Global Silicone Sealants Market – High Demand From Construction Industry to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#Research–The latest market research report by Technavio
on the global
silicone sealants market predicts a CAGR of around 6%
during the period 2018-2022.

The report segments the global silicone sealants market based on
end-user segments such as construction, automotive, insulating glass,
and others. The report also provides an analysis of the market’s growth
across various geographic regions such as the Americas, APAC, and EMEA.
It provides a detailed illustration of the major factors influencing the
market, including drivers, opportunities, trends, and industry-specific
challenges.

Here are some key findings of the global silicone sealants market,
according to Technavio chemicals
and materials researchers:

• Growing demand from construction industry: a major market driver
• Increase in R&D activities: emerging market trend
• APAC dominated the global silicone sealants market with 41% share in
  2017

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Growing demand from construction industry: a major market driver

Silicone
sealants are used in the construction industry for reliable,
flexible, and waterproof joints in a broad range of applications ranging
from small domestic renovations to river-spanning bridges.

Silicone sealants are commonly used in facade and roofing systems,
windows, and wall panels and partitions, owing to their properties such
as better adhesion to all substrates and moisture and weather
resistance. The growing demand silicone sealants for glazing, flooring,
and joining applications in the construction industry is expected to
drive the demand for silicone sealants.

According to a senior analyst at Technavio for additives,
adhesives, and sealants research, “The emerging economies are
estimated to account for approximately 63% share of the construction
industry by 2025. The growing construction activities comprising of
infrastructure and residential projects in APAC and the Middle-East will
foster demand for silicone sealants thus, driving market growth during
the forecast period.”

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Technological advancements: emerging market trend

The growing innovation and product development in silicone
sealants are expected to boost demand for silicone sealants
during the forecast period. Vendors such as 3M, Henkel, and DowDuPont
have increased their R&D activities for silicone sealants. The growing
innovation from the developed countries such as the US, Germany, France,
and the UK is also expected to augment market growth.

For instance, in 2016, Henkel introduced a brand-new silicone adhesive
sealant technology for electronics application to provide
flexibility and high performance. The BERGQUIST TLB 400 SLT is a
two-part silicone sealant used in automotive module applications. Its
adaptable thermal cure profile makes it fully curable at temperatures
from 77°F to 356°F. This technologically advanced sealant allows the
automotive specialists to accommodate different manufacturing protocols.

Global market opportunities

In terms of regional dominance, APAC led the global silicone sealants
market, followed by EMEA and the Americas in 2017. However, APAC is also
the fastest growing market due to increased construction activities in
the region.

EMEA and the Americas are expected to witness a small decline in their
market share over the forecast period which will be absorbed by APAC to
further increase its market share by close to 2%.

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