Silicone Adhesives Market Size, Share & Trends Growth [2031]
Silicone Adhesives Market Size, Share & Trends Growth [2031]
Segments - Silicone Adhesives Market by Type (One-Component, Two-Component, and Others), Technology (Pressure Sensitive Adhesives and Non-Pressure Sensitive Adhesives), End-user (Construction, Furniture, Automotive, Electronics, Medical, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-4974
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| 210 Pages
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Report Description
The silicone adhesives market size was USD 2.97 Bn in 2022 and is likely to reach USD 3.70 Bn by 2031, expanding at a CAGR of 5.2% during 2023–2031. The market growth is attributed to the developments made in the growing silicone adhesives market regarding advanced manufacturing processes.
Silicone adhesive is a versatile and waterproof polymer with a primary ingredient called silica. Silicone refers to a group of polymers with a siloxane bond with organic compounds such as oxygen. Silicone is water & temperature resistant along with resistance to chemicals and atmospheric moisture.
These factors help in the versatile use of silicone adhesives in various industries as a safe method for surface adhering. Regardless of the type of surface such as metal or even skin, silicone adhesives form a strong and durable bond.
The report finds that the COVID-19 pandemic has moderately hampered the overall revenue of the global silicone adhesives market, due to a sharp decline in the manufacturing of silicone adhesives worldwide. The prolonged shutdown of factories across industries had plummeted the overall demand of the market, as a part of preventive measures imposed by governments across countries to curb the virus spread.
The sudden disruption in the supply chain especially the lack of timely supply of raw materials forced the silicone adhesive manufacturers to either delay their production or reschedule their existing projects.
Silicone Adhesives Market Dynamics
The global silicone adhesive market report has up-to-date insights that help formulate a strategic roadmap about the estimated market scenario and performance during 2023 to 2031.
What are the Drivers of the Silicone Adhesive Market?
Increased usage of silicone adhesives in many industries such as buildings & construction, furniture, automotive, electronics, and medical is expected to boost the market share during the forecast period. Silicone adhesives are made of raw materials that are non-reactive to the surfaces that it is applied. Silicone adhesives are estimated to be weather-resistant and non-conductor in electricity.
This makes silicone adhesives safe to use in particular industries such as electronics and buildings & construction. These factors are estimated to contribute to the growth of the silicone adhesives market.
What Restraints the Silicone Adhesives Market?
The growing consumer awareness of environmental safety is estimated to hamper the silicone adhesives market growth share. Some silicone adhesives are toxic and flammable in nature and thus have stringent conditions for their shipping and transportation. There is an estimated fluctuation in the prices of raw materials used in the manufacturing of silicone adhesives. These factors are estimated to be the reasons to hamper the growth of the silicone adhesives market.
What are the Opportunities in the Silicone Adhesives Market?
Urbanization and changing consumer behavior of the end-users and consumers are projected to create lucrative opportunities for the silicone adhesives market growth. The increasing application methods of silicone adhesives bring new medical techniques & advancements to the growing number of hospitals across the globe.
Scope of the Silicone Adhesives Market Report
The global silicone adhesives market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Silicone Adhesives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2020–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (One-Component, Two-Component, and Others), Technology (Pressure Sensitive Adhesives and Non-Pressure Sensitive Adhesives), and End-user (Construction, Furniture, Automotive, Electronics, Medical, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Dow; Wacker Chemie AG; Elkem ASA; MISUMI Corporation; 3M; Henkel AG & Co. KGaA; Momentive; H.B. Fuller Company; Sika AG; and Delo Industrial Adhesives LLC. |
Silicone Adhesives Market Segment Insights
What Are the Main Aspects of Boosting the One-Component Segment?
Based on type, the silicone adhesives market is divided into one-component, two-component, and others. The one-component segment is expected to expand at a significant growth rate during the projection period, as it is estimated to have strong adhesion and flexibility.
The one-component adhesives require no additional agents or additives, thus there is minimal use of raw materials with cost-effective application. The one-component segment is projected to have varied applications including metals, glass, plastic, and other surfaces.
What Key Factors Contribute to The Significant Expansion of Pressure Sensitive Adhesives Segment?
On the basis of technology, the global silicone adhesives market is bifurcated into pressure sensitive adhesives and non-pressure sensitive adhesives. The pressure sensitive adhesives segment is projected to register a considerable CAGR during the forecast period attributed to the safe application in power equipment. This factor is estimated to bring various applications in the pressure sensitive adhesives market, such as electronics, transportation, automotive, and others.
Which Major Factors influence the Substantial Growth of the Medical Segment?
On the basis of end-user, the silicone adhesives market is segmented into construction, furniture, automotive, electronics, medical, and others. The medical segment is expected to register a robust growth rate during the forecast period, attributed to the increased number of accidents, wound infections, and other medical emergency incidents. Some of the skin adhesives are projected to be used in surgical, outdoor medicals, first aid, and others.
Some silicone adhesives are commonly used in medical tapes and bandage adhesive that adheres to the skin and creates a secured seal to cure the infection and can be easily removed without leaving back a residue on the skin.
Why Is the Demand for Silicone Adhesives High in Asia Pacific?
In terms of region, the global silicone adhesives market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia-pacific is expected to dominate the market during the forecast period, attributed to the growing number of producers and the growth in demand for silicone adhesive by the end-users.
Industries such as medicine, automobile, and electronics in developing countries of Asia Pacific are estimated to have a significant demand for silicone adhesives. Thus, many key players are anticipated to implement their production units in the countries in Asia Pacific for growth in the silicone adhesives market revenue.
