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.
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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.
Types Covered:
• Nеutrаl Ѕіlісоnе Ѕеаlаnt
• Асеtіс Ѕіlісоnе Ѕеаlаnt
• Ѕtruсturаl Ѕіlісоnе Ѕеаlаnt
Products Covered:
• Cure in Place Gasketing
• Elastomeric Silicone Rubber
• Free Flowing
• Glazing
• Lubricating Greases
Technologies Covered:
• Ambient Temperature Vulcanizing,
• Pressure Sensitive
• Ultraviolet (UV) or Radiation Cured
• Room Temperature Vulcanizing (RTV)
• Thermoset or Heat Cured
Grades Covered:
• 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
Applications Covered:
• Automotive
• Buildings & Construction
• Semiconductors & Electronics
• Aerospace and Defence
• Consumer Goods
• Cosmetics
• Food
• Glass
• Heating, Ventilation, and Air Conditioning (HVAC)
• Industrial Assembly
• Insulating Glass
• Marine
• Packaging
• Wood Furniture
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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