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Silicone Sealants Market Size

The silicone sealants market is projected to experience significant growth, driven by their extensive use across various industries such as construction, automotive, electronics, and healthcare. The market's expansion is largely attributed to the increasing demand in the construction sector, particularly in the Asia-Pacific region, which leads in consumption due to its robust building and construction activities. Additionally, the automotive industry's shift towards electric vehicles is expected to further boost the market. Despite a temporary decline in demand due to the COVID-19 pandemic, the market is poised for recovery and growth, supported by rising investments and production activities globally.

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Market Size of silicone sealants Industry

Silicone Sealants Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 5.21 Billion
svg icon Market Size (2028) USD 6.57 Billion
svg icon Largest Share by End User Industry Building and Construction
svg icon CAGR (2024 - 2028) 5.97 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Silicone Sealants Market Analysis

The Silicone Sealants Market size is estimated at 5.21 billion USD in 2024, and is expected to reach 6.57 billion USD by 2028, growing at a CAGR of 5.97% during the forecast period (2024-2028).

5.21 Billion

Market Size in 2024 (USD)

6.57 Billion

Market Size in 2028 (USD)

5.40 %

CAGR (2017-2023)

5.97 %

CAGR (2024-2028)

Largest Market by End-user Industry

54.60 %

value share, Building and Construction, 2023

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Building and construction is the dominant end-user industry for the global silicone sealants market owing to its wide range of structural applications, including joint sealing, windows, doors, and facade.

Fastest Growing Market by End-user Industry

6.45 %

Projected CAGR, Building and Construction, 2024-2028

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Building and construction is expected to be the fastest-growing segment in the market due to the increasing number of residential and commercial complexes in developing economies.

Largest Market by Region

41.64 %

value share, Asia-Pacific, 2023

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Asia-Pacific, driven mainly by India, China, South Korea, and Japan, is a major silicone sealant consumer owing to the usage of sealants in various end-user industries, including construction, medical, automotive, and aerospace.

Fastest Growing Market by Region

6.24 %

Projected CAGR, Europe, 2024-2028

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Due to the increasing population and rapid urbanization in countries such as China, India, South Korea, and Japan, the Asia-Pacific region is projected to be the fastest-growing region in the market during the forecast period.

Leading Market Player

9.77 %

market share, Sika AG, 2021

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Sika AG has been witnessing increasing volume sales globally due to the popularity of its products mostly in the building and construction industry.

Emerging construction and automotive end-use sector expected to boost the consumption of silicone sealants, globally

  • Silicone sealants are the most used type because of their unique properties, such as curing between temperatures of 40 degrees F to 140 degrees F, with drying only, good adhesion to porous surfaces, etc.
  • Silicone sealants are widely used in the construction industry because of their applications, such as waterproofing, weather sealing, and crack sealing. The global construction industry is expected to grow at 3.5% per annum up to 2030. China, India, the United States, and Indonesia are expected to account for about 58% of global construction.
  • Silicone sealants are widely used in the automotive industry because they apply to glass, metal, plastic, and painted surfaces. Their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. They are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to record a 17.75% CAGR during the forecast period because of the increase in demand for the same in growing economies. This is expected to boost demand for automotive silicone sealants in the forecast period.
  • Silicone sealants are widely used in electronics and electrical equipment manufacturing. They are used for sealing sensors and cables. The electronics and household appliances industries are expected to grow at a CAGR of 2.51% and 5.77%, respectively, globally, which may drive the demand for silicone sealants during the forecast period.
  • Silicone resin-based sealants are used in the healthcare industry for assembling and sealing medical device parts. The increase in healthcare investments worldwide is expected to lead to a rise in demand during the forecast period.
Global Silicone Sealants Market

Inflating demand from China's construction sector and Europe's automotive industry likely to drive the global sales of silicone sealants

  • Silicone sealants are consumed across the globe due to their strong sealing properties. These sealants are used in more than ten industries, including building and construction, automotive, and electronics. Silicone sealants are consumed mainly in the building and construction industry. The new floor area, including residential and non-residential buildings, was expected to reach 41.7 billion square footage in 2022, 6.15% more than in 2021. As a result, the consumption of silicone sealants witnessed a growth of 8.33% in 2022 compared to 2021.
  • The demand for silicone sealants fell by 9.09% in 2020 compared to 2019 due to the COVID-19 pandemic's impact on many countries worldwide, including the United States, Germany, China, and Saudi Arabia. Production facilities were shut down during the period owing to lockdowns in many countries, which resulted in an irregular supply of raw materials for production.
  • Asia-Pacific accounts for the highest silicone sealants consumption due to the rising building and construction and automotive industries. 糖心vlog传媒 45% of the total construction investment in the world was set to come from this region in 2022. China is the world's largest construction industry, and it is expected to record a CAGR of 8.6% during the period 2022-2030. In Japan, the number of housing construction starts in 2021 were 856.48 thousand units, 4.8% more than in 2020. Such growth in the Asia-Pacific construction industry is expected to drive demand for silicone sealants over the forecast period.
  • Silicone sealants are also widely consumed in Europe. Automotive production is expected to reach 19.2 million units by 2027 from 16.3 million units in 2021. These developments are expected to boost the demand for silicone sealants over the forecast period.

