The report "Silicone Adhesives Market by Type (One-Component, Two-Component), Technology (PSA, Non-PSA) End-Use Industry (Building & Construction, Transportation, Medical, Electrical & Electronics), and Region - Global Forecast to 2022", The silicone adhesives market size is estimated at USD 2.18 Billion in 2017 and is projected to reach USD 2.95 Billion by 2022, at a CAGR of 6.24% between 2017 and 2022. Asia Pacific accounts for the major share of 50.3%, in terms of value, of the overall silicone adhesives market. The Asia Pacific silicone adhesives market is driven by the presence of a wide range of end-use industries, such as building & construction, transportation, medical, etc. High temperature resistance, excellent UV stability, durability, and excellent gap filling capabilities of silicone adhesives are the major factors driving the silicone adhesives market.
Browse 73 market data Tables and 41 Figures spread through 119 Pages and in-depth TOC on "Silicone Adhesives Market by Type (One-Component, Two-Component), Technology (PSA, Non-PSA) End-Use Industry (Building & Construction, Transportation, Medical, Electrical & Electronics), and Region - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
Medical: The largest end-use industry of the silicone adhesives market
Silicone adhesives are used in various end-use industries, such as building & construction, transportation, medical, electrical & electronics, and others (industrial assembly, maintenance, consumer products). The medical industry is estimated to register the highest CAGR of 7.15%, between 2017 and 2022, in terms of value, followed by the electrical & electronics industry. In 2016, the building & construction end-use industry accounted for the largest market share, in terms of both volume and value.
One-component is the largest segment of silicone adhesives market
One-component silicone adhesives are of a variety of one part, no mix RTV silicones. These materials crosslink by reacting with the ambient moisture which is absorbed on the surface at a room temperature. These adhesives cure rapidly at room temperature, generally forming a skin within minutes while becoming tack-free within a few minutes to hours and getting fully cured within 24 hours. Being a one-component system, it becomes difficult to obtain a quick full cure adhesion from top to down as air has to be passed to get it cured.
Rising demand from Asia Pacific: The major driver for the silicone adhesives market
Asia Pacific is the largest silicone adhesives market, in terms of both value and volume, and is projected to be the fastest-growing silicone adhesives market during the forecast period. The high demand in Asia Pacific is the major driver of the silicone adhesives market. China is projected to be the largest silicone adhesives market in Asia Pacific whereas India is projected to be the fastest-growing market. Other emerging economies such as Indonesia and Thailand are also projected to register a high growth in this market.
Key companies profiled in this report are 3M Company (US), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (US), Henkel AG & Company (Germany), Avery Dennison Corporation (US), and Dow Corning Corporation (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441