Silicone Sealants Market Size, Share & Trends Analysis Report By Technology, By Application (Construction, Insulating Glass, Automotive, Industrial, Others), By Region, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 115 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global silicone sealants market size is expected to reach USD 5.01 billion by 2025 growing at a CAGR of 5.7%, according to a new report by Grand View Research, Inc. The increasing construction activities across the globe, along with growing demand for insulated glass due to rising concerns over energy consumption, is anticipated to drive the market growth.

Construction industry was the major end-user of silicone sealants in 2018 and this trend is expected to continue over the forecast period. The various benefits of the product such as ability to withstand high & low temperatures, insulation, durability, aesthetic finish, water and chemical resistance, etc., increase their preference over other adhesives & sealants. Growing infrastructural developments across the world, especially in the developing economies are anticipated to drive the market growth.

The market is segmented based on four technologies, out of which room temperature vulcanizing (RTV) held the largest share in 2018. RTV silicone sealants are extensively used in a wide range of applications and are gaining popularity in electronics. For instance, their usage in assembly process of the automotive industry helps in removing the need for pre-cut fixed gasket, reduces use of screws, protects against vibrations, and prevents water penetration.

The market is expected to gain highest growth in Asia Pacific over the forecast period, owing to increasing infrastructural developments, manufacturing segment positive outlook, and high automotive production in the region. The product usage is expected to grow in automotive industry, taking into consideration the growing emphasis towards lightweight vehicles and electric vehicles production. Automotive production witnessed growth in many parts of the region, especially in Southeast Asia. For instance, the automotive production increased in 2018 from 2017 in Indonesia, Malaysia, and Thailand by 10.3%, 12.6%, and 9.0% respectively.

China held the largest volume share of 49.5% in 2018, of the total Asia Pacific silicone sealants market. The construction industry is anticipated to witness steady growth rate in the country in coming years. For instance, according to Beijing Municipal Commission of Development and Reform, around 300 construction projects worth an investment of USD 35.0 billion will be unveiled in Beijing in 2019. This is expected to have a positive influence on the demand for silicone sealants in Asia Pacific.

The market is highly competitive in nature due to presence of major players in the industry. Wacker Chemie AG, Dow, Tremco Incorporated, Bostik, the 3M Company, Sika AG, Henkel Corporation, H.B. Fuller, are the some of the key players in the market. Capacity expansion and acquisitions are few of the strategies adopted by the industry players, in order to strengthen their positions and increase their customer reach.

For instance, in October 2017, Soudal acquired Dong Yang Silicone Co. Ltd., a South-Korean sealants manufacturer. The acquisition aimed at expanding Soudal's geographical presence and strengthening its position in Asian markets.

Further key findings from the report suggest:

• In terms of revenue, India is anticipated to register a growth rate of 9.5%, during the forecast period, due to increasing infrastructural developments in the country

• In terms of volume, automotive application segment is expected to grow at a CAGR of 5.1% during the forecast period, owing to increasing use of silicone sealants in automotive electronics

• Construction application segment accounted for a revenue share of 59.8% in 2018, considering the increasing global construction output

• Thermoset or heat cured technology segment held a revenue share of 20.4% in 2018. The share is attributable to its increasing demand in applications where high heat resistance is required

• The players of the silicone sealants market are integrated across various stages of the value chain. For instance, Wacker Chemie AG is a raw material supplier, manufacturer, and distributor of various silicone sealant products

