What is Modified Silicone Sealants?
Modified Silicone Sealants are organic sealants made of carbon-based polymers with a backbone of carbon-carbon bonds. Weather stability, thermal stability, oxidation and ozone resistance, and extreme low temperature flexibility are all characteristics of modified silicone sealants. When placed between substrates under severe circumstances, modified silicone sealants provide adequate flexibility and elongation. Modified silicone sealants can be used in a variety of industrial and residential settings. The growing demand of construction sealants because of rapid industrialisation and urbanisation has led to the growth of the modified silicone sealants. Although the ecological effects of modified silicone sealants a major concern which may hinder the future growth prospectus of the modified silicone sealants market. Asia Pacific is the major market of modified silicone sealants.
The market study is broken down, by Application (Construction, Automotive, Pharmaceutical, Electronics and Others) and major geographies with country level break-up.
Global surge in demand for construction sealants has driven companies to innovate and invest in research and development. This has led to the emergence of superior modified silicone sealants, offering better physical qualities. The rising growth due to automotive industry too has significantly risen the market of the modified silicone sealants. Asia Pacific market is expected to remain a major market of modified silicone sealants over the coming years. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dow Silicones Corporation (United States), DuPont de Nemours, Inc. (United States), RPM International Inc. (United States), 3M Company (United States), Sika Group (Switzerland), Tremco Inc. (United States), Shin-Etsu Chemical Co., Ltd. (Japan), Arkema Group (France), Wacker Chemie AG (Germany) and Henkel AG & Co. KGaA (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Lee Manufacturing Services, LLC (United States), Hylomar Ltd. (United Kingdom) and Sekisui Fuller Co. Ltd. (Japan).
AdvanceMarketAnalytics has segmented the market of Global Modified Silicone Sealants market by Type, Application and Region.
On the basis of geography, the market of Modified Silicone Sealants has been segmented into . If we see Market by Technology, the sub-segment i.e. PSA will boost the Modified Silicone Sealants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering , the sub-segment i.e. One Component will boost the Modified Silicone Sealants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategiesIn 2019, Sika AG, a Swiss multination speciality chemicals company has announced acquisition of Crevo-Hengxin, which is a China based manufacturer of silicone sealants and adhesives provided to both industry and construction applications. The acquisition is expected to expedite the market growth of Sika in Asia Pacific region. With the completion of the acquisition Sika would also add additional capabilities and expertise drawn from Crevo Hengxin.
In 2020, Henkel AG & Co. KGaA, Germany based multinational chemicals and consumer goods company has announced acquisition of Momentive Performance Materials companyís Consumer Sealants division. Momentive Performance Materials is one of the market leaders in silicone-based and other specialty chemical products. The deal is expected to strengthen Henkelís market standings in sealants, adhesives, and related products market, establishing it one of the leading suppliers of sealants to construction industry.
- Two Component Segment is Expected to Account for a Significant Market Share
- Rapid Urbanisation and Industrialisation has Driven the Demand for Construction Sealants
- Growth of Automotive Sector too has led to Higher Growth
- Cosmetics as well as Food and Beverages Industry can Present Potential Growth Opportunities
- Rising Stringent Regulations over Ecology and Sustainability
- Growing Consumer Awareness about Environment Damage in Developed Countries
Key Target AudienceModified Silicone Sealants Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Dow Silicones Corporation (United States), DuPont de Nemours, Inc. (United States), RPM International Inc. (United States), 3M Company (United States), Sika Group (Switzerland), Tremco Inc. (United States), Shin-Etsu Chemical Co., Ltd. (Japan), Arkema Group (France), Wacker Chemie AG (Germany) and Henkel AG & Co. KGaA (Germany) etc.
2. Can we have customized study for Modified Silicone Sealants Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Modified Silicone Sealants Market by 2026?
Analysts at AMA estimates Modified Silicone Sealants Market to reach USD Million by 2026.