Silicone Adhesives Market Size, Growth, Growth, Segments, Trends, Growth Analysis, Forecast 2030

 

Market Scope 

Market Research Future (MRFR) studied the global silicone adhesives market 2021 for the study period till 2023. As per MRFR data, the global silicone adhesive market is expected to surge at high CAGR and earn substantial turnover by 2023.

Overview:

 The global report on the Silicone Adhesives Market reveals the possibility of substantial growth in the forecast period covering 2018 to 2023. Market Research Future (MRFR) predicts that its flexibility, thermal resistance, and waterproofing quality would create a huge demand for it in various end user industries like automotive, medical, construction, and electrical & electronics. This growth would be further boosted by the changing economic scenario in developing countries like China, South Korea, and India, where the end user industries are getting support from various government and private initiatives, which would increase the market reach of the product. 

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Market Segmentation

 

The segment assessment of the global silicone adhesives market is based on application, type, and technology.

 

The type-based segments of the global market of silicon adhesive market are two-component segments and one-component. The one-component segment is expected to garner high revenue in the near future due to surge in the demand for one-component silicone adhesive for heavy end-use, such as; transportation, buildings & construction, and medical among other sectors.

 

The technology-based segments of the silicon adhesive market are non-pressure sensitive adhesives and pressure sensitive adhesives. The segment of pressure sensitive adhesives of the market is likely to expand at high pace in the years to come. The increasing consumption of pressure sensitive adhesives can be attributed to its growing consumption in sought-after commodities, such as; gaskets, tapes, and labels among others. These rise in cognizance about benefits of pressure sensitive silicone adhesives, such as; flexibility and mechanical strength to products can improve its sales, which, in turn, can support expansion of the market in the review period.

 

The application-based segments of the silicon adhesive market are medical, buildings & construction, transportation, and electrical & electronics among others. The medical sector segment is expected to leading the application segment with a high CAGR in the analysis period. The extensive utility of adhesives owing to its properties, such as; better UV stability, impart high temperature resistance, and weather-proof among other features can favor the market in the years ahead.

 

Competitive Landscape:

 

The global silicone adhesives market report includes several market players like Wacker Chemie AG (Germany), 3M (U.S.), Dow Corning Corporation (U.S.), Shin-Etsu Chemical Co., Ltd (Japan), Momentive (U.S.), AVERY DENNISON CORPORATION (U.S),H.B. Fuller (U.S.), Sika AG (Switzerland), Henkel AG & Co. KGaA (Germany), and Delo Industrial Adhesives LLC ( U.S.) These companies are launching their business plans that encompass several procedures like mergers, acquisitions, various investments in lifting the research and development sector, innovations, innovative marketing strategies, expansion plans in different regions, and others to ensure their momentum remains the same during the forecast period. This would also boost market prospects. MRFR’s profiling has a detailed take on the latest proceedings of these companies to understand how good the market is expected to fare in the coming days. 

 Regional Analysis: 

Asia Pacific would be the leading region in the silicone adhesive market. This is primarily due to the increasing construction works across several emerging nations, changing healthcare scenarios that are accommodating several silicone adhesive associated products, booming electrical & electronic industry, and the robust automotive sector. These industries in countries like South Korea, China, Japan, and India are getting ample backing due to financial reformations.

 

In North America and Europe, this growth would be backed by substantial investment in sectors like healthcare, medical, construction, automotive, and others. The automotive sector in both these regions is quite robust and ensures a huge intake. Recent construction-related activities can also create massive scope for the market to register expansion. 

 

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Industry News:

 

In March 2020, Theos Medical System announced that they are launching a new type of baby bump speaker that the mother can place on the bump and she can share music or sounds and can even talk with her baby. This new type of speaker would work well with any kind of advanced headphone. These would be called Pixie Tunes. The patch would use silicone adhesives and it would not leave any scar on the bump or on the clothing of the mother. This will help in keeping the baby healthy as many physicians feel that it is necessary to provide the baby with a supportive ambiance to ensure proper growth.

 

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 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 

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