Reliable Data You Can Trust
Reliable Data You Can Trust
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, forecasts, and dollar
values of the global silicone adhesives and sealants market. According to the
report, the global silicone adhesives and sealants market is projected to grow
at a CAGR of 5% over the forecast period of 2022-2028.
The Global Silicone Adhesives and
Sealants Market was valued at about USD 4300 Million in 2022 and is expected to
reach nearly USD 6000 Million in 2028, with a CAGR of 5% during the forecast
period. Silicone adhesives and sealants are a type of adhesive that contains
silicon and oxygen atoms to seal or bond substrates together as an assembly.
The special chemical composition of other organic polymer-based adhesives is a
major growth factor for the growth of the market. The growing demand for high
heat resistance and superior adhesive strength for end-use industries such as
construction, electronics, and automotive industry drives the growth of the
silicone adhesives and sealants market. Silicone adhesives possess excellent
electrical properties and can be developed to be insulated with high dielectric
strength and conductivity making them a suitable option in the electronics
industry. Increasing utilization in PCB modules and assembly of systems because
of its flexible processing and high performance will increase the demand during
the forecast period.
The increasing demand for
decreasing the weight of the vehicles promotes the growth of silicone sealants
and adhesives in the automotive sector. It is a suitable alternative to mechanical
clamping and fastening. The use of high-performance silicone sealants and
adhesives helps to prevent reduce costly warranty repairs, and improve driving
comfort, and component failures. Furthermore, the rapid growth in the
construction industry because of the increasing population propels the growth
of the silicone adhesives and sealants market. It outlasts organic
weatherproofing sealants and lasts longer, thus reducing lifetime costs, and
contributing to sustainability. However, the availability of alternative
adhesive products hampers the growth of the silicone adhesives and sealants
market. Moreover, the growing use of adhesive and silicone in medical
applications creates fruitful opportunities for market growth. The outbreak of the covid-19 pandemic has
mostly affected the overall industry during the forecast period. The logistics
issue and unavailability of the workforce, as well as resources, have majorly
restrained the growth of the market during the forecast period. The lockdown
restriction decreased the import and export of the required material and hence
decreased the supply in the market. Moreover, uncertainty and economic slowdown
in the market and the absence of consumers in the market also reduced the
demand of the market. Additionally, the shrinking flow of money and decreased
spending on unnecessary services has affected the market growth during the
covid-19 pandemic. Due to these factors, the growth of the market was
restrained during the forecast period.
Based on the region, the worldwide
silicone adhesives and sealants market is segmented into the Asia Pacific,
North America, Europe, and also the Middle East & Africa. Among the
regions, North America is the largest region in the silicone adhesives and
sealants market because of the increasing consumption of electronic vehicles
and products. The Europe region is expected to grow at the fastest pace because
of the rapid growth of the automotive industry in the region. The Asia Pacific
region is expected to be the fastest-growing region due to increasing demand by
developing countries such as China, India, and Japan in the region during the
forecast period. Furthermore, increasing investment in research and development
by global adhesive and sealant companies such as Alteco Inc, Sika AG, and 3M
has enhanced the regional growth during the forecast period.
The report on the global silicone
adhesives and sealants market covers segments such as sealant, technology, and
end-user. On the basis of sealant, the sub-markets include resin, silicone,
polyurethane, emulsion, and others. On the basis of technology, the sub-markets
include water based, solvent based, hot-melt, reactive, and others. On the
basis of end-user, the sub-markets include building & construction,
packaging, healthcare, electrical & electronics, construction, and
automotive.
The report provides profiles of
the companies in the market such as Arkema Group (Bostik), H.B. Fuller Company,
3M, Delo Industrial Adhesives LLC, AVERY DENNISON CORPORATION, Quantum
Silicones, Henkel AG & Co. KGaA, Shin-Etsu Chemical Co.Ltd, Sika AG, 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 the silicone adhesives and sealants market. Moreover, the study
highlights current market trends and provides forecast from 2022-2028. 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.
Please Choose One of them.