- Silicone sealants or adhesives are flexible and powerful products that have no or less flow features. The silicone sealants market is likely to witness exponential growth in the future. This is due to rapidly increasing construction activities globally.
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The primary factors driving the silicone sealants market are increasing demand for silicone sealants from application sectors, including packaging, automotives and construction. Additionally, growing applications of silicone sealants in cosmetics, pharmaceuticals and food are likely to boost further demand for the silicone sealants market.
However, the use of synthetic silicon and negative effects of the same on ecology are anticipated to restrain the market. The silicone sealants market can be segmented into consumers, types and geographies. The market, on the basis of consumers, can be divided into construction, consumer food, packaging, automotives and cosmetics. Construction holds the largest share in the silicone sealants market. It is likely to show the same in the coming years.
The silicone sealants market, on the basis of types, includes pressure sensitive sealants, UV or radiation cured sealants, room temperature vulcanizing (RTV) and thermoset silicones. Geographically, the silicone sealants market can be split into four key regions, including, North America, Asia Pacific, Europe and ROW (rest of the world).
Asia Pacific leads the market and is followed by North America and Europe. This is attributed to growing industries, like construction and transportation in the developing regions of China and India. China is expected to witness surge in demand for the silicone sealants market. This is due to extensive construction activities and increasing consumer demand for superior quality products.
Information Source: Radiant Insights
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