Silicone Sealants Market Size
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 5.21 Billion |
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Market Size (2028) | USD 6.57 Billion |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.97 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Silicone Sealants Market Analysis
The Silicone Sealants Market size is estimated at 5.21 billion USD in 2024, and is expected to reach 6.57 billion USD by 2028, growing at a CAGR of 5.97% during the forecast period (2024-2028).
5.21 Billion
Market Size in 2024 (USD)
6.57 Billion
Market Size in 2028 (USD)
5.40 %
CAGR (2017-2023)
5.97 %
CAGR (2024-2028)
Largest Market by End-user Industry
54.60 %
value share, Building and Construction, 2023
Building and construction is the dominant end-user industry for the global silicone sealants market owing to its wide range of structural applications, including joint sealing, windows, doors, and facade.
Fastest Growing Market by End-user Industry
6.45 %
Projected CAGR, Building and Construction, 2024-2028
Building and construction is expected to be the fastest-growing segment in the market due to the increasing number of residential and commercial complexes in developing economies.
Largest Market by Region
41.64 %
value share, Asia-Pacific, 2023
Asia-Pacific, driven mainly by India, China, South Korea, and Japan, is a major silicone sealant consumer owing to the usage of sealants in various end-user industries, including construction, medical, automotive, and aerospace.
Fastest Growing Market by Region
6.24 %
Projected CAGR, Europe, 2024-2028
Due to the increasing population and rapid urbanization in countries such as China, India, South Korea, and Japan, the Asia-Pacific region is projected to be the fastest-growing region in the market during the forecast period.
Leading Market Player
9.77 %
market share, Sika AG, 2021
Sika AG has been witnessing increasing volume sales globally due to the popularity of its products mostly in the building and construction industry.
Emerging construction and automotive end-use sector expected to boost the consumption of silicone sealants, globally
- Silicone sealants are the most used type because of their unique properties, such as curing between temperatures of 40 degrees F to 140 degrees F, with drying only, good adhesion to porous surfaces, etc.
- Silicone sealants are widely used in the construction industry because of their applications, such as waterproofing, weather sealing, and crack sealing. The global construction industry is expected to grow at 3.5% per annum up to 2030. China, India, the United States, and Indonesia are expected to account for about 58% of global construction.
- Silicone sealants are widely used in the automotive industry because they apply to glass, metal, plastic, and painted surfaces. Their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. They are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to record a 17.75% CAGR during the forecast period because of the increase in demand for the same in growing economies. This is expected to boost demand for automotive silicone sealants in the forecast period.
- Silicone sealants are widely used in electronics and electrical equipment manufacturing. They are used for sealing sensors and cables. The electronics and household appliances industries are expected to grow at a CAGR of 2.51% and 5.77%, respectively, globally, which may drive the demand for silicone sealants during the forecast period.
- Silicone resin-based sealants are used in the healthcare industry for assembling and sealing medical device parts. The increase in healthcare investments worldwide is expected to lead to a rise in demand during the forecast period.
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Inflating demand from China's construction sector and Europe's automotive industry likely to drive the global sales of silicone sealants
- Silicone sealants are consumed across the globe due to their strong sealing properties. These sealants are used in more than ten industries, including building and construction, automotive, and electronics. Silicone sealants are consumed mainly in the building and construction industry. The new floor area, including residential and non-residential buildings, was expected to reach 41.7 billion square footage in 2022, 6.15% more than in 2021. As a result, the consumption of silicone sealants witnessed a growth of 8.33% in 2022 compared to 2021.
- The demand for silicone sealants fell by 9.09% in 2020 compared to 2019 due to the COVID-19 pandemic's impact on many countries worldwide, including the United States, Germany, China, and Saudi Arabia. Production facilities were shut down during the period owing to lockdowns in many countries, which resulted in an irregular supply of raw materials for production.
- Asia-Pacific accounts for the highest silicone sealants consumption due to the rising building and construction and automotive industries. About 45% of the total construction investment in the world was set to come from this region in 2022. China is the world's largest construction industry, and it is expected to record a CAGR of 8.6% during the period 2022-2030. In Japan, the number of housing construction starts in 2021 were 856.48 thousand units, 4.8% more than in 2020. Such growth in the Asia-Pacific construction industry is expected to drive demand for silicone sealants over the forecast period.
