Silicone Sealants Industry

The global silicone sealants market size is expected to reach USD 6.07 billion in 2030 and is expected to grow at a CAGR of 6.1% from 2024 to 2030. The increasing construction activities across the globe, along with the growing demand for insulated glass due to rising concerns over energy consumption, are anticipated to drive market growth.

The construction industry was the major end-user of silicone sealants in 2018 and this trend is expected to continue over the forecast period. The various benefits of the product such as the ability to withstand high & low temperatures, insulation, durability, aesthetic finish, water and chemical resistance, etc., increase their preference over other adhesives & sealants. Growing infrastructural developments across the world, especially in developing economies are anticipated to drive market growth.

The market is segmented based on four technologies, out of which room temperature vulcanizing (RTV) held the largest share in 2022. RTV silicone sealants are extensively used in a wide range of applications and are gaining popularity in electronics. For instance, their usage in the assembly process of the automotive industry helps in removing the need for pre-cut fixed gaskets, reduces the use of screws, protects against vibrations, and prevents water penetration.

Furthermore, automotive applications are expected to witness sluggish growth owing to the growing use of adhesives. However, the penetration of pressure-sensitive sealants in the automotive industry is expected to grow substantially on account of the less pressure required to bind to the substrate and their improved adhesion properties. Industrial application is expected to witness steady growth owing to initiatives undertaken by the governments of emerging economies to promote manufacturing in the countries. The use of silicone sealants is expected to grow in other applications such as cosmetics, home appliances, electronic devices, and others over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Silicone Sealants market

Silicone Sealants Market Segments Highlights:

• Room temperature vulcanizing (RTV) dominated the market and accounted for the largest revenue share of 65.0% in 2023.
• The construction applications led the market and accounted for the largest revenue share of 60.4% in 2023.
• Insulating glass is expected to grow significantly over the forecast period driven by the increasing demand for energy-efficient buildings, which has led to a rise in the use of insulating glass.
• Thermoset or heat-cured silicone sealants are expected to grow at a CAGR of 6.6% over the forecast period.
• Asia Pacific silicone sealants market dominated the global market and accounted for the largest revenue share of 50.7% in 2023.

Silicone Sealants Market Report Segmentation

Grand View Research has segmented the global silicone sealants market report based on technology, application, and region:

Silicone Sealants Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Room Temperature Vulcanizing (RTV)
• Thermoset or Heat Cured
• Radiation Cured
• Pressure Sensitive

Silicone Sealants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Construction
• Insulating Glass
• Automotive
• Industrial
• Others

Silicone Sealants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa (MEA)
  • South Africa

Key Silicone Sealants Company Insights

• Dow
• Shin-Etsu Chemical Company
• Wacker Chemie AG
• 3M
• Tremco Incorporated
• Bostik
• Sika AG
• Henkel Corporation
• Huntsman International LLC
• B. Fuller
• Mapei

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