Silicone sealants Market Overview
Silicone sealants market size is forecast to reach US$4.5 billion by 2027, after growing at a CAGR of 4.7%
during 2022-2027. Silicone sealants are an
adhesive of the liquid form used as a bonding agent, in building and construction,
automobiles, electronic appliances, and others. Silicone sealants keep their
elasticity at both high and low temperatures and are also resistant to other
chemicals, moisture, and any weather. It is used as a connecting agent for automotive
parts in a car engine. It is used as sealants for cable and sensors in
electronic devices. Room temperature vulcanizing (RTV) is a silicone rubber compound widely used in
the fields of bonding, sealing, potting, encapsulation, coating, and casting. According to Japan Electronics and Information Technology
Industries Association, total global production by the electronics and IT industries is
expected to increase by 2% year on year in 2020 to reach US$2,972.7 billion and
is expected to boost demand in 2021 with a production increase of 3% year on
year. Therefore the growing electronic devices will boost
the Silicone sealants Market during the forecast period.
COVID-19 Impact
The Covid-19 pandemic has impacted the global economy directly affecting the
manufacturer's supply chain across the globe and shut down the production
facilities to minimize the risk of virus spread. Due to the COVID-19 pandemic, the core
industries such as building and construction, textiles, appliances, automotive have
been highly impacted. Due to social distancing policy, most of the
manufacturing plants were shut down, which declined the production of goods.
There has been a sharped decline in the revenue of the different industries. According to the Royal Institution of Chartered
Surveyors (RICS), globally, 25% of projects were put on hold as a
result of Covid-19 lockdowns. The government and private sectors are taking
necessary action and working for the growth of development of different
industries which will help in the boom of the Silicone sealants market.
Report Coverage
The report: “Silicone sealants Market – Forecast (2022-2027)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Silicone sealants
industry.
By
Type: Acetoxy,
Amino, Oximinics, Acetic, and Others
By
Technology:
Room temperature vulcanizing (RTV), Thermoset or Heat cured, Radiation cured,
Pressure-sensitive, UV Cured and Others
By Application: Glass, HVAC, Paperboard & Packaging, wood & Furniture, Plastic, Plumbing, Sound Damping, Gasketing, and Others
By End-Use Industry: Transportation (Automotive, Aerospace, Marine, Railway and Others), Building & Construction (Residential Construction, Commercial Construction, Infrastructure, and Others), Electrical & Electronics, Household Appliance, Textile Industry, Healthcare, Packaging, Industrial and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (the Middle East and Africa)
Key Takeaways
- The Asia Pacific is expected to register a CAGR of 5.9% during the forecast period (2022-2027). The increasing demand for silicone rubber sealants for building and construction in Asian countries such as China, India, Japan, and South Korea is driving the market demand for Silicone sealants.
- Silicone sealants are used for home repairs and maintenance, construction sealing and adhesion, glass and plastic bonding, and manufacturing of products in electronics, appliances, and automobiles is helping in the growth during the forecast period.
- In the automotive industry, these sealants are used in bonding car
gaskets, engine applications providing gap or sealing joints on your
vehicle, they even function under even the most extreme temperatures and
are highly resistant to UV, alcohol, dilute acids, and other corrosive
fluids.
Figure: Asia Pacific Silicone Sealants Market Revenue, 2021-2027 (US$ Billion)
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Silicone sealants Market Segment Analysis – By Type
The Acetoxy type segment accounted for around 32% of the
market share in 2020 and is estimated to grow at a significant CAGR during the
forecast period. The factor that is helping in the growth of Acetoxy type Silicone
sealants is building and construction in windows and door frames,
kitchens-backsplashes, countertop sealing, bathrooms & bathtubs, and
others. According to the Associated General Contractors of America (AGC), the construction industry amounted to nearly $1.4
trillion worth of structures each year having more than 733,000 employers with
over 7 million employees. Therefore,
the growing demand for sealants in the construction and building is boosting
the demand for Silicone sealants insecticides during the forecast period.
Silicone sealants Market Segment Analysis - By Technology
The
Room temperature vulcanizing (RTV) type segment accounted for approximately 28% of the market share in 2020 and is estimated to grow at a significant CAGR
during the forecast period. The Room temperature vulcanizing (RTV) is used to
assemble the engine, sealing all kinds of leaks in the automotive sector to drive smoothly even in extreme environments owing
to several properties like adhesiveness,
water-repellency, and bonding, which makes the materials ideal for sealing. According to Organisation
Internationale des Constructeurs d'Automobiles, cumulative sales of vehicles
from January to June are 2,77,79,932 in 2020 and 3,56,03,479 in 2021. Therefore
the growing demand for automotive sales is driving the Room temperature
vulcanizing type segments during the forecast period.
