The global silicone adhesives and sealants market size was valued at USD 5.20 billion in 2022. It is expected to reach USD 8.44 billion by 2031, growing at a CAGR of 5.53% during the forecast period (2023–2031).
Adhesives and sealants have been around for a very long time. Their primary function is to unite dissimilar substrates. Adhesives and sealants have progressed to the next level of industrial solutions thanks to polymer and chemical science developments. Silicone's unique chemical makeup gives it exceptional adhesive qualities compared to other materials. The strength of silicone bonds is unaffected by high pressure, stress, or high temperatures. Silicone adhesives and sealants are reliable and long-lasting because they may be applied to various surfaces, from glass to metal to plastic. Due to their exceptional adaptability, resilience to severe temperatures, durability, and performance, silicone adhesives and sealants are widely used in various industries, including electronics, aerospace, construction, automobiles, and healthcare.
The construction industry is one of the most significant users of silicone adhesives and sealants worldwide. In both commercial and residential construction, silicone sealant or adhesive is frequently used on materials that could be exposed to harsh weather conditions like direct sunlight, rain, strong winds, or freezing temperatures. Elastomeric sealants with excellent durability, weather resistance, and adhesion are silicone sealants. For example, silicone sealants are flexible enough to move with buildings and structures during earthquakes and typhoons. They are thus frequently employed in sealing applications, such as high-rise structures and housing, civil engineering, clean rooms, and aquarium joints. Due to their benefits, including long-lasting performance, UV stability, weather resistance, and flexibility over a wide temperature range, silicone adhesives are highly favored in the construction industry.
The construction sector in emerging markets like China, India, Russia, and Brazil experienced a combined decline of 2.4% in 2020. The demand for silicone adhesives and sealants has decreased overall due to lower demand across end-user industries, including the construction industry's intensified growth decline and the automotive industry's slowdown. Therefore, during the first few months of the forecast period, the impact and uncertainties caused by the COVID-19 outbreak in various sectors could hinder demand for and growth of the silicone adhesives and sealants market.
Silicone compounds offer more advantages and benefits than any other organic rubber compound because they possess organic and inorganic materials properties. These compounds are widely used in electrical appliances because of their excellent electrical characteristics. These characteristics unequivocally demonstrate silicone's significance in electronic applications. Future demand for silicone could increase due to growth in the global electronics market, representing a significant business opportunity. Medical adhesive applications involving silicones are numerous. These include ostomy bags, transdermal patches, tapes, dressings, and bandages.
Medical industry uses these adhesives more frequently because drugs can easily pass through them. They can quickly be removed without leaving any residue, inflicting pain, or harming the skin. Tapes are another item that uses silicone adhesives in medical devices. Recently, 3M introduced a new generation of silicone adhesive in the form of adhesive tape to assist patients using wearable medical devices. These are specifically made to increase comfort and the time these medical wearables can be worn. Particularly during the global pandemic, the healthcare sector is expanding quickly. The use of silicone adhesives is anticipated to rise with the expansion of healthcare opportunities.
The global silicone adhesives and sealants market is segmented by type and end-user industry.
Based on type, the global silicone adhesives and sealants market is bifurcated into one-component and two-component.
The one-component segment is the highest contributor to the market and is expected to grow at a CAGR of 5.61% during the forecast period. One-component adhesives and sealants require no mixing before application. One-component silicones adhere well to metals, glass, rubbers, plastics, etc. Certain types of one-component silicone sealants and adhesives have high flexibility, optical clarity, thermal conductivity, corrosion resistance, gap-filling ability, low stress, electrical conductivity, and electrical insulation. One-component sealants and adhesives simplify installation. Curing occurs on the exposed surface when exposed to airborne moisture. Silicone adhesives and bonds are extremely heat resistant and won't break or melt if the temperature rises. They can be used in various contexts thanks to their adaptability and stability throughout a broad temperature range. They are available in a wide range of viscosities and hardnesses and can withstand extreme temperatures, vibrations, and corrosion. There are clear silicone sealants and adhesives available.
Two-component adhesives are solids that separate reactive components for storage stability. "Resin" and "hardener" come in separate containers. Hardener and resin must be mixed properly to cure and achieve physical properties. Hand-mixing and applying two-component adhesives are easy for small jobs. Correctly combining the components will ensure proper curing and performance. Using a well-designed package maintains the correct ratio of ingredients for larger applications. Mixing is better with a nozzle. The adhesive can be used repeatedly if the time between uses is within the work life. The work-life of a mixing nozzle must be replaced. The adhesive in larger containers can be measured, mixed, and dispensed using meter-mix machinery. Drums and quarts are both available as containers. Two-part sealants are typically used for waterproofing.
Based on the end-user industry, the global silicone adhesives and sealants market is bifurcated into transportation, building and construction, electrical and electronics, healthcare, and packaging.
