RTV Silicone is commercially available as a one-component product and as a two-component product, which can be produced by combining basic components and hardeners such as silicone with a hardener or vulcanizing agent. This mixture begins to harden when it comes in contact with moisture. In particularly the construction industry, absolute demand for RTV silicone rubber is continuously increasing because it can be used as seals, especially in construction of kitchens and bathrooms. Due to unique properties such as good flexibility, water and temperature resistance, the use of RTV silicone sealants has expanded to other industries, such as sealing of water tanks and fuel systems.
The RTV Silicone Rubber Market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth are Increased RTV demand (ambient temperature vulcanizing) of silicone from different industries, such as automotive, construction, aerospace, electronics, medical devices and others.
Top Companies Operating in the Global RTV Silicone Rubber Market:
- ZhaoQing Haohong New Material
- Wacker Chemicals
- DowCorning
- Guibao Science and Technology
- Sika
- Olivia Chemical
- MONTIVE
- Zhengzhou Zhongyuan Applied Technology Research and Development
- Yongan Adhesive Industry
- Hangzhou Zhijiang Silicone Chemicals
- Antas
- Baiyun Chemical
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key RTV Silicone Rubber market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global RTV Silicone Rubber market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global RTV Silicone Rubber market key players
3.2 Global RTV Silicone Rubber size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the RTV Silicone Rubber market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
RTV Silicone Rubber Market Segmentation
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- RTV-1
- RTV-2
End-User Type Outlook (Revenue, USD Billion; 2018-2028)
- Construction Industry
- Automotive Industry
- Other
Sales Channel Type Outlook (Revenue, USD Billion; 2018-2028)
- Direct Sales
- Distributor
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