Product Code: GVR-1-68038-029-3
Silicone Sealants Market Growth & Trends:
The global silicone sealants market size is expected to reach USD 6.07 billion by 2030, registering at a 6.0%, as per the new report by Grand View Research, Inc. The increasing construction activities across the globe, along with the growing demand for insulated glass due to rising concerns over energy consumption, are anticipated to drive market growth.
The construction industry was the major end-user of silicone sealants in 2018 and this trend is expected to continue over the forecast period. The various benefits of the product such as the ability to withstand high & low temperatures, insulation, durability, aesthetic finish, water and chemical resistance, etc., increase their preference over other adhesives & sealants. Growing infrastructural developments across the world, especially in developing economies are anticipated to drive market growth.
The market is segmented based on four technologies, out of which room temperature vulcanizing (RTV) held the largest share in 2022. RTV silicone sealants are extensively used in a wide range of applications and are gaining popularity in electronics. For instance, their usage in the assembly process of the automotive industry helps in removing the need for pre-cut fixed gaskets, reduces the use of screws, protects against vibrations, and prevents water penetration.
Furthermore, automotive applications are expected to witness sluggish growth owing to the growing use of adhesives. However, the penetration of pressure-sensitive sealants in the automotive industry is expected to grow substantially on account of the less pressure required to bind to the substrate and their improved adhesion properties. Industrial application is expected to witness steady growth owing to initiatives undertaken by the governments of emerging economies to promote manufacturing in the countries. The use of silicone sealants is expected to grow in other applications such as cosmetics, home appliances, electronic devices, and others over the forecast period.
Silicone Sealants Market Report Highlights:
- Thermoset or heat cured is estimated to be the fastest growing application, in terms of volume, with a CAGR of 5.8% from 2023 to 2030
- In terms of volume, the automotive application segment is expected to grow at a CAGR of 5.4% during the forecast period, owing to the increasing use of silicone sealants in automotive electronics
- Construction application segment accounted for a revenue share of 60.2% in 2022, considering the increasing global construction output
- The room temperature vulcanizing (RTV) segment held a revenue share of 65.1% in 2022. The share is attributable to its increasing demand in applications where high heat resistance is required
- The players in the silicone sealants industry are integrated across various stages of the value chain. For instance, Wacker Chemie AG is a raw material supplier, manufacturer, and distributor of various silicone sealant products
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources & THIRD-PARTY Perspectives
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market formulation & data visualization
- 1.6 Data validation & publishing
- 1.7 Research Scope and Assumptions
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Silicone Sealants Market: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Silicone Sealants Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Manufacturing/Technology Trends
- 3.2.2 Sales Channel Analysis
- 3.2.3 List of Potential End-Users
- 3.3 Price Trend Analysis, 2018 - 2030
- 3.3.1 Factors Affecting Prices
- 3.4 Regulatory Framework, By Regions
- 3.5 Market Dynamics
- 3.5.1 Market driver analysis
- 3.5.2 Market restraint analysis
- 3.5.3 Market Challenges Analysis
- 3.5.4 Market Opportunity Analysis
- 3.6 Business Environment Analysis
- 3.6.1 Porter's Analysis
- 3.6.2 PESTEL Analysis
Chapter 4 Silicone Sealants Market: Supplier Portfolio Analysis
- 4.1 List of Key Raw Material Suppliers
- 4.2 Raw Material Trends
- 4.3 Portfolio Analysis/Kraljic Matrix
- 4.4 Engagement Model
- 4.5 Negotiation Strategies
- 4.6 Sourcing Best Practices
Chapter 5 Silicone Sealants Market: Technology Estimates & Trend Analysis
- 5.1 Technology movement analysis & market share, 2022 & 2030
- 5.1.1 Room temperature vulcanizing (RTV)
- 5.1.1.1 Room temperature vulcanizing (RTV) Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.2 Thermoset or Heat cured
- 5.1.2.1 Thermoset or Heat cured Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.3 Radiation cured
- 5.1.3.1 Radiation cured Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.4 Pressure sensitive
- 5.1.4.1 Pressure sensitive Market Estimates and Forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Silicone Sealants Market: Application Estimates & Trend Analysis
- 6.1 Application movement analysis & market share, 2022 & 2030
- 6.1.1 Construction
- 6.1.1.1 Silicone Sealants Market Estimates and Forecast, in Construction, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.2 Insulating glass
- 6.1.2.1 Silicone Sealants Market Estimates and Forecast, in Insulating glass, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.3 Automotive
- 6.1.3.1 Silicone Sealants Market Estimates and Forecast, in Automotive, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.4 Industrial
- 6.1.4.1 Silicone Sealants Market Estimates and Forecast, in Industrial, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.5 Other Applications
- 6.1.5.1 Silicone Sealants Market Estimates and Forecast, in Other Applications, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Silicone Sealants Market: Regional Estimates & Trend Analysis
- 7.1 Silicone Sealants Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.2 North America Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3 U.S.
- 7.2.3.1 Key Country Dynamics
- 7.2.3.2 U.S. Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3.3 U.S. Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4 Canada
- 7.2.4.1 Key Country Dynamics
- 7.2.4.2 Canada Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4.3 Canada Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.5 Mexico
- 7.2.5.1 Key Country Dynamics
- 7.2.5.2 Mexico Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.5.3 Mexico Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3 Europe
- 7.3.1 Europe Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2 Europe Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3 Germany
- 7.3.3.1 Key Country Dynamics
- 7.3.3.2 Germany Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3.3 Germany Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4 UK
- 7.3.4.1 Key Country Dynamics
- 7.3.4.2 UK Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4.3 UK Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2 Asia Pacific Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3 China
- 7.4.3.1 Key Country Dynamics
- 7.4.3.2 China Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3.3 China Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4 India
- 7.4.4.1 Key Country Dynamics
- 7.4.4.2 India Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4.3 India Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5 Japan
- 7.4.5.1 Key Country Dynamics
- 7.4.5.2 Japan Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.3 Japan Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5 Central & South America
- 7.5.1 Central & South America Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2 Central & South America Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3 Brazil
- 7.5.3.1 Key Country Dynamics
- 7.5.3.2 Brazil Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3.3 Brazil Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6 Middle East & Africa
- 7.6.1 Middle East & Africa Silicone Sealants Market Estimates and Forecasts, by Technology, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2 Middle East & Africa Silicone Sealants Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8 Competitive Landscape
- 8.1 Recent Development & Imapct Analysis, By Key Market Participants
- 8.2 Company Categorization
- 8.3 Company Market Share Analysis, 2022
- 8.4 Company Heat Map Analysis
- 8.5 Strategy Mapping
- 8.6 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
- 8.6.1 Dow
- 8.6.2 Shin-Etsu Chemical Company
- 8.6.3 Wacker Chemie AG.
- 8.6.4 3M
- 8.6.5 Tremco Incorporated
- 8.6.6 Bostik
- 8.6.7 Sika AG.
- 8.6.8 Henkel Corporation
- 8.6.9 Huntsman International LLC
- 8.6.10 H.B. Fuller
- 8.6.11 Mapei