Global Silicone Adhesives and Sealants Market: Overview

Silicone adhesives and sealants are chemical products used to bond two different substrates. With the new advancements in polymer technology, silicone adhesives and sealants are widely used across several industrial sectors. The global silicone adhesives and sealants market is expected to witness substantial growth doting the forecast period owing to increasing end-use applications.

Global Silicone Adhesives and Sealants Market: Notable Developments

Below are some of the key developments in the global silicone adhesives and sealants market:

  • The newly developed Dow Corning HM-2600 sealant offers high productivity and enhanced design options. Additionally, the product is chemically stable and resistant to UV, radiation, and weather. Along with this, it offers excellent stability across different temperatures and durable adhesion, thereby mitigating the appliance assembly challenges. Development of this sealant has favorably impacted the global silicone adhesives and sealants market, thereby propelling its expansion.
  • The new fire safety sealants developed by Bostik aid in maintaining the fire safety standards. These sealants swell when exposed to fire in order to fill in the hazardous gaps, thereby preventing permeation of flame and smoke. Moreover, they can bond with a wide range of substrates such as metal, wood, glass, timber, and others. The advent of these sealants has favored the growth of global silicone adhesives and sealants market.
  • The newly developed pressure-sensitive silicone adhesives have created new avenues for the silicone adhesives and sealants market. As the name suggests, these adhesives are sensitive to pressure and are used in cosmetic or prosthetic devices. They offer high light transmittance and are apt for applications such as bonding cover glasses to solar cells.

Prominent players in the global silicone adhesives and sealants market include Aerol Formulations Private Limited, Dow Corning Corporation, Momentive, and Masterbond.

Global Silicone Adhesives and Sealants Market: Key Growth Dynamics

In recent times, there has been a growing demand for corrosion resistant adhesives. This is a major driver in the growth of global silicone adhesives and sealants market. Moreover, silicone adhesives are characterized by properties such as high temperature resistance, excellent flexibility, and elasticity which makes them an ideal choice for several industrial applications. This has led to a surge in production silicone adhesives, thereby propelling the global silicone adhesives and sealants market.

Additionally, recent technological advancements leading to the development of new sealants with advanced thermal resistance have proven to be a major propellant in the market’s growth.  Moreover, silicone sealants and adhesives are superior to organic sealants in terms of properties and sustainability. This has highly contributed to an expansion of the silicone adhesives and sealants market.

Furthermore, silicone adhesives and sealants are extensively used in the automotive industry to glue various components. Consequently, an expansion in the automotive industry has expedited the global silicone adhesives and sealants market’s growth. Use of silicone adhesives and sealants has led to a significant enhancement in the efficiency of automotive components.

However, along with the drivers, there are a few restraints that may cause a shortfall in the global silicone adhesives and sealants market. The environmental concerns raised because of the use of the volatile organic component in silicone adhesives and sealants may restrain the market’s growth. Nonetheless, the development of new products with enhanced properties will create new opportunities for the market. 

Global Silicone Adhesives and Sealants Market: Regional Outlook

 Regionally, Asia Pacific holds a major share in the global silicone adhesives and sealants market. This is owing to a rise in demand from the end-use industries in Asia Pacific. China is the leading consumer of silicone adhesives and sealants in the Asia Pacific region. Asia Pacific is followed by North America. The growth in this region can be attributed to the new technological innovations in the booming automotive industry.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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