Silicone Sealants Market Growth, Top Manufacturer Analysis and Forecast to 2024

Posted on 2021-05-10 by researchinsights in Chemicals // 0 Comments

San Jose, California , USA, May 10, 2021 — /EPR Network/ —

Global Silicone Sealants Market is anticipated to reach USD 3.50 billion by 2024 due to its growing applications in construction, automotive and insulating glass industry by replacing several materials like sealants and organic adhesives. Silicone sealant is an adhesive available in liquid form (looks like gel). The adhesive maintains elasticity and stability in different temperatures. A silicone sealant can potentially resist moisture, chemicals which makes it ideal for multiple application in construction industry.

The major factor driving silicone sealants market is the growing use of silicone sealants in composite joints that are progressively increasing its applications in industries like aerospace, consumer packaging and automotive. Moreover, economic growth and increase in spending power of consumers is encouraging the growth of silicone sealants industry. However, unstable prices of raw materials that drastically affect silicone sealants profit margins is predicted to hamper market growth of the silicone sealants. The developments in automotive industry, growing demand for electric vehicles and developing construction of Europe are the trends witnessed by silicone sealants market.

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Silicone Sealants Market Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 – 2024)

Pressure Sensitive
Radiation Curing
Room Temperature Vulcanizing
Thermoset

Silicone Sealants Market Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 – 2024)

Construction
Insulating Glass
Automotive
Industrial
Others

Construction industry is anticipated to dominate the market of silicone sealants in the forecast period due to increasing infrastructure in the emerging economies.

The key players in silicone sealants industry are 3M Company, BASF, H.B. Fuller, DuPont, Henkel, Dow Corning, Shin-Etsu Silicones, Bostik, RPM International, Sika Group and Wacker Group.

Geographically, silicone sealants market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific and Europe are expected to lead the market of silicone sealants owing to the developments in end use industries like construction, automobiles, cosmetics and food and beverages in packaging applications

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Key questions answered in the report include:

What will be the market size in 2024?
What are the growth opportunities of Silicone Sealants market in upcoming period?
What strategies are the market players adopting to ensure sustainability?
Which region or country driving the demand of Silicone Sealants market?
How and where market players should focus to gain maximum ROI?

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