Silicone Sealants Market to be Dominated by Construction Segment Through 2028
Rise in construction
activities and Increasing demand of the 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 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. 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 its 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.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Silicone Sealants Market"
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 Sealants 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, 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 building. 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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