Silicone sealants are viscous
materials which have little to no flow characteristics staying where
they are in order to allow it to enter the substrate by the means of
capillary action. These sealants are different from adhesives in terms
of strength and elongation. When sealants are applied between substrates
which have different elongation under stress or thermal coefficients of
expansion, they require adequate elongation and flexibility. Silicone
sealants usually contain inert filler materials and are generally
formulated with an elastomer to provide the required elongation and
flexibility. Elastomers such as silicone rubbers are widely used as
sealants in a broad range of industrial, construction, automotive and
consumer applications.
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The global market for silicone
sealants has been significantly growing on account of growth of its end
use industries such as packaging, automotive and construction. On
account of increasing number of environmental hazards which are
associated with synthetic form of sealants and adhesives, the industry
is now focused towards the development of bio-based alternatives for
these products. In terms of the overall sealants market, polyurethane
and silicone based sealants account for the most consumed products where
silicone sealants are anticipated to witness the fastest growth over
the forecast period primarily due to rising innovation in product
development which is leading to growth in packaging and automobile
industries where these sealants are significantly consumed for
protection and lamination.
Emerging regions such as Asia Pacific
accounted for the largest market share in terms of region in the global
silicone sealants market, followed by Europe and North America. Growth
of the major end user industries such as transportation and
construction, particularly in the emerging economies of India and China
are anticipated to boost the demand for silicone sealants over the
forecast period. The market for silicone sealants in China is expected
to rise significantly on account of the country’s growing consumer
demand for high quality products as well as the continued rapid pace of
the construction industry in the country. Majority of the silicone
sealants in China are consumed in construction applications, where glass
curtain walls account for the largest share. Other uses such as
consumer applications and glass manufacturing are also dependent on this
industry. However, market for sealants in industrial applications such
as electronics is steadily growing and is only making up a small portion
of the entire market.
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Increasing demand for sealants on
account of the rapidly growing construction industry is expected to
boost the demand for silicone sealants over the next few years. Silicone
sealants exhibit higher elongation and lower strength, unlike
adhesives, which makes them suitable for sealing joints and assemblies.
Moreover, increasing number of construction activities, particularly in
the BRIC region (Brazil, Russia, India, and China) is anticipated to
fuel the demand for silicone sealants as well. However, rising
environmental regulations and concerns regarding the use of silicone
sealants are expected to slow down the growth of the market. On account
of these factors, focus of manufacturers towards developing bio-based
sealants is expected to provide new opportunities for the growth of the
market.
3M Company, BASF, E. I. du Pont de
Nemours and Company, H.B Fuller company, Henkel AG & Co. KGaA, RPM
International, Inc., and The Dow Chemical Company are some of the key
manufacturers of silicone sealants dominating the market.
This research report analyzes this
market on the basis of its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include :
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of :
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing
market players and new entrants along with detailed value chain
analysis.
Reasons for Buying this Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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