Silicone Adhesives Market Industry Analysis, Size, Share, Trends, Revenue

“Silicone Adhesives Market”
Silicone Adhesives Market by Type (One-Component, Two-Component), Technology (PSA, Non-PSA) End-Use Industry (Building & Construction, Transportation, Medical, Electrical & Electronics)

The increase in demand for silicone adhesives in the end-use industries such as transportation, building & construction, and medical, and others is driving the silicone adhesives market. This has encouraged many companies in the silicone adhesives industry to adopt various development strategies.

Download FREE PDF Sample Report at

New product launches was the key strategy adopted by the industry players to penetrate the market and maintain a sustained growth in the market between 2016 and 2017. This strategy accounted for the largest share of all the strategies adopted by the market players. Some of the leading silicone adhesives manufacturers, such as 3M Company (US), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (US), Henkel AG & Company (Germany), Avery Dennison Corporation (US), and Dow Corning Corporation (US) adopted these strategies to develop their businesses, globally.

Besides new product launches, the companies have also adopted mergers & acquisitions and investments & expansions as their strategies to expand their market share and distribution network. These strategies accounted for a significant share of the overall growth strategies adopted by the players in the silicone adhesives market between 2014 and 2017.

Wacker Chemie AG (Germany) and Dow Corning Corporation (US) are the most important players of the silicone adhesives market. In the past two years, these companies have adopted new product launches as their growth strategy.

Wacker Chemie AG is a global specialty chemical company headquartered in Munich, Germany. The company is the world’s largest manufacturer of silanes and silicones. The company has its production sites in more than 25 locations in Europe, Asia, and America. In April 2016, Wacker launched a new product range of gels including SILPURAN 2114, 2122, and 2142 at the SAWC Show 2016. These gels are designed to produce adhesive layers which are used in wound dressing and tape products. This launch is expected to increase the company’s foothold in the healthcare industry.

Dow Corning Corporation is a subsidiary of Dow Chemical Company (US). The company manufactures and distributes silicones and silicone-based products and technology. The company offers more than 7,000 products and services which serve the diverse needs of more than 25,000 customers worldwide. In February 2016, the company launched a new range of silicone skin adhesives at MD&M West. These adhesives provide strong, comfortable adhesion to medical devices over extended periods without sensitizing the skin. Such developments are expected to increase the company’s revenue from healthcare industry.

The market size of silicone adhesives is estimated at USD 2.18 billion in 2017 and is projected to reach USD 2.95 billion by 2022, at a CAGR of 6.24% from 2017 to 2022.

Asia Pacific is estimated to be the largest and fastest-growing market for silicone adhesives, in terms of both value and volume, and is expected to retain its leadership until 2022. The countries in this region, such as China, South Korea, India, Indonesia, and Taiwan, are witnessing an increase in the use of silicone adhesives in the transportation, building & construction, and medical industries. This growth is mainly backed by increasing industrialization; large industrial base of the construction, automobile, and medical industries; and increasing investment & expansions, mergers & acquisitions, new product launches, and joint ventures in the region.

The medical industry is projected to register the highest CAGR between 2017 and 2022, in terms of value. Asia Pacific houses the largest medical industry, in terms of both value and volume. This market is driven by several factors, including the rising incidences of wound infections and the increasing awareness regarding the advanced technologies in the market. Government initiatives in the form of grants & funds and technological advancements in medical procedures owing to which new and innovative products are being launched are the other major driving factors for the market. These activities have fueled the need for silicone adhesives in the medical industry.

3M Company (US), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (US), Henkel AG & Company (Germany), Avery Dennison Corporation (US), and Dow Corning Corporation (US) are the key players in the global silicone adhesives market. The market players are expected to undertake organic growth strategies, such as regional expansion, joint venture, and new product developments, to expand their overall business and tap the fast-growing regions. Many companies are also engaged in developing innovative products as well as enhancing their presence in the emerging markets.

Apart from this, the major companies are striving to strengthen their R&D facilities to provide cost-effective products. These products are manufactured adhering to the regulations set by associations and governments. All such developments are expected to lead to a sustainable growth of the players in the silicone adhesives in the coming years.

Read more context at

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States