Silicone Adhesives Market By Type (One Component & Two Component), By Technology (Pressure Sensitive Adhesives (PSA) & Non Pressure Sensitive Adhesives (Non-PSA)), By End-use Industry (Medical & Healthcare (Pharmaceuticals & Medical Devices), Consumer Electronics (Computers, Smartphones, Refrigerators & Others), Transportation Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) & Heavy Commercial Vehicles (HCV)], Aerospace (Commercial, Military & Others), Marine (Passenger, Cargo & Others) & Locomotive, Building & Construction (Residential, Commercial, Industrial & Infrastructure) & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: CMR 1199 Report Format: PDF + Excel

Silicone Adhesives Market Overview

The Silicone Adhesives Market size is projected to reach US$3.8 billion by 2027, after growing at a CAGR of 6.1% during the forecast period 2022-2027. Silicone adhesives composed of nanocomposite, silica and more have various performance benefits, including higher flexibility, excellent environmental resistance and more. These benefits make silicone adhesives ideal for various applications, including fabric, medical adhesive and more. The bolstering building & construction industry is the primary factor driving the growth of the silicone adhesives market. According to the Office for National Statistics U.K., in 2020, the construction of private housing in the U.K. was valued at €32,991 million (US$37,682.2 million) and in 2021, it was valued at €38,302.6 million (US$45,302 million), an increase of 16.1%. However, in 2020, COVID-19 led to restrictions associated with the supply chain, logistics and more, which impacted production activities. This negatively impacted the growth of the silicone adhesives industry. In 2021, the governmental measures to resurge the production activities fueled the growth of the silicone adhesives industry. Moreover, the growth of the transport industry is fueling the demand for silicone adhesives. As a result, the Silicone Adhesives market size would grow throughout the forecast period.

Silicone Adhesives Market Report Coverage 

The "Silicone Adhesives Market ReportForecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Silicone Adhesives Market.

By Type: One Component and Two Component.
By Technology: Pressure Sensitive Adhesives (PSA) and Non Pressure Sensitive Adhesives (Non-PSA).
By End-use Industry: Medical & Healthcare (Pharmaceuticals and Medical Devices), Consumer Electronics (Computers, Smartphones, Refrigerators and Others), Transportation Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Aerospace (Commercial, Military and Others), Marine (Passenger, Cargo and Others) and Locomotive, Building & Construction (Residential, Commercial, Industrial and Infrastructure) and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

Key Takeaways 

  • Asia-Pacific dominated the Silicone Adhesives Market, owing to the growth of the building & construction industry in the region. The city of Hai Phong (Vietnam) plans to build 15 new industrial parks with a total area of more than 6,400 hectares between 2021 and 2025. 
  • The surging adoption of Silicone Adhesives in the medical & healthcare sector is driving the market growth. 
  • Additionally, end-use industries such as electronics, aerospace, construction and more are predicted to experience sustainable growth as a result of the growing development in polymer technology with exceptional performance. 
  • However, the high cost of Silicone Adhesives is expected to restrain the market growth during the projected forecast period.

Figure: Silicone Adhesives Market Revenue Share, by Type, 2021 (%) 

Silicone Adhesives Market

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Silicone Adhesives Market Segment Analysis – by Type

The one-component segment held 60% share of the Silicone Adhesives Market in 2021. One-component silicone adhesive requires a humidity range of 5% to 95% and a temperature range of 40°F to 100°F (5°C and 40°C) to cure the adhesive and sealants. Aerospace and aviation applications frequently use one-component silicone adhesive. Additionally, it is frequently used in the transportation industries due to its high flexibility and strong adhesion to a variety of substrates, including metal, plastics and others. Thus, owing to the above-mentioned benefits, the adoption of one-component Silicone Adhesives is growing, which is accelerating market growth. 

Silicone Adhesives Market Segment Analysis – by End-use Industry

The building and construction segment held the largest share of the Silicone Adhesives Market in 2021 and is expected to grow at a CAGR of 6.3% during the forecast period 2022-2027. Silicone adhesives are used to join a variety of materials, including plastics, metal, glass, granite and concrete. They maintain their bond while absorbing stress from earthquakes and wind. As a result, it is frequently utilized in the building and construction industry. The governmental initiatives for infrastructure development, increasing demand for commercial office space and other factors are vital for the growth of the building and construction activities. In Q3 of 2021, the development of various offices started in Germany, which included Markisches Zentrum Redevelopment (completion year Q4 2023), Minden Headquarters Building (completion year Q3 2024) and others. Hence, the surge in construction activities continues to fuel the demand for silicone adhesives. This factor is accelerating market growth. 

Silicone Adhesives Market Segment Analysis – by Geography 

Asia-Pacific dominated the Silicone Adhesives Market in 2021 with a market share of up to 43.5%. The boom in the economic expansion of the Asia-Pacific region is augmenting the growth of various industries such as building & construction activities, transport and more. The constantly increasing retail store building construction, ongoing development of commercial centers and other similar variables are driving the growth of the building and construction industry in Asia-Pacific. In 2019, the government of China commissioned 26 infrastructure projects related to rail, road, bridges and more with a projected investment of 981.7 billion yuan (US$142 billion). Therefore, the growth of the building and construction industry in Asia-Pacific is boosting the demand for silicone adhesives. This, in turn, is accelerating the growth of the Silicone Adhesives market size.

