Silicone Adhesives And Sealants Market - Forecast(2024 - 2030)
Silicone Adhesives and Sealants Market Overview
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. Apart from this, modified silicon polymer technology is mainly utilized
in the adhesives and sealants world. This technology is used in construction
applications, such as waterproofing, glazing, and insulating. On the
other hand, organic adhesives including thermosets in the manufacturing of adhesive
and sealants products are expected to enhance production speed, in turn, which
is expected to emerge as the most significant growth driver for silicone
adhesives and sealants market.
Covid-19 Impact
The COVID-19 pandemic has changed the order
of the supply chain of products. COVID-19 created change in the global market
due to the temporary closure of manufacturing plants and across industries such
as automotive, transportation, construction which halted their progress. In addition, in March
2021 according to the International Organization of Motor Vehicle Manufacturers
(OICA), vehicle production in Europe, North America, and South America fell by
21%, 20%, and 30%, respectively. Also, according
to U.S. Census Bureau, the construction spending in the US decreased 0.8% in
January 2021, which in turn has affected the demand and production of sealants
and adhesives as well, thereby limiting the market growth.
Report Coverage
The
report: “Silicone
Adhesives and Sealants Market – Forecast (2021-2026)”, by Industry ARC,
covers an in-depth analysis of the following segments of the silicone adhesives and sealants industry.
By Product: One Component and
Two Components
By
Technology: Pressure
Sensitive Adhesives (PSAs), and Non-Pressure Sensitive Adhesives (Non-PSAs)
By
End-Use Industry: Building and Construction
{Residential Buildings (Apartments, Raw Houses, Dormitories, Hotels, others),
Commercial Buildings (Office Buildings, Warehouses, Shopping Malls, Hospitals,
Medical Centers, others), Educational Institutes (Universities, Schools, others),
Others}, Packaging Industry (Food & Beverages, Personal Care Products, Others), Home Appliances (HVAC System, Refrigerators, Dishwasher, Others), Aerospace &
Aircraft, Textile Industry, Pharmaceutical and Medical Sector, Electrical and Electronics, and Others
By
Geography: North America (USA,
Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands,
Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South
Korea, ANZ, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South
America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and
RoW (Middle East and Africa)
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.
- Additionally, increasing development in polymer technology with outstanding performance is expected to witness sustainable growth from end-use industries such as electronics, aerospace, construction, and healthcare industry.
Figure: APAC Silicone Adhesives and Sealants Market Revenue, 2020-2026 (US$ Billion)
For More Details on This Report - Request for Sample
Silicone Adhesives and
Sealants Market Segment Analysis – By Product
One component segment is projected to witness the
highest share in the silicon adhesive and sealants market during the forecast period. One component silicone adhesive requires a
humidity of 5% to 95% and temperature 40 0F to 100 0F
(5°C and 40°C) to cure the adhesive and sealants. For rapid curing of an
adhesive film, it requires a high thickness of film. One component silicone
adhesive is used extensively in aircraft and aerospace applications.
Furthermore, due to its
high flexibility and strong adhesion to a wide range of substrates such as metals,
rubbers, and others, it is widely used in transport industries. Hence, the rise in
demand for one component is a major growth component of the silicone adhesive
and sealants market.
Silicone Adhesives and
Sealants Market Segment Analysis – By Technology
Pressure-sensitive
adhesive (PSA) technology dominated the silicone adhesives and sealants market in
2020. With this technology silicon, adhesive and sealants are used to assemble
electronic devices, to labeling food packaging, and mountings graphics
displays. PSA technology does not require solvent, water, or heat to activate
the adhesive. The bond is directly influenced by the amount of pressure that is
used to apply the adhesive on the surface. Silicone adhesives are relatively
expensive and have a very low initial tack, but can withstand higher
temperatures than organic adhesives like synthetic rubber and acrylic adhesive.
The use of pressure-sensitive adhesive
technology in high-performance applications has been increasing due to advances
in organic adhesives and also this technology is suitable for skin contact and
transdermal drug delivery. Hence, the demand for PSA technology increases from the
medical sector, in turn, which is estimated to grow the market size.
