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The silicone adhesives and sealants market share is expected to increase by USD 5.42 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.37%.
This silicone adhesives and sealants market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers silicone adhesives and sealants market segmentation by application (building and construction, paper and packaging, transportation, and others) and Geography (APAC, Europe, North America, South America, and MEA). The silicone adhesives and sealants market report also offers information on several market vendors, including 3M Co., Arkema SA, Avery Dennison Corp., DELO Industrie Klebstoffe GmbH & Co. KGaA, Dow Inc., General Sealants Inc., H.B. Fuller Co., Henkel AG, and Co. KGaA, Illinois Tool Works Inc., and Sika AG among others.
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The conducive properties of silicone for electrical applications is notably driving the silicone adhesives and sealants market growth, although factors such as slowdown in global automotive production may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the silicone adhesives and sealants industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Silicone Adhesives and Sealants Market Driver
The conducive properties of silicone for electrical applications is one of the key drivers supporting the silicone adhesives and sealants market growth. Silicone adhesives and sealants can be used for the adhesion and sealing of electrical & electronic components. They have various conducive properties as they are insulative, flame-retardant, electrically conductive, and ultra-heat-resistant. For instance, CSL Silicones Inc. offers self-leveling electronic grade silicone adhesives and sealants. They can be used to fill small spaces such as potting electrical terminals and sealing electronic devices. The company's silicone adhesives and sealants do not generate acetic acid or other corrosive by-products during curing. Thus, they are ideal for use in corrosion-sensitive electronic equipment as they do not corrode copper, brass, or silver. Thus, the usage of silicone adhesives and sealants for electrical applications will drive the growth of the market during the forecast period.
Key Silicone Adhesives and Sealants Market Trend
The growing usage for bonding medical devices is another factor supporting the silicone adhesives and sealants market growth. Silicone adhesives and sealants are used for bonding in medical devices due to their ability to bond and adhere, unlike surfaces. Some medical devices are made using polycarbonates as they can be easily shaped and molded. Additionally, materials such as polyamides and nylon are used for manufacturing tubing and catheters. Silicone adhesives and sealants are inert and ideal for bonding and sealing medical devices made from these materials. They offer a long-lasting seal which is a necessity for medical devices. Single component moisture curing RTV silicone adhesives are the most common silicone adhesives used in medical devices. Such application will drive the market growth during the forecast period.
Key Silicone Adhesives and Sealants Market Challenge
The slowdown in global automotive production is one of the factors hindering the silicone adhesives and sealants market growth. In 2019, world automotive production declined by 5% since less than 92.2 million cars, trucks, and buses were manufactured. The automotive manufacturing industry in China had a production share of 28% of the global market in 2019, as 25.7 million vehicles were manufactured in the country. This was a 7.5% year-on-year decline as compared to the previous year. This slowdown in global automobile production continued in 2020 due to the COVID-19 pandemic. According to the International Organization of Motor Vehicle Manufacturers (OICA), there was a 16% decline in the production of motor vehicles in 2020 as less than 78 million cars were produced. This was equivalent to the sales level of 2010. These factors will negatively impact the growth of the market during the forecast period.
This silicone adhesives and sealants market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the silicone adhesives and sealants market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the silicone adhesives and sealants market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the silicone adhesives and sealants market encompasses successful business strategies deployed by the key vendors. The silicone adhesives and sealants market is fragmented and the vendors are deploying growth strategies such as price and quality to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The silicone adhesives and sealants market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the silicone adhesives and sealants market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the specialty chemicals market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 08: Parent market
*Exhibit 09: Market characteristics
**2.2 Value chain analysis
*Exhibit 10: Value chain analysis: Specialty chemicals
*2.2.1 Input
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 Support activities
*2.2.7 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by Application
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 22: Application - Market share 2021-2026 (%)
**5.2 Comparison by Application
*Exhibit 23: Comparison by Application
**5.3 Building and construction - Market size and forecast 2021-2026
*Exhibit 24: Building and construction - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Building and construction - Year-over-year growth 2021-2026 (%)
**5.4 Paper and packaging - Market size and forecast 2021-2026
*Exhibit 26: Paper and packaging - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Paper and packaging - Year-over-year growth 2021-2026 (%)
**5.5 Transportation - Market size and forecast 2021-2026
*Exhibit 28: Transportation - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Transportation - Year-over-year growth 2021-2026 (%)
**5.6 Others - Market size and forecast 2021-2026
*Exhibit 30: Others - Market size and forecast 2021-2026 ($ million)
*Exhibit 31: Others - Year-over-year growth 2021-2026 (%)
**5.7 Market opportunity by Application
*Exhibit 32: Market opportunity by Application
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 33: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 34: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 35: Geographic comparison
**7.3 APAC - Market size and forecast 2021-2026
*Exhibit 36: APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 37: APAC - Year-over-year growth 2021-2026 (%)
**7.4 Europe - Market size and forecast 2021-2026
*Exhibit 38: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 39: Europe - Year-over-year growth 2021-2026 (%)
**7.5 North America - Market size and forecast 2021-2026
*Exhibit 40: North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 41: North America - Year-over-year growth 2021-2026 (%)
**7.6 South America - Market size and forecast 2021-2026
*Exhibit 42: South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 43: South America - Year-over-year growth 2021-2026 (%)
**7.7 MEA - Market size and forecast 2021-2026
*Exhibit 44: MEA - Market size and forecast 2021-2026 ($ million)
*Exhibit 45: MEA - Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 46: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 47: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Conducive properties of silicone for electrical applications
*8.1.2 Rising use of UV curing technology
*8.1.3 Preference over alternative adhesives and sealants
**8.2 Market challenges
*8.2.1 Slowdown in global automotive production
*8.2.2 Emergence of bio-based alternatives
*8.2.3 Emission standards for silicone adhesives and sealants
*Exhibit 48: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Growing usage for bonding medical devices
*8.3.2 Rising demand from the construction industry
*8.3.3 Increasing usage in the aerospace and aircraft industry
***9. Vendor Landscape
**9.1 Overview
*Exhibit 49: Vendor landscape
**9.2 Landscape disruption
*Exhibit 50: Landscape disruption
*Exhibit 51: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 52: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 53: Market positioning of vendors
*10.3 3M Co.
