Reach USD 3.70 Billion by 2035
• North America is expected to grow the fastest during the forecast period.

According to a research report published by Spherical Insights and Consulting, the global silicone rubber waterproof coating market size was worth around USD 1.67 billion in 2024 and is predicted to grow to around USD 3.70 billion by 2035 with a compound annual growth rate (CAGR) of 7.5% from 2025 to 2035. The market for silicone rubber coatings is expanding due to the surge in construction projects, heightened need for long-lasting, weatherproof and energy-saving materials, greater consciousness about moisture defense and growing usage in industries such as automotive, electronics and marine.

Market Overview

The worldwide silicone rubber waterproof coating industry refers to the sector manufacturing coatings made from silicone polymers intended to offer water resistance, UV protection, thermal endurance and long-lasting performance for multiple surfaces. These coatings find application in construction for roofs, building exteriors, walls and infrastructure developments as well as in industrial sectors such as automotive, marine and electronics to shield against moisture, corrosion and environmental harm. Market growth is primarily driven by increasing construction activities, rising demand for energy-efficient and long-lasting building materials, and growing awareness of maintenance and waterproofing requirements.

In March 2025, the Bureau of Indian Standards (BIS) published revised waterproofing guidelines with IS 12027 (Part 1) 2025, Water Repellents Specification, Part 1 Silicone Based. This establishes a standard for silicone-based water-repellent coatings used in construction, offering builders an authorized choice. The revision is anticipated to boost the demand for silicone coatings in both residential and commercial waterproofing works throughout India. There are prospects in creating friendly low-VOC and innovative formulations alongside growth potential in rapidly urbanizing emerging markets. Major companies in this sector, such as Dow Inc., Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., PPG Industries, 3M Company and Axalta Coating Systems, through for market dominance by focusing on innovation, strategic alliances and extensive global distribution channels.

Report Coverage

This research report categorizes the silicone rubber waterproof coating market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the silicone rubber waterproof coating market. Recent market developments and competitive strategies, such as expansion, type launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the silicone rubber waterproof coating market. 

Driving Factors

The worldwide silicone rubber waterproof coating market is mainly propelled by the expansion in construction and infrastructure industries, where there is increasing demand for sturdy, weatherproof and energy-saving materials. Silicone coatings provide water resistance, UV protection, thermal durability and flexibility, making them suitable for roofing, facades and outer surfaces. Growing awareness of building upkeep, moisture damage prevention and the requirement for durable solutions additionally drives market acceptance. Furthermore, the rise in uses, in areas like automotive, electronics and marine industries, coupled with progress in advanced silicone formulations, is driving global demand growth.

Restraining Factors

The silicone rubber waterproof coating market is restrained by high production and application costs, competition from cheaper alternatives such as acrylic or polyurethane coatings, complex application requirements, regulatory restrictions on chemical emissions, fluctuating raw material prices, and limited awareness of long-term benefits in developing regions.

Market Segmentation

The silicone rubber waterproof coating market share is classified into product type and application.  

• The single-component silicone coatings segment dominated the market in 2024, approximately 32% and is projected to grow at a substantial CAGR during the forecast period.

Based on the product type, the silicone rubber waterproof coating market is divided into single-component silicone coatings, two-component silicone coatings, modified silicone coatings, heat-cured silicone coatings, and room temperature vulcanizing (RTV) silicone coatings. Among these, the single-component silicone coatings segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. This segment is growing due to its application, self-hardening feature and lower labour requirements at construction locations. The increasing use of rapid-application waterproofing in housing, industrial and extensive developments further elevated its demand. Its smooth finish, adaptability to temperature changes and suitability for surfaces, combined with the desire for long-lasting, durable coatings, strengthened its leading role in contemporary construction.

• The construction and building segment accounted for the highest market revenue in 2024, approximately 35% and is anticipated to grow at a significant CAGR during the forecast period.

Based on the application, the silicone rubber waterproof coating market is divided into construction and building, aerospace and defense, automotive, electronics, marine, medical devices, and others. Among these, the construction and building segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. This segment led the market due to its extensive use in rooftops, exterior walls, insulation layers, joints, and prefab structures requiring long-term waterproofing. Its flexibility, UV resistance, and thermal stability made it effective for new builds and renovations. Demand grew with the push for moisture-free, energy-efficient, low-maintenance structures, while broad surface compatibility and long service life sustained its outlook.

