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.

Statistic 1

"The silicone adhesives market was valued at USD 2.20 billion in 2018."

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Statistic 2

"The market is projected to reach USD 2.98 billion by 2024."

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Statistic 3

"The expected CAGR for the silicone adhesives industry between 2019-2024 is approximately 5.2%."

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Statistic 4

"Asia-Pacific dominates the market around the globe with the largest consumption in a country such as India, China, etc."

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Statistic 5

"The construction industry held a share of over 18% in terms of volume, in the global silicone adhesives market in 2018."

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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."

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Statistic 7

"Growing preference for silicone adhesives in various end-use industries such as Electronics, Medical, Construction, Transportation driving the market."

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Statistic 8

"Electronics was the largest end-use industry for these products in 2020, holding a share of over 29%."

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Statistic 9

"China dominated the Asia Pacific market and held the largest revenue share of over 47% in 2020."

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Statistic 10

"North America market is projected to expand at a CAGR of 3.5% from 2021 to 2028."

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Statistic 11

"The demand for the adhesives in the medical sector is expected to grow at a CAGR of 5% from 2021 to 2028."

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Statistic 12

"The non-reactive type held the largest share of over 72% in terms of revenue in 2020."

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Statistic 13

"The one component type is likely to be the fastest-growing segment from 2020 to 2027."

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Statistic 14

"The pressure-sensitive feature segment held the second-largest market share in 2020."

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Statistic 15

"The market for thermally conductive silicone adhesives is projected to register a CAGR of 3%- 5%, during the forecast period."

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Statistic 16

"2 Component held the largest market share of over 55% in 2018 and is anticipated to continue leading over the forecast period."

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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."

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Statistic 18

"The electronics industry's consumption in the one-component type of silicone adhesives will increase in the future."

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Statistic 19

"One-component silicone adhesive segment accounted for approximately 70% share of the global market in 2018."

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Statistic 20

"The Asia Pacific registered the highest growth rate during the forecast period 2019-2026."

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