Silicone Sealants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Technology (Room Temperature Vulcanizing (RTV), Thermoset or Heat cured, Radiation cured, and Pressure sensitive), By Application (Construction, Insulating glass, Automotive, Industrial, and Others), Region, and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSilicone Sealants Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Technology (Room Temperature Vulcanizing (RTV), Thermoset or Heat cured, Radiation cured, and Pressure sensitive), By Application (Construction, Insulating glass, Automotive, Industrial, and Others), Region, and Competition
Global Silicone Sealants Market is anticipated to witness a robust CAGR in the forecast period 2024-2028.
According to the European Construction Industry Federation, the European Union's total investment in construction increased by 5.2% in 2021 and amounted to €1.6 trillion, corresponding to 11.1% of the EU GDP. Moreover, According to Worldwide Construction Perspectives and Oxford Economics, the global construction sector would exceed US$ 15.5 trillion and account for 57 percent of global growth by 2030, led by China, the United States, and India.
The International Energy Agency predicts that by 2030, there will be 125 million electric vehicles on the road, up from 3.1 million in 2017.
Apart from these, favorable government policies for Silicone Sealants and technological advancement for new applications, will propel the Global Silicone Sealants Market in the forecasted period.
Rising Demand For HVAC
Increasing Expenditure on Construction Activity
Sealants are used by the construction industry in a variety of applications, including wall covering, pre-finish panels, perimeters of doors, drywall, lamination, fixed window frames, flooring and carpets, tile insulation, garage doors, resilient flooring, and others. The government's encouragement of the sector is projected to cause the industry to expand steadily. In a renewed effort for the sector under the Atmanirbhar Bharat program, the Indian government has launched several policies to support the National Infrastructure Pipeline (NIP) and the Affordable Rental Housing Complex (ARHC) scheme, along with Housing for all and other investment opportunities in the industrial segment.
Mergers and Acquisitions
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Recent Developments
Wacker AG and its Indian joint venture, Wacker Metroark Chemicals (WMC), have announced the opening of a new silicone production facility in Panagarh, India, for 2022. The plant will produce silicone rubber and ready-to-use silicone compounds for use in electromobility, medical technology, and electrical distribution and transmission. The manufacture of silicone fluids and silicone emulsions will eventually enter a stage of expansion. Over the next five years, the company plans to invest a mid-double-digit million euro in Panagarh to meet the rising demand for silicone sealants in India and solidify its position as a top silicone producer.
New Product Launches
In 2022, Bridgestone Americas and Dow collaborated to create B-SEALS, a recyclable silicone-based tyre sealant solution. The B-SEALS technology will provide superior sealant performance without compromising durability. The new silicone-based sealant can be removed after use, in contrast to previous sealants that were challenging to separate from the tyre following application. The solution is removable, which promotes end-of-life tyres recycling and material circularity.
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Market Segmentation
Global Silicone Sealants Market is segmented based on
Market players
Dow Chemical Company, Jyoti Resins & Adhesives, Pidilite Industries Ltd, Wacker Chemie AG, Astral Adhesives, HP Adhesives Ltd, Huntsman International LLC, H.B. Fuller, Mapei S.p.A. and The 3M Company are some of the key players operating in the market.
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historic
Data |
2017 –
2021 |
|
Estimated
Year |
2023 |
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Forecast
Period |
2024 – 2028 |
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Quantitative
Units |
Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022
and 2023-2028 |
|
Report
coverage |
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
covered |
·
Technology ·
Application |
|
Regional
scope |
North
America, Europe, Asia Pacific, South America, Middle East & Africa |
|
Country
scope |
United States; Canada; Mexico; China; India; Japan; Australia;
South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil;
Argentina; Colombia; South Africa; UAE, Saudi Arabia. |
|
Key
companies profiled |
Dow
Chemical Company, Jyoti Resins & Adhesives, Pidilite Industries Ltd,
Wacker Chemie AG, Astral Adhesives, HP Adhesives Ltd, Huntsman International
LLC, H.B. Fuller, Mapei S.p.A. and The 3M Company |
|
Customization
scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
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