Silicone Adhesives And Sealants Market
Silicone Adhesives And Sealants Market: Global Industry Analysis and Opportunity Assessment 2022-2032
Market Insights on Silicone Adhesives And Sealants covering sales outlook, demand forecast and up-to-date key trends
Silicone Adhesives And Sealants Market Overview
As per the recently released global silicone adhesives and sealants market report released by FMI, the net worth of the market in the current year 2022 is found to be around US$ 6.5 Bn, and over the forecast years, the market is projected to register a CAGR of 6.5%. At the conclusion of this forecast time period by 2032, the overall market value for silicone adhesives and sealants is anticipated to reach US$ 12 Bn.
Silicone Adhesives and Sealants Market Size Value (2022)
US$ 6.5 Bn
Silicone Adhesives and Sealants Market Size Value (2032)
US$ 12 Bn
Silicone Adhesives and Sealants Market Growth Rate (2022-2032)
Occasionally, the numerous beneficial qualities of silicone adhesives and sealants are used in the industrial appliance and automobile industries, making it a very desirable raw material with profitable business opportunities. The adoption of silicone adhesives and sealants is anticipated to grow quickly as new applications for various industrial as well as household appliances are getting created in contemporary times.
Nowadays, silicone is being increasingly used in sealant technologies to enhance UV stability, higher thermal tolerance, better workability, and improved adherence to a range of building surfaces. Due to the numerous uses for silicone sealants, such as heat insulation as well as joint sealing, the building construction and infrastructure development sector is the prominent end-user vertical for the silicone adhesives and sealants industry.
Given the widespread use of silicone adhesives and sealants across a variety of end-user sectors, including industrial, biomedical, automobile, and aviation, the demand for silicone adhesives and sealants is found to be higher in industrial economies. So, the European region is expected to remain the fastest-growing region throughout most of the forecast years due to the expanding usage of silicone adhesives and sealants in its evolving automobile, medical equipment, and related industries. Moreover, nowadays, the developing nations of Asia-Pacific are also emerging as significant producers and consumers of silicone adhesives and sealants.
The packaging sector also makes extensive use of different types of silicone adhesives and has a specific need for adhesives that are very flexible in nature. In this sector, the most widely used adhesive technology in 2022 was found to be water-borne silicone adhesives, which represented 70% of the market share. Another factor supporting its tremendous growth in the last few years is that compared to other technologies employed in this sector, this one is more affordable.
As per this market report, the top five market players account for nearly one-third of the sales of silicone adhesives and sealants recorded worldwide in the preceding years. However, the market is getting highly fragmented in recent years with the entry of many new regional silicone adhesives and sealants market players and the proliferation of online business channels.
Adhesives and sealants have been known since centuries. They are primarily used for bonding of two different substrates. Development in chemicals and polymers technology have brought adhesives and sealants to the next level of industrial solutions. The unique chemicals structure of silicone offers outstanding adhesion properties over other materials.
Silicone bonds can resist great stress, pressure and can be stable over extreme temperature conditions. Due to its versatility, silicone adhesives and sealants deliver reliable and long lasting adhesion to different substrates ranging from glass, metals and plastics. Silicone adhesives and sealants offer unparalleled flexibility, resistance to extreme temperatures, durability, outstanding performance and making it suitable for various applications in electronics, aerospace, construction, automotive and healthcare industry.
Various types of silicone adhesives and sealants are available in the market such as one component, two component and UV cured adhesives, which differs on the basis of their functioning and benefits. One component adhesives are more convenient as no mixing is required and it has the ability to cure at normal temperature.
While the two component adhesives require mixing and it can cure in thicker parts as compared to one component adhesives. UV cured adhesives use electronic beam for curing without any excessive heat generation. Silicones have unique properties over other adhesives such as temperature stability at high temperature and offers elasticity at low temperature. In addition, silicone has moisture resistance and it is chemically inert which makes silicone adhesives and sealants suitable for many industrial applications.
Silicone material retains its properties over long period and gives excellent performance as compare to other materials due to strength and flexibility. The unique properties of silicone adhesives and sealants make it suitable for various applications such as sealing wires in electronics, structural glazing of façade in construction and medical tapes in healthcare industry. The ability to resist chemicals and water, they have been used for sealing engines and gaskets in the automotive industry.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Silicone Adhesives and Sealants Market Dynamics
Rising use of UV curing technology and thermosets in the manufacturing of product is expected to enhance production speed, improve scratch resistance and provides superior bonding, which in turn is expected to emerge as the most significant growth driver for global silicone adhesives and sealants market over the forecast period.
Further, growing demand of adhesives in the construction industry owing to their various physical and chemical properties as compared to other sealants including polysulfide, acrylic and polyurethane is expected to fuel the demand of silicone adhesives and sealants and thus driving the global silicone adhesives & sealants market.
Silicone adhesives and sealants market is growing with faster pace and trend is likely to continue for the next decade. Asia-Pacific, the largest market for silicone adhesives and sealants is the main contributor for the growth of this market. However, volatile organic compound in silicone adhesives and sealants and rising consumer awareness for environmental safety is expected to restrain the growth of silicone adhesives and sealants. This limits the growth of global silicone adhesives and sealants market.
Silicone Adhesives and Sealants Market Participants
Examples of some of the key players identified in the global silicone adhesives and sealants market include 3M, Henkel Corporation, ALSTONE, Mc Coy Soudal, Dow Corning Corporation, Momentive, Aerol Formulations Private Limited, Wacker Chemie AG, MASTERBOND, AVERY DENNISON, Sika AG, ACC Silicones Ltd., American Sealants, Inc., Novagard Solutions, NITTO DENKO CORPORATION. Companies are largely focusing on product innovation for providing exceptional performance of the silicone adhesives and sealants.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Silicone Adhesives and Sealants Market Segmentation
The global silicone adhesives and sealants market can be segmented on the basis of type, composition and end-use
Based on the type, global silicone adhesives and sealants market can be segmented into:
- One Component
- Two Component
- UV Cured
Based on the composition, global silicone adhesives and sealants market can be segmented into:
- Alkoxy Silicones
- Acetic Silicones
- Oximinics Silicones
- Amino Silicones
Based on the end-use, global silicone adhesives and sealants market can be segmented into:
- Marine & Aerospace
- Electrical & Electronics
- Other End Use Industries
Frequently Asked Questions
What is the Growth Outlook for Silicone Adhesives and Sealants Market?
The market is likely to register a CAGR of 6.5% through 2032.
What is the Current Valuation of the Market?
The market is currently valued at US$ 6.5 Bn in 2022.
How is the Future of the Market?
The market is likely to grow to a valuation of US$ 12 Bn by 2032
Which is the Leading Region in the Market?
Europe is likely to be a leading market during the forecast period.