Middle East & Africa Silicone Sealants Market Size & Outlook
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MEA silicone sealants market highlights
- The MEA silicone sealants market generated a revenue of USD 102.2 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, room temperature vulcanizing (rtv) was the largest revenue generating technology in 2023.
- Thermoset or heat cured is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 102.2 million |
| Market revenue in 2030 | USD 146.4 million |
| Growth rate | 5.3% (CAGR from 2024 to 2030) |
| Largest segment | Room temperature vulcanizing (rtv) |
| Fastest growing segment | Thermoset or heat cured |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Room temperature vulcanizing (RTV), Thermoset or heat cured, Radiation cured, Pressure sensitive |
| Key market players worldwide | Dow Inc, Shin-Etsu Chemical Co Ltd, Wacker Chemie AG, 3M Co, Tremco, Inc., Bostik, Sika AG, Henkel AG & Co KGaA, Huntsman Corp, H.B. Fuller Co, Mapei |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.5% of the global silicone sealants market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,370.3 million by 2030.
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Silicone Sealants Market Scope
Silicone Sealants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tremco, Inc. | View profile | 1001-5000 | Beachwood, Ohio, United States, North America | http://www.tremcoroofing.com/ |
| Bostik | View profile | 5001-10000 | Paris, Ile-de-France, France, Europe | http://www.bostik.com |
| Mapei | View profile | 10001+ | Milan, Lombardia, Italy, Europe | https://www.mapei.com/ca/ |
| H.B. Fuller Co | View profile | 7200 | 1200 Willow Lake Boulevard, Saint Paul, MN, United States, 55110-5101 | https://www.hbfuller.com |
| Shin-Etsu Chemical Co Ltd | View profile | 25717 | 6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-0004 | http://www.shinetsu.co.jp |
| Henkel AG & Co KGaA | View profile | 48000 | Henkelstrasse 67, Duesseldorf, NW, Germany, 40589 | https://www.henkel.com |
| Sika AG | View profile | 33547 | Zugerstrasse 50, Baar, Switzerland, 6340 | https://www.sika.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
Middle East & Africa silicone sealants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silicone sealants market will help companies and investors design strategic landscapes.
Room temperature vulcanizing (rtv) was the largest segment with a revenue share of 68.4% in 2023. Horizon Databook has segmented the Middle East & Africa silicone sealants market based on room temperature vulcanizing (rtv), thermoset or heat cured, radiation cured, pressure sensitive covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa silicone sealants market is expected to grow on account of the rising construction and automotive industries in the region.
The demand for the product is also expected to grow in the consumer goods industry owing to the prevalent weather conditions in the region, which trigger the need for effective packaging and storing of commodities.
The growing consumer income in the United Arab Emirates and South Africa is expected to augment market growth for consumer goods and, in turn, lead to an increased demand for silicone sealants in the region.
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Our clientele includes a mix of silicone sealants market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa silicone sealants market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa silicone sealants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Silicone Sealants Market Outlook Share, 2023 & 2030 (US$M)
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