Summary
Silicone Sealants Market Research Report Information By Type (Acetoxy-cure, Alkoxy, and Neutral), By End-Use Industry (Construction, Transport, DIY, and Others), And by Region (North America, Europe, Asia-Pacific, And Rest Of the World) Market Forecast Till 2032
Market Overview
The Silicone Sealants industry is anticipated to experience a compound annual growth rate (CAGR) of 6.1% during the forecast period. The primary market drivers that contribute to market growth and revenue are the growing demand for sealants that are resistant to water, chemicals, and fuel, as well as the expansion of end-user industries like construction and building.
The market CAGR for Silicone Sealants is driven by the increasing demand for sealants. Silicone sealants are frequently employed in construction projects for a variety of purposes, including the protection of panels from the elements, the expansion of junctions, and other applications. These substances are adhesive and frequently exist in a fluid or gel-like form. In order to achieve the highest level of adherence, they must be treated or hardened. In contrast to other adhesives, silicone is highly resistant to humidity, corrosion, and other substances, and it can still remain solid and flexible at both high and low temperatures.
Additionally, the growth of the silicone sealants market is being driven by the increasing prevalence of environmental issues associated with artificial sealant and adhesive compositions. These concerns have led to a shift in emphasis toward more sustainable solutions, with producers concentrating on the development of bio-based silicone sealant substitutes for conventional artificial compositions.
Market segment insights
The Global Silicone Sealants Market is segmented into four categories: Construction, Transport, DIY, and Others, as determined by the end-user industry.
The global Silicone Sealants market is divided into three categories: Acetoxy-cure, Alkoxy, and Neutral.
Regional Perspectives
The research offers market insights into North America, Europe, Asia-Pacific, and the Rest of the World by region. The North American Silicone Sealants market area is anticipated to experience substantial development during the projected timeframe. This growth is being driven by the increasing demand for goods in the automobile industry and the expansion of reconstruction operations.
The second-largest market share in the Silicone Sealants market is attributed to the high potential for investment and expansion in the European region. Additionally, the European market's expansion is substantially stimulated by the automobile industry's perpetual expansion.
The market share will be dominated by the Asia-Pacific Silicone Sealants Market during the anticipated timeframe. The expansion of infrastructure initiatives in this region has been expedited by the region's expanding economies. Additionally, the construction and automotive industries' ongoing expansion in this region are expected to enhance revenue growth for silicone sealants.
Major Players
Wacker Chemie AG (Germany), 3M (US), Shin-Etsu Chemical Company (Japan), H.B. Fuller (US), Sika AG (Switzerland), Bostik (US), Henkel AG & Co. KGaA (Germany), Huntsman International LLC (US), Mapei (Italy), American Sealants, Inc. (US), Momentive (US), McCoy Soudal (India), ALSTONE (India), Pecora Corporation (US), and Adshead Ratcliffe & Co Ltd. (UK) are among the major players in the Silicone Sealants market.
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Table of Contents
TABLE OF CONTENTS
1 Executive Summary ..................................................................................................................................................... 1
2 MARKET INTRODUCTION............................................................................................................................................. 3
2.1 DEFINITION 3
2.2 SCOPE OF THE STUDY ........................................................................................................................................ 3
2.3 RESEARCH OBJECTIVES ..................................................................................................................................... 3
2.4 MARKET STRUCTURE .......................................................................................................................................... 4
3 Research Methodology ................................................................................................................................................ 5
3.1 Overview 5
3.2 DATA flow 7
3.2.1 Data Mining Process ....................................................................................................................................... 7
3.3 Purchased Database: .......................................................................................................................................... 8
3.4 Secondary Sources: ............................................................................................................................................ 9
3.4.1 Secondary Research data flow: ........................................................................................................................ 10
3.5 Primary Research: ............................................................................................................................................... 10
3.5.1 Primary Research DATA FLOW: ....................................................................................................................... 12
3.6 Approaches for market size estimation: ............................................................................................................... 13
3.6.1 Revenue Analysis Approach ............................................................................................................................ 13
3.7 Data forecasting ................................................................................................................................................. 14
3.7.1 Data forecasting Technique ............................................................................................................................ 14
3.8 Data modeling .................................................................................................................................................... 15
3.8.1 Microeconomic Factor Analysis: ...................................................................................................................... 15
3.8.2 Data modeling: ............................................................................................................................................... 15
3.9 Teams and Analyst Contribution .......................................................................................................................... 16
17
4 Market Dynamics ........................................................................................................................................................ 18
4.1 Introduction ........................................................................................................................................................ 18
4.2 DRIVERS 18
4.2.1 GROWING EV INDUSTRY IS DRIVING THE SILICONE SEALANT MARKET ............................................................. 18
4.2.2 SILICONE SEALANTS OFFER A UNIQUE COMBINATION OF SUPERIOR PROPERTIES THAT DRIVE DEMAND .......... 19
4.2.3 GROWING CONSTRUCTION INDUSTRY IS THE DOMINANT USER OF SILICONE SEALANTS, AND ITS GROWTH FUELS
THE MARKET. ............................................................................................................................................................. 19
4.3 RESTRAINTS ...................................................................................................................................................... 20
4.3.1 NEWER & LOWER-COST SEALANT TECHNOLOGIES .......................................................................................... 20
4.3.2 VOLATILITY IN COST OF RAW MATERIALS. ...................................................................................................... 21
4.4 OPPORTUNITIES ................................................................................................................................................. 22
