Global Silicone Adhesives and Sealants Market Set For Rapid Growth, To Reach Value Around USD 2,318 Million By 2026

23-Oct-2018 | Zion Market Research

Zion Market Research has published a new report titled “Silicone Adhesives and Sealants Market by Type (One Component, Two Component, and UV Cured), by Composition (Alkoxy Silicones, Acetic Silicones, Oximinics Silicones, and Amino Silicones), and by End-User (Construction, Automotive, Marine & Aerospace, Electrical & Electronics, Healthcare, Packaging, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026”. According to the report, the global silicone adhesives and sealants market was valued at approximately USD 2,318 million in 2017 and is expected to generate revenue of around USD 3,979 million by the end of 2026, growing at a CAGR of around 6.0% between 2018 and 2026.

Sealants and adhesives are popularly known and used to bond two entirely different substrates. Developing technologies in the polymer and chemical industries have widened the use of silicone adhesives and sealants in several end-user industries. On the basis of offerings and benefits, different types of silicone sealants and adhesives are sold in the market. Silicone has unique characteristics in comparison to other adhesives, like elasticity offered at low temperature and stability at high temperature. Moreover, silicone adhesives are chemically inert and consist of moisture-resistant properties, which allow its application in several end-user industries. Lasting adhesion, durability, and high flexibility properties of silicone adhesives and sealants and rising applications in various end-user industries will prominently help to fuel this market during the forecast period.

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Browse the full "Silicone Adhesives and Sealants Market by Type (One Component, Two Component, and UV Cured), by Composition (Alkoxy Silicones, Acetic Silicones, Oximinics Silicones, and Amino Silicones), and by End-User (Construction, Automotive, Marine & Aerospace, Electrical & Electronics, Healthcare, Packaging, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026" report at https://www.zionmarketresearch.com/report/silicone-adhesives-and-sealants-market

Global Silicone Adhesives and Sealants Market

The silicone adhesives and sealants market based on type are fragmented into UV cured, one component, and two component. High performance with remarkably low viscosity for bonding, coating, sealing, encapsulations, and strong adhesion are some factors that make these adhesives suitable for use for a wide range of substrates. The two-component segment is anticipated to hold a substantial share in the silicone adhesives and sealants market, whereas the UV cured segment is anticipated to grow at a significant CAGR during the forecast period.

Based on composition, the silicone adhesives and sealants market is categorized into alkoxy silicones, acetic silicones, oximinics silicones, and amino silicones. The alkoxy silicones segment is anticipated to hold the largest market share in silicone adhesives and sealants market, owing to its high popularity and a wide range of applicability. The amino silicones segment is expected to grow at the highest CAGR during the forecast period.

Based on end-user, this market is classified into construction, packaging, automotive, marine and aerospace, healthcare, electrical and electronics, and others. The automotive segment is anticipated to grow at a fast rate, due to the rapid development of automotive industry in developing countries and increasing use of silicone adhesive and sealants in automotive processes, such as assembling parts. The construction segment is projected to dominate the market, owing to a high number of applications of silicone adhesives and sealants.

Regionally, North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa are the five major regions in which the silicone adhesives and sealants market is segmented. The Asia Pacific region accounted for the highest share in the silicone adhesives and sealants market globally in 2017 and is expected to remain dominant in the upcoming years. Moreover, this region is anticipated to grow at the highest CAGR, owing to a huge consumer base and developing economies, such as China and India. The European silicone adhesives and sealants market is anticipated to generate significant revenue share during the forecast period. The increasing applications of silicone adhesives and sealants in automotive industries will drive the market in this region during the forecast period.

Some key players of this market are 3M, Aerol Formulations Private Limited, Henkel Corporation, Benson Polymers Limited, Mccoy Soudal, Wacker Chemie AG, Momentive, Dow Corning Corporation, MasterBond, among others. 

This report segments the global silicone adhesives and sealants market as follows:

Global Silicone Adhesives and Sealants Market: Type Segment Analysis

  • One Component
  • Two Component
  • UV Cured

Global Silicone Adhesives and Sealants Market: Composition Segment Analysis

  • Alkoxy Silicones
  • Acetic Silicones
  • Oximinics Silicones
  • Amino Silicones

Global Silicone Adhesives and Sealants Market: End-User Segment Analysis

  • Construction
  • Automotive
  • Marine & Aerospace
  • Electrical & Electronics
  • Healthcare
  • Packaging
  • Others

Global Silicone Adhesives and Sealants Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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