Silicone Adhesives Market Research Report- Forecast till 2030

Silicone Adhesives Market Research Report: information by type (one-component, two-component), technology (pressure sensitive adhesives, non-pressure sensitive adhesives), application (buildings & construction, medical) – Forecast till 2030

ID: MRFR/CnM/3736-HCR | February 2021 | Region: Global | 138 pages

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Silicone Adhesives Market overview:


 


The silicone adhesive market growth is expected to grow with a healthy CAGR of 5% during the forecast period. This growth is primarily due to the development in the industry. For instance, the development to process and manufacture silicone adhesives at lower manufacturing costs and the increasing awareness regarding the technologies across the end-user industries are some of the major factors that are expected to drive the silicone adhesives market growth. The potential properties of the silicone adhesives due to the usage of special polymeric materials and the naturally occurring materials are considered as the major market drivers of silicone adhesives market growth.


 


The utilization of silicon adhesives has been increasing in various fields and consumed by various potential end-users. Additionally, the growing demand for these potential end-users is also impacting the overall growth of the silicone adhesives industry.


 


COVID 19 Analysis:


 


The major end-user industries are automotive, healthcare, packaging, and electronics industry. Due to COVID 19, the majority of the end-user industries were affected and the production rate of these industries was dropped significantly. The change in the attitude of the consumers due to economic conditions and other factors are considered as the major factors that affect the overall growth of the silicone adhesives industry. Especially, the automotive sector and electronic sectors were severely affected due to pandemics which has affected the silicone adhesive market demand. 


 


On the other hand, the demand for the medical equipment and packaging industries was growing during the pandemic. Huge investments were made in such industries to meet the requirements. Such factors have impacted the overall growth of the silicone adhesives industry during the pandemic.


 


Market dynamics:


 


 Market drivers:


 


The adhesives are expected to bind the surfaces and lubricate them irrespective of the varied surfaces. Since silicone adhesives are made of raw materials that are stable and don’t react with the substrates, they don’t reach or change the quality of the substrates. This quality of the silicone adhesive is considered as the primary growth-stimulating factor of silicone adhesives market growth.


 


The increasing demand for the potential end-user industries such as automotive, electronics, mechanical engineering and miniaturization, and others are propelling the overall growth of the silicone adhesive industry. Additionally, the demand for lightweight components in the automotive industry is higher, therefore the utilization of silicone adhesives is also increasing with such demand. 


 


Market opportunities:


 


The growing urbanization and the changing preferences of the potential end-users are presenting lucrative opportunities for silicone adhesive market growth. The increasing awareness and the increasing number of smart hospitals across the globe are bringing in new medical techniques and pieces of equipment. Such factors are presenting lucrative opportunities for silicone adhesive market growth.


 


Curing is considered one of the most crucial parts of processing silicone adhesives. The advent of UV curing technology into the silicone adhesives market and thermosets are making the silicone adhesives more efficient and the UV curing technique has improved the properties of the silicone adhesives, which offers scratch resistance properties and significant others. Such factors are expected to boost the overall growth of the silicone adhesives industry.


 


Market restraints:


 


Higher costs incurred for the manufacturing of the product and the fluctuation in the prices of raw materials are considered as the major market restraints of the silicone adhesives industry.


 


The inclusion of several toxic and inflammable materials during the processing of the silicone adhesives makes it difficult to comply with the transporting regulations. They are restricted in several countries, due to the risk of explosion. Such factors are considered as the major restraints of the silicone adhesives industry.


 


Market challenges:


 


The governmental regulations imposed for the manufacturing and emission from these manufacturing industries are also considered as the major challenge for silicone adhesives market growth. 


 


Some of the potential characteristics that have failed to impress the end-user industries, lack of long-term strength, presence of strong radiation, UV light and moisture, and other environmental impacts might alter the strength and stability of the silicone adhesives. This factor is considered as the major challenge for the overall growth of the silicone adhesives industry.


