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Silicone Sealants Market to be Driven by Increasing Usage in Construction, Insulating Glass & Automotive Application, Trends Forecast Till 2024 | Million Insights


News provided by

Million Insights

04 Feb, 2019, 11:10 GMT

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FELTON, California, Feb. 4, 2019 /PRNewswire/ -- Global Silicone Sealants Market is anticipated to reach USD 3.50 billion by 2024 due to its growing applications in construction, automotive and insulating glass industry by replacing several materials like sealants and organic adhesives. Silicone sealant is an adhesive available in liquid form (looks like gel). The adhesive maintains elasticity and stability in different temperatures. A silicone sealant can potentially resist moisture, chemicals which makes it ideal for multiple application in construction industry.

The major factor driving silicone sealants market is the growing use of silicone sealants in composite joints that are progressively increasing its applications in industries like aerospace, consumer packaging and automotive. Moreover, economic growth and increase in spending power of consumers is encouraging the growth of silicone sealants industry. However, unstable prices of raw materials that drastically affect silicone sealants profit margins is predicted to hamper market growth of the silicone sealants. The developments in automotive industry, growing demand for electric vehicles and developing construction of Europe are the trends witnessed by silicone sealants market.

Silicone sealants industry is categorized on the basis of cure type, components, modulus, production form, end user and geography. On the basis of cure type, the market is divided into acid cure, acetone cure, alkoxy, neutral cure and amine cure. Alkoxy silicone sealants segment is predicted to register significant growth in near future owing to its features like excellent shear strength and swift skin formation. On the basis of modulus, silicone sealants market is classified into low modulus and high modulus. Low modulus is expected to lead the market owing to increasing applications due to features like better elasticity and others.

Browse 115 page research report with TOC on "Global Silicone Sealants Market" at: https://www.millioninsights.com/industry-reports/silicone-sealants-market-size

In terms of end user, silicone sealants industry is split into aerospace, automotive, construction, consumer products, electronics, marine, industrial assembly and maintenance and others. Construction industry is anticipated to dominate the market of silicone sealants in the forecast period due to increasing infrastructure in the emerging economies.

Geographically, silicone sealants market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific and Europe are expected to lead the market of silicone sealants owing to the developments in end use industries like construction, automobiles, cosmetics and food and beverages in packaging applications. The key players in silicone sealants industry are 3M Company, BASF, H.B. Fuller, DuPont, Henkel, Dow Corning, Shin-Etsu Silicones, Bostik, RPM International, Sika Group and Wacker Group.

Market Segment:

  • Silicone Sealants Market Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)
    • Pressure Sensitive
    • Radiation Curing
    • Room Temperature Vulcanizing
    • Thermoset
  • Silicone Sealants Market Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
    • Construction
    • Insulating Glass
    • Automotive
    • Industrial
    • Others
  • Silicone Sealants Market Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
    • North America

- U.S.
- Canada

    • Europe

- Germany
- UK

    • Asia Pacific

-  China
-  Japan
-  India

    • Latin America

- Brazil

    • Middle East & Africa

Browse reports of similar category available with Million Insights:

  • Alginate Market
  • Organic Peroxide Market
  • Perlite Market
  • Sulfur Hexafluoride Market

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com

Web: https://www.millioninsights.com/

Blog: https://millioninsights.blogspot.com/

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