Silicone Seal Market Scope
The growing construction industry worldwide will help to boost global Silicone Seal market in the forecasted period. A silicone seal is a liquid form of adhesive. It has a different chemical make-up from other organic polymer-based adhesives. Unlike other adhesives, silicone keeps its elasticity and stability in both high and low temperatures. Furthermore, silicone sealant is resistant to other chemicals, moisture, and weathering. It is mainly used in the production of connector seals, turbocharger hoses, silicone wiper blades, gaskets, spark plug boots, and ignition cables.
According to AMA, the Global Silicone Seal market is expected to see growth rate of 4.7%
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Silicone Seal market throughout the predicted period.
BASF (Germany), DuPont (United States), Henkel (Germany), Dow Corning (United States), RPM International (United States), 3M Company (United States), H.B. Fuller (United States), Shin-Etsu Silicones (United States), Bostik (United States) and Wacker Group (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Sika Group (Switzerland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Silicone Seal market by Type (Elastomeric silicone rubber, Free flowing, Cure in place gasketing and Lubricating greases), by Application (Automotive, Construction, Aerospace and Defense, Packaging, Cosmetics and Other) and Region with country level break-up.
On the basis of geography, the market of Silicone Seal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 27th June 2019, DuPont Transportation & Industrial has announced the resounding success of its close collaboration with ExxonMobil Chemical’s specialty elastomers business to develop new Santoprene™ thermoplastic vulcanizates (TPVs) for automotive corner mold seals
Market Trend
- High Adoption in Automotive Industry
- High Demand for The Physical and Chemical Characteristics of The Product in Various Applications
Market Drivers
- Increasing Demand From Construction Industry
- Growing Demand from Packaging Industry
Opportunities
- Huge Demand from Emerging Markets
- Potential Growth in Developing Countries
Restraints
- Rising Consumer Awareness For Environment Safety
Challenges
- Government Stringent Regulation Policies
Key Target Audience
Silicone Seal Manufactures, Silicone Seal Distributors, Silicone Seal Suppliers, Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others