Silicone Adhesives Market to experience an impressive growth of 8.2 % during 2020-2025
February 03, 2020
Silicone adhesives market is likely to witness an impressive CAGR of 8.2% during the forecast period. Wide adoption of silicone adhesives especially from the Asia-Pacific region drives the market globally. The use of silicone adhesives in various end-use industries further strengthens the growth of the market.
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Silicone Adhesives Market Segment Insights:
By Type:
Based on the type, the market is segmented as one-component and two-component. The one-component segment is estimated to lead the market in the coming five years. This growth is owing to the wide use of silicone adhesives in various end-use industries owing to their rich properties, such as high flexibility and superb adhesion properties to substrates.
By End-Use Industry Type:
Based on the end-use industry type, the market is segmented as building & construction, transportation, medical, electrical & electronics, and others. The medical end-use segment is expected to have the highest growth during the forecast period, in terms of both value and volume. This growth is attributed to the growing wound infections and progressions in advanced technologies in the market.
By Region:
In terms of regions, Asia-Pacific is expected to dominate the silicone adhesives market in the coming five years, in terms of both value and volume. China and India are the growth engines of the region. The market is driven by the growing use of silicone adhesives by various end-use industries. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
By Key Players:
Some of the silicone adhesive manufacturers are The 3M Company, Wacker Chemie AG, DOW Corning Corporation, Henkel AG & Company, KGaA, H.B. Fuller Company, Illinois Tool Works (ITW), Avery Dennison Corporation, Delo Industrial Adhesives LLC, and Threebond Holdings Co., Ltd.
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