A recent report published by Infinium Global Research on silicone adhesives and sealants market provides in-depth analysis of segments and sub-segments in the global as well as regional silicone adhesives and sealants market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional silicone adhesives and sealants market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global silicone adhesives and sealants market. According to the report, the global silicone adhesives and sealants market are projected to grow at a CAGR of 6.1% over the forecast period of 2018-2024.
Silicone adhesives and sealants is a type of adhesive that contains silicon and oxygen atoms to seal or bond substrates together as an assembly. It has a different chemical composition from other organic polymer-based adhesives. Silicone sealants are resistant to other chemicals, moisture, and weathering. Silicone sealants are commonly used to bind surfaces such as plastic, metal, and glass together. Based on elastomeric technology, silicone adhesives offer unparalleled flexibility and exceptionally high heat resistance, making them suitable for a wide range of applications in the electrical, electronic, automotive, aerospace, and construction industries.
The growing demand for high heat resistant and superior adhesive strength for end use industries such as construction, electronics, and automotive industry drives the growth of silicone adhesives and sealants market. Silicone adhesives possess excellent electrical properties and can be developed to be insulative with high dielectric strength and conductivity making it a suitable option in the electronic industry. It is used in PCB modules and system assembly owing to its performance and flexible processing. In addition, the growing demand for reducing the weight of the vehicles promotes the growth of the silicone adhesives and sealants in the automotive sector. It is a suitable alternative to mechanical fastening and clamping. The use of high-performance silicone adhesives and sealants helps to prevent component failures, reduce costly warranty repairs, and improve driving comfort. Furthermore, the rapid growth in the construction industry owing to the rise in population contributes to the growth of silicone adhesives and sealants market. It outlasts organic weatherproofing sealants and lasts longer, thus reducing lifetime costs, and contributes to sustainability. However, the availability of alternative adhesive products restrains the growth of silicone adhesives and sealants market. Moreover, the growing use of silicone and adhesive in medical applications creates fruitful opportunities for market growth.
Geographically, Asia-Pacific dominates the silicone adhesives and sealants market. The rapidly expanding industrial sector in Asia-Pacific contributes to the growth of Asia Pacific silicone adhesives and sealants market. The demand for silicone adhesives and sealants market is anticipated to rise due to the growing infrastructural development in this region. The North America region has the second largest market share in the silicone adhesives and sealants market due to the rising consumption of electronic products and vehicles. Europe is expected to grow at the fastest pace owing to the growth of the automotive industry in this region.
The report on global silicone adhesives and sealants market covers segments such as type, technology, and end-user. On the basis of type, the sub-markets include one-component, two-component, and UV cured. On the basis of technology, the sub-markets include PSA and non-PSA. On the basis of end-user, the sub-markets include building & construction, packaging, healthcare, electrical & electronics, construction, and automotive.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in this region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as DOW, H.B. Fuller Company, 3M, Delo Industrial Adhesives LLC, AVERY DENNISON CORPORATION, Henkel AG & Co. KGaA, Shin-Etsu Chemical Co., Ltd, Illinois Tool Works Inc. Momentive, Sika, and Wacker Chemie AG.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of silicone adhesives and sealants market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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