PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1326566
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1326566
Global Silicone Sealants Market Size study & Forecast, by Technology (Room Temperature Vulcanizing, Thermoset Or Heat Cured, Radiation Cured, Pressure Sensitive), by Application and Regional Analysis, 2023-2030
Global Silicone Sealants Market is valued at approximately USD 3.81 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.0% over the forecast period 2023-2030. Silicone sealants are a type of adhesive or caulk that is commonly used in construction, plumbing, automotive, and other industries. They are formulated using silicone polymers, which provide excellent adhesive and sealing properties. Silicone sealants are known for their flexibility, durability, and resistance to various environmental factors such as moisture, heat, cold, and UV radiation. They are typically available in a viscous paste or gel form, which can be easily applied to various surfaces. The Silicone Sealants Market is expanding because of factors such as rising demand from the building and construction industry and growing demand from electrical and electronics.
Silicone sealants are frequently utilized in the construction sector for tasks such as waterproofing, weatherproofing, and crack sealing. As per the report from the Institution of Civil Engineers, the global construction market is likely to reach USD 8 trillion by 2030, in addition, Statista reports that the global spending on the construction industry was USD 12 trillion in 2019, USD 12.9 trillion in 2021, and is expected to reach USD 19.2 trillion by 2035. Thus, rising spending in construction industry is favoring market growth. Along with these, Silicone sealants are extensively used in the automotive industry because they function well on glass, metal, plastic, and painted surfaces. Longevity, durability, and resistance to extreme weather are all characteristics of silicone sealants. For these reasons, they are used as gaskets in automobiles and engines. According to International Organization of Motor Vehicle Manufacturers (OICA)worldwide vehicle manufacturing increased by 4% from the 77.6 million units produced in the year 2020 to 80.1 million units in 2021. In addition, advancement in the development of bio-based silicone sealant and increasing demand for HVAC is creating lucrative opportunities for market growth. However, stringent regulations imposed by the government over environmental concerns stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Silicone Sealants Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to substantial growth in thermosets and RTV technologies within the sealants market, and increased penetration in the construction industry. Europe is expected to grow significantly during the forecast period, owing to factors such as the rising automotive industry, and rising demand from various end-use industries.
Major market player included in this report are:
- 3M Company
- Arkema (Bostik)
- Avery Dennison Corporation
- Chengdu Guibao Science and Technology Co., Ltd.
- Dow
- Guangzhou Jointas Chemical Co, Ltd.
- H.B. Fuller Company
Recent Developments in the Market:
Global Silicone Sealants Market Report Scope:
By Technology:
By Application:
By Region:
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Silicone Sealants Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Silicone Sealants Market, by Technology, 2020-2030 (USD Billion)
- 1.2.3. Silicone Sealants Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Silicone Sealants Market Definition and Scope
- 2.1. Objective of the Study
Chapter 3. Global Silicone Sealants Market Dynamics
Chapter 4. Global Silicone Sealants Market Industry Analysis
Chapter 5. Global Silicone Sealants Market, by Technology
Chapter 6. Global Silicone Sealants Market, by Application
Chapter 7. Global Silicone Sealants Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Research Process
LIST OF TABLES
- TABLE 1. Global Silicone Sealants Market, report scope
- TABLE 2. Global Silicone Sealants Market estimates & forecasts by Region 2020-2030 (USD Billion)
- TABLE 3. Global Silicone Sealants Market estimates & forecasts by Technology 2020-2030 (USD Billion)
- TABLE 4. Global Silicone Sealants Market estimates & forecasts by Application 2020-2030 (USD Billion)
- TABLE 5. Global Silicone Sealants Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 6. Global Silicone Sealants Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 7. Global Silicone Sealants Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8. Global Silicone Sealants Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9. Global Silicone Sealants Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10. Global Silicone Sealants Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11. Global Silicone Sealants Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12. Global Silicone Sealants Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13. Global Silicone Sealants Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
LIST OF FIGURES