- Silicone sealants are also widely consumed in Europe. Automotive production is expected to reach 19.2 million units by 2027 from 16.3 million units in 2021. These developments are expected to boost the demand for silicone sealants over the forecast period.
Global Silicone Sealants Market Trends
Growing residential and infrastructural development to thrive the construction sector
- The building and construction industry witnessed steady growth, with a CAGR of 2.6% from 2017 to 2019. This growth was driven by the upswing in global economic activity and increasing demand for single-family homes. In 2020, the COVID-19 pandemic had a major impact on the global building and construction industry. Constraints in labor supply, disruptions in construction finances and the supply chain, and economic uncertainty negatively impacted the global building and construction industry.
- Though the industry showed positive growth in 2021, the pandemic's effect on supply chains, which resulted in a hike in raw material prices, is still plaguing the industry. However, as the construction industry heavily influences a nation's economy, countries in Europe, North America, and Asia-Pacific have used the construction industry to restart their economic cycles by offering support schemes. Some support schemes include the Homebuilder Programme in Australia and the economic recovery plan of EU countries.
- The Asia-Pacific region experiences the highest volume of construction activities, and it is expected to remain the largest construction market till 2028 due to its huge population, increasing urbanization, and increasing investments in infrastructural development in countries like China, India, Japan, Indonesia, and South Korea.
- Increasing emphasis on green buildings and efforts to reduce emissions from global construction activities are expected to result in more sustainable operational procedures during the forecast period. For example, France has sanctioned EUR 7.5 billion for the construction industry to transform itself into a low-carbon energy economy.
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Favorable government policies to promote electric vehicles will propel automotive industry
- Since 2021, the global automotive industry has been expected to grow steadily but at a slower pace because of the decline in consumers' preferences for individual ownership of passenger vehicles and their increased preference for shared mobility in transportation. The global automotive industry is expected to experience a growth rate of 2% annually, with an expected value addition of USD 1.5 trillion in total revenue during the forecast period.
- In 2020, due to the impact of the COVID-19 pandemic, vehicle sales declined but recovered rapidly in 2021 because the governments of various countries took measures to support their economies, as automotive markets usually contribute majorly to their GDP. Vehicle sales declined from 90 million units of passenger vehicles in 2019 to 78 million units in 2020.
- The introduction of electric vehicles worldwide has contributed significantly to the overall revenue of the global automotive market because of their cheaper energy costs, environmentally benign nature, and efficient mobility features. Various government policies and standards also work as driving factors to increase EV production. For instance, the EU standards for CO2 emissions increased the demand for electric vehicles in 2021. As per the IEA's Sustainable Scenario, 230 million electric vehicles are required to replace combustion fuel-based vehicles by 2030. In 2021, Tesla, the largest EV manufacturer, recorded a rise of 157% in the number of electric vehicles manufactured. This growing trend of consumers preferring electric vehicles is expected to rise further during the forecast period (2022-2028).
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rapid growth of civil and military aviation will boost the aircraft production
Silicone Sealants Industry Overview
The Silicone Sealants Market is fragmented, with the top five companies occupying 29.40%. The major players in this market are Chengdu Guibao Science and Technology Co., Ltd., Dow, Henkel AG & Co. KGaA, Sika AG and Soudal Holding N.V. (sorted alphabetically).
Silicone Sealants Market Leaders
Chengdu Guibao Science and Technology Co., Ltd.
Dow
Henkel AG & Co. KGaA
Sika AG
Soudal Holding N.V.
Other important companies include 3M, Arkema Group, Guangzhou Jointas Chemical Co.,Ltd., H.B. Fuller Company, Illinois Tool Works Inc., MAPEI S.p.A., Momentive, RPM International Inc., Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG.
*Disclaimer: Major Players sorted in alphabetical order.
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Silicone Sealants Market News
- May 2022: ITW Performance Polymers announced a distribution partnership with PREMA SA in Poland for its Devcon brand.
- December 2021: Sika planned to establish a new technology center and manufacturing factory for high-quality adhesives and sealants in Pune, India. The company primarily manufactures products for the transportation and construction industries through its three new production lines.
