GITNUX MARKETDATA REPORT 2024
Silicone Adhesives Industry Statistics
The silicone adhesives industry is expected to experience steady growth driven by increasing demand in construction, electronics, automotive, and healthcare sectors.
In this post, we will explore key statistics and trends in the silicone adhesives industry, shedding light on its market value, projected growth, dominant regions, end-use industries, and emerging segments. From the market valuation in 2018 to the anticipated expansion until 2028, we will delve into the precise figures and insights driving this dynamic sector forward.
Statistic 1
"The silicone adhesives market was valued at USD 2.20 billion in 2018."
Statistic 2
"The market is projected to reach USD 2.98 billion by 2024."
Statistic 3
"The expected CAGR for the silicone adhesives industry between 2019-2024 is approximately 5.2%."
Statistic 4
"Asia-Pacific dominates the market around the globe with the largest consumption in a country such as India, China, etc."
Statistic 5
"The construction industry held a share of over 18% in terms of volume, in the global silicone adhesives market in 2018."
Statistic 6
"The global silicone adhesives market size was valued at USD 2.3 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4% from 2021 to 2028."
Statistic 7
"Growing preference for silicone adhesives in various end-use industries such as Electronics, Medical, Construction, Transportation driving the market."
Statistic 8
"Electronics was the largest end-use industry for these products in 2020, holding a share of over 29%."
Statistic 9
"China dominated the Asia Pacific market and held the largest revenue share of over 47% in 2020."
Statistic 10
"North America market is projected to expand at a CAGR of 3.5% from 2021 to 2028."
Statistic 11
"The demand for the adhesives in the medical sector is expected to grow at a CAGR of 5% from 2021 to 2028."
Statistic 12
"The non-reactive type held the largest share of over 72% in terms of revenue in 2020."
Statistic 13
"The one component type is likely to be the fastest-growing segment from 2020 to 2027."
Statistic 14
"The pressure-sensitive feature segment held the second-largest market share in 2020."
Statistic 15
"The market for thermally conductive silicone adhesives is projected to register a CAGR of 3%- 5%, during the forecast period."
Statistic 16
"2 Component held the largest market share of over 55% in 2018 and is anticipated to continue leading over the forecast period."
Statistic 17
"Leading companies operating in the silicone adhesives market are Dow Inc., Bostik, 3M, H.B. Fuller, Henkel AG & Co., Wacker Chemie, and Shin-Etsu Chemicals."
Statistic 18
"The electronics industry's consumption in the one-component type of silicone adhesives will increase in the future."
Statistic 19
"One-component silicone adhesive segment accounted for approximately 70% share of the global market in 2018."
Statistic 20
"The Asia Pacific registered the highest growth rate during the forecast period 2019-2026."
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