GVR Report cover Silicon Sealants Market Size, Share & Trends Report

Silicon Sealants Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Historical Data: ---
  • Forecast Period: 1 - 2025 
  • Industry: Bulk Chemicals

Global silicon sealants market is anticipated to grow at a fast pace owing to the rapidly growing global construction industry. Growth in commercial and residential construction activities in emerging economies of Asia Pacific, including India and China, is likely to fuel silicon sealants market over the forecast period. In addition, silicon sealants find applications in automobile as well as packaging markets. Sealants are employed for protection and lamination in packaging and automobile industries. Packaging market is likely to witness growth on account of growth of its increasing application in numerous end-use industries including cosmetics, food and pharmaceuticals. This is likely to drive the demand for silicon sealant over the projected period. Boost in global automobile industry across various regions is expected to augment silicon sealants market over the projected period. Innovation in product development for silicon sealants is anticipated to augment market growth over the next six years. 

Silicon sealants are viscous materials that have less or no flow characteristics. Silicon sealants differ from adhesives in terms of elongation and strength. These sealants contain inert filler materials and are usually devised with an elastomer to achieve the desired flexibility and elongation. Silicon rubber, being an elastomer, is an extensively used silicon sealant in various end-use industries including automotive, construction, industrial, consumer, and packaging. Growth of these end-use industries is likely to propel the silicon sealants market over the projected period. Furthermore, silicone sealants are employed in the manufacturing of glass. Growth in the global glass industry due to upcoming construction projects and its use in the packaging industry are likely to augment silicon sealant demand over the next six years. 

Emerging countries such as Brazil, India and China are anticipated to witness high demand for silicone sealants owing to growing customer demand for high quality products coupled with rapid growth of the construction industry. Furthermore, silicon sealants are consumed in construction industry, wherein glass curtain walls accounted for a large market share in 2013. However, stringent environmental regulations put forth by various government agencies regarding the use of silicon sealants is expected to be a major restraint for the market. Hence, major manufacturers are increasingly focusing on the development and introduction of bio-based alternatives for silicon sealants. 

Key manufacturers of silicon sealants include DuPont, BASF SE, Henkel AG & Co., Dow Chemical, and RPM International.

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