- July 2021: RPM International Inc. procured a 178,000-square-foot chemical manufacturing facility in Texas to act as a manufacturing campus, owned and operated by RPM’s Tremco Construction Products Group, to meet customer demand and strengthen its supply chain.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
Silicone Sealants Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
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4.2 Regulatory Framework
- 4.2.1 Argentina
- 4.2.2 Australia
- 4.2.3 Brazil
- 4.2.4 Canada
- 4.2.5 China
- 4.2.6 EU
- 4.2.7 India
- 4.2.8 Indonesia
- 4.2.9 Japan
- 4.2.10 Malaysia
- 4.2.11 Mexico
- 4.2.12 Russia
- 4.2.13 Saudi Arabia
- 4.2.14 Singapore
- 4.2.15 South Africa
- 4.2.16 South Korea
- 4.2.17 Thailand
- 4.2.18 United States
- 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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5.1 End User Industry
- 5.1.1 Aerospace
- 5.1.2 Automotive
- 5.1.3 Building and Construction
- 5.1.4 Healthcare
- 5.1.5 Other End-user Industries
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5.2 Region
- 5.2.1 Asia-Pacific
- 5.2.1.1 Australia
- 5.2.1.2 China
- 5.2.1.3 India
- 5.2.1.4 Indonesia
- 5.2.1.5 Japan
- 5.2.1.6 Malaysia
- 5.2.1.7 Singapore
- 5.2.1.8 South Korea
- 5.2.1.9 Thailand
- 5.2.1.10 Rest of Asia-Pacific
- 5.2.2 Europe
- 5.2.2.1 France
- 5.2.2.2 Germany
- 5.2.2.3 Italy
- 5.2.2.4 Russia
- 5.2.2.5 Spain
- 5.2.2.6 United Kingdom
- 5.2.2.7 Rest of Europe
- 5.2.3 Middle East & Africa
- 5.2.3.1 Saudi Arabia
- 5.2.3.2 South Africa
- 5.2.3.3 Rest of Middle East & Africa
- 5.2.4 North America
- 5.2.4.1 Canada
- 5.2.4.2 Mexico
- 5.2.4.3 United States
- 5.2.4.4 Rest of North America
- 5.2.5 South America
- 5.2.5.1 Argentina
- 5.2.5.2 Brazil
- 5.2.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 Chengdu Guibao Science and Technology Co., Ltd.
- 6.4.4 Dow
- 6.4.5 Guangzhou Jointas Chemical Co.,Ltd.
- 6.4.6 H.B. Fuller Company
- 6.4.7 Henkel AG & Co. KGaA
- 6.4.8 Illinois Tool Works Inc.
- 6.4.9 MAPEI S.p.A.
- 6.4.10 Momentive
- 6.4.11 RPM International Inc.
- 6.4.12 Shin-Etsu Chemical Co., Ltd.
- 6.4.13 Sika AG
- 6.4.14 Soudal Holding N.V.
- 6.4.15 Wacker Chemie AG
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
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8.1 Global Adhesives and Sealants Industry Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Drivers, Restraints, and Opportunities
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, GLOBAL, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017-2028
- Figure 4:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 5:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 6:
- VOLUME OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 7:
- VALUE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 8:
- VOLUME SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 9:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 10:
- VOLUME OF SILICONE SEALANTS CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 11:
- VALUE OF SILICONE SEALANTS CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 12:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED IN AEROSPACE INDUSTRY BY REGION, %, GLOBAL, 2021 VS 2028
- Figure 13:
- VOLUME OF SILICONE SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 14:
- VALUE OF SILICONE SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 15:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY BY REGION, %, GLOBAL, 2021 VS 2028
- Figure 16:
- VOLUME OF SILICONE SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 17:
- VALUE OF SILICONE SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 18:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY REGION, %, GLOBAL, 2021 VS 2028
- Figure 19:
- VOLUME OF SILICONE SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 20:
- VALUE OF SILICONE SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 21:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED IN HEALTHCARE INDUSTRY BY REGION, %, GLOBAL, 2021 VS 2028
- Figure 22:
- VOLUME OF SILICONE SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 23:
- VALUE OF SILICONE SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 24:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY REGION, %, GLOBAL, 2021 VS 2028
- Figure 25:
- VOLUME OF SILICONE SEALANTS CONSUMED BY REGION, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 26:
- VALUE OF SILICONE SEALANTS CONSUMED BY REGION, USD, GLOBAL, 2017 - 2028
- Figure 27:
- VOLUME SHARE OF SILICONE SEALANTS CONSUMED BY REGION, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 28:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY REGION, %, GLOBAL, 2016 VS 2022 VS 2028
- Figure 29:
- VOLUME OF SILICONE SEALANTS CONSUMED BY COUNTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 30:
- VALUE OF SILICONE SEALANTS CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 31:
- VOLUME SHARE OF SILICONE SEALANTS CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 32:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 33:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, AUSTRALIA, 2017 - 2028
- Figure 34:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, AUSTRALIA, 2017 - 2028
- Figure 35:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2021 VS 2028
- Figure 36:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, CHINA, 2017 - 2028
- Figure 37:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, CHINA, 2017 - 2028
- Figure 38:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, CHINA, 2021 VS 2028
