Description
Silicone sealant is a viscous material based on silicone polymers that can be used in various industries to block the passage of fluids by sealing and bonding. It is applied in many areas because of its excellent stability, both chemically and thermally. These sealants provide energy savings, which help in lowering the greenhouse gas emissions. Silicone sealants are flexible products used in many industries such as construction, electronics, automotive, aerospace, industrial assembly, and maintenance among others. The global construction industry's continuous growth drives the demand for silicone sealants. Silicone sealants are widely used in building and construction applications to seal joints, gaps, and cracks, providing water resistance and weatherproofing capabilities to structures. The increasing infrastructure development and urbanization in emerging economies contribute significantly to the demand for silicone sealants. On the other hand, the variations in the cost of raw materials and the accessibility of substitutes such as polyurethane and polysulfide sealants are projected to hold back the market growth. The Silicone Sealants Market is anticipated to grow at a rate of 6% CAGR by 2028.
Silicone Sealants Market by End-users:
• Construction
• Automotive
• Industrial Application
• Others
Silicone Sealants Market by Curing Method:
• Acetoxy
• Oxime
• Alkoxy
• Others
Silicone Sealants Market by Geography:
• North America
• Europe
• Asia Pacific
• Rest of the World
On the basis of end users, the end users are classified into Construction, Automotive, Industrial Application and Others. The construction segment is expected to have the major share in the market. Owing to their excellent adhesive qualities and capacity to seal and connect various substrates, silicone sealants are most often used in the construction industry. In several building applications, such as glazing and weatherproofing, silicone sealants are utilized to seal and bond joints in walls, roofs and floors. Moreover, it is projected that the demand for silicone sealants in the construction industry would be fueled by the surging demand for energy-efficient buildings and green construction methods. By sealing and insulating gaps and joints, silicone sealants can help in reducing energy consumption and improving the energy efficiency of buildings.
Further on the basis of curing method, the various curing methods include Acetoxy, Oxime, Alkoxy and Others. The Acetoxy segment is projected to expand at the highest CAGR over the forecasted period. Building and construction in kitchen backsplashes, bathrooms & bathtubs, countertop sealing, door and window frames and other areas are leading to the dominance and rise of acetoxy silicone sealants. It is due to the positive features such as acetoxy sealants dry much more rapidly compared to neutral cure silicone and generally become tack-free within minutes is one of their key benefits. As per the Associated General Contractors of America (AGC), the construction industry, which employs more than 733,000 people, manufactures around $1.4 trillion worth of structures yearly, which in turn augments the demand for acetoxy being used in the aforementioned applications.
The geographical regions of the silicone sealants market include North America, Europe, Asia Pacific and rest of the world. North America region is holding a significant share in the market. This can be ascribed to the surge in demand from end-use industries such as transportation, packaging and construction.
Moreover, the increasing rate of urbanization and infrastructure development in emerging economies was driving the growth for global silicone sealants market in construction activities. Silicone sealants are used extensively in sealing building joints, windows, and other applications to enhance energy efficiency and durability.
The major vendors of the silicone sealants market include Dow Chemical Company, 3M Company, Momentive Performance Materials Inc., Wacker Chemie AG, Henkel AG & Co. KGaA, PPG Industries, Inc., H.B. Fuller Company, Shin-Etsu Chemical Co. Ltd, BASF SE and RPM International Inc.
The silicone sealants market continues to grow as industries recognize the benefits and versatility of these adhesive materials. Advancements in silicone technology and the development of specialized formulations have expanded their applications further. As various sectors continue to demand reliable and high-performance sealing solutions, silicone sealants are expected to remain a significant player in the adhesive industry.
• The research offers an exclusive analysis of the silicone sealants market which describes the important investment pockets in the market.
• The study also describes the present and future trends to determine the overall attractiveness and point out the profitable trends to achieve a potential foothold in the market.
• The study gives the information of key drivers, restraints and opportunities with impact analysis of the market.
• The study also analyzes the market in terms of geographically, based on major regions such as North America, Europe, Asia-Pacific, and Rest of the World.