Latest Happenings in Business World
09
Aug-2019
Silicone Adhesives market is fast developing due to the demand from the end-use industries mainly the medical industry. The global market is expected to reach a total of 3.15 billion by the end of the forecast period.
Introduction:
Adhesives and sealants have been known for centuries. They are mainly used to join two different substrates. The development of chemical and polymer technology has taken adhesives and sealants to the next level of industrial solutions. The unique chemical structure of silicone provides excellent adhesion to other materials. Silicone bonds withstand high loads and pressures and are stable in extreme temperature conditions. Due to their versatility, silicone adhesives and sealants provide reliable and long-lasting adhesion to a variety of substrates, from glass to metals and plastics. Silicone adhesives and sealants offer unprecedented flexibility, extreme temperature resistance, durability, outstanding performance and are suitable for a variety of applications in the electronics, aerospace, construction, automotive and healthcare industries.
There are several types of silicone sealants and adhesives available on the Silicone Adhesives Market, for example, one-part adhesives, two components, and UV cured, which differ in their operation and advantages. One-part adhesives are more convenient because they do not require mixing and can cure at normal temperatures although two-component adhesives must be mixed and can cure in thicker parts than one component adhesives. UV cured adhesives are cured with an electron beam without excessive heat generation. Silicones have unique properties over other adhesives, such as temperature stability at high temperatures and elasticity at low temperatures. In addition, silicone is moisture resistant and chemically inert, which makes silicone adhesives and sealants suitable for many industrial applications.
Technological developments:
Engineers based in the USA. UU., Inspired by the microstructures of a gecko notebook, have created a directional adhesive with a handle that is 100 times larger in one direction than in the opposite direction. Stanford University researchers believe that this invention can provide artificial microstructures with advanced properties and help close the performance gap between synthetic and natural materials.
Avantor, a provider of biological science materials, will present its latest technologies at MD&M West in February 2019, including its NuSil silicone adhesives.
Market dynamics of silicone adhesives:
The increasing use of UV curing technology and thermosets in product manufacturing is expected to increase production speed, improve scratch resistance and provide superior adhesion, which is considered the most important growth engine for the global silicone adhesives and sealants market in the industry The EU is expected to forecast the period. In addition, the growing demand for adhesives in the construction industry due to its different physical and chemical properties compared to other sealants, including polysulfide, acrylic, and polyurethane, is expected to feed the demand for silicone adhesives and sealants and therefore, the worldwide Silicone Adhesives and sealants market. The sealer is driving.
Geographical Analysis:
The Asia-Pacific region has an important Silicone Adhesives Market share due to the growing demand for the product in buildings and construction, medicine, transportation, and other areas. The medical segment is the largest contributor and is expected to maintain its dominant position due to the increasing consumption of adhesives in various applications such as tapes, dressings, ostomy pouches, curtains, catheters, and others. Therefore, countries such as China, Japan, South Korea, and India are the main players in this Silicone Adhesives Market.
The North American region is growing significantly as a result of the growing demand for silicone adhesives in the automotive, construction, and other industries. Increasing investment in end-user industries is likely to boost the market over the forecast period. The increasing consumption of sealants in end-use applications has driven growth in countries like the US. The US, Canada, and Mexico are experiencing surprising market growth as they offer unique flexibility, long life, and high standard product performance.
The European market has seen remarkable growth in recent years. It is predicted that the market will grow faster over the forecast period due to the growing innovation and technological advances in the manufacture of water-based adhesives over solvent-based materials in the end-use industry. It is driven by these changes in construction and in buildings, healthcare, transportation, and other areas. In addition, increasing mergers and acquisitions of leading companies are aimed at boosting the market in the UK, Italy, Germany, and France during the evaluation period.
The Middle East and Africa region are expected to see significant market growth due to the increasing use of adhesives in the end-use industry. In addition, Latin America is expected to see stronger market growth due to the growing demand for silicone adhesives in buildings, construction, medicine, transportation, electricity, and electronics, as well as other areas.
Notable developments in the silicone adhesive market:
June 2018: Momentive Performance Materials Inc. has launched a pressure-sensitive adhesive. The newly developed adhesive is mainly used in special cover and assembly tapes used in segments of the electronics and industrial markets.
WRITTEN BY: Karthik Thelakula
Karthik Thelakula is a Content Writer in Market Data Forecast, one of the world’s leading research and consulting for various business domains, individuals and corporate clients