 


 Cumulative growth analysis:


 


The growing demand in the automotive industry is considered as the major market driver of the silicone adhesives industry. The silicone adhesives are used in various applications in the automotive industry, they are used in structural metal bonding, structural fiber-reinforced plastic bonding, exterior films, and significant others. The wire wheels and engine control modules of the vehicles also require silicone adhesives during the manufacturing processes. The automotive manufacturers are utilizing silicone adhesives as they don’t add on weight yet do not sacrifice efficiency. They are also used due to the factors such as fuel efficiency, customizable and excellent bonding properties. 


 


Especially the adhering properties of the silicone adhesives are useful in the vehicles as it allows the customers to change the color of the vehicle easily. Since the demand for customized vehicles is rapidly increasing in recent years, the properties of silicone adhesives are highly appreciated across the automotive industry, this facilitates the overall growth of the silicone adhesive industry in recent years. The market value of silicone adhesives was at USD 2.8 billion in the year 2019 and it is expected to surpass the market value of over USD 4 billion by the year 2028 while registering a CAGR of 8% during the forecast period.


 


Value chain analysis:


 


Adhesives are used to hold the two different substrates, whereas they are also expected to lubricate the substrates, develop bonds and remain stable without causing an adverse reaction or creating any harmful emissions that might interact with the substrates. Therefore silicone adhesives are considered for crucial applications involved in automotive, aerospace, medical appliances, and light-weight construction. Moreover, several applications involved with multi-materials also utilize silicone adhesives for efficient adhesion. The major end-user industries of silicone adhesives are utilizing it due to its capacity to withstand harsh climatic conditions, capable to adhere to different substrates, and efficiency in sealing strong products. 


 


There are a few factors that are considered as the major drivers of silicone adhesives, that is, the silicone adhesive efficiently prevents component failures, reduces repairs of the costly equipment, and the quality of the performance is also higher than other adhesive solutions. Moreover, the government initiatives for the development of medical sectors and the development of manufacturing industries are also aiding the overall growth of the silicone adhesives industry. 


 


Segment overview:


 


Based on type:


 



  • Single component silicone adhesive

  • Two-component silicone adhesive

  • Others


 


Based on End-user industries:


 



  • Building and construction

  • Automotive

  • Electronics

  • Healthcare industry

  • Packaging

  • Aerospace

  • Others


 


Based on technology:


 



  • Pressure-sensitive adhesives

  • Non-pressure sensitive adhesives


 The global silicone adhesives market share by application


 The Global Silicone Adhesives market share by application


Product: MRFR analysis


Regional analysis:


 


Silicone adhesives market growth in the Asia-pacific region is growing at a faster pace as the potential end-users are growing across the region and are exhibiting higher demand as well. For instance, the demand for the medical sector has been increasing across the globe due to the increasing number of emergencies and hospital facilities. The medical applications including tapes, dressings, ostomy, bags, drapes, and catheters are completely reliant on silicone adhesives. The growing geriatric population across the Asia-pacific region and medical emergencies have propelled the silicone adhesives market growth.


 


On the other hand, North America is also showcasing a higher market share in the silicone adhesives industry, which is due to the higher disposable income and the increasing adaptation of technology in automotive, construction, and other manufacturing industries. The prominent market players across North America who are willing to increase their investment in the silicone adhesives industry are also considered as the major market drivers. On the other hand, European countries are also exhibiting higher growth rates in the silicone adhesives industry which is due to the changes in the construction and buildings industry, medical, transportation, and significant others. 


 


Competitive landscape:


 



  • Dow Corning (USA)

  • Wacker Chemie (Germany)

  • Shin-Etsu (Japan)

  • The 3M Company (USA)

  • Henkel AG (Germany)

  • Avery Dennison (USA)

  • Momentive (U.S.)

  • H.B. Fuller (U.S.)

