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Silicone sealants are viscous materials which are used to bind surfaces such as metal, plastics, glass together. These products has wide automotive bonding applications including low temperature gaskets, joints & cracks, gaps, and replacing wind screen. Increase in luxury and modern automotive production owing to growth in vehicle sales will favour industry growth. In addition, high investment in research to develop bio based or environment friendly innovative products will further accelerate market growth in coming years.
Silicone sealants are liquid sealing material which is highly stable, resistant to extreme environment and inert which promotes its application in automotive, construction and electronics sector. Silicone based sealants has wide application in indoors and outdoors regardless of environment. It adheres to woods, metal and vinyl which make it effective for caulking building door and windows and makes a building energy efficient building. Growing demand for modern construction which is energy efficient will boost market growth. Increase in construction activities along with renovation projects will further escalate industry demand.
The report analyses the global silicone sealants market based on technology, end user and geography
Various technology studied are segmented into pressure sensitive, room temperature, vulcanizing, thermoset or heat cured, radiation cured and chemical cured. Thermoset or heat cured segment will witness significant gain owing to as they are cross linked polymeric resins that are cured with high temperature which makes it suitable for assembly and machinery in aerospace and automotive industry.
Furthermore, the major end users considered in the study are construction, automotive, electronics, aerospace, consumer goods, industrial assembly and marine industry. Silicones help in protecting wide temperature range, superior electrical properties, flexibility and ability to protect components from environmental contaminants which promotes its demand in electronic industry. Growing individual purchase ability has led to increase in demand for advance electronic products will further drive industry growth.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific led by India and China is a major consumer for silicone sealants and is likely to dominate the market in coming years. Huge investments in construction and transportation sector supported by growing demand for high quality products will have positive demand in regional growth. Major producers of the silicone sealants are present in this region which will further drive regional market growth.
Major industry participants in the silicone sealants market share are The Dow Chemical Company, Shin-Etsu Chemical Company, Wacker Chemie AG, Tremco Incorporated, The 3M Company, Bostik, Sika AG, Henkel Corporation, Huntsman International LLC, H.B. Fuller, Mapei, American Sealants, Inc., Momentive, McCoy Soudal, Pecora Corporation, Adshead Ratcliffe & Co Ltd and ALSTONE.
The report analyses the global silicone sealants market based on technology, end user and geography. Various technology studied are segmented into pressure sensitive, room temperature, vulcanizing, thermoset or heat cured, radiation cured and chemical cured. Furthermore, the major end users considered in the study are construction, automotive, electronics, aerospace, consumer goods, industrial assembly and marine industry.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
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