The silicone sealants market size was valued at USD 4128. 82 million in 2021, growing at a CAGR of 5.

SILICONE SEALANTS MARKET OVERVIEW

The market is majorly driven by the surge in demand for electronics and stabilizing the construction and automotive market. Silicone polymers, including sealants, are finding applications in almost every delicate aspect of life. Be it used as an active pharmaceutical ingredient, medical device applications, or drug delivery systems. Silicone sealants offer greater protection for electronic applications to ensure longevity and better dissipation of heat to reduce damage and increase efficiency. The global silicone sealants market is consolidated. The top 6 suppliers hold an 80% market share in the silicone industry, while most of those vendors manufacture and supply silicone sealants.

The following factors are likely to contribute to the growth of the silicone sealants market -

• Use of Silicone in Electronic and Electrical Applications
• Increasing Demand for Automotive Applications
• Increasing Usage in Medical and Healthcare Applications
• Silicone in Newer Applications
• Rising Demand From the APAC
• Ease of Property Modification

SILICONE SEALANTS MARKET SEGMENTS

The silicone sealants market research report has the following segmentation-

• Sealant composition
• Application

SILICONE SEALANTS MARKET SEGMENTATION
• RTV silicone sealants are majorly used by the building and construction industry. RTV or the room temperature vulcanizing silicone sealants are widely employed by the construction industry for applications like sealing highway expansion joints and buildings, general weatherproofing of joints in non-porous and porous substrates, etc. These silicone sealants applications are due to their excellent inherent characteristics like excellent low-temperature flexibility, resistance to weather ability, UV radiation, etc.

Market Segmentation by Sealant Composition

• RTV
• Heat Cured
• Radiation Cured
• Pressure Sensitive

Market Segmentation by Application

• Building & Construction
• Automotive & Aerospace
• Marine
• Electrical & Electronics
• Others