  • Sika AG (Switzerland)

  • Delo Industrial Adhesives LLC ( U.S)


 


Recent developments:


 


November 2021 - Transcontinental Advanced Coatings, a global provider of high-quality coatings for films, foils, and other specialty substrates, has announced the introduction of the Total Care product portfolio of medical components used to produce medical antimicrobial hard coats, patient monitoring devices, IV, ostomy devices, consumer & cosmetic dressings, and advanced wound care dressings.
This latest, technically enhanced portfolio offers prominent custom-made solutions, which support the greatest level of brand confidence, healing, care, and patient comfort. The Total Care line is a thorough medical product portfolio comprising a newly enhanced and trusted inspire® product range of innovative medical-grade adhesives and ultra-thin polyurethane films for advanced wound care. Moreover, the company has added the latest supplementing platforms of silicone adhesives and hydrophilic foams used in wound dressings and bi- and tri-laminate constructions.

October 2021- DAP is launching the latest line of four hybrid sealants developed to blend the best attributes of silicone and polyurethane with a unique formula for a broad range of applications. The AMP advanced modified polymer sealants offer a waterproof and weatherproof seal on exterior and interior applications alike. It prevents mildew and mold growth throughout its life and may be applied on damp and wet surfaces at temperatures between 0 and 140 degrees Fahrenheit. The product satisfies ASTM C920 specifications for contraction and expansion in severe weather conditions and provides strong adhesion to a range of building components.

In the year 2021, one of the leading market players, DAP had launched a series of four sealants that are considered as the hybrid in the market due to its unique formula. The unique formula had made it to be suitable for several applications. For instance, one of their advanced modified polymer sealants is named AMP is suitable for several applications, they offer potential characteristics such as weather-proof, waterproof, and efficiently preventing any mild dew or harsh temperatures affecting the application. 


 


Recently, a few US-based engineers had created a directional adhesive that offers an excellent grip which is considered to be 100 times larger in one direction to them otherwise. The adhesive offers excellent performance which is like combining synthetic and natural materials.


 


Report overview:


 


 This report has covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments


 


Segmentation Table:


 


Based on type:


 



  • Single component silicone adhesive

  • Two-component silicone adhesive

  • Others


 


Based on End-user industries:


 



  • Building and construction

  • Automotive

  • Electronics

  • Healthcare industry

  • Packaging

  • Aerospace

  • Others


 


Based on technology:


 



  • Pressure-sensitive adhesives

  • Non-pressure sensitive adhesives



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   (2020-2030) : 5.40 Value
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Technology and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   3M (U.S.), Wacker Chemie AG (Germany), Momentive (U.S.), Dow Corning Corporation (U.S.), Shin-Etsu Chemical Co., Ltd (Japan), Henkel AG & Co. KGaA (Germany), H.B. Fuller (U.S.), Sika AG (Switzerland), AVERY DENNISON CORPORATION ( U.S), and Delo Industrial Adhesives LLC ( U.S.)
  Key Market Opportunities   the medical segment is set to grow
  Key Market Drivers   the increasing demand for silicone adhesives in medical, transportation, electrical & electronics, and other sectors


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Frequently Asked Questions (FAQ) :

The market value of silicone adhesives was at USD 2.8 billion in the year 2019 and it is expected to surpass the market value of over USD 4 billion by the year 2028 while registering a CAGR of 8% during the forecast period.

Global Silicone Adhesives Market is dominated by APAC region.

The increasing demand for silicone adhesives in medical, transportation, electrical & electronics, and other sectors

• Dow Corning (USA) • Wacker Chemie (Germany) • Shin-Etsu (Japan) • The 3M Company (USA) • Henkel AG (Germany) • Avery Dennison (USA) • Momentive (U.S.)

• Building and construction • Automotive • Electronics • Healthcare industry • Packaging • Aerospace • Others

• Single component silicone adhesive • Two-component silicone adhesive