Silicone sealants Market Segment Analysis – By Application
The glass segment accounted for more than 18% of the market share in 2020 and is estimated to grow significantly during the forecast period. The increase in demand for glass in building and construction, aerospace, automobile, and others are fueling the market for Silicone sealants. In buildings and the construction industry, these silicone sealants are used for sealing glass windows in buildings, sealing gaps or cracks around windows, door frames, baseboards, glass decorative walls, and molding, glazing joints, kitchen, and bathroom glazing applications. According to Glass for Europe, 80% of flat glass is used in building & construction, 15% in transportation, and 5% for other sectors like electronic appliances, solar panels with the total production of 10 million tonnes every year in Europe. Therefore, the growing usage of glass will increase the demand for Silicone sealants during the forecast period.
Silicone sealants Market Segment Analysis - By End-Use Industry
The Construction segment accounted for more than 35% of the market share in 2020 and is estimated to grow significantly during the forecast period. The usage of silicone sealants in construction due to phenomenal properties like UV resistance, electric, thermal and mechanical properties are helping in the growth of the silicone sealants market during the forecast period. The sealants are used to fill gaps, kitchen and bathroom fittings, floor sealing, long-lasting paints & coatings, building and ceiling wiring giving water resistance property that is driving the market. According to BC Construction Association (BCCA), US$ 125 billion construction projects are underway and US$ 220 billion are proposed projects currently in Canada. The growing construction industry will fuel the demand for Silicone Sealants by 2027.
Silicone sealants Market Segment Analysis - By Geography
Asia Pacific region held the largest share in
the Silicone sealants market in 2020 up to 45%,
owing to the presence of large Infrastructure projects in developing countries
like China, India, Indonesia, and others. The comprehensive use of Silicone
sealants in fixing glass indoor, windows, exterior, and interior decors is
growing the demand for silicone sealants in building and construction sector. According to
Invest India, 100 smart cities project is under progress, 600 railway station
are planned for redevelopment, the net office space absorption is around 31.9
million square feet in 2020 and the construction sector is expected to grow at 7.1%
each year by 2025. Therefore, the growing construction sector is growing the
demand for the Silicone sealants Market.
Silicone sealants Market Drivers:
The growing trend of Lightweight Vehicle in the Automotive
The
growing demand for lightweight vehicles and electric vehicles is driving the
Silicone Sealants market. The usage of silicone sealants in reducing the weight
of a vehicle and improving thermal and mechanical properties are fueling the silicone
sealants market. According to the International
Energy Agency, electric car vehicle has been increasing in the past decade. The
registration of vehicles has increased by 41% in 2020 with 10 million electric
vehicles on road globally by end of 2020. The electric cars sold in 2020 were
around 3 million with a sales increase to 4.6% sales and Europe dominated China
as the world’s largest electric vehicle market for the first time. Therefore,
the growing demand for electric vehicles will be driving the Silicone sealants
market during the forecast period.
Increasing demand for HVAC
Silicone sealants Market Challenges:
Growing environmental concern
The growing environmental concerns due to the usage of the
eruptive organic component in silicone adhesives and sealants are restraining
the market growth. The increasing demand for eco-friendly sealants in various
sectors like construction, automobile, Electrical & Electronics, Household appliances, and
others are restraining the market growth. Strict regulations are implemented by
European Union, US, and others for the use of silicone sealants due to safety and avoiding health issues associated with VOCs
emissions from chemical products. Therefore the growing environmental
concern and use of biobased sealants are restraining the demand for Silicone Sealants
during the forecast period.
Silicone sealants Market Landscape
Technology launches, acquisitions, and
R&D activities are key strategies adopted by players in the Silicone sealants market. Major players in
the Silicone sealants market are:
- 3M Company
- BASF
- H.B Fuller company
- Dow Silicones Corporation
- RPM International, Inc.
- Henkel AG & Co
- DuPont
- Wacker Chemie AG
- Shin-Etsu Silicones
- E. I. du Pont de Nemours and Company
Recent Developments
- In October
2021, The Munich-based chemical company Wacker has acquired a 60% of stake in
specialty silane manufacturer (SICO) Performance Material company to strengthen
the Silicone business by expanding the range of high-performance specialty
products in Asia.
- In June 2020, RWC has launched two new moisture-resistant silicone fire sealant products dubbed HF300SL and HF300CG designed for applications with exposure to high moisture levels or that require UL-listed W ratings.