- Figure 39:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, INDIA, 2017 - 2028
- Figure 40:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, INDIA, 2017 - 2028
- Figure 41:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, INDIA, 2021 VS 2028
- Figure 42:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
- Figure 43:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, INDONESIA, 2017 - 2028
- Figure 44:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
- Figure 45:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, JAPAN, 2017 - 2028
- Figure 46:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, JAPAN, 2017 - 2028
- Figure 47:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, JAPAN, 2021 VS 2028
- Figure 48:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, MALAYSIA, 2017 - 2028
- Figure 49:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, MALAYSIA, 2017 - 2028
- Figure 50:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2021 VS 2028
- Figure 51:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, SINGAPORE, 2017 - 2028
- Figure 52:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, SINGAPORE, 2017 - 2028
- Figure 53:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, SINGAPORE, 2021 VS 2028
- Figure 54:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
- Figure 55:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, SOUTH KOREA, 2017 - 2028
- Figure 56:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
- Figure 57:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
- Figure 58:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, THAILAND, 2017 - 2028
- Figure 59:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
- Figure 60:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 61:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 62:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2021 VS 2028
- Figure 63:
- VOLUME OF SILICONE SEALANTS CONSUMED BY COUNTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 64:
- VALUE OF SILICONE SEALANTS CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2028
- Figure 65:
- VOLUME SHARE OF SILICONE SEALANTS CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 66:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 67:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 68:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 69:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 70:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, GERMANY, 2017 - 2028
- Figure 71:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, GERMANY, 2017 - 2028
- Figure 72:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, GERMANY, 2021 VS 2028
- Figure 73:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, ITALY, 2017 - 2028
- Figure 74:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, ITALY, 2017 - 2028
- Figure 75:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, ITALY, 2021 VS 2028
- Figure 76:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, RUSSIA, 2017 - 2028
- Figure 77:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, RUSSIA, 2017 - 2028
- Figure 78:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2021 VS 2028
- Figure 79:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, SPAIN, 2017 - 2028
- Figure 80:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, SPAIN, 2017 - 2028
- Figure 81:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, SPAIN, 2021 VS 2028
- Figure 82:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, UNITED KINGDOM, 2017 - 2028
- Figure 83:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, UNITED KINGDOM, 2017 - 2028
- Figure 84:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2021 VS 2028
- Figure 85:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, REST OF EUROPE, 2017 - 2028
- Figure 86:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, REST OF EUROPE, 2017 - 2028
- Figure 87:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2021 VS 2028
- Figure 88:
- VOLUME OF SILICONE SEALANTS CONSUMED BY COUNTRY, KILOGRAM, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 89:
- VALUE OF SILICONE SEALANTS CONSUMED BY COUNTRY, USD, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 90:
- VOLUME SHARE OF SILICONE SEALANTS CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2016 VS 2022 VS 2028
- Figure 91:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2016 VS 2022 VS 2028
- Figure 92:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, SAUDI ARABIA, 2017 - 2028
- Figure 93:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, SAUDI ARABIA, 2017 - 2028
- Figure 94:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2021 VS 2028
- Figure 95:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, SOUTH AFRICA, 2017 - 2028
- Figure 96:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, SOUTH AFRICA, 2017 - 2028
- Figure 97:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2021 VS 2028
- Figure 98:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 99:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 100:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST & AFRICA, 2021 VS 2028
- Figure 101:
- VOLUME OF SILICONE SEALANTS CONSUMED BY COUNTRY, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 102:
- VALUE OF SILICONE SEALANTS CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2028
- Figure 103:
