The global Silicone Sealants Market size is expected to reach USD 6.07 billion by 2030, registering at a 6.0%, as per the new report by Grand View Research, Inc. The increasing construction activities across the globe, along with the growing demand for insulated glass due to rising concerns over energy consumption, are anticipated to drive market growth.
The construction industry was the major end-user of silicone sealants in 2018 and this trend is expected to continue over the forecast period. The various benefits of the product such as the ability to withstand high & low temperatures, insulation, durability, aesthetic finish, water and chemical resistance, etc., increase their preference over other adhesives & sealants. Growing infrastructural developments across the world, especially in developing economies are anticipated to drive market growth.
The market is segmented based on four technologies, out of which room temperature vulcanizing (RTV) held the largest share in 2022. RTV silicone sealants are extensively used in a wide range of applications and are gaining popularity in electronics. For instance, their usage in the assembly process of the automotive industry helps in removing the need for pre-cut fixed gaskets, reduces the use of screws, protects against vibrations, and prevents water penetration.
Furthermore, automotive applications are expected to witness sluggish growth owing to the growing use of adhesives. However, the penetration of pressure-sensitive sealants in the automotive industry is expected to grow substantially on account of the less pressure required to bind to the substrate and their improved adhesion properties. Industrial application is expected to witness steady growth owing to initiatives undertaken by the governments of emerging economies to promote manufacturing in the countries. The use of silicone sealants is expected to grow in other applications such as cosmetics, home appliances, electronic devices, and others over the forecast period.
Related Press Release@ Silicone Sealants Market Report
Silicone Sealants Market Report Highlights
- Thermoset or heat cured is estimated to be the fastest growing application, in terms of volume, with a CAGR of 5.8% from 2023 to 2030
- In terms of volume, the automotive application segment is expected to grow at a CAGR of 5.4% during the forecast period, owing to the increasing use of silicone sealants in automotive electronics
- Construction application segment accounted for a revenue share of 60.2% in 2022, considering the increasing global construction output
- The room temperature vulcanizing (RTV) segment held a revenue share of 65.1% in 2022. The share is attributable to its increasing demand in applications where high heat resistance is required
- The players in the silicone sealants industry are integrated across various stages of the value chain. For instance, Wacker Chemie AG is a raw material supplier, manufacturer, and distributor of various silicone sealant products
Silicone Sealants Market Report Scope
Report Attribute
Details
Market size value in 2023
USD 4.03 billion
Revenue forecast in 2030
USD 6.07 billion
Growth rate
CAGR of 6.0% from 2023 to 2030
Base year for estimation
2022
Historical data
2018 - 2021
Forecast period
2023 - 2030
Silicone Sealants Market Segmentation
Grand View Research has segmented the global silicone sealants market based on technology, application, and region:
Silicone Sealants Technology Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)
- Room Temperature Vulcanizing (RTV)
- Thermoset Or Heat Cured
- Radiation Cured
- Pressure Sensitive
Silicone Sealants Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)
- Construction
- Insulating Glass
- Automotive
- Industrial
- Others
Silicone Sealants Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
List of Key Players in the Silicone Sealants Market
- Dow
- Shin-Etsu Chemical Company
- Wacker Chemie AG
- 3M
- Tremco Incorporated
- Bostik
- Sika AG
- Henkel Corporation
- Huntsman International LLC
- H.B. Fuller
- Mapei
Construction Silicone Sealants market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Construction Silicone Sealants market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Construction Silicone Sealants market is segmented into:AcetoxyOximeAlkoxyOthersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60255/global-china-construction-silicone-sealants-2026-316Segment by Application, the Construction Silicone Sealants market is segmented into:ResidentialCommercialIndustrialRegional and Country-level Analysis:The Construction Silicone Sealants market is analysed and market size information is provided by regions (countries).The key regions covered in the Construction Silicone Sealants market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Construction Silicone Sealants Market Share Analysis:Construction Silicone Sealants market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
The global Construction Silicone Sealants Market size is estimated to grow from USD 3.5 billion in 2021 to USD 4.5 billion by 2026, at a CAGR of 5.0% during the forecast period.
Thedriving factors for the construction silicone sealants market is growing demand from residential housing and commercial offices, along with rising infrastructure output from key sub-sectors, such as roads, rail, energy, and water and sewerage, is boosting the demand for construction silicone sealants.
Increasing demand from APAC will further drive the growth of the global construction silicone sealants market.Dow (US), Wacker Chemie AG (Germany), Elkem ASA (Norway), Momentive (US), and Shin-Etsu Chemical Co. Ltd. (Japan), among others, are the leading construction silicone sealants manufacturers, globally.
These companies adopted new product launch, expansion, agreements & contracts and merger & acquisition, as their key growth strategies between 2016 and 2021 to earn a competitive advantage in the construction silicone sealants market.Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=97297482Insulating glass is expected to be the fastest-growing application in the Construction silicone sealants market during the forecast period.Insulating Glass is the fastest-growing application segment in the Construction silicone sealants market.
It accounted for a share of about 14.4% of the construction silicone sealants market, in terms of value, in 2020.APAC is expected to hold the largest market share in the global construction silicone sealants market during the forecast period.APAC accounted for the largest share of the Construction silicone sealants market in 2020.
The market in the region is growing because of growing building & construction activities in emerging countries, increasing domestic demand, income levels, and easy access to resources.
