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Silicone Sealants Market Size
Silicone Sealants Market is set to exhibit robust growth between 2024 and 2032, driven by the proliferating investment interest in construction and infrastructure development activities.
The influx of sustainable construction practices is contributing to the growing adoption of silicone sealants for enhancing the energy efficiency of structures. The durability and resistance properties offered by silicone sealants also helps meet the stringent requirements for energy-efficient building materials, fostering the widespread use of sealing gaps, joints, and windows, for improved insulation while preventing air and moisture infiltration. For instance, in May 2023, Fire and Acoustic Seals introduced its new FAS fire door silicone sealants, exclusively tested to seal gaps around exterior doors and external timber screens and comply with BS 476 standards for smoke and air leakage.
The rising ecological concerns associated with synthetic adhesive and sealants formulations is another major trend driving the silicone sealants industry growth through 2032. The upsurge in demand for sustainable solutions is also compelling several manufacturers to make collaborative efforts to produce bio-based silicone sealant alternatives to traditional synthetic formulations.
Silicone Sealants Market Trends
The global shift towards carbon neutrality, as well as the quest for new and local energy sources to assure stable supply will effectively add to the demand for high-performing, cost-effective, and renewable energy solutions integrated with PV modules. To that end, several industry participants are focusing on the development of reliable sealant solutions to address the growing need for integrated construction and infrastructure solar solutions along with large-scale solar power plants. For instance, in March 2023, Dow expanded its silicone sealant product range for photovoltaic (PV) module assembly components for accelerating the transition towards renewable energy.
Silicone Sealants Market Analysis
In terms of end-user industry, the silicone sealants industry from the building and construction segment is anticipated to gain significant traction from 2024-2032. The widespread use of silicone sealants in sealing windows, doors, and joints is due to their excellent adhesion and flexibility. Silicone sealants, provide durable and weather-resistant bonding solutions for various construction applications. The expanding global construction sector, driven by infrastructure development and urbanization is also fueling the product demand. With Architects and builders prioritizing high-performance materials, the use of silicone sealants as indispensable in modern construction projects worldwide will further rise.
Regionally, the Asia Pacific silicone sealants market is slated to depict considerable growth between 2024 and 2032 attributed to the burgeoning construction activities and infrastructure development. Rapid urbanization, population growth, and increased focus on sustainable building practices are contributing to the rising demand for silicone sealants. Several APAC countries are investing in modernization and green building initiatives, further driving the growing need for silicone sealants for enhancing the building performance and durability. Moreover, the presence of booming automotive and electronics industries will further augment the regional industry outlook.
Silicone Sealants Market Share
Major firms operating in the silicone sealants industry are undertaking strategic efforts, such as new product developments, mergers, and acquisitions, to expand their footprint in the global market. For instance, DuPont, a renowned firm providing innovative and high-performance solutions, is leveraging advanced silicone technologies to offer a range of sealants for catering to diverse applications in construction, automotive, and industrial sectors. Strong commitment to quality and sustainability is establishing DuPont as a key contributor.
Some of the leading silicone sealants market players include:
- RPM International Inc.
- DuPont
- BASF
- Henkel
- Dow Silicones Corporation
- Sika AG
- Shin-Etsu Silicones
- Wacker Chemie AG
- 3M Company
- Fuller Company
- Bostik
Silicone Sealants Industry News
- In November 2023, Henkel relaunched its bonding and sealing products with recycled cartridges for European customers and artisans.