Silicone Adhesives and
Sealants Market Segment Analysis – By End-Use Industry
Building and
construction sector held the largest share in the silicone adhesives and
sealants market in 2020 and is growing at a CAGR of 5.3% during this forecast
period, due to their excellent chemical and physical properties as compared
with other organic adhesives or sealants. Silicone sealants and adhesives bond diverse
materials such as concrete, glass, granite, steel, and plastics stay affixed
and absorb stress and movement from wind or earthquakes. Sealants are also
protecting joints and materials from moisture, heat, corrosion, sunlight,
ultraviolet radiation, pollution, and other chemicals. Hence, increasing real
sector investment is supports silicon adhesives and sealants. According to the National Bureau of
Statistics real estate investment in August 2020 rose 11.8% in China.
Additionally, increasing advancement in polymer technology for production speed
is expected to emerge significant growth of the market.
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. Furthermore, the healthcare market in India is expected to reach US$
372 billion by 2022. Hence, all such factors are expected to have a steady growth for the silicone
adhesives and sealants market during the forecast period.
Silicone Adhesives and Sealants Market Drivers
Increasing Consumption of Silicone Adhesives and Sealants
Silicone adhesives and sealants are often used for automobiles, home appliances, and sensors in electronic devices. These are waterproof and UV-resistant adhesive that withstands temperatures from -65°F to 300°F. With this property, it is a perfect adhesive and sealant for repairs in hot areas such as plumbing, engines, or HVAC systems, as well as some industrial purposes, such as sealing various gaskets and ductwork. For construction projects such as sealing gaps or cracks around windows, door frames, baseboards, walls, and molding, an adhesive that combines acrylic and silicone is a better option. Therefore, Henkel invested INR 400 crore (US$ 5.68 billion) in 2019 for its new production facility nearby Pune, which is increasing the consumption of high-performance solutions in adhesives and sealants.
Increasing Demand from End-Use Industry
Silicon adhesive
and sealants help to reduce the weight of vehicles and enhance fuel efficiency
which is creating growth in the aerospace sector. According to India Brand
Equity Foundation (IBEF), the Union Ministry of Defense formulated the Defense
Production and Export Promotion Policy 2020 aims for aerospace & defense
products and services space to generate revenue and exportation worth Rs. 175,000
crore (US$ 23.49 billion) and Rs. 35,000 crore (US$ 4.70 billion), respectively
by 2025. In addition, increasing
demand for adhesives in the medical sector for better treatment is enhancing the
market growth. According to the
National Institution for Transforming India (NITI0 Aayog, India’s biotechnology market is expected to grow around
30% per year to reach $100 billion by 2025. Also,
growing employment in UV cured adhesives and polymer technology to improve
production pace and offer high bonding is estimated to raise the global demand for
silicon adhesive and sealants. For instance, there has been a surge in the
consumption of adhesives for food packaging purposes. This is a result of
changing food habits and an increase in ready-to-cook meals. Therefore, the
demand for silicone adhesive and sealants will continue to grow near future.
Silicone Adhesives and
Sealants Market Challenges
Increasing Consumer Awareness Regarding Health and Environment
Silicone sealants are hard to get
off and can build up on the skin, leading to acne. It can especially cause
irritations for people who have sensitive skin. Also, it is not
good for the environment because it is not bio-degradable. Silicone
sealants are similar to organic adhesive-like rubber. It takes a very long time
to decompose and is also not recycled. Hence, increasing awareness is expected
to pose a challenge for the silicon adhesives and sealants market.
Silicone Adhesives and
Sealants Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Silicone adhesives and sealants market. 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.
Acquisitions/Technology Launches
- In 2020, Bostik has introduced new technology and materials like Kizen™, a hot-melt adhesive for cardboard packaging based on water-white technology, which combines ease of use with strong bond performance. This will accelerate the further growth of adhesives.
- In 2019, Solvay strengthened its collaboration with Safran through a long-term agreement to supply high-temperature composites and adhesives for several critical engine components.
- In 2019, Avantor, a life sciences material provider, will be highlighting its latest technologies including its NuSil biocompatible silicon adhesive, at the MD&M West.
Relevant Reports
Silicone Adhesives Market – Forecast (2021 - 2026)
Report Code:
CMR 1199
Aerospace Adhesives & Sealants Market –
Forecast (2021 - 2026)
Report Code:
CMR 0689
For more Chemicals and Materials Market reports, please click here