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Silicone Sealants Market

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The global silicon sealants market size is projected to witness potential gains, and register CAGR of 4.2% over the forecast period (2019 - 2027).
Silicone Sealants Market - Trend and Forecast Upto 2027
The global silicon sealants market size is projected to witness potential gains,
and register CAGR of 4.2% over the forecast period (2019 - 2027).
Market Overview
Silicone is different from silicon (Si), Silicone is a family of manufactured
compounds, in which silicon is a primary component. Silicon, on the other hand,
is used for manufacturing solar cells and semiconductors. Silicones are high
performance, specialty polymers which are highly resistant to extreme
temperatures, UV rays, water, and are produced in several forms such as fluids,
resins, solid and liquid rubbers, and silicone grease. Silicones are used in a wide
variety of industries, as well as consumer products such as adhesives, sealants,
lubricants, thermal insulation, utensils, and medicine. Silicone sealants offer a
wide range of benefits compared to organic sealants, such as low surface
energy, resistance to UV rays, moisture, and other chemicals.
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Market Outlook
Asia Pacific is expected to be the largest, and fastest growing market owing to
rising demand from end use industries in the region such as automotive,
construction, and electronics among others. Rapid industrialization, rising gross
domestic product, growing disposable income and purchase parity in emerging
economies such as India and China is expected to complement growth of the
silicone sealants market in the region. Industrial economies such as Thailand,
Japan, South Korea, India, China, Taiwan, and Singapore are also located in the
Asia Pacific region which is projected to propel the region’s market share.
North America is estimated to be the second highest market for silicone sealants
on account of demand from the automotive, and construction and architecture
industries. Owing to recovery from the economic crisis in Europe, the regional
market is expected to experience gradual growth over the forecast period.
Key Players
Some of the major companies operating in the global silicone sealants market
are KGaA, HB Fuller, 3M, Mitsubishi Chemical Corporation, E I DuPont de
Nemours, Dow Chemical Company, BASF SE, and Henkel AG & Company.
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pallavi.reddy
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