Silicone Adhesives Market Analysis | 2022-2028

Silicone Adhesives Market Analysis | 2022-2028

Silicone Adhesives Market Analysis | 2022-2028
Report code - SRAM229 Delivery - 2 Weeks
Silicone Adhesives Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: See more...

Market Insights

The silicone adhesives market was estimated at USD 2.17 billion in 2021 and is likely to grow at a CAGR of 8.12% during 2022-2028 to reach USD 3.77 billion in 2028.

Silicone-Adhesives-Market-Insights

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Market Dynamics

Introduction

Silicon Adhesives are adhesives that have silicon atoms along with oxygen atoms. These are water-resistant solutions with a few properties such as stability, and resistance to temperature and chemicals. These adhesives are also resistant to moisture and weathering.
Silicon Adhesives can be described through several terms such as RTV, thermoset, moisture-cured, radiation cured, and pressure-sensitive. These are also known for their higher flexibility degree and are used in a few industries such as transportation, electronics, construction, medical, and many others.

Market Drivers

The market is driven by a host of factors, some of which are noted below:

  • Wide adoption of silicone adhesives especially from the Asia-Pacific region drives the market globally.
  • The use of silicone adhesives in various end-use industries further strengthens the growth of the market.

Silicone-Adhesives-Market-Dynamics

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Key Players

The following are the key players in the silicone adhesives market:

  • H.B. Fuller Company
  • Wacker Chemie AG
  • DOW Corning Corporation
  • Henkel AG & Company
  • KGaA
  • Illinois Tool Works (ITW)
  • Avery Dennison Corporation
  • Delo Industrial Adhesives LLC
  • Threebond Holdings Co., Ltd 
  • The 3M Company

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segment Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Type Analysis

One Component, Two Components

The one-component held a significant market share in 2022 & is expected to maintain its dominance during the forecast period.

End-Use Industry Type Analysis

Building & Construction, Transportation, Medical, Electrical & Electronics, and Others

Medical end-use segment is expected to have the highest growth during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific is expected to dominate the market in the coming five years.

By Type

"One-component held a significant market share in 2022"

The market is segmented as one-component and two-component. The one-component held a significant market share in 2022 & is expected to maintain its dominance during the forecast period. This growth is owing to the wide use of silicone adhesives in various end-use industries owing to their rich properties, such as high flexibility and superb adhesion properties to substrates.

By End-Use Industry Type

"Medical end-use segment is expected to have the highest growth during the forecast period"

The market is segmented as building & construction, transportation, medical, electrical & electronics, and others. The medical end-use segment is expected to have the highest growth during the forecast period, in terms of both value and volume. This growth is attributed to the growing number of wound infections and progressions in advanced technologies in the market.

Regional Analysis

"Asia-Pacific is expected to dominate the market in the coming five years"

Asia-Pacific is expected to dominate the market in the coming five years, in terms of both value and volume. China and India are the growth engines of the region. The market is driven by the growing use of silicone adhesives by various end-use industries. North America and Europe are also expected to offer sizeable growth opportunities during the number of the forecast period.

Silicone-Adhesives-Market-Regional-Anlaysis

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Research Methodology

  • This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s silicone adhesives market realities and future market possibilities for the forecast period.
  • The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
  • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
  • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The silicone adhesives market is segmented into the following categories:

By Technology Type

  • PSA 
  • Non-PSA 

By Type

  • One-Component 
  • Two-Component 

By End-Use Industry Type

  • Building & Construction 
  • Transportation 
  • Medical 
  • Electrical & Electronics 
  • Others

By Region

  • North America (Country Analysis: the USA, Canada, and Mexico) 
  • Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Silicone-Adhesives-Market-Segmentation

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Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

Frequently Asked Questions (FAQs)

Silicon adhesives are adhesives that have silicon atoms along with oxygen atoms. These are water-resistant solutions with a few properties such as stability, and resistance to temperature and chemicals. These adhesives are also resistant to moisture and weathering. Silicon Adhesives can be described through several terms such as RTV, thermoset, moisture-cured, radiation cured, and pressure-sensitive. These are also known for their higher flexibility degree and are used in a few industries such as transportation, electronics, construction, medical, and many others.

The silicone adhesives market was estimated at USD 2.17 billion in 2021.

The silicone adhesives market is likely to reach USD 3.77 billion in 2028.

The silicone adhesives market is likely to grow at a CAGR of 8.12% during 2022-2028.

The 3M Company, Wacker Chemie AG, DOW Corning Corporation, Henkel AG & Company, KGaA, H.B. Fuller Company, Illinois Tool Works (ITW), Avery Dennison Corporation, Delo Industrial Adhesives LLC, Threebond Holdings Co., Ltd are among the key players in the market.

Asia-Pacific is expected to dominate the market in the coming five years, in terms of both value and volume.

The one-component segment is expected to lead the market in the coming years.

The major factors driving the growth of the silicone adhesives market are the wide adoption of silicone adhesives especially from the Asia-Pacific region drives the market globally & the use of silicone adhesives in various end-use industries further strengthens the growth of the market.

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