Rapid Unit Sales Of Silicone Adhesives Market To Generate Incremental Revenues In Global Market

Although Fact. MR's growth predictions are still optimistic, the COVID-19 crisis-related restrictions may provide difficulties for the silicone adhesives business. The threat posed by the pandemic's impact on construction industry sales slowing down will persist.

On the other hand, increased manufacturing of electronic cars in China, Europe, and the US will support growth despite the crisis. Additionally, the survey recognised Asia Pacific as a significant market for silicon adhesives. Although a major end-user of silicone adhesives is the automotive industry, particularly for use in electric vehicles (EVs) that must be lightweight, the use of silicone adhesives in the medical industry is anticipated to grow significantly in the coming years.

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Key Takeaways from Silicone Adhesives Market Study:

• Demand for one-component adhesives is expected to surge considerably over the forecast period.
• Medical grade silicone adhesives sales will continue surging over the assessment period. Demand in the automotive sector is forecast to rise over the coming years.
• Pressure sensitive adhesives will gain traction in the electrical and electronics industry.
• East Asia will exhibit high demand. Demand in the automotive sector will rise as sales recover in China.

"Demand for silicone adhesives is expected to rise in the aerospace, construction, and automotive sectors. Their rising use in manufacturing processes will continue aiding expansion of the market through the forecast period. While sales have been disrupted due to slowdown in the aerospace and automotive sectors amid COVID-19, the market is likely to recover from 2021 onwards," said a lead analyst at Fact MR

Competitive Landscape:

The silicone adhesives market is partially consolidated in nature. Companies operating here are largely focusing on product innovation to offer exceptional performance in silicone adhesives.
For instance, H.B. Fuller added Advantra Warrior™ to its portfolio. The manufacturer touts this hot melt adhesive line to be versatile. Especially because of its unique polymer technology, it exhibits unparalleled resistance to extreme temperature. The company intended to offer Advantra Warrior™ as an ideal solution for the packaging sector.

Dow also introduced a silicone adhesive solution called DOWSIL™ EA-4700 CV. This adhesive has the ability of curing in room temperature, and at an impressive speed. These adhesives are innovated to offer excellent adhesion to plastics and metals used in electronics assembly.

Key Segment: Silicone Adhesives Market

• By Type :
o One-component
o Two-component

• By Technology :
o PSA
o Non-PSA

• By End User :
o Construction
o Automotive & Transportation
o Medical
o Electrical & Electronics
o Others

• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia
o OceaniaMiddle East & Africa (MEA)

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Report Benefits & Key Questions Answered:
• One-component Silicone Adhesives Company & brand share analysis: The report offers brand-share analysis on One-component Silicone Adhesives market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
• One-component Silicone Adhesives Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
• One-component Silicone Adhesives Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
• One-component Silicone Adhesives Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
• One-component Silicone Adhesives Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
• Post COVID consumer spending on One-component Silicone Adhesives: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on One-component Silicone Adhesives sales.

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This release was published on openPR.