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Silicone Sealants Market Size 2019:2025, Industry Outlook, Analysis, Application, Competitive share, 3M, H.B. Fuller, Shin-Etsu Silicones, Bostik
Silicone Sealants Market
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Construction sector represents the dominant segment for silicone sealants demand. Increasing in construction spending over the last few years particularly in Asia Pacific and MEA is likely to drive silicone sealants market growth over the forecast period. Countries such as China, India, Indonesia, Saudi Arabia and UAE have witnessed an increase in investments and government sanctions to construct residential and commercial buildings.
The global silicone sealants market share is moderately consolidated with companies competing on the bases of product differentiation and prices. Key companies operating in this market include BASF, DuPont and Henkel. Other prominent companies include Dow Corning, RPM International, 3M Company, H.B. Fuller, Shin-Etsu Silicones, Bostik, Wacker Group and Sika Group.
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Europe is likely to witness below average gains over the forecast period. This region is expected to witness an increase in demand owing to growth observed in end-use industries such as food & beverages and cosmetics particularly in Germany, France and UK silicone sealants market. This end-use industry growth is expected to boost packaging applications in the region.
MEA silicone sealants market is likely to witness significant gains over the forecast period owing to increase in construction spending in countries such as Saudi Arabia, UAE, Qatar and Bahrain.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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