Relevant Reports
Polyurethane Sealants Market – Forecast
(2021 - 2026)
High-Temperature Adhesive and Sealants
Market - Forecast(2021 - 2026)
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CMR 34172
Fibrin Sealants Market - Forecast(2021 -
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Waterproof Adhesives and Sealants Market -
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LIST OF TABLES
1.Global Silicone Sealant Application Outlook Market 2019-2024 ($M)1.1 Construction Market 2019-2024 ($M) - Global Industry Research
1.2 Insulating Glass Market 2019-2024 ($M) - Global Industry Research
1.3 Automotive Market 2019-2024 ($M) - Global Industry Research
1.4 Industrial Market 2019-2024 ($M) - Global Industry Research
2.Global Competitive Landscape Market 2019-2024 ($M)
2.1 Dow Corning Corp Market 2019-2024 ($M) - Global Industry Research
2.2 Shin-Etsu Chemical Company Market 2019-2024 ($M) - Global Industry Research
2.3 Wacker Chemie Ag Market 2019-2024 ($M) - Global Industry Research
2.4 Tremco Incorporated Market 2019-2024 ($M) - Global Industry Research
2.5 3M Company Market 2019-2024 ($M) - Global Industry Research
2.6 H.B. Fuller Market 2019-2024 ($M) - Global Industry Research
2.7 Bostik Company Market 2019-2024 ($M) - Global Industry Research
2.8 Sika Group Market 2019-2024 ($M) - Global Industry Research
2.9 Henkel Ag Co. Kgaa Market 2019-2024 ($M) - Global Industry Research
2.10 Huntsman International Llc Market 2019-2024 ($M) - Global Industry Research
2.11 Mapei U K Ltd Market 2019-2024 ($M) - Global Industry Research
2.12 Dow Automotive System Market 2019-2024 ($M) - Global Industry Research
2.13 Royal Adhesive Sealant Market 2019-2024 ($M) - Global Industry Research
2.14 Gardner-Gibson Inc Market 2019-2024 ($M) - Global Industry Research
2.15 American Sealants, Inc Market 2019-2024 ($M) - Global Industry Research
3.Global Silicone Sealant Application Outlook Market 2019-2024 (Volume/Units)
3.1 Construction Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Insulating Glass Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Industrial Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Competitive Landscape Market 2019-2024 (Volume/Units)
4.1 Dow Corning Corp Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Shin-Etsu Chemical Company Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Wacker Chemie Ag Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Tremco Incorporated Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 3M Company Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 H.B. Fuller Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Bostik Company Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Sika Group Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Henkel Ag Co. Kgaa Market 2019-2024 (Volume/Units) - Global Industry Research
4.10 Huntsman International Llc Market 2019-2024 (Volume/Units) - Global Industry Research
4.11 Mapei U K Ltd Market 2019-2024 (Volume/Units) - Global Industry Research
4.12 Dow Automotive System Market 2019-2024 (Volume/Units) - Global Industry Research
4.13 Royal Adhesive Sealant Market 2019-2024 (Volume/Units) - Global Industry Research
4.14 Gardner-Gibson Inc Market 2019-2024 (Volume/Units) - Global Industry Research
4.15 American Sealants, Inc Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Silicone Sealant Application Outlook Market 2019-2024 ($M)
5.1 Construction Market 2019-2024 ($M) - Regional Industry Research
5.2 Insulating Glass Market 2019-2024 ($M) - Regional Industry Research
5.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
5.4 Industrial Market 2019-2024 ($M) - Regional Industry Research
6.North America Competitive Landscape Market 2019-2024 ($M)
6.1 Dow Corning Corp Market 2019-2024 ($M) - Regional Industry Research
6.2 Shin-Etsu Chemical Company Market 2019-2024 ($M) - Regional Industry Research
6.3 Wacker Chemie Ag Market 2019-2024 ($M) - Regional Industry Research
6.4 Tremco Incorporated Market 2019-2024 ($M) - Regional Industry Research
6.5 3M Company Market 2019-2024 ($M) - Regional Industry Research
