High Temperature Sealants Market size is estimated to reach USD 12 billion by the end of 2035, expanding at a CAGR of 5% during the forecast period 2023 – 2035. In the year 2022, the industry size of high temperature sealants was USD 4.96 billion. The properties of high temperature sealants are leading to an increase in their demand for high-temperature applications. As a high-temperature sealant is an extreme-performance sealing substance created specifically for applications involving extremely high temperatures.
The majority of typical building materials may adhere to high temperature sealants and it maintains their flexibility over an extensive variety of surfaces and temperatures. Also, it is used for sealing, and fixing gaps in glass, metals, ceramics, and other materials, as it can bear high temperatures. In May 2023, the seasonally adjusted annual rate of privately-owned dwelling units authorized by building permits was 1,490,000 in the United States.
Base Year |
2022 |
Forecast Year |
2023 – 2035 |
CAGR |
~5% |
Base Year Market Size (2022) |
~4.96 billion |
Forecast Year Market Size (2035) |
~12 billion |
Regional Scope |
|
Growth Drivers
Challenges
Application (Transportation, Construction, Industrial, Automotive, Electronics & Electricals, Chemicals & Pharmaceuticals)
The electronics & electrical segment is expected to dominate the high temperature sealants market in the upcoming years i.e. 2023 – 2035 with a CAGR of 69 percent. The high-temperature sealants have a wide range of uses in the electrical and electronics industry, including printed circuit panels, semiconductor connections, pyrolytically deposited films, microelectronic surfaces, electrical connections, high-power resistors, ceramic-filled cartridge furnaces, and others. Thus, the increasing demand and supply of electrical and electronics are estimated to boost the segment’s growth. The National Policy on Electronics 2019 has been adopted by the Indian Cabinet, which sets a target of USD 400 billion in domestic electronics manufacturing revenue by 2025 for the country's Electronics System Design and Manufacturing (ESDM) sector.
Chemistry (Epoxy, Silicone)
The silicone segment in the high temperature sealants market is expected to witness the largest CAGR of 71 percent by the end of 2035. The silicone-based sealants have high efficiency for high-temperature silicone adhesives and sealants. High-temperature silicone sealants are resistant to shock, vibration, and temperatures as high as 600 degrees Fahrenheit. Furthermore, its easy application in plastics, glass, and ceramics has led to its superiority over epoxy. They are specially designed to enclose and seal industrial seals, and heating elements.
Our in-depth analysis of the global market includes the following segments:
Chemistry |
|
Application |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this Report
APAC Market Forecasts
The high temperature sealants market in the Asia Pacific region is estimated to observe the highest market revenue of 30 percent during the forecast timeframe. This is due to its huge population, a rapid shift to cheap and skilled labor, and growing interest in the region by Western companies. China and India are major contributors to the growth of the market in the Asia-Pacific region. This growth is primarily due to the increasing industrialization, and the surging spending upon infrastructure developments in countries such as India, China, and Others. According to the data, the average infrastructure spending in China was around 9 times more than in the United States in the year 2021.
The growing agriculture sector is increasing the demand for agriculture machinery including tractors for heavy-duty applications. The domestic sales in the Indian tractor industry reached roughly 678,869 units by the middle of 2020, and they first exceeded 900,000 units annually in that same year.
North American Market Statistics
The high temperature sealants market in the North American region is expected to register 28 percent share by the end of the forecast period. Manufacturers in the North America region are constantly striving to improve the properties and performance of sealants, such as chemical resistance, thermal stability, adhesion, and others. Moreover, rising investment for advancements in material science and manufacturing technologies contributes to the development of innovative high-temperature sealant solutions in the region.
The rising demand for smartphones in the region requires silicone sealants for fingerprint sensor assemblies to help achieve an IP waterproofing rating. There have been 298 million smartphone users in the United States, as of 2021.
Author Credits: Smruti Ranjan, Rajrani Baghel
Ans: Escalating automobile production and growing construction activities across the globe are the major factors driving the growth of the high-temperature sealants market.
Ans: The market size of aerospace forging is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2035.
Ans: The major players in the market are 3M, NUCO Logistics Inc., Sashco Inc., Hylomar Ltd., Agility PR Solutions LLC, and Others.
Ans: The electronics & electrical segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Ans: The disadvantages associated with high-temperature sealants are estimated to hamper the market growth.
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?