Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.52 Billion | USD 5.89 Billion | 5.1% | 2021 |
FrequentlyAsked Questions
The residential building sector is being driven by population growth and urbanization in emerging nations such as India, China, Indonesia, Brazil, Vietnam, and Mexico. In these nations, there is a mounting want for lasting housing, which is fueling the requirement for silicone adhesives and sealants. Silicone sealants and adhesives are used in a variety of building applications, including carpet, wallpapers, tiling, and external insulation systems. Insulated glass modules and curtain wall panels are also held in place with adhesives and sealants.
According to the Zion Market Research report, the global silicone adhesives and sealants market was worth about 4.52 (USD billion) in 2021 and is predicted to grow to around 5.89 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 5.1 percent.
Asia Pacific led the global silicone adhesives and sealants market. The region holds over 45 percent share and is expected to keep its dominance during the forecast period. Due to expanding domestic demand, escalating income levels, and easy access to resources, Asia Pacific has emerged as one of the top manufacturers and consumers of adhesives and sealants. One of the largest users of adhesives and sealants in this region is the automobile and transportation industries. The Asia Pacific region's economic growth, especially in emerging markets like India, Malaysia, Taiwan, Thailand, Indonesia, and Vietnam
Major players operating in the global silicone adhesives and sealants market include 3M, ALSTONE, Henkel Corporation, Mc Coy Soudal, Momentive, Dow Corning Corporation, Aerol Formulations Private Limited, MASTERBOND, Sika AG, AVERY DENNISON, ACC Silicones Ltd., Wacker Chemie AG, Novagard Solutions, American Sealants, Inc., and Nitto Denko Corporation.
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