The growing disposable income among developing countries and the increasing penetration of silicone sealants in the application sectors are the key drivers of the market. In addition, the growing acceptance among consumers owing to better performance, wide operating temperature range, and high chemical resistance are also pushing the market. This pattern is expected to continue during the forecast period to increase silicone sealants market with a CAGR of 4.0% to reach $3.29 billion by 2022.
“Construction Sector to Push the Silicone Sealants Market to $3.29 billion by 2022”
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Advancements in technology and growing concern over usage of non-eco-friendly products have added to the growth of the market. High manufacturing base in developed and developing countries coupled with the booming construction sector has further contributed to the market demand. Premium prices restrict the market of silicone sealants in the lower per capita income countries, yet it is expected to show a high growth rate during the forecast period in the developing and under developed countries.
The construction sector is one of the major contributors to the silicone sealants market. The high growth in economies and the increasing per capita income among consumers in the developing countries have increased the demand of construction. This trend is expected to continue with the construction sector leading the market during the forecast period. By curing method, alkoxy silicone sealants are dominating the market of silicone sealants. It has a huge market in the construction industry due to its superior performance over a wide range of temperature and better adhesion to various surfaces. The use of acetoxy sealants in glass insulation is pushing the demand for overall silicone sealants market.
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Several alternatives, such as polyurethane, polysulfide, plastisol among others, are available in the market, which has led to intense competition in the silicone sealants market. Further, relatively cheaper price of few alternatives has also led to the increased usage of them in smaller economic countries. This restricts the usage of silicone sealants.
“The construction sector constitutes a majority of the market share for silicone sealants. Green and environment-friendly chemical trend is driving the market growth. Asia Pacific currently dominates the silicone sealants market owing to the large export-oriented manufacturing facilities and the increasing acceptance among consumers, with maximum contribution coming from China. This lead from China is expected to continue in the near future with added advantages of cheap raw material and lower labor cost.” – Khushboo Pandey, Research Analyst.
Key insights of the report
• The study is classified based on end-users as:
o Construction
o Automotive
o Industrial Application
o Others
• The study has a classification based on curing method
o Acetoxy
o Oxime
o Alkoxy
o Others
• Industry outlook: Market trends, drivers, restraints, and opportunities
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Table of Contents
1 Report Outline 12
1.1 Introduction 12
1.2 Report Scope 12
1.3 Market Definition 13
1.4 Research Methodology 13
1.4.1 Data Collation & In-House Estimation 13
1.4.2 Market Triangulation 14
1.4.3 Forecasting 14
1.5 Study Declarations 15
1.6 Report Assumptions 15
1.7 Stakeholders 15
2 Executive Summary 16
2.1 Asia Pacific Continues To Dominate The silicone sealant Market 16
2.2 Silicone sealants in Transportation is Increasing Its Lead With High Growth Coming From Developing Countries 16
3 Market Positioning 18
3.1 Total Addressable Market (TAM): sealants market 18
3.1.1 Market Overview 18
3.2 Segmented Addressable Market (SAM) 18
3.3 Related Markets 19
4 Market Outlook 20
4.1 Overview 20
4.2 Value Chain Analysis 20
4.3 PESTLE Analysis 21
4.4 Porter 5 (Five) Forces 23
4.5 Patent Analysis 24
5 Market Characteristics 26
5.1 Market Segmentation 26
5.2 Market Dynamics 26
5.2.1 Drivers 27
5.2.1.1 Increasing construction and manufacturing industry 27
5.2.1.2 Growing purchasing power and higher economic growth in Asia Pacific 27
5.2.2 Restraints 28
5.2.2.1 Low penetration in underdeveloped countries 28
5.2.2.2 Availability of cheaper alternatives affect the market growth in emerging economies 28
5.2.3 Opportunities 28
5.2.3.1 Technological developments in the products and application industries 28
5.2.3.2 Large untapped market in developing and underdeveloped countries 28
5.2.4 DRO – Impact Analysis 29
6 Curing Method: Market Size And Analysis 30
6.1 Overview 30
6.2 Acetoxy silicone sealants 32
6.3 Oxime silicone sealants 34
6.4 Alkoxy silicone sealants 36
6.5 Vendor Profiles 38
6.5.1 Henkel AG & Company. 38
6.5.2 BASF SE 45
6.5.3 3M Company 51
6.5.4 Momentive Performance Materials Inc. 56
6.5.5 Wacker Chemie AG 61
(Overview, business unit, geographic revenue, product profile, recent developments, business focus, SWOT analysis and business strategies have been covered for all vendors)
….Continued
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