Silicone Adhesives Market Analysis

Global Silicone Adhesives Market Overview

Silicone Adhesives Market Size was valued at USD 1.59 Billion in 2023. The silicone adhesives market industry is projected to grow from USD 1.69 Billion in 2024 to USD 2.58 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.44% during the forecast period (2024 - 2032). Technological development and an increase in new product launches, and rising government initiatives are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Silicone Adhesives Market Trends

• 
  

  An increase in the number of new product launches is driving the market growth.

  
  

A substance that fuses two surfaces together is an adhesive. Adhesives should be stable, not react with the substrates, and not emit pollutants. They should lubricate surfaces and produce adhesion between them by forming bonds after application. Polymeric compounds, both naturally occurring and artificially created, make up the majority of adhesive raw materials. Silicones differ from other organic polymer-based adhesives in that they are chemically based, giving them special qualities. They have exceptional temperature stability and maintain a high level of elasticity at low temperatures.

The market for silicone adhesives will experience slower growth due to the increasing prevalence of wound infections. The primary factor fueling market expansion is the rise in demand from the automotive industry. The market for silicone adhesives will see an increase in demand as people become more aware of cutting-edge medical procedures. The market for silicone adhesives is also being driven by important factors like the rise in disposable income and rising urbanization. Additionally, a rise in demand across several sectors, including commercial and construction, will speed up market expansion for silicone adhesives. Additionally, the market for silicone adhesives will grow due to the expansion of low-cost, sophisticated silicone technologies. The major market factors that will further accelerate the growth rate of the silicone adhesives market include the rise in demand for high-performance materials that will contribute to the prevention of component failure, lower expensive warranty repairs, and improve customer satisfaction in the automotive sector.

Additionally, the market for silicone adhesives will benefit from opportunities created by technological development and an increase in the number of new product launches. Rising government initiatives, such as grants and funds, as well as untapped potential in emerging markets, will also offer lucrative opportunities for market expansion. The adhesive industry's technological advancements provide more options, which open up new opportunities. The design and production of electronic products have relied heavily on high bond strength and durable temperatures. Important players are reducing their use of plastic in packaging and emphasizing positive environmental effects by using adhesives. With the development of silicones and other materials, major players can now find adhesives that can satisfy the demands for structural, thermal, and environmental stability. High-density devices are anticipated to grow due to the advancements in semiconductor process technology, which raises the heat loads in intended designs. Thus, driving the silicone adhesives market revenue.

Silicone Adhesives Market Segment Insights

Silicone Adhesives Type Insights

Based on type, the silicone adhesives market segmentation includes single-component and two-component. The single-component segment dominated the market. Since they don't require mixing Channelrious preparation, single-component silicone adhesives can be used right out of the container. As a result, they are practical and simple to use, saving time and effort while bonding. Single-component silicone adhesives typically dry at room temperature, and when compared to other adhesive systems, their drying time can be quite quick. As a result, manufacturing processes become more productive and efficient as components can be bonded and assembled quickly.

Figure 1:  Silicone Adhesives Market, by Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Silicone Adhesives Technology Insights

The silicone adhesives market segmentation based on technology includes pressure-sensitive and non-pressure-sensitive adhesives. The non-pressure-sensitive adhesives category generated the most income. Non-pressure-sensitive silicone adhesives typically use a curing mechanism, like crosslinking, to achieve adhesive properties. A curing agent or heat exposure is necessary for these adhesives to create a strong and long-lasting bond. On the other hand, pressure-sensitive adhesives can bond objects together without needing to cure first. Compared to pressure-sensitive adhesives, non-pressure-sensitive silicone adhesives frequently have a stronger bond. When an adhesive has dried, it creates a solid, long-lasting bond resistant to shear forces, the elements, and peeling. They are, therefore, suitable for applications that call for long-term durability and adhesion. Silicone adhesives that are not pressure sensitive have exceptional resistance to high and low temperatures. They are suitable for applications in extreme temperature environments because they can maintain their adhesive qualities and bond strength across a broad temperature range.

