Global Silicone Sealants Market: Overview
Silicone sealants are viscous materials that find valuable use as sealants in various industry verticals. These sealants are not the same as common adhesives; they differ in elasticity and strength. The sealants, when applied between substrates with different elongation rates under pressure or thermal expansion coefficients, need satisfactory elongation and flexibility. Silicone sealants typically also hold inert fillers and are formulated in conjunction with an elastomer to deliver the required flexibility and elongation. Silicone rubber elastomers, for instance, are widely used as sealants in construction, automotive, industrial, and consumer applications.
This report is a spread of all key trends currently affecting the global silicone sealants market, along with its drivers and restraints. The report offers projections for the global silicone sealants market as it is expected to be over the coming years. Key frames of analysis of the market include data on its recent developments, expressed through methodologies such as Porter’s five force model analysis and a SWOT analysis for the leading players. The report also comprises a review of the global silicone sealants market and its micro and macro influences that are vital for current players as well as hopeful entrants.
Global Silicone Sealants Market: Trends and Opportunities:
The global silicone sealants market has been developing at a significant pace thanks to its high rate of application for end user from packaging, automotive and construction. The increasing number of environmental concerns linked to synthetic sealants and adhesives has pushed the manufacturers to focus more on the bio-based alternatives and the development of these products. Polyurethane and silicone sealants have so far accounted for the top spots in terms of volume consumed. Silicone sealants are expected to see the fastest growth over the coming years, primarily due to rising levels of product innovation, thereby leading to an overall growth in their applications in the industries of packaging and automobile, where silicone sealants are consumed in high volumes for the purpose of protection and lamination.
The rising demand for sealants by the swiftly expanding construction industry is expected to boost the global silicone sealants market over the coming years. Silicone sealants, as opposed to adhesives, exhibit higher elongation and lower strength. This makes them appropriate for sealing joints and assemblies. Furthermore, the growing number of activities in construction, especially in the BRIC group, is anticipated to fuel the demand for silicone sealants.
The global silicone sealants market is, however, being restricted by the rising environmental regulations and concerns regarding the use of silicone sealants. Due to this, manufacturers are increasingly pushing for the development of bio-based sealants and this move is expected to provide new opportunities for the growth in the global silicone sealants market.
Global Silicone Sealants Market: Region-wise Outlook:
Emerging economies from Asia Pacific are leading the global silicone sealants market from a geographical perspective, followed by Europe and North America. Growth of the major end user industries such as transportation and construction, particularly in India and China is expected to boost the global silicone sealants market over the forecast period. China especially is likely to show a significant rise in demand for silicone sealants due to the country’s growing consumer demand for high quality products, along with a consistent increase in the growth rate of its construction industry. A bulk of the silicone sealants being used in China are diverted to construction based applications, in which glass curtain walls account for the leading share.
Companies Mentioned in the Research Report:
Some of the leading players in the global silicone sealants market so far, have been 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.
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
- 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.