5 Key Insights on US$ 7 Bn Opportunity in Global Silicone Sealants Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Driven by the Rise in Demand for Construction Silicone Sealants in the Infrastructure and Residential Housing Sectors, the Global Silicone Sealants Market is forecasted to cross US$ 7 Bn by 2030 says Ken Research Study. Silicone sealants are widely and frequently used in building projects for panels, expansion joints, weatherproofing, and other applications. These substances are a sort of adhesive that is found in a liquid or gel-like state and that must be cured or dried to get the best adherence. Silicone exhibits exceptional resistance to moisture, weathering, and other chemicals, and unlike other adhesive types, it can maintain its stability and elasticity at both low and high temperatures which is propelling the demand for the product in markets across the globe. Ken Research shares 5 key insights on this high opportunity market from its latest research study. 1. Increasing Demand for Lightweight Vehicles to Propel the Demand for Silicone Sealants According to Research estimates, the Global Silicone Sealants Market – valued at around US$ 3 Bn in 2019, is estimated to reach a revenue of US$ 5 Bn in 2022 – and is expected to grow further to more than US$ 7 Bn opportunity by 2030. The demand for lightweight vehicles and electric cars is driving the market for silicone sealants to improve their thermal and mechanical properties. According to the International Energy Agency, with 2 million electric vehicle sales in the first quarter of 2022, a 75% increase over the same time in 2021, the market for electric vehicles has continued to grow rapidly. In 2020, Europe surpassed China as the region with the largest market for electric vehicles, outpacing China’s share by 4.6%. Following the 2020 boom, sales in Europe continued to expand strongly (up 65% to 2.3 million), and after two years of decline, sales in the United States also increased (to 630,000). Similar patterns emerged in the first quarter of 2022, with sales in China more than doubling compared to the first quarter of 2021 (accounting for the majority of worldwide growth), rising by 60% in the US and by 25% in Europe, according to the International Energy Agency. As a result, the market for silicone sealants is experiencing growth and is expected to rise rapidly over the course of the forecast period due to the rising demand for electric vehicles. 2. Increased Demand for Low Volatile Organic Compounds, Green and Sustainable Sealants to Boost the Product Demand The need for green sealants or those with low volatile organic compounds is rising as green or environmentally friendly products are becoming more popular in a variety of applications. Manufacturers are now required to produce environmentally friendly sealants with low VOC emissions due to strict regulations implemented by the US Environmental Protection Agency (EPA), Europe’s Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory authorities. The industry offers a substantial possibility for expansion as a result of the transition to a more sustainable product line. Green and more sustainable sealant solutions have a lot of room to grow because there is a growing tendency in the construction industry to utilize eco-friendly or green structures. 3. Increased Adoption in Glass Insulation Manufacturing to Propel the Market Silicone sealants are increasingly being employed in the production of glass insulation for autos and commercial equipment. In emerging economies, these industries have shown consistent growth throughout the years, which has positively impacted the sealants market. RTV sealants, which can endure pressure and extreme temperatures, are used to fill the need for electronic components and frame assembly in the aviation and aerospace industries. One of the most popular building materials in both residential and commercial structures is insulated glass. Insulated glasses manage the temperature indoors and maintain air quality and humidity. Because they are made of two glass panes separated by an inert gas, insulated glasses are effective at reducing heat transfer. As a result, insulated glasses are useful for a variety of applications since they diffuse the transfer of heat. China’s construction and transportation sectors are currently expanding quickly and fundamentally shifting to energy-efficient, secure, and lightweight products. 60 billion m2 of current floor space are being added each year through green building, of which 90% are in high-energy buildings that urgently require renovation. As a result, there will be a quick increase in the processing of products including tempered vacuum glass, energy-saving insulating glass, electrochromic glass, and flameproof glass. 4. Changing Standards and Shifting Rules to Limit the Market Growth The frequent changes being made to the laws governing the use of construction sealants present challenges for manufacturers. The Building Products Regulation (CPR) requirements and standards, for instance, are of concern to manufacturers of building sealants as they determine the minimum (or maximum) performance levels of the construction products. For example, in 2020, The European Commission initiated a public consultation titled “Assessment and possible amendment of the Construction Products Regulation No. 305/2011 (CPR)” to gather input on the future of this regulation. The currently available building sealants are not very technologically advanced, and the new products would require labels and paperwork to demonstrate compliance, in addition to additional costs for outside tests. 5. Asia Pacific Holds the Largest Market Share in the Global Silicone Sealants Market The continued expansion of the building sectors, as well as the rising demand from the Asia Pacific’s thriving packaging sector, are projected to remain the main drivers of the market for silicon additives. In the region, China is expected to continue to hold the lead over the forecast period due to rising demand from end-user sectors, such as the packaging industry and the building & construction industry, and is predicted to see the quickest growth rate among others. Furthermore, during the anticipated period, the introduction of bio-based adhesives and sealants is predicted to present opportunities for market expansion. For More Information, refer to below link:- Global Thermoset Silicone Sealants Market Size Related Report India Coupling Agents & Compatibilizers Market Outlook to 2023 – By Application (Packaging & Plastics Industry, Automotives Industry, Adhesives & Sealants and Paints & Coatings, Rubber Industry, Energy Sector and Others) and by Coupling Agents (Maleic Anhydride Grafted Polymers, Silane Coupling Agents and Others) Follow Us LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: 3M Marine Grade Silicone Sealant Market Share, Acetic Silicone Sealant Manufacturers, Acetic Silicone Sealants Market, Acetoxy Silicone Sealant Manufacturers, Acetoxy Silicone Sealants Market, Africa Silicone Sealants Market, Amino Silicone Sealant Manufacturers, Amino Silicone Sealants Market, Asia Pacific Silicone Sealants Market, Automotive Silicone Sealants Market, BASF SE Sealants & Construction Adhesives Market, Construction Silicone Sealants Market, Emerging Companies in Silicone Sealants Industry, Europe Silicone Sealants Market, Glass Product Manufacturers Globally, Glass Silicone Sealants Market, Global Heat Cured Silicone Sealants Market, Global Pressure Sensitive Silicone Sealants Market, Global Radiation Cured Silicone Sealants Market, Global RTV Silicone Sealants Market, Global Silicone Adhesives Market, Global Silicone Glue Market, Global Silicone Sealants Demand, Global Silicone Sealants Industry, Global Silicone Sealants Manufacturers, Global Silicone Sealants Market, Global Silicone Sealants Market End Users, Global Thermoset Silicone Sealants Market, Global Thread Sealants Market Revenue, Key Competitors in Silicone Sealants market, Latin America Silicone Sealants Market, Leading Players in Silicone Sealants market, Major Companies in Silicone Sealants market, Middle East Silicone Sealants Market, North America Silicone Sealants Market, Oximinics Silicone Sealant Manufacturers, Oximinics Silicone Sealants Market, Room Temperature Vulcanizing Technology Providers, Sikasil General Purpose Silicone Sealant Market, Suppliers of Silicone Sealants Globally, Top Leading Companies in Silicone Sealants, Wood Furniture Silicone Sealants Market