4.4.1 Growing environmental concerns create a demand for eco-friendly, bio-based silicone sealants. ........................ 22
4.4.2 Developing new formulations with fire resistance, self-healing capabilities & enhanced aesthetics ..................... 22
4.4.3 Silicone sealants can potentially be used in new industries like aerospace, marine, and solar energy, expanding the
market reach. ............................................................................................................................................................. 23
5 Market Factor Analysis................................................................................................................................................ 24
5.1.1 Value Chain Analysis ...................................................................................................................................... 24
5.1.2 Raw Material Suppliers ................................................................................................................................... 24
5.1.3 Extracrion and Refining ................................................................................................................................... 24
5.1.4 Manufacturing ................................................................................................................................................ 25
5.1.5 Distribution Channel& Sales ............................................................................................................................ 25
5.1.6 End User ........................................................................................................................................................ 25
5.2 Porter’s Five Forces Model .................................................................................................................................. 25
5.2.1 Bargaining Power of Suppliers ......................................................................................................................... 26
5.2.2 Bargaining Power of Buyers ............................................................................................................................ 26
5.2.3 Threat of New Entrants ................................................................................................................................... 26
5.2.4 Threat of Substitutes ...................................................................................................................................... 26
5.2.5 Intensity of Rivalry .......................................................................................................................................... 27
5.3 IMPACT OF COVID-19 ON GLOBAL SILICONE SEALANTS MARKET ........................................................................ 27
6 GLOBAL SILICONE SEALANTS MARKET, BY TYPE ......................................................................................................... 28
6.1 OVERVIEW 28
6.2 ACETOXY-CURE .................................................................................................................................................. 29
6.3 ALKOXY 29
6.4 NEUTRAL 30
7 GLOBAL SILICONE SEALANTS MARKET, By End-User Industry ....................................................................................... 32
7.1 OVERVIEW 32
7.2 Construction....................................................................................................................................................... 33
7.3 Transport 33
7.4 DIY 34
7.5 Others 35
8 Global Silicone Sealants Market, By REGION ................................................................................................................. 36
8.1 Overview 36
8.2 North America .................................................................................................................................................... 37
8.3 Europe 38
8.4 Asia Pacific ........................................................................................................................................................ 39
8.5 South America .................................................................................................................................................... 40
8.6 Middle East & Africa ........................................................................................................................................... 41
9 Competitive Landscape ............................................................................................................................................... 70
9.1 Introduction ........................................................................................................................................................ 70
9.2 MARKET SHARE ANALYSIS, 2023 ........................................................................................................................ 70
9.3 COMPETITIVE BENCHMARKING .......................................................................................................................... 71
9.4 KEY DEVELOPMENT & GROWTH STRATEGIES ...................................................................................................... 72
10 Company Profiles ....................................................................................................................................................... 75
10.1 HP ADHESIVES ................................................................................................................................................... 75
10.1.1 COMPANY OVERVIEW ..................................................................................................................................... 75
10.1.2 FINANCIAL OVERVIEW: HP ADHESIVES ........................................................................................................... 75
10.1.3 PRODUCTS OFFERED: HP ADHESIVES .............................................................................................................. 77
10.1.4 KEY DEVELOPMENTS: HP ADHESIVES ............................................................................................................. 77
10.1.5 SWOT ANALYSIS: HP ADHESIVES .................................................................................................................... 78
10.1.6 KEY STRATEGIES: HP ADHESIVES ................................................................................................................... 78
10.2 WACKER CHEMIE AG .......................................................................................................................................... 79
10.2.1 COMPANY OVERVIEW ..................................................................................................................................... 79
10.2.2 FINANCIAL OVERVIEW .................................................................................................................................... 79
10.2.3 PRODUCTS OFFERED ...................................................................................................................................... 81
10.1.1. KEY DEVELOPMENTS ...................................................................................................................................... 81
10.2.4 SWOT ANALYSIS ............................................................................................................................................ 82
10.2.5 KEY STRATEGIES ............................................................................................................................................ 83
10.3 DOWSIL 83
10.3.1 COMPANY OVERVIEW ..................................................................................................................................... 83
10.3.2 FINANCIAL OVERVIEW .................................................................................................................................... 83
10.3.3 PRODUCTS OFFERED ...................................................................................................................................... 85
10.3.4 KEY DEVELOPMENTS ...................................................................................................................................... 85