The building and construction segment owns the highest market and is expected to grow at a CAGR of 5.93% during the forecast period. For silicones, the construction sector of the market is significant. 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 vulcanisable (RTV) products, are widely used by the construction industry. In addition, sealants for masonry, sealants for precast concrete panels and slabs, sealants for curtain wall joints, roof sealants, sealants for structural glazing, sealants for window glazing, sealants for ceramic tiles and sanitaryware, sealants for civil engineering works, etc. are some of the different types of sealants currently used in construction industry. Factors propelling the market's expansion include rising construction activity in the Asia-Pacific region, increased adoption of new technology, and creative construction techniques.
Rising demand for fuel efficiency through vehicle weight reduction drove automakers to improve adhesives and sealants. Silicone is a material of choice for lifelong protection from environmental stresses due to its chemical stability and mechanical flexibility. Silicones' unique qualities ensure safe, long-term transportation. BEVs and autonomous vehicles use transportation electronics to control drive control units, safety systems, proximity sensors, and connectivity controllers. Automotive electronics module suppliers often use cure-in-place liquid adhesives or sealants. Sealants and adhesives for rail transport are used during design, production, field service, and maintenance.
By Regions, the global silicone adhesives and sealants market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
Europe is the most significant revenue contributor and is expected to grow at a CAGR of 5.24% during the forecast period. The German economy is the fifth-largest in the world and the biggest in Europe. Europe's largest construction market is in Germany. However, the nation's construction industry has been expanding slowly, primarily due to an increase in the number of new residential construction projects. Europe is the largest automobile producer in Germany. With 41 assembly and engine production facilities, Germany dominates the European auto industry and produces one-third of the continent's cars. Manufacturers from various segments, including equipment manufacturers, suppliers of materials and components, and integrators of complete systems, can be found in Germany, one of the top manufacturing hubs for the automotive industry. Germany is also home to manufacturers from various segments, including equipment manufacturers, material and component suppliers, engine producers, and whole system integrators. Germany is one of the leading manufacturing bases for the aircraft industry. According to the Federal Ministry of Economic Affairs and Energy, Aerospace is a significant industry in Germany, with a solid industrial base and anticipated high growth rates in the years to come.
Asia-Pacific is expected to grow at a CAGR of 5.96% during the forecast period. China has the largest economy in the Asia-Pacific region in terms of GDP. By 2025, the Chinese government hopes to have at least 5,000 fuel cell electric vehicles on the road, and by 2030, 1 million. Electric vehicles are anticipated to dominate the market under study during the forecast period due to the government's promotion of electric, hybrid, and fuel-cell vehicles. To reduce pollution, Volkswagen announced in May 2020 that it would invest roughly USD 2.48 billion in the Chinese market for electric vehicles. Over the forecast period, this is anticipated to fuel the market for electric vehicles, driving demand for silicone adhesives and sealants.
The United States is the largest and most potent economy in the world. The Federal National Mortgage Association (Fannie Mae) predicted that residential home building would increase by 10% in 2020, with 1 million new homes expected to be sold by the end of 2021. Although COVID-19 is predicted to significantly reduce residential construction through 2021, which is predicted to impact the use of silicone adhesives and sealants in construction, the growth is expected to pick up after 2021 and continue throughout the forecast period.
In recent years, Brazil's economy has grown only slowly. One of the region's top producers of automobiles in Brazil. In contrast to the 2.94 million vehicles produced in 2019, the nation only produced 2.01 million in 2020, a 32% decrease. Additionally, sales dropped from 2.787 million vehicles in 2019 to 2.058 million in 2020, a decline of 26.2%. As we move into the later part of the forecast period, this will likely impact the industry in 2021 before recovering and expanding. Brazil also has Latin America's largest electric vehicle market. Brazil's Constitution and justice commission, CCJ, approved a bill in mid-January that forbids the sale of new gasoline and diesel vehicles in the nation beginning in January 2030. Thus, only vehicles powered by electricity or bioenergy, such as ethanol, would be allowed. The bill also bans using gasoline or diesel-powered vehicles beginning in 2040.
Saudi Arabia has robust government control over all the main economic activities and an oil-based economy. Saudi Arabia aims to become the region's new center for the automobile industry. Although the nation imports many cars and auto parts, it is currently working to entice original equipment manufacturers (OEMs) to establish production facilities to grow the domestic auto industry. Growth in the building industry, particularly in the residential and leisure markets, is anticipated to be driven by rapid urbanization, increased population growth, and tourism. The government is increasing funding for KSA's transportation infrastructure, moving forward with important initiatives, and opening new opportunities for the service industry. The New Taif Project, Diriyah Gate Project, Jeddah and Riyadh Metro, Al Widyan, The Kingdom Tower, Jeddah, King Abdullah Economic City of Rabigh, Jabal Omar, etc., are a few examples of significant construction projects. The market for adhesives and sealants in the construction industry is anticipated to be driven by the expanding construction activities in the area.
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