The Silicone Adhesives Market size was around USD 2.32 billion by revenue, at the end of 2020. It is anticipated to grow at a CAGR of 6.3% to reach USD 3.15 billion by 2025.
Silicone adhesives are substances composed of oxygen and silica atoms. They are of two types called as two-component and one-component. Silicone adhesives and sealants market are rising at a faster pace, and this trend is likely to stay for the next decade. Asia-Pacific is the biggest market for silicone adhesives and sealants, which is the major contributor to the progression of this market. However, growing consumer awareness for environmental safety and volatile organic compound in silicone adhesives and sealants is expected to hamper the growth of this market.
Recent Developments
US-based engineers, inspired by microstructures on a gecko’s toepad, have created a directional adhesive with a grip that is 100 times larger in one direction than the opposite direction. The researchers at Stanford University, believe that this invention can provide artificial microstructures with advanced properties and help close the performance gap between synthetic and natural materials.
Avantor, a life sciences materials provider, will be highlighting its latest technologies including its NuSil biocompatible silicone adhesives, at the MD&M West, February 2019.
Drivers in the Silicone Adhesives Market
Great flexibility, and also high resistance to heat, let silicone adhesives to be employed in different end-use businesses like electronics, aerospace & defense, and automotive in others. This drives the call for the global silicone adhesives market. Strong adhesion to broad variety substrates like plastics, metals, glass, rubbers, etc. act as some significant factors to fuel the expansion of the silicone adhesive industry. Adhesive, mainly in the Asia-Pacific region. Increasing incidences of wound infections combined with escalating awareness relating to the advanced medical techniques related to the industry have furthermore acted as another key driver for this industry. The key factor driving the expansion of the industry seen is increasing calls from the construction industry. The increasing call from the automotive industry is driving the worldwide silicone adhesives industry. The silicone adhesives are employed during the production procedure of wire wheels to the engine control modules and assist in decreasing the vehicle weight, hence enhancing fuel efficiency. Therefore, the increasing employment of silicone adhesives in the automotive industry is escalating its call and driving industry expansion. Also, the escalation in the call for customizing automobiles is greatly affecting the worldwide silicone adhesives industry. Silicones play a key role in initiating the adhesion of films and wrappings in vehicles and their high bonding features make sure that the films stick tightly to the substrate that lets the car owners change the color of their vehicles quickly and customize based on the needs.
Therefore, the increase in the call for customizing automobiles also escalates the call for silicone adhesives. The increasing call from the automotive industry together with the escalation in the call for customizing automobiles is driving the silicone adhesives industry expansion. An increasing call for high-performance materials like silicone adhesives which can assist to prevent component failures, decrease expensive warranty repairs, and enhance customer satisfaction in the automotive segment. Government initiatives in the form of grants and & funds and technological developments in medical processes due to which the latest and innovative goods are being introduced are the other key driving factors for the industry. Rising calls for silicone adhesives in medical devices and surgeries owing to the call for offering patients better treatment in a safer environment. Increasing the employment of UV curing technology and thermosets in the making of the product is estimated to improve production pace, enhance scratch resistance, and offer high bonding that in turn is estimated to rise as the most major expansion driver for global silicone adhesives market in the foreseen period. Furthermore, rising call of adhesives in the construction industry due to their different physical and chemical properties when compared to other sealants involving polysulfide, acrylic, and polyurethane is estimated to boost the call of silicone adhesives and sealants and hence driving the worldwide silicone adhesives industry.
Restraints in the Silicone Adhesives Market
Stagnancy in the expansion of advanced nations is probable to hamper the industry’s expansion. Vaporous organic composite in silicone adhesives and sealants and increasing customer awareness for environmental safety is estimated to restrain the expansion of silicone adhesives and sealants. This hampers the expansion of the global silicone adhesives market.
Opportunities in the Silicone Adhesives Market
Conductive features of silicones for electrical applications are probable to create opportunities for the industry in the near years. The rising focus on medical adhesives in wound treatment is also a key factor to propel the expansion of this industry in the years to come.
