Global Automotive Silicone Sealant Market: Overview
Automotive silicone sealant is a high temperature sealant used for automotive applications such as automotive gaskets and engine & drivetrain parts. Automotive silicone sealant offers fast curing, excellent oil and chemical resistance properties, and can resist moisture, UV, and high temperatures.
Global Automotive Silicone Sealant Market: Key Segments
The global automotive silicone sealant market is segmented into component, product, technology, modulus, curing, and region. Based on component, the automotive silicone sealant market is bifurcated into one-component and two-component. One-component expected to be a leading component segment of the automotive silicone sealant market during the forecast period. In terms of product, the global automotive silicone sealant market is categorized into free flowing, cure-in-place gaskets, elastomeric silicone rubber, and lubrication greases. Based on technology, the automotive silicone sealant market is classified into pressure sensitive, room temperature vulcanizing, radiation curing, and thermo set or heat curing. In terms of modulus, the automotive silicone sealant market is bifurcated into high modulus silicon sealants and low modulus silicon sealants. Based on curing, the automotive silicone sealant market is segmented into acetoxy, oxime, alkoxy, and others. The acetoxy curing segment dominates the automotive silicone sealant market due to rise in its usage in glass insulation.
Global Automotive Silicone Sealant Market: Drivers & Restrains
Rise in demand for automotive weight cut-off to improve fuel efficiency and reduce carbon dioxide emission propels demand for silicone sealants. Increase in its popularity is attributed to high performance adhesion solution in vehicles, which helps reduce the overall weight, thereby reducing fuel consumption. These sealants offer maximum driving comfort by preventing noise, vibration, and harshness (NHV). Sealants offer durability to gaskets and increase vehicle performance by providing strong bonding seals for components. These factors are expected to drive the automotive silicone sealant market during the forecast period. Dow Corning Corporation’s product line HM-2510 assembly sealant offers fast curing, quick adhesion and high air pressure leak control in lighting systems of vehicles by minimizing production cycle time. High product cost as well as volatility in silicon prices are some factors which are likely to restrain the market during the forecast period. However, surge in demand for silicone sealants in various others applications such as construction and industrial is expected to provide lucrative opportunity in the near future.
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Global Automotive Silicone Sealant Market: Regional Outlook
In terms of geography, the global automotive silicone sealant market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific dominates the automotive silicone sealant market due to significant expansion of the automotive industry in the region. China holds a large share of the automotive silicone sealant market in Asia Pacific in terms of consumption. Emerging economies in Asia Pacific such as Thailand, India, and Vietnam are likely to create lucrative opportunities for automotive silicone sealant manufacturers in the near future, due to the rise in production of automobiles and rapid industrialization. North America and Europe are mature regions. Increase in demand for silicone sealants for extreme temperature conditions by OEMs is expected to drive demand for automotive silicone sealant in North America and Europe. The automotive silicone sealant market in countries in Latin America such as Mexico and in Middle East & Africa such as GCC Countries and South Africa is anticipated to expand significantly due to surge in production capacity expansions by various automakers in these regions.
Global Automotive Silicone Sealant Market: Key Players
Key players operating in the automotive silicone sealant market are Wacker Chemie AG Dow Corning Corporation, Momentive Performance Materials, Shin-Etsu Chemical Co., Ltd, and ACC Silicone Europe.
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