Room Temperature Vulcanized (RTV) Silicone Market Size And Forecast | Elkem ASA, Acrabond Adhesives Private Limited, KCC Corporation
The global Room Temperature Vulcanized (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 Room Temperature Vulcanized (RTV) Silicone market. Room Temperature Vulcanized (RTV) Silicone has physical properties such as high water resistance, temperature resistance, and chemical resistance. Due to these properties, demand for Room Temperature Vulcanized (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.
This report also includes an exhaustive analysis of their product profiles to explore the products and applications their operations are concentrated on in the global Room Temperature Vulcanized (RTV) Silicone market. Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer. It also offers valuable recommendations for new as well as established players of the global Room Temperature Vulcanized (RTV) Silicone market. It also provides beneficial insights for both new as well as established players of the global market. The competitive landscape is broadly evaluated alongside the company profiles of key players engaged in the global market. The report offers a detailed statistical evaluation and accurate market data, viz., market share, CAGR, gross margin, revenue, consumption, production, and sales.
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Further Key Findings from the Report Suggest:
- In February 2018, Henkel introduced Loctite SI 5930 FIT, which is an Room Temperature Vulcanized (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 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 Room Temperature Vulcanized (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.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the market expected to boost the growth of the industry in the coming years.
For the purpose of this report, Emergen Research has segmented the global Room Temperature Vulcanized (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
Regional Analysis:
The report sheds light on the region expected to dominate the Room Temperature Vulcanized (RTV) Silicone market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Room Temperature Vulcanized (RTV) Silicone market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.
Key Questions Answered in the Report:
What is the growth rate of the Room Temperature Vulcanized (RTV) Silicone market? What is the anticipated market valuation of Room Temperature Vulcanized (RTV) Silicone industry by 2027?
What are the key growth driving and restraining factors of the Room Temperature Vulcanized (RTV) Silicone market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Room Temperature Vulcanized (RTV) Silicone industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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