Rise in construction activities and Increasing demand for silicone sealants, owing to their unique properties, such as low-temperature resistance, good electrical properties and weather resistance, and chemical stability, are expected to drive the demand for the Global Silicone Sealants Market in the forecast period, 2024-2028. According to the TechSci Research report, “Silicones Sealants Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, Global Silicones Sealants are projected to increase at an impressive rate in the forecast period, 2024-2028. Silicone sealants are employed in the structures’ expansion, building, connection, and movement joints.
The Important Elements of the Silicone Sealant Market
These sealants also increase the flexibility of facility structures, allowing materials to withstand pressure and movement caused by wind or earthquakes. Buildings can be made more energy-efficient using silicone sealants to prevent moisture and cold or warm air from entering via joints and cracks.
Furthermore, silicone rubber sealants are used specifically for HVAC because of their exceptional durability, weather resistance, shrink and crack resistance for cars, interior air quality, and thermal comfort. Modern HVAC control systems are utilized in residential and commercial buildings to provide people with healthy indoor air to breathe. As a result, the rise in new construction will contribute to the rising HVAC demand, resulting in market growth and expansion. However, the market expansion of silicone sealants is anticipated to be hampered by fluctuating raw material prices, which have a significant impact on the profit margins of silicone sealants.
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Globally, the construction industry constantly uses silicone sealants, primarily as one-part room temperature vulcanizable (RTV) products, for applications like sealing building and highway expansion joints, general weatherproofing of joints in porous and non-porous substrates, sanitary joints around bathroom and kitchen fixtures, as well as fire-rated joints around pipes, electrical conduits, ducts, and electrical wiring within building walls and ceilings. Consequently, the overall market’s demand has soared.
Global Silicone Sealants Market is segmented based on Technology, and Application. Based on technology, the Global Silicone Sealant Market can be divided into Room Temperature Vulcanizing (RTV), Thermoset or Heat cured, Radiation cured, and Pressure sensitive. Based on Application, the market is divided into Construction, Insulating glass, Automotive, Industrial, and Others.
Based on Application, the construction sector dominated the market. For applications like sealing building and highway expansion joints, general weatherproofing of joints in porous and non-porous substrates, sanitary joints around the bathroom and kitchen fixtures, as well as fire-rated joints around pipes, electrical conduits, ducts, and electrical wiring within building walls and ceilings, silicone sealants, primarily as one-part room temperature vulcanizable (RTV) products, are widely used by the construction industry. Room Temperature Vulcanizing (RTV) dominated the market based on technology. Acetoxy, alkoxy, and oxime silicone sealants are increasingly being used in structural applications in the building, construction, and automotive industries, which is a major factor driving the need for RTV.
Major companies operating in Global Silicone Sealants Market are:
- Dow Chemical Company
- Jyoti Resins & Adhesives
- Pidilite Industries Ltd
- Wacker Chemie AG
- Astral Adhesives
- HP Adhesives Ltd
- Huntsman International LLC
- H.B. Fuller
- Mapei S.p.A.
- The 3M Company
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“The increased use of silicone sealants in composite joints, which is steadily expanding its applications in sectors like aerospace, consumer packaging, and automotive, is the main reason propelling the silicone sealants market. Moreover, the industry for silicone sealants is growing because of economic expansion and rising consumer purchasing power. The silicone sealants market has seen trends related to the automotive industry, the rising need for electric vehicles, and the expansion of European buildings. These factors are creating favorable conditions to boost the global demand for Silicone Sealants Market till 2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Silicone Sealants Market, 2028- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Technology (Room Temperature Vulcanizing (RTV), Thermoset or Heat cured, Radiation cured, and Pressure sensitive), By Application (Construction, Insulating glass, Automotive, Industrial, and Others), Region and Competition, has evaluated the future growth potential of Global Silicone Sealants Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Silicone Sealants Market”
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