Pune, India, August 2023/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Silicone Sealants Market.
Market Research Future (MRFR) has published a cooked research report on the “Global Silicone Sealants Market” that contains information from 2023 to 2032. The Global Silicone Sealants Market is estimated to register a CAGR of 4.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the Global Silicone Sealants Market— 3M, Shin-Etsu Chemical Company, H.B. Fuller, Sika AG, Bostik, Henkel AG & Co. KGaA, Huntsman International LLC, Mapei, American Sealants Inc., Momentive, McCoy Soudal, and ALSTONE.
Silicone Sealants Market Highlights
The Global Silicone Sealants Market is accounted to register a CAGR of 4.90% during the forecast period and is estimated to reach USD 4.92 Billion by 2032.
The Global Silicone Sealants Market refers to the worldwide industry that deals with the production, distribution, and sale of silicone-based sealants. Silicone sealants are a type of adhesive material primarily composed of silicone polymers. They are widely used in various industries and applications due to their excellent properties, such as high flexibility, resistance to temperature extremes, weathering, and moisture.
As the global economy evolves and industries develop, the silicone sealants market is subject to changes in demand, supply, and pricing, making it a dynamic and competitive sector within the adhesives and sealants industry. For the most up-to-date information on the current state of the Global Silicone Sealants Market, I recommend consulting recent market reports and industry analyses.
Segment Analysis
The Global Silicone Sealants Market has been segmented based on technology and end use.
On the basis of technology, the market is segmented into pressure sensitive, radiation curing and ambient temperature vulcanizing. The radiation curing segment dominated the market, accounting for 55% of the market share in 2022. Curing with ultraviolet (UV) rays or electron beam technology improves product quality while cutting production costs
Based on end use, the market has been segmented into Construction, Automotive, Electronics, Aerospace and Consumer Goods. The construction category generated the highest market revenue of about 47% in 2022. This is because of the rise in the use of the material in the construction sectors for restroom and kitchen fixtures, flooring gap sealing, fire-certified connections around pipes, electrical channels, ducts, and wiring for electricity within the building's ceilings and walls.
Regional Analysis
The Global Silicone Sealants Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Silicone Sealants Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Silicone Sealants 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 Global Silicone Sealants Market comprises of Middle East, Africa, and Latin America.
The North American region, including the United States and Canada, is a significant market for silicone sealants. The construction industry, automotive manufacturing, and consumer electronics sectors are major consumers of silicone sealants in this region.
Europe is another important market for silicone sealants, with countries like Germany, the United Kingdom, France, and Italy contributing significantly to the industry's growth. The region's well-established automotive and construction sectors drive the demand for silicone sealants.
The Asia-Pacific region is one of the fastest-growing markets for silicone sealants. Countries such as China, Japan, India, and South Korea are major consumers due to rapid urbanization, infrastructural development, and a thriving automotive industry.
Furthermore, the rest of the world's Global Silicone Sealants Market is divided into the Middle East, Africa, and Latin America. Countries in Latin America, like Brazil and Mexico, are emerging markets for silicone sealants. The construction sector's growth and increased industrial activities contribute to the market expansion in this region.
Key Findings of the Study
- The Global Silicone Sealants Market is expected to reach USD 4.92 Billion by 2032, at a CAGR of 4.90% during the forecast period.
- The Asia-Pacific region is one of the fastest-growing markets for silicone sealants. Countries such as China, Japan, India, and South Korea are major consumers due to rapid urbanization, infrastructural development, and a thriving automotive industry.
- Based technology, the market is segmented into pressure sensitive and radiation curing holding the largest market in 2022.
- 3M, Shin-Etsu Chemical Company, H.B. Fuller, Sika AG, Bostik, Henkel AG & Co. KGaA, Huntsman International LLC, Mapei, American Sealants Inc., Momentive, McCoy Soudal and ALSTONE.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 140 |
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