6.6 H.B. Fuller Market 2019-2024 ($M) - Regional Industry Research
6.7 Bostik Company Market 2019-2024 ($M) - Regional Industry Research
6.8 Sika Group Market 2019-2024 ($M) - Regional Industry Research
6.9 Henkel Ag Co. Kgaa Market 2019-2024 ($M) - Regional Industry Research
6.10 Huntsman International Llc Market 2019-2024 ($M) - Regional Industry Research
6.11 Mapei U K Ltd Market 2019-2024 ($M) - Regional Industry Research
6.12 Dow Automotive System Market 2019-2024 ($M) - Regional Industry Research
6.13 Royal Adhesive Sealant Market 2019-2024 ($M) - Regional Industry Research
6.14 Gardner-Gibson Inc Market 2019-2024 ($M) - Regional Industry Research
6.15 American Sealants, Inc Market 2019-2024 ($M) - Regional Industry Research
7.South America Silicone Sealant Application Outlook Market 2019-2024 ($M)
7.1 Construction Market 2019-2024 ($M) - Regional Industry Research
7.2 Insulating Glass Market 2019-2024 ($M) - Regional Industry Research
7.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
7.4 Industrial Market 2019-2024 ($M) - Regional Industry Research
8.South America Competitive Landscape Market 2019-2024 ($M)
8.1 Dow Corning Corp Market 2019-2024 ($M) - Regional Industry Research
8.2 Shin-Etsu Chemical Company Market 2019-2024 ($M) - Regional Industry Research
8.3 Wacker Chemie Ag Market 2019-2024 ($M) - Regional Industry Research
8.4 Tremco Incorporated Market 2019-2024 ($M) - Regional Industry Research
8.5 3M Company Market 2019-2024 ($M) - Regional Industry Research
8.6 H.B. Fuller Market 2019-2024 ($M) - Regional Industry Research
8.7 Bostik Company Market 2019-2024 ($M) - Regional Industry Research
8.8 Sika Group Market 2019-2024 ($M) - Regional Industry Research
8.9 Henkel Ag Co. Kgaa Market 2019-2024 ($M) - Regional Industry Research
8.10 Huntsman International Llc Market 2019-2024 ($M) - Regional Industry Research
8.11 Mapei U K Ltd Market 2019-2024 ($M) - Regional Industry Research
8.12 Dow Automotive System Market 2019-2024 ($M) - Regional Industry Research
8.13 Royal Adhesive Sealant Market 2019-2024 ($M) - Regional Industry Research
8.14 Gardner-Gibson Inc Market 2019-2024 ($M) - Regional Industry Research
8.15 American Sealants, Inc Market 2019-2024 ($M) - Regional Industry Research
9.Europe Silicone Sealant Application Outlook Market 2019-2024 ($M)
9.1 Construction Market 2019-2024 ($M) - Regional Industry Research
9.2 Insulating Glass Market 2019-2024 ($M) - Regional Industry Research
9.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
9.4 Industrial Market 2019-2024 ($M) - Regional Industry Research
10.Europe Competitive Landscape Market 2019-2024 ($M)
10.1 Dow Corning Corp Market 2019-2024 ($M) - Regional Industry Research
10.2 Shin-Etsu Chemical Company Market 2019-2024 ($M) - Regional Industry Research
10.3 Wacker Chemie Ag Market 2019-2024 ($M) - Regional Industry Research
10.4 Tremco Incorporated Market 2019-2024 ($M) - Regional Industry Research
10.5 3M Company Market 2019-2024 ($M) - Regional Industry Research
10.6 H.B. Fuller Market 2019-2024 ($M) - Regional Industry Research
10.7 Bostik Company Market 2019-2024 ($M) - Regional Industry Research
10.8 Sika Group Market 2019-2024 ($M) - Regional Industry Research
10.9 Henkel Ag Co. Kgaa Market 2019-2024 ($M) - Regional Industry Research
10.10 Huntsman International Llc Market 2019-2024 ($M) - Regional Industry Research
10.11 Mapei U K Ltd Market 2019-2024 ($M) - Regional Industry Research
10.12 Dow Automotive System Market 2019-2024 ($M) - Regional Industry Research
10.13 Royal Adhesive Sealant Market 2019-2024 ($M) - Regional Industry Research
10.14 Gardner-Gibson Inc Market 2019-2024 ($M) - Regional Industry Research
10.15 American Sealants, Inc Market 2019-2024 ($M) - Regional Industry Research
11.APAC Silicone Sealant Application Outlook Market 2019-2024 ($M)
11.1 Construction Market 2019-2024 ($M) - Regional Industry Research
11.2 Insulating Glass Market 2019-2024 ($M) - Regional Industry Research
11.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
11.4 Industrial Market 2019-2024 ($M) - Regional Industry Research
