[FURL=https://www.industryarc.com/Research/Silicone-Adhesives-And-Sealants-Market-Research-503001?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Silicone Adhesives And Sealants Market[/FURL] Silicone Adhesives and Sealants Market size is forecast to reach US$5.5 billion by 2026, after growing at a CAGR of 5.8% during 2021-2026. Silicone adhesives and sealants offer versatility, resistance to extreme temperatures, durability, outstanding performance features, and are ideal for various applications in the electronics, aerospace, construction, and healthcare industry. UV cured adhesives are used in electronic beams for curing without any excessive heat generation. Silicone Adhesives and Sealants are used in commercial and home construction, which is exposed to extraordinary climate conditions, including direct sunlight, rain, and solidifying temperatures.Key Takeaways
Asia-Pacific region dominated the silicon adhesive and sealants market, due to the high consumption of adhesive and sealants products in emerging and developing Asian countries such as India, China, Japan, Malaysia, South Korea, and others.
Pidilite Industries acquired India's Huntsman Group's subsidiary for Rs. 2,100 crores (US$ 283.38 million). This acquisition was done with retail portfolio of adhesives and sealants.
Increasing demand for silicone adhesives and sealants with high protection from warmth and substance responses add to its broad use in the aerospace & aircraft industry.
Increasing consumption in the pharmaceutical and medical sector as they provide better treatment in a safer environment to the patient and is expected to drive the silicone adhesives and sealants industry.
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Silicone Adhesives and Sealants Market Segment Analysis – By Geography
The Asia Pacific dominated the silicone adhesives and sealants market in 2020 with a share of more than 45%. China and India are expected to witness high demand for adhesives and sealants during the forecast period, with the growing need for consumer products, personal protective equipment from the healthcare industry, and packaging products in the FMCG. According to the Indian Brand Equity Foundation (IBEF), the fast-moving consumer goods (FMCG) sector accounts for 50% of FMCG products sales in India thus, the FMCG market grew at 9% - 10% in 2020.
Silicone Adhesives and Sealants Market Drivers
Increasing Consumption of Silicone Adhesives and Sealants
Increasing Demand from End-Use Industry
Silicone Adhesives and Sealants Market Landscape
Major players in the Silicone Adhesives and Sealants Market are 3M, Henkel Corporation, ALSTONE, McCoy Soudal, Dow Corning Corporation, Momentive, Aerol Formulations Private Limited, Wacker Chemie AG, MASTERBOND, AVERY DENNISON, Sika AG, ACC Silicones Ltd., American Sealants, Inc., Novagard Solutions, NITTO DENKO CORPORATION, and among others.
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