Silicone Sealants Industry Segmentation

Aerospace, Automotive, Building and Construction, Healthcare are covered as segments by End User Industry. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.

  • Silicone sealants are the most used type because of their unique properties, such as curing between temperatures of 40 degrees F to 140 degrees F, with drying only, good adhesion to porous surfaces, etc.
  • Silicone sealants are widely used in the construction industry because of their applications, such as waterproofing, weather sealing, and crack sealing. The global construction industry is expected to grow at 3.5% per annum up to 2030. China, India, the United States, and Indonesia are expected to account for about 58% of global construction.
  • Silicone sealants are widely used in the automotive industry because they apply to glass, metal, plastic, and painted surfaces. Their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. They are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to record a 17.75% CAGR during the forecast period because of the increase in demand for the same in growing economies. This is expected to boost demand for automotive silicone sealants in the forecast period.
  • Silicone sealants are widely used in electronics and electrical equipment manufacturing. They are used for sealing sensors and cables. The electronics and household appliances industries are expected to grow at a CAGR of 2.51% and 5.77%, respectively, globally, which may drive the demand for silicone sealants during the forecast period.
  • Silicone resin-based sealants are used in the healthcare industry for assembling and sealing medical device parts. The increase in healthcare investments worldwide is expected to lead to a rise in demand during the forecast period.
End User Industry
Aerospace
Automotive
Building and Construction
Healthcare
Other End-user Industries
Region
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Singapore
South Korea
Thailand
Rest of Asia-Pacific
Europe
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
North America
Canada
Mexico
United States
Rest of North America
South America
Argentina
Brazil
Rest of South America
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Silicone Sealants Market Size Summary

The silicone sealants market is poised for significant growth, driven by their extensive application across various industries such as construction, automotive, electronics, and healthcare. These sealants are favored for their unique properties, including temperature resistance and strong adhesion to porous surfaces, making them ideal for waterproofing, weather sealing, and crack sealing in the construction sector. The automotive industry also benefits from silicone sealants due to their durability and resistance to extreme weather conditions, with increasing demand in electric vehicles further boosting market growth. Additionally, the electronics and healthcare sectors contribute to the demand for silicone sealants, as they are essential for sealing sensors, cables, and medical device components.

Regionally, the Asia-Pacific area leads in silicone sealant consumption, supported by robust construction and automotive activities, particularly in China, India, and Japan. The region's dominance is expected to continue due to urbanization and infrastructural investments. In Europe, the automotive sector's recovery and the construction industry's gradual growth post-pandemic are anticipated to drive demand. Despite challenges such as supply chain disruptions and raw material price hikes due to the COVID-19 pandemic, the market is recovering, with strategic initiatives in Europe, North America, and Asia-Pacific aimed at economic recovery through construction. The market remains fragmented, with key players like Chengdu Guibao Science and Technology Co., Ltd., Dow, Henkel AG & Co. KGaA, Sika AG, and Soudal Holding N.V. playing significant roles in shaping its future.

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Silicone Sealants Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Healthcare

      5. 1.1.5 Other End-user Industries

    2. 1.2 Region

      1. 1.2.1 Asia-Pacific

        1. 1.2.1.1 Australia

        2. 1.2.1.2 China

        3. 1.2.1.3 India

        4. 1.2.1.4 Indonesia

        5. 1.2.1.5 Japan

        6. 1.2.1.6 Malaysia

        7. 1.2.1.7 Singapore

        8. 1.2.1.8 South Korea

        9. 1.2.1.9 Thailand

        10. 1.2.1.10 Rest of Asia-Pacific

      2. 1.2.2 Europe

        1. 1.2.2.1 France

        2. 1.2.2.2 Germany

        3. 1.2.2.3 Italy

        4. 1.2.2.4 Russia

        5. 1.2.2.5 Spain

        6. 1.2.2.6 United Kingdom

        7. 1.2.2.7 Rest of Europe

      3. 1.2.3 Middle East & Africa

        1. 1.2.3.1 Saudi Arabia

        2. 1.2.3.2 South Africa

        3. 1.2.3.3 Rest of Middle East & Africa

      4. 1.2.4 North America

        1. 1.2.4.1 Canada

        2. 1.2.4.2 Mexico

        3. 1.2.4.3 United States

        4. 1.2.4.4 Rest of North America

      5. 1.2.5 South America

        1. 1.2.5.1 Argentina

        2. 1.2.5.2 Brazil

        3. 1.2.5.3 Rest of South America

Silicone Sealants Market Size FAQs

The Global Silicone Sealants Market size is expected to reach USD 5.21 billion in 2024 and grow at a CAGR of 5.97% to reach USD 6.57 billion by 2028.

In 2024, the Global Silicone Sealants Market size is expected to reach USD 5.21 billion.

Silicone Sealants Market Report Snapshots

Silicone Sealants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028

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