Silicone Adhesives Market Drivers 

Booming Transport Industry 

Silicone Adhesives have several key benefits, including higher durability ensured by strong resistance to climatic extremes and pollution, low surface tension and great elasticity to avoid breaking. As a result, it is utilized in the transport vehicles structure for adherence of metal, plastics and other substrates. The factors such as the increasing adoption of passenger cars, booming transport production and other factors are accelerating the growth of the transport industry. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2021, global automotive production was 80,145,988 units, an increase of 2% over 2020. Moreover, according to Airbus, the widebody aircraft production in 2018 was 96 units and in 2019, it was 153 units, an increase of 59.4%. Thus, the growth of the transport industry is accelerating the demand for Silicone Adhesives, thereby, driving the market growth. 

Growth of the Medical Device Industry 

Silicone Adhesives are deployed as medical adhesives in the medical device industry. Silicone adhesives are also used as excipients in transdermal patches. In addition, they are used as skin contact adhesives for prosthetic and wound care device attachment. Factors such as technological improvements in medical equipment and an aging population are accelerating the growth of the medical device industry. According to the International Trade Administration (ITA), Canada is the world's eighth-largest medical device market, valued at around USD$8.6 billion in 2020. Thus, the growth of the medical device industry is boosting the demand for medical adhesives composed of Silicone Adhesives, which, in turn, is driving the market growth. 

Silicone Adhesives Market Challenge

Higher Cost Associated with Silicone Adhesives 

Silicone Adhesives have the advantage of higher durability. However, the prices of silicone adhesives are increasing due to factors such as a surge in raw materials prices, supply chain disruption, the Russia-Ukraine war impact and others. In May 2022, Shin-Etsu, a leading manufacturer of silicone products, headquartered in Japan, raised the selling prices of its silicone goods by 10%, which also included silicone adhesives. Therefore, the high price associated with silicone adhesives may restrict the growth of the Silicone Adhesives industry in the coming years.

Key Market Players

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Silicone Adhesives Market. The top 10 companies in the Silicone Adhesives market are: 

  1. 3M 
  2. Arkema (Bostik) 
  3. Avery Dennison Corporation 
  4. Delo Industrial Adhesives LLC 
  5. Dow 
  6. DuPont 
  7. General Sealants Inc. 
  8. H.B. Fuller Company 
  9. Henkel AG & Co. KGaA 
  10. Illinois Tool Works Inc. 

Recent Developments: 

  • In October 2021, DAP recently introduced a line of four hybrid sealants to combine the superior qualities of silicone and polyurethane with a special formula for a variety of applications. The main focus of this product launch was to expand its presence in the Silicone Adhesives market. 
  • In August 2021, a contract was signed for Arkema to purchase Ashland's Performance Adhesives division, a premier provider of high-performance adhesives for industrial applications in the US with a distinctive and cutting-edge product line. The group's goal to dominate the market for pure specialty materials by 2024 is perfectly complemented by this project. 
  • In January 2021, Momentive Performance Materials Inc. announced its intention to enter a binding agreement to acquire KCC Corporation's Silicones businesses in South Korea and the United Kingdom, as well as its sales operations in China to further strengthen Momentive's global capabilities in advanced silicone and specialized applications. 
1. Silicone Adhesives Market - Overview
    1.1 Definitions and Scope
2. Silicone Adhesives Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Technology
    2.3 Key Trends by End-use Industry
    2.4 Key Trends by Geography
3. Silicone Adhesives Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Silicone Adhesives Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Silicone Adhesives Market – Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Silicone Adhesives Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Silicone Adhesives Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Silicone Adhesives Market - by Type (Market Size – US$ Million/Billion)
    8.1 One Component
    8.2 Two Component
9. Silicone Adhesives Market - by Technology (Market Size – US$ Million/Billion)
    9.1 Pressure Sensitive Adhesives (PSA)
    9.2 Non Pressure Sensitive Adhesives (Non-PSA)
10. Silicone Adhesives Market - by End-use Industry (Market Size – US$ Million/Billion)
    10.1 Medical & Healthcare
        10.1.1 Pharmaceuticals
        10.1.2 Medical Devices
    10.2 Consumer Electronics
        10.2.1 Computers
        10.2.2 Smartphones
        10.2.3 Refrigerators
        10.2.4 Others
    10.3 Transportation
        10.3.1 Automotive
            10.3.1.1 Passenger Vehicles (PV)
            10.3.1.2 Light Commercial Vehicles (LCV)
            10.3.1.3 Heavy Commercial Vehicles (HCV)
        10.3.2 Aerospace
            10.3.2.1 Commercial
            10.3.2.2 Military
            10.3.2.3 Others
        10.3.3 Marine
            10.3.3.1 Passenger
            10.3.3.2 Cargo
            10.3.3.3 Others
        10.3.4 Locomotive
    10.4 Building & Construction
        10.4.1 Residential
        10.4.2 Commercial
        10.4.3 Industrial
        10.4.4 Infrastructure
    10.5 Others
11. Silicone Adhesives Market - by Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 The USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 The UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 The Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 The Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 The Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 The Rest of South America
    11.5 The Rest of the World
        11.5.1 The Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 The UAE
            11.5.1.3 Israel
            11.5.1.4 The Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 The Rest of Africa
12. Silicone Adhesives Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Silicone Adhesives Market–Industry / Segment Competition landscape Premium Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key End-use Industry Industry - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Silicone Adhesives Market – Key Company List by Country Premium Premium
15. Silicone Adhesives Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
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