Global High-Temperature Sealants Market Research and Forecast, 2022-2028

Global High-Temperature Sealants Market Research By Chemical Composition (Silicone, Epoxy, and Other), By Application (Industrial Applications, Automotive Applications, Construction Applications, and Electrical & Electronics Applications) Forecast 2022-2028

The global high-temperature sealants market is growing at a CAGR of 4.2% during the forecast period. The notable growth in the adoption of consumer appliances is one of the prime factors affecting and driving the market. Additionally, increasing urbanization leads to benefit the construction industry, and growing per capita disposable incomes, are also estimated to be the prime factors that are contributing significantly towards the growth of the market. However, the presence of substitutes and constant changes made in prices related to raw materials are major factors constraints that are hindering the growth of the global high-temperature sealants market.

Moreover, emerging markets in developing countries owing to industrialization are the key factors that are creating opportunities in the market. New launches in the market are likely to drive the growth of the global high-temperature sealants market. For instance, in February 2020, Henkel Adhesives Technologies India Pvt. Ltd. had notified the opening of its new production facility that will be situated near Pune at kurkumbh for performing domestic demand. This production facility will enable the company for offering solutions in sealants and surface treatment products along with adhesives. Through the presence of a 51,000 square meters area, the company is looking forward in improving its capabilities in order to serve customers across the various market that including Automotive, construction, agriculture, and metals among others.

Impact of COVID-19 Pandemic on the Global High-Temperature Sealants Market

The COVID-19 pandemic had adversely affected the growth of the global high-temperature sealants market. Due to the COVID-19 pandemic, various industries were shuttered across the globe, and the decrease in demand for the automotive sector had also affected the high-temperature sealants market. For instance, in March 2020, passenger vehicle sales have dropped by 51% along with commercial vehicles declined by 88% as per the Society of India Automobile Manufacturers (SIAM) which had led to a decline in the industry of automotive that had adversely impacted the market of high-temperature sealants.

Segmental Outlook

The market is segmented based on chemical composition and application. By chemical composition, the market is segmented into silicone, epoxy, and other. Further, based on the application segment, the market is segmented into industrial applications, automotive applications, construction applications, and electrical & electronics applications.

Global High-Temperature Sealants Market Share by Application, 2020 (%)

Global High-Temperature Sealants Market Share by Application

Based on application, electrical & electronics applications holds a significant share in the market. In the electrical & electronics application, the high-temperature sealants support in joining electrical components that enable maintaining bondage at high temperature and prevents shocks along with vibrations. Additionally, these can be used in printed circuit boards, semi-conductors bonding, high power resistors, microelectronic substrates, pyrolytically deposited films, electrical connectors among others. Increasing disposable income, day-to-day usage, and the necessity of products that are related to electrical & electronics are certain factors that are affecting and driving the growth of this segment.

Regional Outlooks

Global high-temperature sealants market was analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is bifurcated into North America, Europe, Asia Pacific, and the Rest of the World. North America is estimated to be one of the growing regions in the global high-temperature sealants market. Some factors that are boosting the market growth in North America are the presence of numerous applications of high-temperature sealants along with the existence of a large number of players in the region.

Global High-Temperature Sealants Market, by Region 2022-2028

Global High-Temperature Sealants Market, by Region

Asia-Pacific will have considerable growth in the Global High-Temperature Sealants Market

Asia-Pacific is considered to be an opportunistic and most emerging market due to the significant improvement in high-temperature sealants usage. Infrastructure development along with rapid industrialization has been the prime factor affecting the growth and development of the high-temperature sealants market in the Asia-Pacific region. For instance, China is considered as one of the leading producers of electrical & electronics had published Made in China 2025 policy that is meant for the purpose of accomplishing to increase production self-sufficiency in integrated circuits to 40% in 2020 along with 70% by 2025. Additionally, rising disposable income is also expected to drive the market in the region.

Market Players Outlook

Key players of the global high-temperature sealants market are 3M, DOW, Henkel Adhesives Technologies India Pvt. Ltd., PPG Industries, Inc., Sika AG. To survive in the market, these players adopt different marketing strategies such as product launches and mergers and acquisitions. For instance, in March 2021, Dow had highlighted three thermal management materials for the 5G ecosystem at productronica China 2021 that supports assembly efficiency and environmental sustainability. These are considered advanced silicones that are DOWSIL TC-5550, DOWSIL TC-3065, and DOWSIL TC-4083. The DOWSIL TC-5550 is considered a highly reliable thermal grease that is made for processors which are high performing in order to deliver stability and the DOWSIL TC- 4083 dispensable thermal pad is used for filling the gaps on printed circuit boards that contain powerful chips which generate more heat. Additionally, DOWSIL TC-3065 thermal gel is utilized to restore fabricated thermal pads in the application of high-speed optical transceivers.

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
  
• Annualized market revenues ($ million) for each market segment.
  
• Country-wise analysis of major geographical regions.
  
• Key companies operating in the global high-temperature sealants market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  
• Analysis of market-entry and market expansion strategies.
  
• Competitive strategies by identifying ‘who-stands-where’ in the market.