Pune, India, August, 2023/MRFR Press Release- Market Research Future published a half-cooked research report on the Global Silicone Adhesives Market- Forecast 2030
Market Research Future (MRFR) has published a research report on the “Global Silicone Adhesives Market” that contains information from 2023 to 2032. The Global Silicone Adhesives Market is estimated to register a CAGR of 6.24% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the Global Silicone Adhesives Market— 3M, Wacker Chemie AG, Momentive, Dow Corning Corporation, Shin-Etsu Chemical Co Ltd, Henkel AG & Co. KGaA, H.B. Fuller, Sika AG, AVERY DENNISON CORPORATION, and Delo Industrial Adhesives LLC.
Silicone Adhesives Market Highlights
Global Silicone Adhesives Market is accounted to register a CAGR of 6.24% during the forecast period and is estimated to reach USD 2.58 Billion by 2032.
Silicone adhesives are a type of adhesive or sealant that is formulated using silicone as the primary polymer material. These adhesives are highly versatile and widely used due to their unique properties and performance characteristics. Silicone adhesives are known for their flexibility, durability, excellent temperature resistance, and resistance to moisture, UV radiation, and chemicals. They are available in various forms, such as one-part or two-part formulations, and can cure through different mechanisms like room temperature vulcanization (RTV) or heat cure. Silicone adhesives find applications in a wide range of industries, including construction, electronics, automotive, aerospace, medical devices, and household products.
Segment Analysis
The Global Silicone Adhesives Market has been segmented based on Type, Technology, and Application.
Based on Type, the market is segmented into Single-Component and Two-Component. The dominance of the Single-Component category in the Silicone Adhesives market is driven by its ease of use and convenience, as it does not require mixing and allows for quick and efficient application.
Based on Technology, the market is segmented into Pressure Sensitive Adhesives and Non-Pressure Sensitive Adhesives. The dominance of the Pressure Sensitive Adhesives category in the Silicone Adhesives market is driven by its ability to create instant, strong, and long-lasting bonds on various surfaces with minimal applied pressure.
Based on Application, the market is segmented into Buildings & Construction, Automotive, Electronics, Healthcare, Packaging, Aerospace, and Medical. The dominance of the Buildings & Construction category in the Silicone Adhesives market is due to its extensive use in sealing, bonding, and weatherproofing applications in the construction industry.
Regional Analysis
The Global Silicone Adhesives Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Silicone Adhesives Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Silicone Adhesives Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Silicone Adhesives Market comprises of Middle East, Africa, and Latin America.
North American regional U.S. and Canada were major consumers of Silicone Adhesives. The region's growth was driven by the robust construction industry, particularly in residential and commercial infrastructure projects, as well as the presence of well-established manufacturing and automotive sectors.
Europe Countries such as Germany, the U.K., France, and Italy were prominent players in the European Silicone Adhesives market. The region's growth was fueled by ongoing construction and renovation activities, along with the demand from industries like automotive, electronics, and aerospace.
Asia-Pacific region China, Japan, India, South Korea, and other emerging economies in the Asia-Pacific region exhibited significant growth in the Silicone Adhesives market. The region's growth was primarily attributed to rapid urbanization, increasing industrialization, infrastructure development, and rising demand for electronics and automotive applications.
Key Findings of the Study
- The Global Silicone Adhesives Market is expected to reach USD 2.58 Billion by 2032, at a CAGR of 6.24% during the forecast period.
- Germany, the U.K., France, and Italy emerged as key participants in the European Silicone Adhesives market, driven by continuous construction and renovation projects, alongside increasing demands from the automotive, electronics, and aerospace industries.
- Based on the Application, the Market has been segmented into Buildings & Construction holding the largest market in 2023.
- 3M, Wacker Chemie AG, Momentive, Dow Corning Corporation, Shin-Etsu Chemical Co Ltd, Henkel AG & Co. KGaA, H.B. Fuller, Sika AG, AVERY DENNISON CORPORATION, and Delo Industrial Adhesives LLC.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 138 |
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