The global silicone sealants market was estimated at USD 3.84 billion in 2022 and it is expected to surpass around USD 6.91 billion by 2032, poised to grow at a CAGR of 6.05% from 2023 to 2032. The silicone sealants market in the United States was accounted for USD 496.7 million in 2022.
Key Pointers
Report Scope of the Silicone Sealants Market
| Report Coverage | Details |
| Revenue Share of Asia Pacific in 2022 | 50.08% |
| Revenue Forecast by 2032 | USD 6.91 billion |
| Growth rate from 2023 to 2032 | CAGR of 6.05% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | Dow; Shin-Etsu Chemical Company; Wacker Chemie AG; Tremco Incorporated; The 3M Company; Bostik; Sika AG; Henkel Corporation; Huntsman International LLC; H.B. Fuller; Mapei |
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.
Technology Insights
Room temperature vulcanizing (RTV) dominated the market with a revenue share of more than 65.03% in 2022. This is attributed to the increasing penetration of acetoxy, alkoxy, and oxime silicone sealants in structural applications in the building & construction, and automotive industries.
Thermoset silicone sealants are cross-linked polymeric resins that are cured with the help of high temperatures. Their ability to withstand high temperatures makes them applicable in machinery and assembly applications in various industries including aerospace and automotive.
Radiation-cured sealants are cured using UV light or an electron beam. The utilization of UV light or electron beam technology for curing improves the quality of products and reduces manufacturing costs. Also, these sealants offer high cure speed at low temperatures. Such characteristics are anticipated to boost segment growth over the forecast period.
Application Insights
Construction application dominated the market with a revenue share of over 60.04% in 2022. This is attributed to the rising utilization of the product in the construction sector for various purposes such as bathroom & kitchen fittings, floor gap sealing, fire rated joints around pipes, electrical conduits, ducts, and electrical wiring within building walls and ceilings.
The growing use of the product in the construction industry is propelling major manufacturers to increase their production capacity. For example, in April 2019, Wacker Chemie AG announced opening a new production site for silicones in South Korea, where silicone sealants for the construction industry and specialty silicone elastomers for electronic applications will be produced in different facilities.
The product is applied as a secondary seal in insulating glass. The demand for insulating glass is increasing due to factors such as energy efficiency, acoustic insulation, and growth in economic conditions of developing countries. This is anticipated to boost the consumption of silicone sealants in the application segment.
Regional Insights
Asia Pacific region dominated the market with a revenue share of more than 50.08% in 2022. This is attributed to the fact that the region is likely to witness substantial growth in thermosets as well as RTV technologies within the sealants market on account of their increased penetration in the construction industry. The growing construction industry in the region coupled with the ability of RTV to seal joints in structures across various substrates while preventing the locking of construction components is anticipated to aid market growth. In addition, these sealants facilitate easy maintenance and lower the costs in the long run, while improving the stability and durability of the buildings, thus resulting in driving the market growth
The end-user industries in India such as automotive, construction, electronics, and consumer goods are expected to witness high growth in the coming years. The Indian government is undertaking efforts to develop the country’s manufacturing sector, encouraging domestic production along with the existing infrastructure to support the expanding retail sector. These factors are anticipated to fuel the demand for silicone sealants in various end-user industries over the forecast period.
The consequent use of silicone sealants in buildings as an attempt to seal openings within fire-resistance rated wall and floor assemblies and prevent the spread of flames and smoke from one room to another is also expected to boost product consumption. The application of silicone sealants in various cosmetic products and food grade sealants in food packaging in the region is also expected to aid market growth over the projected period.
Silicone sealants market in the U.S. is expected to witness a substantial growth over the forecast period owing applications in insulating glass. The utilization of silicone sealants as the second layer for insulation is expected to propel their demand in the country. The growth of electronics and consumer goods industries is expected to fuel the demand for food grade and other silicone sealants in the U.S. Rising consumer awareness about fire safety is expected to propel the demand for silicone sealants in construction applications.
Silicone Sealants Market Segmentations:
By Technology
By Application
By Regional
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers