SILICONE SEALANTS MARKET ANALYSIS

Regional Analysis

Market Outlook 

Asia Pacific is expected to be the largest, and fastest growing market owing to rising demand from end use industries in the region such as automotive, construction, and electronics among others. Rapid industrialization, rising gross domestic product, growing disposable income and purchase parity in emerging economies such as India and China is expected to complement growth of the silicone sealants market in the region. Industrial economies such as Thailand, Japan, South Korea, India, China, Taiwan, and Singapore are also located in the Asia Pacific region which is projected to propel the region’s market share. North America is estimated to be the second highest market for silicone sealants on account of demand from the automotive, and construction and architecture industries. Owing to recovery from the economic crisis in Europe, the regional market is expected to experience gradual growth over the forecast period.