Regional Segment Analysis of the Silicone Rubber Waterproof Coating Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the silicone rubber waterproof coating market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the silicone rubber waterproof coating market over the predicted timeframe. The Asia Pacific region is anticipated to have a 45% market share of the silicone rubber coating market owing to swift urban growth, increased construction activities and significant infrastructure investments. Demand is propelled by China, India, Japan and South Korea through residential, commercial and industrial developments. China spearheads with smart-city programs, whereas India’s expansion, in housing and infrastructure, elevates usage. Japan and South Korea add value with cutting-edge building techniques and refurbishment efforts. In 2025, Australia put forward revisions to the National Construction Code, enhancing waterproofing and water diversion requirements, broadening the scope to include roofs, walls and drainage systems and eliminating exemptions to minimise water-infiltration issues.

North America is expected to grow at a rapid CAGR in the silicone rubber waterproof coating market during the forecast period. North America is projected to 27% market share in the silicone rubber waterproof coating sector, driven by rising renovation projects, stringent building protection regulations and increasing use of high-performance waterproofing products. The U.S. Fuels market demand through commercial developments, upgrades to ageing infrastructure, and the broad implementation of advanced roofing solutions. Canada adds to this growth with a rise in construction and the need for weather-resistant durability. The intensified emphasis on energy-efficient building envelopes and expanded adoption of silicone-based technologies underpins robust growth momentum in the region.

Europe’s silicone rubber waterproof coating market is growing due to rising renovation needs, strict EU building performance regulations, and increased adoption of durable, energy-efficient materials. Germany drives demand through extensive infrastructure upgrades and industrial construction. The U.K. and France contribute with strong housing refurbishment activity, while Italy and Spain rely on weather-resistant solutions for ageing structures. Growing emphasis on long-life, low-maintenance waterproofing supports steady regional expansion.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the silicone rubber waterproof coating market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Wacker Chemie AG
• PPG Industries
• Dow Inc.
• Shin-Etsu Chemical
• Elkem ASA
• 3M Company
• Sika AG
• Henkel
• AkzoNobel
• Tremco CPG
• The Sherwin-Williams Company
• BASF SE
• Evonik Industries
• Axalta Coating Systems
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In September 2025, Elkem ASA (ELK) announced a silicone circularity breakthrough, validating a mechanical recycling process for High Consistency Rubbers (HCR). This innovation allows recycling of crosslinked HCR waste into new formulations, achieving over 50% re-incorporation while maintaining excellent mechanical properties, advancing sustainable silicon-based material solutions.

• In August 2025, WACKER’s SILMIX, a high-consistency silicone rubber (HCR) brand, serves industries including energy, automotive, aerospace, medical, food, electronics, and textiles. Offering customized solutions, SILMIX ensures exceptional performance, safety, and reliability, meeting the most demanding industrial requirements with versatile, high-quality silicone rubber compounds.

• In May 2025, AkzoNobel launched a thermal insulation coating system in China to reduce building temperatures and improve energy efficiency. Featuring a radiative cooling topcoat and thermal radiation barrier mid-coat, the system acts as a building sunscreen, lowering surface temperatures by up to 10% compared to traditional coatings.

• In March 2025, Sherwin-Williams Protective & Marine expanded its Global Core product line, providing consistent coating quality and performance worldwide. These universal products ensure compatibility, color matching, and reliable performance, giving asset owners, engineers, specifiers, and applicators confidence across projects spanning multiple regions.

• In August 2024, PPG launched PPG PITT-THERM 909, a silicone-based spray-on insulation (SOI) coating. Designed for high-heat environments in oil, gas, chemical, and petrochemical industries, it enhances safety, asset protection, and operational efficiency, offering superior performance over traditional thermal insulation materials in critical infrastructure applications.

• In March 2024, Dow showcased advanced solutions for doors and window facades at the 30th New Door and Window Curtain Wall Expo. The company launched China’s first silicone glue for curtain walls, including structural silicone adhesives, insulating glass adhesives, and weather-resistant sealants for building applications.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the silicone rubber waterproof coating market based on the below-mentioned segments:  

Global Silicone Rubber Waterproof Coating Market, By Product Type

• Single-component Silicone Coatings
• Two-component Silicone Coatings
• Modified Silicone Coatings
• Heat-cured Silicone Coatings
• Room Temperature Vulcanizing (RTV) Silicone Coatings

Global Silicone Rubber Waterproof Coating Market, By Application

• Construction and Building
• Aerospace and Defense
• Automotive
• Electronics
• Marine
• Medical Devices
• Others

Global Silicone Rubber Waterproof Coating Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa