USD 3.78 Billion
Global Silicone Sealants Market Size, Share, Growth Analysis, By Product(Acetoxy, Amino), By Application(Building & Construction, Semiconductors & Electronics) - Industry Forecast 2024-2031
Report ID:
SQMIG25C2112 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
Global Silicone Sealants Market Insights
Silicone Sealants Market size was valued at USD 3.78 Billion in 2021 and is poised to grow from USD 4.01 Billion in 2022 to USD 6.50 Billion by 2030, at a CAGR of 3.3% during the forecast period (2023-2030).
The Global Silicone Sealants Market has experienced significant growth in recent years and is expected to continue expanding due to various driving factors. One of the primary drivers of the market's growth is the rapid urbanisation and infrastructure development in emerging economies. As countries invest in construction and infrastructure projects, the demand for silicone sealants for sealing joints, gaps, and cracks in buildings, roads, and bridges has surged. Additionally, the automotive industry's growth has contributed to the increased use of silicone sealants in vehicle assembly and component sealing. Another factor propelling the market is the growing focus on sustainable and energy-efficient buildings. Silicone sealants play a crucial role in enhancing a building's energy efficiency by providing effective insulation and sealing, reducing energy consumption and improving indoor air quality. This trend towards green and sustainable construction practices is boosting the adoption of silicone sealants in the construction industry. Moreover, technological advancements and innovations in silicone sealant formulations have expanded their application areas. Manufacturers are continuously developing high-performance silicone sealants that can withstand extreme temperatures, UV radiation, and chemical exposure. These advancements have further driven the demand for silicone sealants in industries such as aerospace, electronics, and healthcare. Despite the positive growth outlook, the Global Silicone Sealants Market also faces several challenges. Fluctuating raw material prices, particularly for silicone-based materials, can impact the production costs of sealants, leading to pricing uncertainties and potential margin pressures for manufacturers. Additionally, stringent environmental regulations concerning the use of volatile organic compounds (VOCs) in sealant formulations may pose challenges for the industry to comply with sustainability and emission reduction goals. Furthermore, competition from alternative sealant materials, such as polyurethane and acrylic sealants, can affect the market's growth. Each material offers unique properties and advantages, and the choice of sealant depends on specific application requirements, cost considerations, and performance expectations.
US Silicone Sealants Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Pressure sensitive
Growth Rate
3.3% CAGR
Global silicone sealants Market ($ Bn)
Country Share for North America Region (%)
Global silicone sealants Market By Technology ($ Bn)
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Global Silicone Sealants Market Segmental Analysis
The global Silicone sealants market is segmented on the basis of product, application, and region. By product, the market is segmented into Acetoxy, Amino, and Others. By application, the market is segmented into Building & Construction, Semiconductors & Electronics, Automotive, Glass, Wood Furniture, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Silicone Sealants Market Analysis By Product
The Global Silicone Sealants Market can be segmented by product type into Acetoxy, Amino, and Others. One dominant product segment in the market is Acetoxy silicone sealants. Acetoxy sealants are the most widely used silicone sealants and have been traditionally popular due to their excellent adhesion, fast curing, and versatility. They are commonly used in general construction applications, such as sealing windows, doors, and gaps in buildings. The dominance of Acetoxy sealants can be attributed to their well-established position in the market, extensive application scope, and familiarity among users.
The fastest-growing product segment in the market is Amino silicone sealants. Amino sealants are known for their exceptional weather and UV resistance, making them suitable for demanding outdoor applications. They are gaining popularity in the construction industry, especially for sealing facades, curtain walls, and other exterior building elements. The increasing demand for sustainable and energy-efficient buildings has driven the adoption of Amino sealants, as they offer superior longevity and performance in challenging weather conditions.
Silicone Sealants Market Analysis By Application
The Global Silicone Sealants Market can be segmented by application into Building & Construction, Semiconductors & Electronics, Automotive, Glass, Wood Furniture, and Others. One dominant application segment in the market is Building & Construction. Silicone sealants find extensive use in the construction industry for sealing joints, gaps, and cracks in buildings, bridges, roads, and other infrastructure projects. The dominant position of the Building & Construction segment can be attributed to the continuous growth in urbanisation, infrastructure development, and the demand for energy-efficient and sustainable buildings. Silicone sealants play a crucial role in enhancing a building's thermal insulation, weatherproofing, and overall structural integrity, contributing to their widespread adoption in the construction sector.
The fastest-growing application segment in the market is Semiconductors & Electronics. With the rapid advancements in the electronics industry and the growing demand for high-performance electronic devices, silicone sealants are increasingly used for encapsulation and protection of delicate electronic components. Silicone sealants offer excellent electrical insulation, thermal conductivity, and resistance to moisture, making them ideal for semiconductor devices and electronic assemblies. The proliferation of smart devices, wearables, and advanced electronics has propelled the demand for silicone sealants in the Semiconductors & Electronics segment.
Global silicone sealants Market By Technology, 2023 (%)
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Global Silicone Sealants Market Regional Insights
One dominant region in the market is North America. The region's dominance can be attributed to the well-established construction and automotive industries, where silicone sealants are extensively used for various applications, including building sealing, automotive assembly, and electronic component protection. The presence of major construction projects, infrastructure development, and a strong focus on energy-efficient buildings drive the demand for silicone sealants in North America.
The fastest-growing region in the Global Silicone Sealants Market is Asia-Pacific. The Asia-Pacific region is experiencing rapid urbanisation, industrialization, and infrastructure development, leading to a surge in construction activities and the demand for silicone sealants in the building & construction sector. Moreover, the booming automotive industry in countries like China, India, and South Korea is driving the adoption of silicone sealants for automotive assembly and component sealing. Additionally, the increasing use of electronic devices and the growing semiconductor and electronics industry in the region contribute to the rising demand for silicone sealants for electronics encapsulation and protection.
Global silicone sealants Market By Geography, 2024-2031
- Largest
- Fastest
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Global Silicone Sealants Market Dynamics
Silicone Sealants Market Drivers
Growing Construction and Infrastructure Development
- The global construction industry is witnessing significant growth, fueled by urbanisation and infrastructure development projects. Silicone sealants are widely used in the construction sector for sealing joints, gaps, and cracks in buildings, roads, bridges, and other structures, driving the demand for these products.
Rising Demand for Energy-Efficient Buildings
- With increasing awareness about energy conservation and sustainability, there is a growing demand for energy-efficient buildings. Silicone sealants play a crucial role in enhancing a building's thermal insulation and weatherproofing, making them essential components in energy-efficient building designs.
Silicone Sealants Market Restraints
Stringent Environmental Regulations
- Environmental concerns have led to stringent regulations regarding the use of certain chemicals and volatile organic compounds (VOCs) in sealant formulations. Complying with these regulations poses challenges for manufacturers in terms of product formulation and innovation.
Competition from Alternative Sealants
- The silicone sealants market faces competition from alternative sealant materials, such as polyurethane, acrylic, and polysulfide sealants. Each material offers unique properties and advantages, leading to customer preferences based on specific application requirements.
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Global Silicone Sealants Market Competitive Landscape
The global silicone sealants market exhibits a competitive landscape characterised by a diverse range of players offering a wide variety of products catering to different industry sectors. These companies compete based on factors such as product innovation, quality, price, and distribution network. The market includes both multinational corporations with a strong global presence and regional players focusing on specific geographical areas or niche applications. Innovation plays a critical role in shaping the competitive landscape, with companies investing in research and development to introduce advanced silicone sealant formulations with improved properties and performance. Manufacturers continually strive to develop products that meet the evolving needs of industries such as construction, automotive, electronics, and healthcare. Established players in the market leverage their brand reputation and market presence to maintain a competitive edge. They often have well-established distribution networks, partnerships with end-users, and significant investments in marketing and customer support. On the other hand, regional and smaller companies often focus on specific niche applications or specialised product lines, offering tailored solutions to address specific customer demands. Regulatory compliance is another important aspect influencing the competitive landscape. Companies that comply with strict environmental regulations and offer sustainable and eco-friendly products gain a competitive advantage, particularly in regions with heightened environmental consciousness.
Silicone Sealants Market Top Player’s Company Profile
- Wacker Chemie AG - Germany
- Momentive Performance Materials Inc. - USA
- Bostik (Arkema Group) - France
- H.B. Fuller Company - USA
- Shin-Etsu Chemical Co., Ltd. - Japan
- Mapei Corporation - USA
- Avery Dennison Corporation - USA
- Pidilite Industries Limited - India
- DAP Products Inc. (RPM International Inc.) - USA
- McCoy Soudal Sealants Adhesives & Foams Pvt Ltd - India
- The 3M Company - Headquarters: St. Paul, Minnesota, USA
- BASF SE - Germany
- Tremco Incorporated (RPM International Inc.) - USA
- Soudal NV - Belgium
- Arkema S.A. - France
- Hexion Inc. - USA
- RPM International Inc. - USA
Silicone Sealants Market Recent Developments
- In February 2023, DowDuPont announced the launch of its new line of silicone sealants for the construction industry. The new sealants are designed to be more durable and weather-resistant than traditional silicone sealants.
Global Silicone Sealants Key Market Trends
- Shift Towards Green Building Materials: The construction industry's increasing emphasis on green building materials and energy-efficient solutions is driving the adoption of silicone sealants that contribute to sustainable construction practices. Silicone sealants play a crucial role in improving a building's energy efficiency, reducing air leakage, and enhancing insulation.
- Focus on UV-Curable Silicone Sealants: UV-curable silicone sealants are gaining popularity due to their rapid curing time and enhanced performance properties. These sealants offer reduced processing times and can be applied in automated manufacturing processes, making them attractive to various industries.
Global Silicone Sealants Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Silicone sealants market analysis, North America stands out as the dominant region in the Global Silicone Sealants Market, primarily due to its well-established construction and automotive industries, which extensively rely on silicone sealants for various applications like building sealing, automotive assembly, and electronic component protection. On the other hand, the Asia-Pacific region emerges as the fastest-growing market for silicone sealants globally. The Global Silicone Sealants Market has experienced significant growth and evolution, driven by various factors such as the booming construction industry, increasing demand for sustainable solutions, and technological advancements in sealant formulations. Silicone sealants have become indispensable in diverse applications, including construction, automotive, electronics, and healthcare, owing to their exceptional properties like adhesion, flexibility, weather resistance, and thermal stability. The rising awareness about energy-efficient buildings and green construction practices has fueled the adoption of silicone sealants in the construction sector. As the global focus on sustainability intensifies, manufacturers have responded with eco-friendly and low-VOC sealant formulations to meet the changing preferences of customers and regulatory requirements. Technological innovations have played a vital role in shaping the market landscape, with manufacturers continuously developing high-performance sealants tailored to specific applications. The expanding electronics industry has driven the demand for silicone sealants with excellent electrical insulation, protecting delicate electronic components from moisture and environmental contaminants. Furthermore, the market has witnessed significant growth in emerging economies, where rapid urbanisation and infrastructure development create opportunities for silicone sealant manufacturers to expand their presence. However, the market is not without challenges, as fluctuations in raw material prices and stringent environmental regulations impact production costs and formulation requirements. The COVID-19 pandemic also brought short-term disruptions to the market, affecting supply chains and end-user industries.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.78 Billion |
| Market size value in 2031 | USD 6.50 Billion |
| Growth Rate | 3.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Silicone Sealants Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Silicone Sealants Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Silicone Sealants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Silicone Sealants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Silicone Sealants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Silicone Sealants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Silicone Sealants Market Report Snapshots
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