RTV Silicone Market Growth, Global Survey, Analysis, Share, Company Profiles and Forecast by 2028

Rising demand for RTV silicone from various end-use segments such automotive, aerospace, and electronics is driving revenue growth of the global RTV silicone market
Market Size – USD 1.17 Billion in 2020, Market Growth – at a CAGR of 4.0%, Market Trend

The Global RTV Silicone Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.

Increasing demand for electric vehicles, innovation in electronic components, and rising demand for medical devices are some other key factors propelling revenue growth of the global RTV silicone market. RTV silicone has physical properties such as high water resistance, temperature resistance, and chemical resistance. Due to these properties, demand for RTV silicone in various end-use industries has been rising significantly in the recent past. It is also widely used in casting of plaster, resins, and low melt metal alloys. RTV silicones are currently being used in 3D printing as well, and can also be used in various craft projects such as creating models, stencils, and sculptures. It is non-toxic and does not have any strong odor.

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 Key Findings from the Report Suggest:

  • In February 2018, Henkel introduced Loctite SI 5930 FIT, which is an RTV silicone rubber adhesive used for in-tire bonding applications. This product offers adhesion properties on all common tire rubbers used in the automotive industry.
  • The construction segment in the global RTV silicone market is expected to register a revenue CAGR of 4.7% during forecast period. Rapid construction activities in developing economies is resulting in increasing demand for RTV silicone.
  • The market in Europe accounted for a 23.5% revenue share in 2020, driven by growing expansion of electronics and automotive sectors in countries in this region.

The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.

Key companies operating in the RTV Silicone market include:

Elkem ASA, Acrabond Adhesives Private Limited, KCC Corporation, American Sealants, Inc, Anabond, Avantor, Inc., CHT Group, H.B. Fuller, Henkel AG Co. KGaA, and Illinois Tool Works Inc.

For the purpose of this report, Emergen Research has segmented the global RTV silicone market based on type, end-use, marketing channel, and region as follows:

Type Outlook (Revenue: USD Billion; 2020–2028)

  • RTV-1
  • RTV-2

End-use Outlook (Revenue: USD Billion; 2020–2028)

  • Construction Industry
  • Electrical Electronics Industry
  • Automotive Industry
  • Aerospace Industry
  • Others

Marketing Channel Outlook (Revenue: USD Billion; 2020–2028)

  • Online
  • Offline

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Regional Analysis:

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

Key regions in the market include:

  • North America
    • S.
    • Canada
  • Europe
    • K.
    • Italy
    • Germany
    • France
    • Rest of EU
  • Asia Pacific
    • India
    • Japan
    • China
    • South Korea
    • Australia
    • Rest of APAC
  • Latin America
    • Chile
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East Africa
    • Saudi Arabia
    • A.E.
    • South Africa
    • Rest of MEA

Key Questions Addressed in the Report:

  • Who are the leading players in the RTV Silicone industry?
  • Which region is expected to dominate the market in the coming years?
  • What are the key applications of RTV Silicone?
  • Which segment is expected to garner traction during the coming years?
  • What are the key strategies adopted by leading players in the market?

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Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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