Silicone Sealants Market to be at Forefront | 2020
Silicone
sealants are viscous materials that find valuable use as sealants in
various industry verticals. These sealants are not the same as common
adhesives; they differ in elasticity and strength. The sealants, when
applied between substrates with different elongation rates under
pressure or thermal expansion coefficients, need satisfactory
elongation and flexibility. Silicone sealants typically also hold
inert fillers and are formulated in conjunction with an elastomer to
deliver the required flexibility and elongation. Silicone rubber
elastomers, for instance, are widely used as sealants in
construction, automotive, industrial, and consumer applications.
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Report Overview @
This
report is a spread of all key trends currently affecting the global
silicone sealants market, along with its drivers and restraints. The
report offers projections for the global silicone sealants market as
it is expected to be over the coming years. Key frames of analysis of
the market include data on its recent developments, expressed through
methodologies such as Porter’s five force model analysis and a SWOT
analysis for the leading players. The report also comprises a review
of the global silicone sealants market and its micro and macro
influences that are vital for current players as well as hopeful
entrants.
Global
Silicone Sealants Market: Trends and Opportunities:
The
global silicone sealants market has been developing at a significant
pace thanks to its high rate of application for end user from
packaging, automotive and construction. The increasing number of
environmental concerns linked to synthetic sealants and adhesives has
pushed the manufacturers to focus more on the bio-based alternatives
and the development of these products. Polyurethane and silicone
sealants have so far accounted for the top spots in terms of volume
consumed. Silicone sealants are expected to see the fastest growth
over the coming years, primarily due to rising levels of product
innovation, thereby leading to an overall growth in their
applications in the industries of packaging and automobile, where
silicone sealants are consumed in high volumes for the purpose of
protection and lamination.
The
rising demand for sealants by the swiftly expanding construction
industry is expected to boost the global silicone sealants market
over the coming years. Silicone sealants, as opposed to adhesives,
exhibit higher elongation and lower strength. This makes them
appropriate for sealing joints and assemblies. Furthermore, the
growing number of activities in construction, especially in the BRIC
group, is anticipated to fuel the demand for silicone sealants.
The
global silicone sealants market is, however, being restricted by the
rising environmental regulations and concerns regarding the use of
silicone sealants. Due to this, manufacturers are increasingly
pushing for the development of bio-based sealants and this move is
expected to provide new opportunities for the growth in the global
silicone sealants market.
Global
Silicone Sealants Market: Region-wise Outlook:
Emerging
economies from Asia Pacific are leading the global silicone sealants
market from a geographical perspective, followed by Europe and North
America. Growth of the major end user industries such as
transportation and construction, particularly in India and China is
expected to boost the global silicone sealants market over the
forecast period. China especially is likely to show a significant
rise in demand for silicone sealants due to the country’s growing
consumer demand for high quality products, along with a consistent
increase in the growth rate of its construction industry. A bulk of
the silicone sealants being used in China are diverted to
construction based applications, in which glass curtain walls account
for the leading share.
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Companies
Mentioned in the Research Report:
Some
of the leading players in the global silicone sealants market so far,
have been 3M Company, BASF, E. I. du Pont de Nemours and Company, H.B
Fuller company, Henkel AG & Co. KGaA, RPM International, Inc.,
and The Dow Chemical Company.
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