SAN FRANCISCO, August 16, 2016 /PRNewswire/ --
The global silicone sealants market is expected to reach USD 3.50 billion by 2024, according to a new report by Grand View Research, Inc. The product is increasingly substituting various organic sealants and adhesives in construction, insulating glass, automotive, and industrial applications owing to their chemical characteristics including resistance to chemicals and corrosion and physical properties such as water repelling and elongation.
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Growing utilization of thermoset and radiation curing technologies in the manufacturing of the product is expected to enhance the elongation and curing capabilities, which in turn is expected to propel demand over the forecast period. Additionally, the presence of established raw material suppliers including BASF and Evonik with superior additives as part of their product portfolio is expected to propel demand over the forecast period.
Growing demand for the product in the construction industry owing to the superior characteristics of silicone sealants as compared to organic sealants including polyurethane, polysulfide and acrylic are expected to be the key driver for the market over the next eight years. However, high volatile organic compounds (VOCs) emission associated with silicone sealants and growing consumer awareness for environment safety is likely to restrain growth over the next eight years.
Browse full research report with TOC on "Silicone Sealants Market Analysis By Technology (Pressure Sensitive, Radiation Curing, Room Temperature Vulcanizing, Thermoset), By Application (Insulating Glass, Construction, Automotive, Industrial) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/silicone-sealants-market
Further key findings from the report suggest:
Grand View Research has segmented the silicone sealants market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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