*Exhibit 54: 3M Co. - Overview
*Exhibit 55: 3M Co. - Business segments
*Exhibit 56: 3M Co. - Key News
*Exhibit 57: 3M Co. - Key offerings
*Exhibit 58: 3M Co. - Segment focus
**10.4 Arkema SA
*Exhibit 59: Arkema SA - Overview
*Exhibit 60: Arkema SA - Business segments
*Exhibit 61: Arkema SA - Key News
*Exhibit 62: Arkema SA - Key offerings
*Exhibit 63: Arkema SA - Segment focus
**10.5 Avery Dennison Corp.
*Exhibit 64: Avery Dennison Corp. - Overview
*Exhibit 65: Avery Dennison Corp. - Business segments
*Exhibit 66: Avery Dennison Corp. - Key News
*Exhibit 67: Avery Dennison Corp. - Key offerings
*Exhibit 68: Avery Dennison Corp. - Segment focus
**10.6 DELO Industrie Klebstoffe GmbH & Co. KGaA
*Exhibit 69: DELO Industrie Klebstoffe GmbH & Co. KGaA - Overview
*Exhibit 70: DELO Industrie Klebstoffe GmbH & Co. KGaA - Product and service
*Exhibit 71: DELO Industrie Klebstoffe GmbH & Co. KGaA – Key News
*Exhibit 72: DELO Industrie Klebstoffe GmbH & Co. KGaA - Key offerings
*10.7 Dow Inc.
*Exhibit 73: Dow Inc. - Overview
*Exhibit 74: Dow Inc. - Business segments
*Exhibit 75: Dow Inc. - Key News
*Exhibit 76: Dow Inc. - Key offerings
*Exhibit 77: Dow Inc. - Segment focus
**10.8 General Sealants Inc.
*Exhibit 78: General Sealants Inc. - Overview
*Exhibit 79: General Sealants Inc. - Product and service
*Exhibit 80: General Sealants Inc. - Key offerings
*Exhibit 81: H.B. Fuller Co. - Overview
*Exhibit 82: H.B. Fuller Co. - Business segments
*Exhibit 83: H.B. Fuller Co. - Key News
*Exhibit 84: H.B. Fuller Co. - Key offerings
*Exhibit 85: H.B. Fuller Co. - Segment focus
**10.9 Henkel AG and Co. KGaA
*Exhibit 86: Henkel AG and Co. KGaA - Overview
*Exhibit 87: Henkel AG and Co. KGaA - Business segments
*Exhibit 88: Henkel AG and Co. KGaA - Key News
*Exhibit 89: Henkel AG and Co. KGaA - Key offerings
*Exhibit 90: Henkel AG and Co. KGaA - Segment focus
**10.10 Illinois Tool Works Inc.
*Exhibit 91: Illinois Tool Works Inc. - Overview
*Exhibit 92: Illinois Tool Works Inc. - Business segments
*Exhibit 93: Illinois Tool Works Inc. - Key News
*Exhibit 94: Illinois Tool Works Inc. - Key offerings
*Exhibit 95: Illinois Tool Works Inc. - Segment focus
**10.11 Sika AG
*Exhibit 96: Sika AG - Overview
*Exhibit 97: Sika AG - Business segments
*Exhibit 98: Sika AG - Key News
*Exhibit 99: Sika AG - Key offerings
*Exhibit 100: Sika AG - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.2 Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 101: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 102: Research Methodology
*Exhibit 103: Validation techniques employed for market sizing
*Exhibit 104: Information sources
**11.4 List of abbreviations
*Exhibit 105: List of abbreviations
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