The global silicone sealants market size was valued at USD 4.24 billion in 2021 and is poised to grow at a significant CAGR of 5.6% during the forecast period 2022-28. Silicone sealants are viscous polymers that serve as sealants in a variety of industries. These sealants differ from typical adhesives in terms of elasticity and strength. Sealants must have sufficient elongation and flexibility when applied between substrates with varied elongation rates under pressure or thermal expansion coefficients. Silicone sealants are typically made using inert fillers and are combined with an elastomer to provide the needed flexibility and elongation. Silicone rubber elastomers, for example, are widely utilised in construction, automotive, industrial, as well as consumer applications as sealants.
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The rising demand for silicone sealants in the construction industry is propelling the market forward. The product's exceptional chemical and physical features, such as resistance to chemicals, high and low temperatures, and weathering, as well as durability and strength, are driving growing demand. Silicone sealants are useful in the building sector in a variety of ways. Their use aids in the longevity of exterior paints and coatings, the long-term maintenance and appearance of the façade, the reinforcement of natural strength and weather-ability of existing joints and structures, and the improvement of the building's energy efficiency. As a result, the building and construction industry's growth is expected to have a beneficial impact on silicone sealant demand over the projection period.
The global silicone sealants market segmentation:
1) by Cure Type: Acid Cure, Neutral Cure, Acetone Cure, Amine Cure.
2) Type: High Temperature Sealant, Electric Grade Self-Levelling, Multipurpose, Others.
3) Modulus: High Modulus Silicon Sealants, Low Modulus Silicon Sealants.
4) Product Form: Free Flowing, Cure in Place Gasketing, Elastomeric Silicone Rubber, Lubricating Greases.
5) Application: Construction, Electronics, Automotive, Aerospace, Marine, Industrial Assembly and maintenance, Consumer products, Others.
From a geographical standpoint, emerging nations in Asia Pacific lead the worldwide silicone sealants market, followed by Europe and North America. Over the projected period, the worldwide silicone sealants market is likely to benefit from growth in key end-user industries such as transportation and construction, notably in India and China. Due to the country's expanding consumer demand for high-quality products and its construction industry's continuous development rate, China is expected to see a considerable increase in demand for silicone sealants. The vast majority of silicone sealants used in China are diverted to construction-related uses, with glass curtain walls taking the lead. For instance, according to the Japan Ship Builders Association, total world new order fell to 1,474 ships in 2019, down from 1,508 orders in 2018. This has had a negative impact on the market's growth. These sealants are used in the automotive sector to bond automobile gaskets, engine applications that provide a gap or sealing joint on your vehicle, and they are extremely resistant to UV, alcohols, dilute acids, and other corrosive fluids. They can even function in the most extreme temperatures.
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There are several industry players working in the Silicone Sealants Market, which include BASF, DuPont, Henkel, Dow Corning, RPM International, 3M Company, B. Fuller, Shin-Etsu Silicones, Bostik, Wacker Group, Sika Group, Whitford Worldwide (Polymeric Systems, Inc.)
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