Silicone Adhesives and Sealants Market
Adhesive and sealants are used to hold a substance together or block openings or joints. Sealants and adhesives are mostly grouped collectively, as both items are used on the surface of a material to seal and hold it together. Sealants and adhesives are usually available in liquid form and are viscous in nature, with no or slightly flowing characteristics.
The technological development of polymers and chemical industry has upgraded sealants and adhesive to the next level of industrial solutions. Silicone-based adhesives and sealants are becoming more popular in different end-user segments due to their versatility and durable adhesion to a wide range of substances. Moreover, the factors such as unparallel flexibility, durability, and exceptional performance offered by silicone adhesive and sealants are useful in several applications for various sectors, like construction, aerospace, electronics, healthcare, and automotive industries will drive the silicone adhesives and sealants market during the forecast period.
The silicone adhesives and sealants market are segmented based on type into UV cured, one component, and two component. The UV cured segment is anticipated to grow at a significant CAGR, owing to the rising use of UV light curing systems, as UV light curing silicones generally have a secondary moisture cure mechanism to ensure that any silicone that is not irradiated with UV light will still cure. Alternatively, the one component segment is projected to dominate the global silicone adhesives and sealants market in the upcoming years. Based on composition, the silicone adhesives and sealants market is classified into alkoxy silicones, acetic silicones, oximinics silicones, and amino silicones. Based on end-user, this market is fragmented into construction, marine and aerospace, automotive, packaging, electrical and electronics, healthcare, and others. Rising construction and industrialization will prominently fuel the construction segment over the forecast period.
Based on geographic regions, the silicone adhesives and sealants market are classified into five major regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The Asia Pacific region is anticipated to dominate the global silicone adhesives and sealants market, as China is the largest consumer and manufacturer of silicone adhesives and sealants in the region. High demand from various end-user industries, such as constructions, automotive, and electronics, in developing economies, such as China and India, will accelerate this market’s growth in this region. Europe is projected to hold the second largest market share of the global silicone adhesives and sealants market, owing to the growing automotive industry in the region.
Some of the key players of this market include 3M, Aerol Formulations Private Limited, Henkel Corporation, Mccoy Soudal, Benson Polymers Limited, Dow Corning Corporation, Momentive, Wacker Chemie AG, and MasterBond.