Our latest research report entitled Silicone Adhesives and Sealants Market (by type (one-component, two-component, and UV cured), technology (PSA, and non-PSA),end-user (building & construction, packaging, healthcare, electrical & electronics, construction, and automotive)) provides complete and deep insights into the market dynamics and growth of Silicone Adhesives and Sealants. Latest information on market risks, industry chain structure Silicone Adhesives and Sealants cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Silicone Adhesives and Sealants growth factors. According to the report, the global silicone adhesives and sealants market are projected to grow at a CAGR of 6.1% over the forecast period of 2018-2024.
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Insights What is the Market Size of the Global Silicone Adhesives And Sealants Market?
Silicone adhesives and sealants is a type of adhesive that contains silicon and oxygen atoms to seal or bond substrates together as an assembly. It has a different chemical composition from other organic polymer-based adhesives. Silicone sealants are resistant to other chemicals, moisture, and weathering. Silicone sealants are commonly used to bind surfaces such as plastic, metal, and glass together. Based on elastomeric technology, silicone adhesives offer unparalleled flexibility and exceptionally high heat resistance, making them suitable for a wide range of applications in the electrical, electronic, automotive, aerospace, and construction industries.
What are the Cost and Revenue Drivers of Silicone Adhesives And Sealants Industry?
The growing demand for high heat resistant and superior adhesive strength for end use industries such as construction, electronics, and automotive industry drives the growth of silicone adhesives and sealants market. Silicone adhesives possess excellent electrical properties and can be developed to be insulative with high dielectric strength and conductivity making it a suitable option in the electronic industry. It is used in PCB modules and system assembly owing to its performance and flexible processing. In addition, the growing demand for reducing the weight of the vehicles promotes the growth of the silicone adhesives and sealants in the automotive sector. It is a suitable alternative to mechanical fastening and clamping. The use of high-performance silicone adhesives and sealants helps to prevent component failures, reduce costly warranty repairs, and improve driving comfort. Furthermore, the rapid growth in the construction industry owing to the rise in population contributes to the growth of silicone adhesives and sealants market. It outlasts organic weatherproofing sealants and lasts longer, thus reducing lifetime costs, and contributes to sustainability. However, the availability of alternative adhesive products restrains the growth of silicone adhesives and sealants market. Moreover, the growing use of silicone and adhesive in medical applications creates fruitful opportunities for market growth.
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Regional Analysis Which is the Largest Regional Market for Silicone Adhesives And Sealants?
Geographically, Asia-Pacific dominates the silicone adhesives and sealants market. The rapidly expanding industrial sector in Asia-Pacific contributes to the growth of Asia Pacific silicone adhesives and sealants market. The demand for silicone adhesives and sealants market is anticipated to rise due to the growing infrastructural development in this region. The North America region has the second largest market share in the silicone adhesives and sealants market due to the rising consumption of electronic products and vehicles. Europe is expected to grow at the fastest pace owing to the growth of the automotive industry in this region.
Segmentation What is the size of the Global Silicone Adhesives And Sealants Market Segment?
The report on global silicone adhesives and sealants market covers segments such as type, technology, and end-user. On the basis of type, the sub-markets include one-component, two-component, and UV cured. On the basis of technology, the sub-markets include PSA and non-PSA. On the basis of end-user, the sub-markets include building & construction, packaging, healthcare, electrical & electronics, construction, and automotive.
Competitive Landscape Who are the Key Players in the Silicone Adhesives And Sealants Market?
The report provides profiles of the companies in the market such as DOW, H.B. Fuller Company, 3M, Delo Industrial Adhesives LLC, AVERY DENNISON CORPORATION, Henkel AG & Co. KGaA, Shin-Etsu Chemical Co., Ltd, Illinois Tool Works Inc. Momentive, Sika, and Wacker Chemie AG.
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