- VOLUME SHARE OF SILICONE SEALANTS CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 104:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY COUNTRY, %, NORTH AMERICA, 2016 VS 2022 VS 2028
- Figure 105:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, CANADA, 2017 - 2028
- Figure 106:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, CANADA, 2017 - 2028
- Figure 107:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, CANADA, 2021 VS 2028
- Figure 108:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 109:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 110:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 111:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 112:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 113:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2021 VS 2028
- Figure 114:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, REST OF NORTH AMERICA, 2017 - 2028
- Figure 115:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, REST OF NORTH AMERICA, 2017 - 2028
- Figure 116:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, REST OF NORTH AMERICA, 2021 VS 2028
- Figure 117:
- VOLUME OF SILICONE SEALANTS CONSUMED BY COUNTRY, KILOGRAM, SOUTH AMERICA, 2017 - 2028
- Figure 118:
- VALUE OF SILICONE SEALANTS CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2028
- Figure 119:
- VOLUME SHARE OF SILICONE SEALANTS CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2016 VS 2022 VS 2028
- Figure 120:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2016 VS 2022 VS 2028
- Figure 121:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, ARGENTINA, 2017 - 2028
- Figure 122:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, ARGENTINA, 2017 - 2028
- Figure 123:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2021 VS 2028
- Figure 124:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, BRAZIL, 2017 - 2028
- Figure 125:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, BRAZIL, 2017 - 2028
- Figure 126:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2021 VS 2028
- Figure 127:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 128:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 129:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2021 VS 2028
- Figure 130:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
- Figure 131:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
- Figure 132:
- REVENUE SHARE OF SILICONE SEALANTS BY MAJOR PLAYERS, %, GLOBAL, 2021
Silicone Sealants Industry Segmentation
Aerospace, Automotive, Building and Construction, Healthcare are covered as segments by End User Industry. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.
- Silicone sealants are the most used type because of their unique properties, such as curing between temperatures of 40 degrees F to 140 degrees F, with drying only, good adhesion to porous surfaces, etc.
- Silicone sealants are widely used in the construction industry because of their applications, such as waterproofing, weather sealing, and crack sealing. The global construction industry is expected to grow at 3.5% per annum up to 2030. China, India, the United States, and Indonesia are expected to account for about 58% of global construction.
- Silicone sealants are widely used in the automotive industry because they apply to glass, metal, plastic, and painted surfaces. Their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. They are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to record a 17.75% CAGR during the forecast period because of the increase in demand for the same in growing economies. This is expected to boost demand for automotive silicone sealants in the forecast period.
- Silicone sealants are widely used in electronics and electrical equipment manufacturing. They are used for sealing sensors and cables. The electronics and household appliances industries are expected to grow at a CAGR of 2.51% and 5.77%, respectively, globally, which may drive the demand for silicone sealants during the forecast period.
- Silicone resin-based sealants are used in the healthcare industry for assembling and sealing medical device parts. The increase in healthcare investments worldwide is expected to lead to a rise in demand during the forecast period.
| End User Industry | Aerospace | |
| Automotive | ||
| Building and Construction | ||
| Healthcare | ||
| Other End-user Industries | ||
| Region | Asia-Pacific | Australia |
| China | ||
| India | ||
| Indonesia | ||
| Japan | ||
| Malaysia | ||
| Singapore | ||
| South Korea | ||
| Thailand | ||
| Rest of Asia-Pacific | ||
| Region | Europe | France |
| Germany | ||
| Italy | ||
| Russia | ||
| Spain | ||
| United Kingdom | ||
| Rest of Europe | ||
| Region | Middle East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East & Africa | ||
| Region | North America | Canada |
| Mexico | ||
| United States | ||
| Rest of North America | ||
| Region | South America | Argentina |
| Brazil | ||
| Rest of South America |
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Market Definition
- End-user Industry - Building & Construction, Automotive, Aerospace, Healthcare, and Others are the end-user industries considered under the silicone sealants market.
- Product - All silicone sealant products are considered in the market studied
- Resin - Under the scope of the study, acetoxy (or acetic) and neutral silicones are considered
- Technology - Silicone sealants are cured at ambient temperature (room temperatures).
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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