Silicone Sealants-Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Silicone Sealants Market is accounted for $3.78 billion in 2020 and is expected to reach $6.85 billion by 2028 growing at a CAGR of 7.7% during the forecast period. Increasing demand from buildings and construction and increasing substitution of organic sealants with silicone based sealants are the major factors driving the market growth. However, stringent environmental regulations are restraining the market growth.
Silicone sealants are adhesive materials that find valuable are uses as sealants in various industry verticals. It differs in elasticity and strength as these sealants are not the same as common adhesives. The sealants, when applied between substrates with different elongation rates under pressure or thermal expansion coefficients, need satisfactory elongation and flexibility. Silicone sealants are perfect for plasma spray tapes, bonding, high temperature masking, flexible printed circuit laminates and electric and thermal insulation. In order to deliver the required flexibility and elongation silicone sealants generally hold inert fillers and are formulated in conjunction with an elastomer.
Based on technology, the room temperature vulcanizing (RTV) segment is estimated to have a lucrative growth due to consumption in the construction industry. It is highly adapted in the construction industry, as, they provide longer protection against ultraviolet degradation, extreme environmental conditions, stress, and thermal and mechanical shock.
By geography, Asia Pacific is going to have high growth during forecast period due to rising demand from end user industries in the region such as automotive, construction, and electronics among others. Rapid industrialization, rising gross domestic product, growing disposable income and purchase parity in emerging economies such as India and China is expected to complement growth of the silicone sealants market in the region. Since industrial economic countries like South Korea, Japan, Singapore, India, China, Taiwan, Thailand and Singapore, Japan are located in Asia Pacific region are estimated to propel the region’s market share.
Some of the key players profiled in the Silicone Sealants Market include Bostik (Arkema Group), Dow, H.B. Fuller, Henkel Corporation, Huntsman International LLC, Mapei, Shin-Etsu Chemical Company, Sika AG, The 3M Company, Tremco Incorporated, Wacker Chemie AG, Litokol and BASF SE Company.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 6.85 billion
Tables, Graphs & Figures
Labeling Technique, Product, Application, End User, Treatment Type, Type, Method, Sales Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Nеutrаl Ѕіlісоnе Ѕеаlаnt
• Асеtіс Ѕіlісоnе Ѕеаlаnt
• Ѕtruсturаl Ѕіlісоnе Ѕеаlаnt
• Cure in Place Gasketing
• Elastomeric Silicone Rubber
• Free Flowing
• Lubricating Greases
• Ambient Temperature Vulcanizing,
• Pressure Sensitive
• Radiation Cured
• Room Temperature Vulcanizing (RTV)
• Thermoset or Heat Cured
• General Grade
• High Temperature Grade
• Natural Cure Grade
• Structural/ Architectural Grade
Cure Types Covered:
• Acetone Cure
• Acid Cure
• Neutral Cure
Curing Methods Covered:
• Acetoxy Cure
• Alkoxy Cure
• Oxime Cure
• Buildings & Construction
• Semiconductors & Electronics
• Aerospace and Defence
• Consumer Goods
• Heating, Ventilation, and Air Conditioning (HVAC)
• Industrial Assembly
• Insulating Glass
• Wood Furniture
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years (2019, 2020, 2021, 2025, and 2028)
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Silicone Sealants Market is majorly driven by increasing demand from buildings and construction and increasing substitution of organic sealants with silicone based sealants.
The room temperature vulcanizing (RTV) segment is growing at a highest CAGR owing to consumption in the construction industry.
North America dominated with a significant market share due to the factors such as increase in the demand for insulating glass in the region and owing to growing concerns pertaining to energy consumption.
Asia Pacific market is growing at a highest CAGR owing to rising demand from end user industries such as automotive, construction, and electronics among others in the region.
Key players in Silicone Sealants Market include Bostik (Arkema Group), Dow, H.B. Fuller, Henkel Corporation, Huntsman International LLC, Mapei, Shin-Etsu Chemical Company, Sika AG, The 3M Company, Tremco Incorporated, WackerChemie AG, Litokol and BASF SE Company.
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