The changing dynamics in Silicone Adhesives Market with covid-19 impact assessment
June 04, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Silicone Adhesives Market.
It was estimated prior to this unanticipated outbreak that the Silicone Adhesives Market was expected to grow at a CAGR of 8.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Silicon Adhesives are adhesives that have silicon atoms along with oxygen atoms. These are water-resistant solutions with a number of properties such as stability, and also resistant to temperature and chemicals. These adhesives are also resistant to moisture and weathering.
Silicon Adhesives can be described through a number of terms such as RTV, thermoset, moisture-cured, radiation cured and pressure-sensitive. These are also known for their higher flexibility degree and are used in a number of industries such as transportation, electronics, construction, medical, and many others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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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.
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 high 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.
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.
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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Silicone Adhesives Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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