At 5.1% CAGR, Global Silicone Adhesives and Sealants Market Size & Share to Surpass USD 5.89 Billion by 2028 | Industry Trends, Growth, Value, Opportunities, Statistics, Analysis & Forecast Report by Zion Market Research
NEW YORK, June 11, 2022 /PRNewswire/ -- As per the Zion Market Research study, The global silicone adhesives and sealants market attained a revenue growth of USD 4.52 billion in 2021 and is projected to expand with a compound annual growth rate (CAGR) of approximately 5.1 percent over the forecast period to reach around USD 5.89 billion by 2028. The research examines in-depth parent market trends, macroeconomic factors & indicators, and controlling variables, as well as market attractiveness by segment. The qualitative influence of key market variables on market segments and regions is also mapped in the report.
Key Industry Insights & Findings of the Tissue Sealants and Tissue Adhesive Market Reports:
- As per the analysis shared by our research analyst, the Tissue Sealants and Tissue Adhesive Market is expected to grow annually at a CAGR of around 5.1 % (2022-2028).
- Through the primary research, it was established that the Cognitive and Memory Enhancer Drugs Market was valued at approximately USD 4.52 Billion in 2021 and is projected to reach roughly USD 5.89 Billion by 2028.
- The Asia Pacific 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.
- Asia Pacific region's economic growth, especially in emerging markets like India, Malaysia, Taiwan, Thailand, Indonesia, and Vietnam, is contributing to a rise in the number of infrastructure investments, which is anticipated to boost the demand for silicone adhesives and sealants in the building and construction industry.
- North America has also emerged as a major revenue contributor in the global market with a market share of 35 percent.
Zion Market Research published the latest report titled "Silicone Adhesives And Sealants Market By Type (One-Component And Two-Component), By End-User Industry (Transportation, Building & Construction, Electrical & Electronics, Healthcare, Packaging, And Other End-User Industries), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028" into their research database.
Tissue Sealants and Tissue Adhesive Market: Overview
Silicone adhesives and sealants are adhesives with silicon and oxygen atoms that are used to seal or attach substrates in an assembly. Its chemical makeup differs from that of other organic polymer-based adhesives. Other chemicals, moisture, and weathering are all resistant to silicone sealants. Silicone sealants are frequently used to join surfaces including plastic, metal, and glass. Silicone adhesives, which are based on electrometric technology, provide unrivaled flexibility and exceptional heat resistance, making them superlative for several applications in the electronic, electrical, aerospace, automotive, and construction sectors.
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Industry Dynamics:
Tissue Sealants and Tissue Adhesive Market: Growth Drivers
- Increased demand from the building and construction sector may boost market growth.
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.
Tissue Sealants and Tissue Adhesive Market: Restraints
- Stringent regulations on the use of adhesives and sealants may hamper the market growth.
The manufacture of chemical and crude oil-based goods is heavily regulated in North America and Europe by environmental legislation. The manufacture of solvent-based goods in these regions is regulated by organizations such as the Epoxy Resin Committee and the European Commission. Due to such regulations manufacturers in Europe and North America are suffering. Further, these environmental laws are forcing manufacturers to work on developing environmentally friendly adhesives which may also affect the market growth.
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Global Tissue Sealants and Tissue Adhesive Market: Opportunities
- Increasing demand for sustainable and eco-friendly adhesives is likely to offer better growth opportunities for market growth.
The United States Environmental Protection Agency, Registration, Evaluation, Authorization, and Restriction of Chemicals in Europe, Leadership in Energy and Environmental Design in the United States, and other regional regulatory bodies have forced manufacturers of adhesives and sealants to create sustainable and environmentally friendly products with no or low VOC levels. However, manufacturers have benefited greatly from the trend toward more environmentally friendly products. Henkel, a leading adhesives and sealants firm, provides solvent-free solutions including H4710, H4500, H4720, and H3151 that comply with environmental requirements. Sustainable and green adhesive solutions created from recycled, renewable, biodegradable, or remanufactured materials are becoming more popular as the demand for ecologically friendly or green buildings grows. All of these factors are projected to drive opportunities for the global silicone adhesives and sealants market in the coming period.
Global Tissue Sealants and Tissue Adhesive Market: Challenges
- A shift in standards and rules poses a major challenge to the market expansion.
In terms of norms and rules, the silicone adhesives and sealants sector is always changing. The Construction Products Regulation (CPR) imposed new regulations for the advertising of construction products in the EU, such as regulation (EU) No 305/2011. Manufacturers must carry an additional burden in terms of labeling and documentation, as well as additional external testing expenses, to verify conformity under the new standards. Additional material warnings concentrating on biocides and waste packaging are issued on a regular basis, causing regulatory requirements to shift. To market, their products, adhesives, and sealants producers must follow the norms and changing requirements. Manufacturers are facing hurdles as a result of this.
Global Tissue Sealants and Tissue Adhesive Market: Segmentation
- The global silicone adhesives and sealants market is bifurcated into type, end-use, and region.
Based on type, the market is categorized into one component and two-component. The end-user segment of the market is segregated into building & construction, transportation, healthcare, electrical & electronics, packaging, and others.
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List of Key Players in Tissue Sealants and Tissue Adhesive Market:
- 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.
- Nitto Denko Corporation.
Key questions answered in this report:
- What are the growth rate forecast and market size for Tissue Sealants and Tissue Adhesive Market?
- What are the key driving factors propelling the Tissue Sealants and Tissue Adhesive Market forward?
- What are the most important companies in the Tissue Sealants and Tissue Adhesive Market Industry?
- What segments does the Tissue Sealants and Tissue Adhesive Market cover?
- How can I receive a free copy of the Tissue Sealants and Tissue Adhesive Market sample report and company profiles?
Report Scope:
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Recent Developments:
- August 2021, Arkema has agreed to buy Ashland's Specialty Adhesives business, which is a first-class leader in high-performance adhesives for commercial applications in the US with a distinctive and creative product range. This idea fits in well with the company's goal of becoming a pure specialized adhesive materials company by 2024.
- February 2020, Henkel opened its new work site in Kurkumbh, Pune, India. The business unit, which has a total investment of almost USD 57 million, intends to meet the expanding need for high-performance sealants and adhesives surface treatment products in Indian industries. The new facility, which was designed as a smart factory, is capable of a wide variety of Industry 4.0 processes and fulfills the highest sustainability criteria.
- November 2020, Full-Care 5885 was created by H.B. Fuller to fulfill the expanding need for natural-based hygiene products in the industry. This adhesive provides excellent performance by providing high-performance 100 percent cotton bonding with reduced application costs.
Regional Dominance:
- The Asia Pacific to dominate the global market over the forecast period.
Geographically, 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. Asia Pacific region's economic growth, especially in emerging markets like India, Malaysia, Taiwan, Thailand, Indonesia, and Vietnam, is contributing to a rise in the number of infrastructure investments, which is anticipated to boost the demand for silicone adhesives and sealants in the building and construction industry. North America has also emerged as a major revenue contributor in the global market with a market share of 35 percent.
Global Tissue Sealants and Tissue Adhesive Market is segmented as follows:
Tissue Sealants and Tissue Adhesive Market: By Type Outlook (2022-2028)
- One-component
- Two-component
Tissue Sealants and Tissue Adhesive Market: By Application Outlook (2022-2028)
- Transportation
- Building and Construction
- Electrical and Electronics
- Healthcare
- Packaging
- Other
Tissue Sealants and Tissue Adhesive Market: By Region Outlook (2022-2028)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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