About Modified Silicone Sealants
Modified Silicone Sealants are organic sealants made of carbon-based polymers with a backbone of carbon-carbon bonds. Weather stability, thermal stability, oxidation and ozone resistance, and extreme low temperature flexibility are all characteristics of modified silicone sealants. When placed between substrates under severe circumstances, modified silicone sealants provide adequate flexibility and elongation. Modified silicone sealants can be used in a variety of industrial and residential settings. The growing demand of construction sealants because of rapid industrialisation and urbanisation has led to the growth of the modified silicone sealants. Although the ecological effects of modified silicone sealants a major concern which may hinder the future growth prospectus of the modified silicone sealants market. Asia Pacific is the major market of modified silicone sealants.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.0% |
Global surge in demand for construction sealants has driven companies to innovate and invest in research and development. This has led to the emergence of superior modified silicone sealants, offering better physical qualities. The rising growth due to automotive industry too has significantly risen the market of the modified silicone sealants. Asia Pacific market is expected to remain a major market of modified silicone sealants over the coming years. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Modified Silicone Sealants market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dow Silicones Corporation (United States), DuPont de Nemours, Inc. (United States), RPM International Inc. (United States), 3M Company (United States), Sika Group (Switzerland), Tremco Inc. (United States), Shin-Etsu Chemical Co., Ltd. (Japan), Arkema Group (France), Wacker Chemie AG (Germany) and Henkel AG & Co. KGaA (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Lee Manufacturing Services, LLC (United States), Hylomar Ltd. (United Kingdom) and Sekisui Fuller Co. Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Modified Silicone Sealants market by , Application (Construction, Automotive, Pharmaceutical, Electronics and Others) and Region.
On the basis of geography, the market of Modified Silicone Sealants 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). If we see Market by Technology, the sub-segment i.e. PSA will boost the Modified Silicone Sealants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering , the sub-segment i.e. One Component will boost the Modified Silicone Sealants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Two Component Segment is Expected to Account for a Significant Market Share
Market Growth Drivers:
Rapid Urbanisation and Industrialisation has Driven the Demand for Construction Sealants and Growth of Automotive Sector too has led to Higher Growth
Challenges:
Growing Consumer Awareness about Environment Damage in Developed Countries
Restraints:
Rising Stringent Regulations over Ecology and Sustainability
Opportunities:
Cosmetics as well as Food and Beverages Industry can Present Potential Growth Opportunities
Market Leaders and their expansionary development strategies
In 2021, Sika AG, a Swiss multination speciality chemicals company has announced acquisition of Crevo-Hengxin, which is a China based manufacturer of silicone sealants and adhesives provided to both industry and construction applications. The acquisition is expected to expedite the market growth of Sika in Asia Pacific region. With the completion of the acquisition Sika would also add additional capabilities and expertise drawn from Crevo Hengxin.
In 2020, Henkel AG & Co. KGaA, Germany based multinational chemicals and consumer goods company has announced acquisition of Momentive Performance Materials company’s Consumer Sealants division. Momentive Performance Materials is one of the market leaders in silicone-based and other specialty chemical products. The deal is expected to strengthen Henkel’s market standings in sealants, adhesives, and related products market, establishing it one of the leading suppliers of sealants to construction industry.
Key Target Audience
Modified Silicone Sealants Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.