Segments
The global silicone adhesive market has been segmented on the basis of
Type
- One-Component
- Two-Component
- Others
Technology
- Pressure Sensitive Adhesives
- Non-Pressure Sensitive Adhesives
End-user
- Construction
- Furniture
- Automotive
- Electronics
- Medical
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Dow
- Wacker Chemie AG
- Elkem ASA
- MISUMI Corporation
- 3M
- Henkel AG & Co. KGaA
- Momentive
- H.B. Fuller Company
- Sika AG
- Delo Industrial Adhesives LLC
Competitive Landscape
Key players competing in the market are Dow; Wacker Chemie AG; Elkem ASA; MISUMI Corporation; 3M; Henkel AG & Co. KGaA; Momentive; H.B. Fuller Company; Sika AG; and Delo Industrial Adhesives LLC.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
- In October, 2022-Elkem ASA introduced new technology for medical silicones named Silibione Biomedical Adhesives used for efficient long-term application for a longer duration of time on the body.
- In June, 2019-Dow announced its DOWSIL EA-4700 CV adhesive, a silicone adhesive solution for applications such as electronic control unit assembling, and gasket & connector sealing that is capable of curing at faster speeds.
Frequently Asked Questions
The silicone adhesives key market players are Dow; Wacker Chemie AG; Elkem ASA; MISUMI Corporation; 3M; Henkel AG & Co. KGaA; Momentive; H.B. Fuller Company; Sika AG; and Delo Industrial Adhesives LLC.
For regional analysis, Asia Pacific is projected to dominate the market during the forecast period.
The silicone adhesives market is driven by the non-reactive nature of silicone adhesives when they are applied to any surface.
The global silicone adhesives market size was USD 2.97 Bn in 2022 and is likely to reach USD 3.70 Bn by 2031, expanding at a CAGR of 5.2 % during 2023–2031.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Silicone Adhesives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Silicone Adhesives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Silicone Adhesives Market - Supply Chain
4.5. Global Silicone Adhesives Market Forecast
4.5.1. Silicone Adhesives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Silicone Adhesives Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Silicone Adhesives Market Absolute $ Opportunity
5. Global Silicone Adhesives Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Silicone Adhesives Market Size and Volume Forecast by Types
5.3.1. One-Component
5.3.2. Two-Component
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Silicone Adhesives Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Silicone Adhesives Market Size and Volume Forecast by End Users
6.3.1. Construction
6.3.2. Furniture
6.3.3. Automotive
6.3.4. Electronics
6.3.5. Medical
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Silicone Adhesives Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Silicone Adhesives Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Silicone Adhesives Demand Share Forecast, 2019-2026
8. North America Silicone Adhesives Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Silicone Adhesives Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Silicone Adhesives Market Size and Volume Forecast by Types
8.4.1. One-Component
8.4.2. Two-Component
8.4.3. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Silicone Adhesives Market Size and Volume Forecast by End Users
8.7.1. Construction
8.7.2. Furniture
8.7.3. Automotive
8.7.4. Electronics
8.7.5. Medical
8.7.6. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Silicone Adhesives Demand Share Forecast, 2019-2026
9. Latin America Silicone Adhesives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Silicone Adhesives Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Silicone Adhesives Market Size and Volume Forecast by Types
9.4.1. One-Component
9.4.2. Two-Component
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Silicone Adhesives Market Size and Volume Forecast by End Users
9.7.1. Construction
9.7.2. Furniture
9.7.3. Automotive
9.7.4. Electronics
9.7.5. Medical
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Silicone Adhesives Demand Share Forecast, 2019-2026
10. Europe Silicone Adhesives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Silicone Adhesives Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Silicone Adhesives Market Size and Volume Forecast by Types
10.4.1. One-Component
10.4.2. Two-Component
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Silicone Adhesives Market Size and Volume Forecast by End Users
10.7.1. Construction
10.7.2. Furniture
10.7.3. Automotive
10.7.4. Electronics
10.7.5. Medical
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Silicone Adhesives Demand Share Forecast, 2019-2026
11. Asia Pacific Silicone Adhesives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Silicone Adhesives Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Silicone Adhesives Market Size and Volume Forecast by Types
11.4.1. One-Component
11.4.2. Two-Component
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Silicone Adhesives Market Size and Volume Forecast by End Users
11.7.1. Construction
11.7.2. Furniture
11.7.3. Automotive
11.7.4. Electronics
11.7.5. Medical
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Silicone Adhesives Demand Share Forecast, 2019-2026
12. Middle East & Africa Silicone Adhesives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Silicone Adhesives Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Silicone Adhesives Market Size and Volume Forecast by Types
12.4.1. One-Component
12.4.2. Two-Component
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Silicone Adhesives Market Size and Volume Forecast by End Users
12.7.1. Construction
12.7.2. Furniture
12.7.3. Automotive
12.7.4. Electronics
12.7.5. Medical
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Silicone Adhesives Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Silicone Adhesives Market: Market Share Analysis
13.2. Silicone Adhesives Distributors and Customers
13.3. Silicone Adhesives Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Dow
13.4.2. Wacker Chemie AG
13.4.3. Elkem ASA
13.4.4. MISUMI Corporation
13.4.5. 3M
13.4.6. Henkel AG & Co. KGaA
13.4.7. Momentive
13.4.8. H.B. Fuller Company
13.4.9. Sika AG
13.4.10. Delo Industrial Adhesives LLC
Methodology
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