High-Temperature Sealant Market : A Strong Growth Outlook from 2023 to 2035
Research Nester assesses the growth and market size of the global high-temperature sealant market which is anticipated to be on account of the growing demand for agriculture tractors.
Research Nester’s recent market research analysis on “High-Temperature Sealant Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global high-temperature sealant market in terms of market segmentation by chemistry, application, and by region.
Growing Production and Manufacturing of Automobiles to Promote Global Market Share of High-Temperature Sealant
The global high-temperature sealant market is estimated to grow majorly on account of the increased production and demand for automobiles worldwide. Considering their sustainability for hot engines, high-temperature silicones are widely used in automobiles. As per European Automobile Manufacturer Association, 79.1 million cars were produced all over the world in 2021 which is an increase of 1.3% from the previous year. As per the reports, the sale of retail vehicles grew by 14% to 1.82 million units in January 2023.
Moreover, additional factors that are considered to boost the growth of the high-temperature sealant market is the increasing demand for high-temperature sealants in pharmaceuticals, industrial, and chemical industries. High-temperature sealant can be used as a gasket dressing to raise the lifespan of the conventional gasket and is used in the removal during routine maintenance. These are thick, fibrous pastes that are thermally reactive and grow upon curing to fill large gaps. However, they may seal steam, hydrocarbons, gases, and other process liquids that are normally discovered in power plants pulp, mines, and paper mills.
Some of the major growth factors and challenges that are associated with the growth of the global high-temperature sealant market are:
Growth Drivers
- The surge in the Construction Activities
- Rising Manufacturing of Medical Devices
Challenges:
To make sealant fluids workable, volatile organic compounds are significantly used in the manufacturing process. These sealants applications provide large amounts of volatile organic compounds that contribute to ozone depletion. Many regions have provided regulations on the use of VOCs. This is anticipated to limit the market growth in the long run. Also, the growing cost of raw materials required for sealant production is another factor expected to hamper the market in the upcoming times. These are some of the major factors anticipated to hamper the global market size of high-temperature sealants.
By Chemistry, the global high-temperature sealant market is segmented into epoxy, silicone, and others. The silicone segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. excellent temperature silicone adhesives and sealants’ excellent efficiency are mostly to blame for the segment’s expansion. Age, shock, vibration, and temperatures as high as 600 degrees Fahrenheit are all things that high-temperature silicone sealants can withstand. Compared to those other adhesives, silicone is more resistant to chemicals, moisture, and weathering. Additionally, it keeps its elasticity and stability at both hot and low temperatures. They were created specifically to enclose and seal heating elements and industrial seals. Although it resembles a gel and behaves like one, silicone sealant is a liquid adhesive. Additionally, it is produced using a different kind of chemical composition than other, more organic polymer-based adhesives.
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By region, the Asia Pacific high-temperature sealant market is to generate the highest revenue by the end of 2035. This growth is anticipated by increasing production of semiconductors in the region. By the end of 2024, China is likely to have built 31 new chip plants, outpacing Taiwan’s 19 and the United States. Taiwan, South Korea, Japan, and Mainland China held 72% of global semiconductor sales in 2020 with prior production locations such as the United States and Japan focused on more profitable design segments. High-temperature sealing performance is required for semiconductor fabrication processes. There can be significant performance differences even among the perfluoro elastomers, the most complex class of rubber compounds. On the other hand, the region’s growing demand for smartphones is anticipated to fuel market expansion there. As per a report, the Asia Pacific region, adoption rate of smartphones reached 74% in 2021 and is predicted to increase to 84% by 2025.
This report also provides the existing competitive scenario of some of the key players of the global high-temperature sealant market which includes company profiling of Hylomar Ltd., CSL Silicones Inc., NUCO Logistics Inc., Sashco, Inc., Mcgill Airseal LLC, 3M, Momentive Performance Materials Inc., H.B. Fuller Company, Sika AG, and Agility PR Solutions LLC.
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