10.3.5 SWOT ANALYSIS ............................................................................................................................................ 86
10.3.6 KEY STRATEGIES ............................................................................................................................................ 86
10.4 H.B. FULLER........................................................................................................................................................ 86
10.4.1 COMPANY OVERVIEW ..................................................................................................................................... 86
10.4.2 FINANCIAL OVERVIEW .................................................................................................................................... 87
10.4.3 PRODUCTS OFFERED ...................................................................................................................................... 89
10.4.4 KEY DEVELOPMENTS ...................................................................................................................................... 89
10.4.5 SWOT ANALYSIS ............................................................................................................................................ 89
10.4.6 KEY STRATEGIES ............................................................................................................................................ 89
10.5 SIKA GROUP ....................................................................................................................................................... 90
10.5.1 COMPANY OVERVIEW ..................................................................................................................................... 90
10.5.2 FINANCIAL OVERVIEW .................................................................................................................................... 90
10.5.3 PRODUCTS OFFERED ...................................................................................................................................... 92
10.5.4 KEY DEVELOPMENTS ...................................................................................................................................... 92
10.5.5 SWOT ANALYSIS ............................................................................................................................................ 92
10.5.6 KEY STRATEGIES ............................................................................................................................................ 93
10.6 HENKEL 93
10.6.1 COMPANY OVERVIEW ..................................................................................................................................... 93
10.6.2 FINANCIAL OVERVIEW .................................................................................................................................... 93
10.6.3 PRODUCTS OFFERED ...................................................................................................................................... 95
10.6.4 KEY DEVELOPMENTS ...................................................................................................................................... 95
10.6.5 KEY COMPETITORS ........................................................................................................................................ 96
10.6.6 SWOT ANALYSIS ............................................................................................................................................ 96
10.6.7 KEY STRATEGIES ............................................................................................................................................ 97
10.7 MAPEI S.P.A ....................................................................................................................................................... 97
10.7.1 COMPANY OVERVIEW ..................................................................................................................................... 97
10.7.2 FINANCIAL OVERVIEW .................................................................................................................................... 98
10.7.3 PRODUCTS OFFERED ...................................................................................................................................... 98
10.7.4 KEY DEVELOPMENTS ...................................................................................................................................... 99
10.7.5 SWOT ANALYSIS ............................................................................................................................................ 99
10.7.6 KEY STRATEGIES ............................................................................................................................................ 100
10.8 SHIN-ETSU CHEMICAL CO ................................................................................................................................... 100
10.1.2. COMPANY OVERVIEW ..................................................................................................................................... 100
10.8.1 FINANCIAL OVERVIEW .................................................................................................................................... 100
10.8.2 PRODUCTS OFFERED ...................................................................................................................................... 101
10.8.3 KEY DEVELOPMENTS ...................................................................................................................................... 102
10.8.4 SWOT ANALYSIS ............................................................................................................................................ 103
10.8.5 KEY STRATEGIES ............................................................................................................................................ 104
10.9 HUNTSMAN INTERNATIONAL LLC ....................................................................................................................... 104
10.9.1 COMPANY OVERVIEW ..................................................................................................................................... 104
10.9.2 FINANCIAL OVERVIEW .................................................................................................................................... 105
10.9.3 PRODUCTS OFFERED ...................................................................................................................................... 106
10.9.4 KEY DEVELOPMENTS ...................................................................................................................................... 106
10.9.5 SWOT ANALYSIS ............................................................................................................................................ 107
10.9.6 KEY STRATEGIES ............................................................................................................................................ 107
10.10 BOSTIK (ARKEMA) .............................................................................................................................................. 108
10.10.1 COMPANY OVERVIEW ..................................................................................................................................... 108
10.10.2 FINANCIAL OVERVIEW .................................................................................................................................... 108
10.10.3 PRODUCTS OFFERED ...................................................................................................................................... 110
10.10.4 KEY DEVELOPMENTS ...................................................................................................................................... 111
10.10.5 SWOT ANALYSIS ............................................................................................................................................ 112
10.10.6 KEY STRATEGIES ............................................................................................................................................ 112
