Global High Temperature Sealant Market – Industry Trends and Forecast to 2029

Global High Temperature Sealant Market, By Chemistry (Silicone, Epoxy, Others), Application (Electrical and Electronics, Industrial, Automotive, Transportation, Construction, Others) – Industry Trends and Forecast to 2029

High Temperature Sealant Market Analysis and Size

The global high temperature sealant market is expected to witness significant growth during the forecast period. The major applications of these high temperature sealants encompasses sealing of stoves, chimney, fireplaces, heat chambers, boilers and thermostat oven.  High temperature sealant market is expected to grow during the forecast period due to the growing demand from the electrical and electronics because of its extensive range of applications are expected to drive the market growth. The “silicone” is the fastest growing chemistry segment due to their extreme temperature, chemical resistance, and excellent electrical properties over the forecast period.

Data Bridge Market Research analyses that the high temperature sealant market is expected to undergo a CAGR of 4.65% during the forecast period. This indicates that the market value, which was USD 3.40 billion in 2021, would rocket up to USD 4.89 billion by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

High temperature adhesive and sealant is a silicate-based material for use where a high temperature resistant seal or adhesive bond is required. The product dries to a hard, cement like material with good adhesion to many surfaces. High temperature sealants are extensively used where high temperature seal or adhesive bond is required. They provide superior adhesion to several surfaces and resistance to thermal shock.

High Temperature Sealant Market Dynamics

Drivers

• Growing demand of high temperature sealant in electronic devices

Growing demand of electronic devices are expected to drive the growth rate of the high temperature sealant market. High temperature sealants are widely used in microelectronic substrates, electrical connectors, high power resistors, printed circuit boards, semiconductor bonding, pyrolytically deposited films, ceramic filled cartridge heaters, and others applications.

• Rise in demand due to their qualities

High temperature sealant is a high-performance sealant material which has designed especially for extremely high temperature applications. It provides a weather-resistant seal, long-lasting with durability and flexibility. It adheres to most common building materials and remains flexible in an extensive range of substrates and temperatures.

Furthermore, growing automobile invention, rising usage of electric components in vehicles, excessive temperature resistance properties, growing disposable income and increasing demand of consumer electronics are some of the major factors which are expected to drive the growth rate of the high temperature sealant market.

Opportunities

• Growing demand of high temperature sealant in automotive sector

High temperature sealants are extensively used in automobiles because it is perfect for a hot engine, binding objects, such as thermostat housing, valve covers and fuel pumps. According to the industrial analysis, the automotive industry is expected to grow to under nine trillion US dollars by 2030 globally. The new vehicle sales will account for approx. 38% of this value. Hence, the growing automotive sector will create beneficial opportunities for the growth of the high temperature sealants market.’

Furthermore, growth of sealant with adhesive properties and increasing demand of high temperature sealants from emerging economies will further increase the several new opportunities for the market to grow during the forecast period.

Restraints/Challenges

• Environmental regulation over VOC emissions

Volatile Organic Compound is mainly used to manufacture sealants, making them fluid and workable. Once the sealant is applied on the object, it hardens by the evaporation of the VOC. Applying these sealants releases a significant amount of volatile organic compounds (VOCs) into the environment, contributing to ozone depletion. Many countries have imposed laws that restrict the use of VOCs.. So, the government stringent environmental regulations for the use of high temperature sealant will hamper the growth of the high temperature sealant market during the forecast period.

This high temperature sealant market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the high temperature sealant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on High Temperature Sealant Market

The outbreak of COVID-19 pandemic had an adverse impact on the global economy which also affected the growth of the high temperature sealant market worldwide. It also posed unprecedented challenges on the production, sales and demand of high temperature sealant considering the delayed activities across the electronics, automotive and other sectors. With regards to this, beginning of unfavourable situations which includes the scarcity of labour and raw materials that is caused by the imposition of the social distancing and lockdown norms.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In December 2021, Sika Ag has strategic to increase its sealants and adhesive production with an opening of technology center in India. This center focuses on the manufacture of high-quality sealants and adhesive for transportation and construction applications.

Global High Temperature Sealant Market Scope

The high temperature sealant market is segmented on the basis of chemistry and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Chemistry

• Silicone
• Epoxy
• Others

 Application

• Electrical and Electronics
• Industrial
• Automotive
• Transportation
• Construction
• Others

High Temperature Sealant Market Regional Analysis/Insights

The high temperature sealant market is analysed and market size insights and trends are provided by country, chemistry and application as referenced above.

The countries covered in the high temperature sealant market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the high temperature sealant market due to increasing investments in construction activities, growing electrical and electronics industry and rising production of automobiles in this region.

North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to growing applications in this region's electrical and electronics industry .

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and High Temperature Sealant Market Share Analysis

The high temperature sealant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to high temperature sealant market.

Some of the major players operating in the high temperature sealant market are:

• Hylomar LLC (U.K.)
• CSL Silicones Inc. (Canada)
• NUCO Inc. (Canada)
• Sashco, Inc. (U.S.)
• Mcgill Airseal LLC (U.S.)
• Dow (U.S.)
• 3M (U.S.)
• Momentive (U.S.)
• H.B. Fuller (U.S.)
• Henkel AG & Co. KgaA (Germany)
• Sika AG (Switzerland)
• Bostik (France)
• Wacker Chemie AG (Germany)
• Pidilite Industries Ltd. (India)
• MAPEI S.p.A. (Italy)
• PPG Industries (U.S.)
• CSW Industrials, Inc. (U.S)
• llinois Tool Works Inc (U.S.)
• Soudal Group (Belgium)
• Arkema (France)