Silicone Adhesives Market Forecast | 2022-28

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.

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What are Silicone Adhesives?

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 Dynamics

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.

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Key Players

Some of the manufacturers are-

• 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

Segment Analysis

By Type

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 

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 Insights

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.

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Segmentation

This report studies the market covering a period of 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 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)

Research Methodology

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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

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

What Deliverables will you get in this report?

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