Global Room-Temperature-Vulcanizing Silicone Market, By Product (Fluids, Gels, Resins, Elastomers), End-Use (Electronics, Transportation, Construction), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The room-temperature-vulcanizing silicone market will grow at a rate of 6.50% for the forecast period of 2021 to 2028. Rise in the demand for silicone in various end-user industries including construction, personal care, industrial process, and consumer goods act as a vital factor driving the growth of phenolic panel market.
RTV silicone is a type of silicone rubber that cures at room temperature. It is available as a one-component product, or mixed from two-components. Manufacturers provide it in a range of hardness from very soft to medium—usually from 15 to 40 Shore. RTV silicones can be cured with a catalyst consisting of either platinum or a tin compound such as dibutyltin dilaurate.
Rise in the demand for specialized products across end-use industries is the vital factor escalating the market growth, also rise in the intervention of government regulatory bodies across the value chain, rise in the application of silicone in textiles, paper, leather packaging, labels, and airbags, increase in the demand for technical textiles, on account of their use in a broad range of applications including chemical, manufacturing, and medical and rise in the demand for silicone as lubricants in offshore drilling, industrial coatings (paint additives) are the major factors among others driving the room-temperature-vulcanizing silicone market. Moreover, increase in the technological advancements and modernization in the production techniques and rise in the demand from emerging economies will further create new opportunities for the room-temperature-vulcanizing silicone market in the forecast period of 2021- 2028.
However, rise in the usage of other sealants such as epoxy and acrylic sealants for various applications is the major factor among others acting as restraints, and will further challenge the growth of room-temperature-vulcanizing silicone market in the forecast period mentioned above.
This room-temperature-vulcanizing silicone market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on the room-temperature-vulcanizing silicone market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Room-Temperature-Vulcanizing Silicone Market Scope and Market Size
The room-temperature-vulcanizing silicone market is segmented on the basis of product and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product, the room-temperature-vulcanizing silicone market is segmented into fluids, gels, resins and elastomers.
- The room-temperature-vulcanizing silicone market is also segmented on the basis of end-use into electronics, transportation and construction.
Room-Temperature-Vulcanizing Silicone Market Country Level Analysis
The room-temperature-vulcanizing silicone market is analysed and market size, volume information is provided by country, product and end-use as referenced above.
The countries covered in the room-temperature-vulcanizing silicone 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, Israel, Egypt, South Africa, 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 room-temperature-vulcanizing silicone market due to increase in the intervention of government regulatory bodies across the value chain, rise in the application of silicone in textiles, paper, leather packaging, labels, and airbags and increase in the demand for technical textiles, on account of their use in a broad range of applications including chemical, manufacturing, and medical in this region. Europe is the second largest region in terms of growth in room-temperature-vulcanizing silicone market due to increase in the funding from the EU coupled with the supportive measures undertaken by several governments in this region.
The country section of the room-temperature-vulcanizing silicone market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Room-Temperature-Vulcanizing Silicone Market Share Analysis
The room-temperature-vulcanizing silicone 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 room-temperature-vulcanizing silicone market.
The major players covered in the room-temperature-vulcanizing silicone market report are Dow, BASF SE, Eastman Chemical Company, Huntsman International LLC., Saint-Gobain, SABIC, Exxon Mobil Corporation., Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Momentive, GELEST, INC., KCC CORPORATION, Avantor, Inc., Elkem ASA, Specialty Silicone Products, Inc., KANEKA CORPORATION, Siltech Corporation and CSL Silicones Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.