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Market Segmentation & Scope
                  1.2. Market Definition
                  1.3. Information Procurement
                      1.3.1. Purchased Database
                      1.3.2. GVR's Internal Database
                      1.3.3. Secondary Sources & Third-Party Perspectives
                      1.3.4. Primary Research
                  1.4. Information Analysis
                      1.4.1. Data Analysis Models
                  1.5. Market Formulation & Data Visualization
                  1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                  2.1. Market Snapshot
Chapter 3. Silicone Sealants Market Variables, Trends & Scope
                  3.1. Market Outlook
                  3.2. Penetration & Growth Prospect Mapping
                  3.3. Industry Value Chain Analysis
                      3.3.1. Raw Material Trends
                      3.3.2. Manufacturing Trends
                      3.3.3. Sales Channel Analysis
                  3.4. Regulatory Framework
                  3.5. Market Dynamics
                      3.5.1. Market Driver Analysis
                          3.5.1.1. Chemical & physical properties of silicone sealants
                          3.5.1.2. Growth in end-use industries
                      3.5.2. Market Restraint Analysis
                          3.5.2.1. Harmful environmental effects
                  3.6. Business Environment Analysis: Silicone Sealants Market
                      3.6.1. Industry Analysis - Porter's
                      3.6.2. PESTEL Analysis
Chapter 4. Silicone Sealants Market: Technology Estimates & Trend Analysis
                  4.1. Definition & Scope
                  4.2. Technology Movement Analysis & Market Share, 2018 & 2025
                  4.3. Market size & forecasts and trend analysis, 2014 to 2025
                      4.3.1. Room temperature vulcanizing
                          4.3.1.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                      4.3.2. Thermoset or heat cured
                          4.3.2.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                      4.3.3. Radiation cured
                          4.3.3.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                      4.3.4. Pressure sensitive
                          4.3.4.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
Chapter 5. Silicone Sealants Market: Application Estimates & Trend Analysis
                  5.1. Definition & Scope
                  5.2. Application Movement Analysis & Market Share, 2018 & 2025
                  5.3. Market size & forecasts and trend analysis, 2014 to 2025
                      5.3.1. Construction
                          5.3.1.1. Market estimates & forecasts, in construction, 2014 - 2025 (Kilotons) (USD Million)
                      5.3.2. Insulating glass
                          5.3.2.1. Market estimates & forecasts, in insulating glass, 2014 - 2025 (Kilotons) (USD Million)
                      5.3.3. Automotive
                          5.3.3.1. Market estimates & forecasts, in automotive, 2014 - 2025 (Kilotons) (USD Million)
                      5.3.4. Industrial
                          5.3.4.1. Market estimates & forecasts, in industrial, 2014 - 2025 (Kilotons) (USD Million)
                      5.3.5. Others
                          5.3.5.1. Market estimates & forecast, in other applications, 2014 - 2025 (Kilotons) (USD Million)
Chapter 6. Silicone Sealants Market: Regional Estimates & Trend Analysis
                  6.1. Regional Market Snapshot
                  6.2. Market Size & Forecasts and Trend Analysis, 2014 to 2025
                      6.2.1. North America
                          6.2.1.1. Market estimates & forecast, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.1.2. Market estimates & forecast, by technology, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.1.3. Market estimates & forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.1.4. U.S.
                              6.2.1.4.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.1.4.2. Market estimates & forecast, by technology, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.1.4.3. Market estimates & forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                      6.2.2. Europe
                          6.2.2.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.2.2. Market estimates & forecasts, by technology, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.2.3. Market estimates & forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.2.4. Germany
                              6.2.2.4.1. Market estimates & forecast, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.2.4.2. Market estimates & forecast, by technology, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.2.4.3. Market estimates & forecast, by application, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.2.5. UK
                              6.2.2.5.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.2.5.2. Market estimates & forecasts, by technology, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.2.5.3. Market estimates & forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                      6.2.3. Asia Pacific
                          6.2.3.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.3.2. Market estimates & forecasts, by technology, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.3.3. Market estimates & forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.3.4. China
                              6.2.3.4.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.3.4.2. Market estimates & forecasts, by technology, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.3.4.3. Market estimates & forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.3.5. India
                              6.2.3.5.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.3.5.2. Market estimates & forecasts, by technology, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.3.5.3. Market estimates & forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.3.6. Japan
                              6.2.3.6.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.3.6.2. Market estimates & forecasts, by technology, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.3.6.3. Market estimates & forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                      6.2.4. Central & South America
                          6.2.4.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.4.2. Market estimates & forecasts, by technology, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.4.3. Market estimates & forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.4.4. Brazil
                              6.2.4.4.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.4.4.2. Market estimates & forecasts, by technology, 2014 - 2025 (Kilotons) (USD Million)
                              6.2.4.4.3. Market estimates & forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
                      6.2.5. Middle East & Africa
                          6.2.5.1. Market estimates & forecasts, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.5.2. Market estimates & forecasts, by technology, 2014 - 2025 (Kilotons) (USD Million)
                          6.2.5.3. Market estimates & forecasts, by application, 2014 - 2025 (Kilotons) (USD Million)
Chapter 7. Silicone sealants Market - Competitive Analysis
                  7.1. Key global players & recent developments & their impact on the industry
                  7.2. Key competition/company categorization (Key innovators, market leaders, emerging players)
                  7.3. Vendor Landscape
                      7.3.1. List of raw material suppliers
                      7.3.2. List of manufacturers
                      7.3.3. List of key distributors and channel partners
                      7.3.4. Key end-users, by region
                      7.3.5. SWOT
Chapter 8. Company profiles
                  8.1. Dow
                      8.1.1. Company Overview
                      8.1.2. Financial Performance
                      8.1.3. Product Benchmarking
                      8.1.4. Strategic Initiatives
                  8.2. Shin-Etsu Chemical Company
                      8.2.1. Company Overview
                      8.2.2. Financial Performance
                      8.2.3. Product Benchmarking
                  8.3. Wacker Chemie AG
                      8.3.1. Company Overview
                      8.3.2. Financial Performance
                      8.3.3. Product Benchmarking
                      8.3.4. Strategic Initiatives
                  8.4. Tremco Incorporated
                      8.4.1. Company Overview
                      8.4.2. Product Benchmarking
                      8.4.3. Strategic Initiatives
                  8.5. The 3M Company
                      8.5.1. Company Overview
                      8.5.2. Financial Performance
                      8.5.3. Product Benchmarking
                      8.5.4. Strategic Initiatives
                  8.6. Bostik
                      8.6.1. Company Overview
                      8.6.2. Financial Performance
                      8.6.3. Product Benchmarking
                      8.6.4. Strategic Initiatives
                  8.7. Sika AG
                      8.7.1. Company Overview
                      8.7.2. Financial Performance
                      8.7.3. Product Benchmarking
                      8.7.4. Strategic Initiatives
                  8.8. Henkel Corporation
                      8.8.1. Company Overview
                      8.8.2. Financial Performance
                      8.8.3. Product Benchmarking
                      8.8.4. Strategic Initiatives
                  8.9. Huntsman International LLC
                      8.9.1. Company Overview
                      8.9.2. Financial Performance
                      8.9.3. Product Benchmarking
                      8.9.4. Strategic Initiatives
                  8.10. H.B. Fuller
                      8.10.1. Company Overview
                      8.10.2. Financial Performance
                      8.10.3. Product Benchmarking
                      8.10.4. Strategic Initiatives
                  8.11. Mapei
                      8.11.1. Company Overview
                      8.11.2. Financial Performance
                      8.11.3. Product Benchmarking
                      8.11.4. Strategic Initiatives

