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Silicone Sealants Industry Trend Overview and Market Growth Analysis by 2024

The product is increasingly substituting various organic sealants and adhesives in construction, insulating glass, automotive, and industrial applications owing to their chemical characteristics including resistance to chemicals and corrosion and physical properties such as water repelling and elongation.

The Global Silicone Sealants Market is expected to reach USD 3.50 billion by 2024, according to a new report by Grand View Research, Inc.


Growing utilization of thermoset and radiation curing technologies in the manufacturing of the product is expected to enhance the elongation and curing capabilities, which in turn is expected to propel demand over the forecast period. Additionally, the presence of established raw material suppliers including BASF and Evonik with superior additives as part of their product portfolio is expected to propel demand over the forecast period.

Growing demand for the product in the construction industry owing to the superior characteristics of silicone sealants as compared to organic sealants including polyurethane, polysulfide and acrylic are expected to be the key driver for the market over the next eight years. However, high volatile organic compounds (VOCs) emission associated with silicone sealants and growing consumer awareness for environment safety is likely to restrain growth over the next eight years.

Room Temperature Vulcanizing (RTV) was the largest technological segment, accounting for 65% revenue share in 2015. Infrastructural development in emerging economies coupled with growing application scope of the compound in the construction industry is expected to drive the demand over the next eight years.

To Know More About Silicone Sealants Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/silicone-sealants-market

However, the growth is limited by the emergence of radiation curing technology providing enhanced characteristics including elongation and low viscosity as compared to other manufacturing techniques.

Top Players of Silicone Sealants Market:

Key players in the industry include Dow Corning Corp., Shin-Etsu Chemical Company and Wacker Chemie AG, Tremco Incorporated, 3M Company, H.B. Fuller and Bostik Company.

Market Segmentation of Silicone Sealants Market:

The Global Silicone Sealants Market segmented on the basis of Product, Application and Region.

By Product:

    Pressure Sensitive
    Radiation Curing
    Room Temperature Vulcanizing
    Thermoset

By Application:

    Construction
    Insulating Glass
    Automotive
    Industrial

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East & Africa

Inquire about Silicone Sealants Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3059
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