Silicone Sealants Market: Insights
The global silicone sealants market is estimated to witness a significant CAGR during the forecast period (2020-2026). Growing silicone sealants demand from packaging industries is one of the major factors expected to drive the market growth during the forecast period. However, stringent environmental concerns by government regulations are likely to hamper the market growth over the coming years.
Silicone Sealants Market: By Technology
Based on technology, the global silicone sealants market is segmented into room temperature vulcanizing (RTV), thermoset or heat-cured, pressure-sensitive, and radiation cured. The room temperature vulcanizing (RTV) segment is expected to grow at a high CAGR during the forecast period. Such materials are used for glazing and sanitary joints in bathroom & kitchen fittings.
Silicone Sealants Market: By Application
Based on application, the global silicone sealants market is segmented into insulating glass, automotive, industrial, and construction, among others. The construction segment is expected to grow at a high CAGR in terms of revenue during the forecast period. Increasing use of the products in the construction sector for various purposes, such as sealing floor gaps, fire-rated joints around pipes, ducts, and electrical cables within walls and ceilings are some of the factors driving the market growth.
Silicone Sealants Market: By Region
Based on region, the global silicone sealants market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America is expected to witness considerable growth in the silicone sealants market during the forecast period. Growing overall vehicle production in the region is propelling the market growth. The U.S. is expected to be the largest construction market in North America and is expected to have the largest number of construction facilities. The Asia-Pacific region is expected to grow at a high CAGR in terms of revenue during the forecast period. Improving economic conditions in countries such as India and China is stimulating the demand for retail and commercial spaces.
Silicone Sealants Market: End User Landscape
The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products & services, and regional presence of companies who are purchasing or are likely to purchase silicone sealants. The key end-users of the markets are Green Building Council, and Hyundai, among others.
Silicone Sealants Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Silicone Sealants Market: Share & Competitor Analysis
Some of the key players operating in the silicone sealants market include: Dow, Shin-Etsu Chemical Company, Wacker Chemie AG, Tremco Incorporated, The 3M Company, Bostik, Sika AG, Henkel Corporation, Huntsman International LLC, H.B. Fuller, and Mapei, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In May 2020, Wacker Chemie AG launched two new products: the silicone fluid emulsion BELSIL DM 3200 E and the gloss agent BELSIL PF 100 to its silicone portfolio for hair care products.
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