RTV Silicone Market

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RTV Silicone Market Size Worth USD 1.61 Billion
by 2028
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Market Size USD 1.17 Billion in 2020, Market
Growth at a CAGR of 4.0, Market Trend
Advancements in automotive industry.


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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
The global RTV silicone market is expected to
reach a market size of USD 1.61 Billion by 2028
at a steady CAGR, according to latest analysis by
Emergen Research. 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. It has many properties that other
craft adhesives do not for instance, maximum
craft adhesives are water- based and tend to
shrink after drying while RTV silicone maintains
its shape and translucency as it dries. In the
construction industry, RTV silicone is used
mainly as sealant, especially in construction
applications in bathrooms and kitchens.
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Market Summary
Further 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. Key players
operating in the market are 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. Request Free Sample
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Market Summary
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 20202028) RTV-1 RTV-2 End-use Outlook
(Revenue USD Billion 20202028) Construction
Industry Electrical Electronics
Industry Automotive Industry Aerospace
Industry Others Marketing Channel Outlook
(Revenue USD Billion 20202028) Online Offline
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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