List of Tables

Table 1. Silicone sealants market estimates and forecasts, by room temperature vulcanizing, 2014 - 2025 (Kilotons) (USD Million)
Table 2. Silicone sealants market estimates and forecasts, by thermoset or heat cured, 2014 - 2025 (Kilotons) (USD Million)
Table 3. Silicone sealants market estimates and forecasts, by radiation cured, 2014 - 2025 (Kilotons) (USD Million)
Table 4. Silicone sealants market estimates and forecasts, by pressure sensitive, 2014 - 2025 (Kilotons) (USD Million)
Table 5. Silicone sealants market estimates and forecasts, by construction, 2014 - 2025 (Kilotons) (USD Million)
Table 6. Silicone sealants market estimates and forecasts, insulating glass, 2014 - 2025 (Kilotons) (USD Million)
Table 7. Silicone sealants market estimates and forecasts, by automotive, 2014 - 2025 (Kilotons) (USD Million)
Table 8. Silicone sealants market estimates and forecasts, by industrial, 2014 - 2025 (Kilotons) (USD Million)
Table 9. Silicone sealants market estimates and forecasts, by other applications, 2014 - 2025 (Kilotons) (USD Million)
Table 10. North America silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 11. North America silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 12. North America silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 13. North America silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 14. North America silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 15. U.S. silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 16. U.S. silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 17. U.S. silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 18. U.S. silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 19. U.S. silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 20. Canada silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 21. Canada silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 22. Canada silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 23. Canada silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 24. Canada silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 25. Mexico silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 26. Mexico silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 27. Mexico silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 28. Mexico silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 29. Mexico silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 30. Europe silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 31. Europe silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 32. Europe silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 33. Europe silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 34. Europe silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 35. Germany silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 36. Germany silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 37. Germany silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 38. Germany silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 39. Germany silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 40. UK silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 41. UK silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 42. UK silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 43. UK silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 44. UK silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 45. Asia Pacific silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 46. Asia Pacific silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 47. Asia Pacific silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 48. Asia Pacific silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 49. Asia Pacific silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 50. China silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 51. China silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 52. China silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 53. China silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 54. China silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 55. India silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 56. India silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 57. India silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 58. India silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 59. India silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 60. Japan silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 61. Japan silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 62. Japan silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 63. Japan silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 64. Japan silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 65. Central & South America silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 66. Central & South America silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 67. Central & South America silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 68. Central & South America silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 69. Central & South America silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 70. Brazil silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 71. Brazil silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 72. Brazil silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 73. Brazil silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 74. Brazil silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 75. Middle East & Africa silicone sealants market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 76. Middle East & Africa silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (Kilotons)
Table 77. Middle East & Africa silicone sealants market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
Table 78. Middle East & Africa silicone sealants market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 79. Middle East & Africa silicone sealants market estimates and forecasts, by application, 2014 - 2025 (USD Million)

List of Figures

Fig. 1 Silicone sealants market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market summary
Fig. 7 Global silicone sealants market 2014 - 2025 (USD Million) (Kilotons)
Fig. 8 Silicone sealants market - Value chain analysis
Fig. 9 Market driver relevance analysis (Current & future impact)
Fig. 10 Market restraints relevance analysis (Current & future impact)
Fig. 11 PESTEL analysis
Fig. 12 Porter's Five Forces Analysis
Fig. 13 Silicone sealants market: Technology movement analysis, 2018 & 2025
Fig. 14 Silicone sealants market: Application movement analysis, 2018 & 2025
Fig. 15 Silicone sealants regional market snapshot
Fig. 16 Silicone sealants market: Regional movement analysis, 2018 & 2025 (Kilotons)