Silicone Adhesives Applications Insights

Based on applications, the silicone adhesives market segmentation includes buildings & construction, automotive, electronics, healthcare, packaging, aerospace, and medical. The buildings & construction category generated the most income stores. Windows and doors are frequently installed and sealed using silicone adhesives. They offer a strong and adaptable bond between the frame and the glass, forming an airtight and weatherproof seal. Silicone adhesives provide outstanding resistance to weathering, temperature changes, and UV rays, ensuring long-lasting performance. For sealing expansion joints in buildings, use silicone adhesives. Because of temperature changes or structural changes, these joints permit material expansion and movement. The flexible and watertight seal silicone adhesives offer allows joint movement while preventing water infiltration and preserving the building's structural integrity.

Silicone Adhesives Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American silicone adhesives market will dominate this market, owing to an increase in the number of persons affected by cardiovascular devices and obesity. In addition, the growing number of established health clubs and fitness facilities will boost market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  SILICONE ADHESIVES MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s silicone adhesives market accounts for the second-largest market share due to the low cost of bariatric surgery and the rise in the number of diabetes people. Further, the German silicone adhesives market held the largest market share, and the UK silicone adhesives market was the fastest-growing market in the European region.

The Asia-Pacific Silicone Adhesives Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to expanding awareness of a healthy lifestyle and nutrition and rising per capita disposable income. Moreover, China’s silicone adhesives market held the largest market share, and the Indian silicone adhesives market was the fastest-growing market in the Asia-Pacific region.

Silicone Adhesives Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the silicone adhesives market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The silicone adhesives industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the silicone adhesives industry to benefit clients and increase the market sector. The silicone adhesives industry has offered some of the most significant advantages in recent years. Major players in the silicone adhesives market, including 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.) and others, are attempting to increase market demand by investing in research and development operations.

Wacker Chemie AG (Germany), Today, we are a ly active company with cutting-edge specialty chemical products. We were a modern chemistry pioneer. More than 3,200 products are available in our portfolio. You, our clients, represent virtually every significant industry. For you, we create cutting-edge technologies and smart solutions. We strive to enhance people's quality of life worldwide by being customer-focused, innovative, and long-sighted. We rank among the top suppliers in the world in our business sectors as experts in silicon chemistry and ethylene-based polymers. Our products are used in various high-growth end-user markets, including solar installations, the automotive and electronics industries, construction applications, and electronics. As a producer of silicone, we rank second in the world. We are the world leader in polymer binders and hyperpure silicon in the solar and semiconductor industries. Custom biotech products, such as those for the food and pharmaceutical industries, round out our selection for various application fields.

Dow Corning Corporation (U.S.), a multinational company with its headquarters in Midland, Michigan, in the United States. The Dow Chemical Company and Corning Incorporated initially formed Dow Corning as a joint venture. After Dow acquired Corning, Dow became the sole owner of Dow Corning. It had a brief existence as a DowDuPont-owned company before Dow spun out from DowDuPont on April 1, 2019, creating a new company, Dow Silicones Corporation, which is fully owned by Dow, specializes in silicone and silicon-based technology, and is the largest producer of silicone products in the world.

Key Companies in the silicone adhesives market include

• 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)


• B. Fuller (U.S.)


• Sika AG (Switzerland)


• AVERY DENNISON CORPORATION (U.S)


• Delo Industrial Adhesives LLC (U.S.)

Silicone Adhesives Industry Developments

August 2022: ITW Performance Polymers partnered with PREMA SA to distribute its Devcon brand in Poland.

November 2022: Sika had plans to build a new technology hub and manufacturing facility in Pune, India, for premium adhesives and sealants. The company's three new production lines primarily produce goods for the transportation and construction industries.

February 2022: WACKER debuted silicone adhesive gels for wearables and wound dressings at COMPAMED. Due to its water vapor and gas permeability, this silicone adhesive gel is water-repellent and breathable, significantly enhancing wound healing.

Silicone Adhesives Market Segmentation

Silicone Adhesives Type Outlook

• Single-component


• Two-component

Silicone Adhesives Technology Outlook

• Pressure-sensitive adhesives


• Non-pressure sensitive adhesives

Silicone Adhesives Applications Outlook

• Buildings & Construction


• Automotive


• Electronics


• Healthcare


• Packaging


• Aerospace


• Medical

Silicone Adhesives Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America