12.APAC Competitive Landscape Market 2019-2024 ($M)
12.1 Dow Corning Corp Market 2019-2024 ($M) - Regional Industry Research
12.2 Shin-Etsu Chemical Company Market 2019-2024 ($M) - Regional Industry Research
12.3 Wacker Chemie Ag Market 2019-2024 ($M) - Regional Industry Research
12.4 Tremco Incorporated Market 2019-2024 ($M) - Regional Industry Research
12.5 3M Company Market 2019-2024 ($M) - Regional Industry Research
12.6 H.B. Fuller Market 2019-2024 ($M) - Regional Industry Research
12.7 Bostik Company Market 2019-2024 ($M) - Regional Industry Research
12.8 Sika Group Market 2019-2024 ($M) - Regional Industry Research
12.9 Henkel Ag Co. Kgaa Market 2019-2024 ($M) - Regional Industry Research
12.10 Huntsman International Llc Market 2019-2024 ($M) - Regional Industry Research
12.11 Mapei U K Ltd Market 2019-2024 ($M) - Regional Industry Research
12.12 Dow Automotive System Market 2019-2024 ($M) - Regional Industry Research
12.13 Royal Adhesive Sealant Market 2019-2024 ($M) - Regional Industry Research
12.14 Gardner-Gibson Inc Market 2019-2024 ($M) - Regional Industry Research
12.15 American Sealants, Inc Market 2019-2024 ($M) - Regional Industry Research
13.MENA Silicone Sealant Application Outlook Market 2019-2024 ($M)
13.1 Construction Market 2019-2024 ($M) - Regional Industry Research
13.2 Insulating Glass Market 2019-2024 ($M) - Regional Industry Research
13.3 Automotive Market 2019-2024 ($M) - Regional Industry Research
13.4 Industrial Market 2019-2024 ($M) - Regional Industry Research
14.MENA Competitive Landscape Market 2019-2024 ($M)
14.1 Dow Corning Corp Market 2019-2024 ($M) - Regional Industry Research
14.2 Shin-Etsu Chemical Company Market 2019-2024 ($M) - Regional Industry Research
14.3 Wacker Chemie Ag Market 2019-2024 ($M) - Regional Industry Research
14.4 Tremco Incorporated Market 2019-2024 ($M) - Regional Industry Research
14.5 3M Company Market 2019-2024 ($M) - Regional Industry Research
14.6 H.B. Fuller Market 2019-2024 ($M) - Regional Industry Research
14.7 Bostik Company Market 2019-2024 ($M) - Regional Industry Research
14.8 Sika Group Market 2019-2024 ($M) - Regional Industry Research
14.9 Henkel Ag Co. Kgaa Market 2019-2024 ($M) - Regional Industry Research
14.10 Huntsman International Llc Market 2019-2024 ($M) - Regional Industry Research
14.11 Mapei U K Ltd Market 2019-2024 ($M) - Regional Industry Research
14.12 Dow Automotive System Market 2019-2024 ($M) - Regional Industry Research
14.13 Royal Adhesive Sealant Market 2019-2024 ($M) - Regional Industry Research
14.14 Gardner-Gibson Inc Market 2019-2024 ($M) - Regional Industry Research
14.15 American Sealants, Inc Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Silicone Sealants Market Revenue, 2019-2024 ($M)2.Canada Silicone Sealants Market Revenue, 2019-2024 ($M)
3.Mexico Silicone Sealants Market Revenue, 2019-2024 ($M)
4.Brazil Silicone Sealants Market Revenue, 2019-2024 ($M)
5.Argentina Silicone Sealants Market Revenue, 2019-2024 ($M)
6.Peru Silicone Sealants Market Revenue, 2019-2024 ($M)
7.Colombia Silicone Sealants Market Revenue, 2019-2024 ($M)
8.Chile Silicone Sealants Market Revenue, 2019-2024 ($M)
9.Rest of South America Silicone Sealants Market Revenue, 2019-2024 ($M)
10.UK Silicone Sealants Market Revenue, 2019-2024 ($M)
11.Germany Silicone Sealants Market Revenue, 2019-2024 ($M)
12.France Silicone Sealants Market Revenue, 2019-2024 ($M)
13.Italy Silicone Sealants Market Revenue, 2019-2024 ($M)
14.Spain Silicone Sealants Market Revenue, 2019-2024 ($M)
15.Rest of Europe Silicone Sealants Market Revenue, 2019-2024 ($M)
16.China Silicone Sealants Market Revenue, 2019-2024 ($M)
17.India Silicone Sealants Market Revenue, 2019-2024 ($M)
18.Japan Silicone Sealants Market Revenue, 2019-2024 ($M)
19.South Korea Silicone Sealants Market Revenue, 2019-2024 ($M)
20.South Africa Silicone Sealants Market Revenue, 2019-2024 ($M)
21.North America Silicone Sealants By Application
22.South America Silicone Sealants By Application
23.Europe Silicone Sealants By Application
24.APAC Silicone Sealants By Application
25.MENA Silicone Sealants By Application