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Silicone Sealants Market by End-user and Geography - Forecast and Analysis 2021-2025

Silicone Sealants Market by End-user and Geography - Forecast and Analysis 2021-2025

Published: Mar 2021 120 Pages SKU: IRTNTR70310

The silicone sealants market size has the potential to grow by USD 960.00 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.92%. 

This report provides a detailed analysis of the market by end-user (construction, automotive, insulating glass, and others), geography (APAC, Europe, North America, South America, and MEA), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • 3M Co.
  • Arkema SA
  • BASF SE
  • Dow Inc.
  • DuPont de Nemours Inc.
  • H.B. Fuller Co.
  • Henkel AG & Co. KGaA
  • Shin-Etsu Chemical Co. Ltd.
  • Sika AG
  • Wacker Chemie AG

 

The silicone sealants market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as growing demand from construction industry to achieve growth opportunities. However, factors such as volatility in raw material prices will challenge the growth of the market participants. 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.

Download a free sample of the silicone sealants market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This silicone sealants market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Silicone Sealants Market: Key Drivers and Trends

  • The growing demand from the construction industry is driving the global silicone sealants market.
  • Silicone sealants are used in the construction industry for reliable, flexible, and waterproof joints in a broad range of applications, the demand for them is increasing rapidly. 
  • Properties such as better adhesion to all substrates, and moisture and weather resistance is leading to the use of sealants to enhance the building design, improve aesthetics, enable UV and weather resistance. 
  • The increase in R&D activities is a key global silicone sealants market trend.
  • The market is witnessing high demand for technologically advanced silicone sealants with high flexibility and increased performance. 
  • The growing demand from the construction industry coupled with an increase in R&D activities will drive the silicone sealants market growth.

 

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Silicone Sealants Market: Segmentation by Geography

Silicone-Sealants-Market-Market-Share-by-Region-2020-2025

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49% of the market’s growth will originate from APAC during the forecast period. China is one of the key markets for silicone sealants in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing infrastructural and constructional activities is one of the prime factors that will facilitate the silicone sealants market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Silicone Sealants Market: Segmentation by End-user

Silicone-Sealants-Market-Market-Share-by-End-2020-2025

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Silicone sealants are extensively used in the construction industry for applications such as facade joints, floor joints, walls joints, sanitary joints, and fire-rated joints. The high flexibility, long lifespan, and ultra-violet (UV) resistance of silicone sealants are expected to drive their demand in the construction industry during the forecast period. Therefore, the growth of the market segment is expected to be significant during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the silicone sealants market size.

 

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Silicone Sealants Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive silicone sealants market growth during the next five years
  • Precise estimation of the silicone sealants market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the silicone sealants industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of silicone sealants market vendors

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Silicone Sealants Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 960.00 million

Market structure

Fragmented

YoY growth (%)

4.52

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 49%

Key consumer countries

China, US, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

3M Co., Arkema SA, BASF SE, Dow Inc., DuPont de Nemours Inc., H.B. Fuller Co., Henkel AG & Co. KGaA, Shin-Etsu Chemical Co. Ltd., Sika AG, and Wacker Chemie AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Silicone Sealants market growth will increase by 960.00 million during 2020-2025.

The Silicone Sealants market is expected to grow at a CAGR of 4.92% during 2020-2025.

Silicone Sealants market is segmented by End user( Construction, Automotive, Insulating glass, Others) Geographic( APAC, Europe, North America, South America, MEA)

3M Co., Arkema SA, BASF SE, Dow Inc., DuPont de Nemours Inc., H.B. Fuller Co., Henkel AG & Co. KGaA, Shin-Etsu Chemical Co. Ltd., Sika AG, Wacker Chemie AG are a few of the key vendors in the Silicone Sealants market.

APAC will register the highest growth rate of 49.27% among the other regions. Therefore, the Silicone Sealants market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

China, US, Germany, UK, France

  • Growing demand from construction industry is the driving factor this market.

The Silicone Sealants market vendors should focus on grabbing business opportunities from the Construction segment as it accounted for the largest market share in the base year.