New York, NY, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Silicone Adhesives and Sealants Market by Type (One Component, Two Component, and UV Cured), by Composition (Alkoxy Silicones, Acetic Silicones, Oximinics Silicones, and Amino Silicones), and by End-User (Construction, Automotive, Marine & Aerospace, Electrical & Electronics, Healthcare, Packaging, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026”. According to the report, the global silicone adhesives and sealants market was valued at approximately USD 2,318 million in 2017 and is expected to generate revenue of around USD 3,979 million by the end of 2026, growing at a CAGR of around 6.0% between 2018 and 2026.
Sealants and adhesives are popularly known and used to bond two entirely different substrates. Developing technologies in the polymer and chemical industries have widened the use of silicone adhesives and sealants in several end-user industries. On the basis of offerings and benefits, different types of silicone sealants and adhesives are sold in the market. Silicone has unique characteristics in comparison to other adhesives, like elasticity offered at low temperature and stability at high temperature. Moreover, silicone adhesives are chemically inert and consist of moisture-resistant properties, which allow its application in several end-user industries. Lasting adhesion, durability, and high flexibility properties of silicone adhesives and sealants and rising applications in various end-user industries will prominently help to fuel this market during the forecast period.
Browse through 63 Tables & 31 Figures spread over 110 Pages and in-depth TOC on “Global Silicone Adhesives and Sealants Market: Industry Type, Size, Share, Trends and Forecast, 2018 - 2026”.
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The silicone adhesives and sealants market based on type are fragmented into UV cured, one component, and two components. High performance with remarkably low viscosity for bonding, coating, sealing, encapsulations, and strong adhesion are some factors that make these adhesives suitable for use for a wide range of substrates. The two-component segment is anticipated to hold a substantial share in the silicone adhesives and sealants market, whereas the UV cured segment is anticipated to grow at a significant CAGR during the forecast period.
Based on composition, the silicone adhesives and sealants market is categorized into alkoxy silicones, acetic silicones, oximinics silicones, and amino silicones. The alkoxy silicones segment is anticipated to hold the largest market share in silicone adhesives and sealants market, owing to its high popularity and a wide range of applicability. The amino silicones segment is expected to grow at the highest CAGR during the forecast period.
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Based on end-user, this market is classified into construction, packaging, automotive, marine and aerospace, healthcare, electrical and electronics, and others. The automotive segment is anticipated to grow at a fast rate, due to the rapid development of automotive industry in developing countries and increasing use of silicone adhesive and sealants in automotive processes, such as assembling parts. The construction segment is projected to dominate the market, owing to a high number of applications of silicone adhesives and sealants.
The Asia Pacific region dominates the silicone adhesives and sealants market globally, owing to a high demand for adhesives and sealants in the region. China is anticipated to contribute the largest market in the region, as the country has the largest consumer base and several manufacturers of silicone adhesives and sealants. Moreover, growing electronics and automotive industries in India are anticipated to further fuel this market’s growth during the forecast period. Furthermore, a growing number of construction sites and increasing disposable income will significantly drive this market.
Browse the full "Silicone Adhesives and Sealants Market by Type (One Component, Two Component, and UV Cured), by Composition (Alkoxy Silicones, Acetic Silicones, Oximinics Silicones, and Amino Silicones), and by End-User (Construction, Automotive, Marine & Aerospace, Electrical & Electronics, Healthcare, Packaging, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026" report at https://www.zionmarketresearch.com/report/silicone-adhesives-and-sealants-market
Europe is anticipated to gain a substantial market share in silicone adhesives and sealants market. The presence of various companies in Europe from different sectors, such as automobiles, healthcare, etc., and increasing construction activities are the main factors contributing to this region’s high share in this market globally. Germany, UK, and France are anticipated to be the leading European countries in the silicone adhesives and sealants market in the future.
The North American silicone adhesives and sealants market are expected to show a stagnant growth during the forecast period. Developed market and modest growth in automotive and construction sectors are due to the improvements in housing activities and expansion in vehicle production, which, in turn, will fuel the growth of silicone adhesives and sealants market in North America. The U.S. holds the highest market share in this region. Furthermore, the favorable economic conditions and high per capita income of the population has promoted the silicone adhesives and sealants market.
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As compared to other regions, Latin American and the Middle East and African regions held smaller shares in the silicone adhesives and sealants market. However, comparatively under-penetrated market, improving economic infrastructure, and growing construction and automotive industries will offer good investment opportunities to the manufacturers from this market.
Some key players of this market are 3M, Aerol Formulations Private Limited, Henkel Corporation, Benson Polymers Limited, Mccoy Soudal, Wacker Chemie AG, Momentive, Dow Corning Corporation, MasterBond, among others.
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This report segments the global silicone adhesives and sealants market as follows:
Global Silicone Adhesives and Sealants Market: Type Segment Analysis
- One Component
- Two Component
- UV Cured
Global Silicone Adhesives and Sealants Market: Composition Segment Analysis
- Alkoxy Silicones
- Acetic Silicones
- Oximinics Silicones
- Amino Silicones
Global Silicone Adhesives and Sealants Market: End-User Segment Analysis
- Construction
- Automotive
- Marine & Aerospace
- Electrical & Electronics
- Healthcare
- Packaging
- Others
Global Silicone Adhesives and Sealants Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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