Challenges in the Silicone Adhesives Market
Increasing consumer awareness for environmental safety and vaporous organic composite in silicone adhesives and sealants is estimated to pose a challenge to the expansion of this industry in the coming years.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 – 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 - 2025 |
|
CAGR |
6.03% |
|
Segments Covered |
By Product, Type, Consumption, Distribution Channel and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
3M Company (US), Wacker Chemie AG (Germany), Dow Corning Corporation (US), Momentive Performance Materials Inc. (US) Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), H.B. Fuller (U.S.), Bostik SA (France), Avery Dennison |
Silicone Adhesives Market segmentation as per the research report until 2025.
Silicone Adhesives Market - By Type
Of the two varieties, the one-component adhesive sector makes most of the market revenue. High flexibility, strong adhesion, and a wide range of applications like glass, plastic, metals, rubbers, etc. are the reasons for one-component silicone adhesive to dominate the market.
Silicone Adhesives Market - By Technology
Silicone Adhesives Market - By End-use
The medical sector of the end-use industry has the highest growth rate in terms of both revenue and volume used in the aforementioned forecast period. The medical end-use industry is mainly driven by the increased incidents of major injuries and the need for harmless adhesives.
Silicone Adhesives Market - By Region
North America
South America
Asia Pacific
Middle East and Africa
Europe
Asia Pacific had the highest market share in 2020 and is expected to be the fastest-growing market, attributed to its high CAGR, increasing demand from growing industries and scope of future opportunities, mainly in developing countries like Japan, India, and China.
Europe and North America are nearly equal in terms of both market share and CAGR. There is moderate growth in these regions of the world due to the domination of well-established industries in parts of Asia Pacific. The Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the Silicone Adhesives market in these regions is slow-growing in nature.
Silicone Adhesives Market key players
Major companies plying their trade in the Silicone Adhesives Market include 3M Company (US), Wacker Chemie AG (Germany), Dow Corning Corporation (US), Momentive Performance Materials Inc. (US) Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), H.B. Fuller (U.S.), Bostik SA (France), Avery Dennison, Delo Industrial Adhesives LLC are the leading shareholders of the Global Silicone Adhesives market. These companies are majorly focused in the research & development of stronger silicone adhesives for wider applications.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 One-Component
5.1.3 Two-Component
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2 Technology
5.2.1 Introduction
5.2.2 PSA
5.2.3 Non-PSA
5.2.4 Y-o-Y Growth Analysis, By Technology
5.2.5 Market Attractiveness Analysis, By Technology
5.2.6 Market Share Analysis, By Technology
5.3 End-Use Industry
5.3.1 Introduction
5.3.2 Building & Construction
5.3.3 Transportation
5.3.4 Medical
5.3.5 Electrical & Electronics
5.3.6 Others
5.3.7 Y-o-Y Growth Analysis, By End-Use Industry
5.3.8 Market Attractiveness Analysis, By End-Use Industry
5.3.9 Market Share Analysis, By End-Use Industry
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Technology
6.1.3.4 By End-Use Industry
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Technology
6.1.4.4 By End-Use Industry
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Technology
6.1.5.4 By End-Use Industry
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Delo Industrial Adhesives LLC
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 3M
8.3 Dow Corning Corporation
8.4 Wacker Chemie
8.5 Henkel AG & Co. KGaA
8.6 Sika AG
8.7 H.B. Fuller
8.8 Bostik SA
8.9 Avery Dennison
8.10 Momentive performance materials
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Silicone Adhesive Market Market By Region, From 2020-2025 ( USD Billion )
Global Silicone Adhesive Market Market By Type, From 2020-2025 ( USD Billion )
Global One-Component Market By Region, From 2020-2025 ( USD Billion )
Global Two-Component Market By Region, From 2020-2025 ( USD Billion )
Global Silicone Adhesive Market Market By Technology, From 2020-2025 ( USD Billion )
Global PSA Market By Region, From 2020-2025 ( USD Billion )
Global Non-PSA Market By Region, From 2020-2025 ( USD Billion )
Global Silicone Adhesive Market Market By End-Use Industry, From 2020-2025 ( USD Billion )
Global Building & Construction Market By Region, From 2020-2025 ( USD Billion )
Global Transportation Market By Region, From 2020-2025 ( USD Billion )
Global Medical Market By Region, From 2020-2025 ( USD Billion )
Global Electrical & Electronics Market By Region, From 2020-2025 ( USD Billion )
Global Others Market By Region, From 2020-2025 ( USD Billion )
