Growing demand for coatings and adhesives drives the MQ Resin Market

MQ Resin Market Overview

Product Overview and Scope of MQ Resin

MQ resin is a type of silicone resin that is made up of a broad range of hydrolytic condensation products of monofunctional silane (M) and tetra-functional silane (Q). MQ resins are very useful in use as pressure-sensitive adhesives,1-6 silicone rubbers, coatings, and additives. Furthermore, MQ resin is appropriate for use as a coating or adhesive agent due to its high adherence characteristics. It may form a strong and long-lasting bind with a variety of substrates, such as metals, polymers, glass, ceramics, and fabrics. It also offers exceptional chemical resistance, including resistance to acids, bases, solvents, and oils, and stability at high temperatures. This makes it suitable for applications that require exposure to harsh environments or extreme temperatures. MQ resin is used in packaging materials, such as films and coatings, to enhance their barrier properties against moisture, gases, and contaminants. It helps in preserving the freshness and quality of packaged products. Furthermore, cosmetic and personal care items often contain MQ resin, it is utilized in formulations for skincare, cosmetics, and hair care products to improve texture, offer film-forming qualities, and increase product stability.
MQ resin has the capacity to develop a thin, shielding film on surfaces, providing barrier qualities against pollutants, gases, and moisture. This quality makes it beneficial for uses including sealing, encapsulating, and protective coatings. Additionally, MQ resin has strong weathering resistance, including resistance to UV rays, oxidation, and environmental degradation. This enables it for outdoor applications where long exposure to sunshine and adverse conditions is anticipated.

Global MQ Resin Market Scope

Type

• Me Silicone MQ resin
• Vi Silicone MQ resin
• Methyl hydrogen MQ resin
• Methyl phenyl MQ resin
• Other

Application

• Silicon Rubber
• Personal Care
• Modifying Agents

Global MQ Resin Market Player List

• Dow Inc.
• Wacker Chemie AG
• Milliken & Company
• Siltech Corporation
• Grant Industries Inc.
• Momentive Performance Materials Inc.
• Shandong Dayi Chemical Co., Ltd.
• Guangzhou Xibo Chemical Technology Co., Ltd
• Hubei Jiayun Chemical Technology Co., Ltd.
• Shin-Etsu Chemical Co., Ltd.
• Jiaxing United Chemical Co., Ltd.
• KCC Silicone Corporation
• Genesee Polymers Corporation
• Shanghai Youlong Industry Development Co., Ltd. (ASDA)
• Chengdu Chenguang Boda Rubber & Plastic

MQ Resin Market – Global Industry Analysis

Market Drivers

• Growing demand for coatings and adhesives

The rising demand for high-performance coatings and adhesives in industries such as automotive, construction, and industrial applications is driving the growth of the MQ Resin market. MQ Resin offers excellent adhesion, heat resistance, weather condition, and chemical resistance, making it a popular choice in these applications. In the transportation sector, adhesives, and coatings demand is growing for lightweight and low-carbon-emitting vehicles. 
Coatings and adhesives require high-performance materials that offer durability, and chemical resistance. MQ Resin possesses these desirable properties making it a perfect component for formulating high-performance coatings and adhesives. It improves the performance and longevity of the final product. Coatings and adhesives need to withstand harsh environmental conditions, including high temperatures and exposure to chemicals. This resin exhibits exceptional thermal stability and resistance to chemicals, offering protection and durability to coated surfaces or bonded joints. This makes it well-suited for applications that require resistance to heat, moisture, and corrosive substances.

Commercial vehicle production volume worldwide (2018-2022)

Source: Cognitive Market Research

• Increasing adoption of personal care products 
• Rapid industrialization across worldwide

Global MQ Resin Manufacturers Profiles/Analysis

Dow Inc.

Dow Inc. Company Basic Information, and Sales Area

Business Segment/ Overview:

Dow Inc. is a US-based chemical company. It conducts its operations through six global business operating segments including Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings.
The Packaging & Specialty Plastics operating segment consists of two businesses such as Hydrocarbons & Energy and Packaging and Specialty Plastics. Ethylene, propylene, benzene, Butadiene, Acrylics, bio-based plasticizers, copolymer, elastomers, ethylene copolymer resins, and others.

Investment in Research and Development 

Research and development costs incurred and charged to income for the fiscal years ended December 31, 2021, and 2020 were $857 million and $768 million respectively.

Dow R&D Investment (USD Million) (2020-2021)

Source: Cognitive Market Research

Dow Net Sales, By Region (2020-2021)
Source: Cognitive Market Research

Business Strategy

Dow has done significant investments in R&D to enhance its product portfolio. For instance, it has launched the next generation of Fast Flow Light Resin Transfer Molding to deliver innovative Light RTM for the transportation industry. The company has planned to make investments over the next several years to enhance competitiveness in the company’s polyurethanes & construction chemicals and industrial solutions businesses.