Silicone sealants market forecast with a CAGR of 5 percent through 2027
The market is majorly driven by the surge in demand for electronics and stabilizing the construction and automotive market. Silicone polymers, including sealants, are finding applications in almost every delicate aspect of life. Be it used as an active pharmaceutical ingredient, medical device applications, or drug delivery systems. Silicone sealants offer greater protection for electronic applications to ensure longevity and better dissipation of heat to reduce damage and increase efficiency. The global silicone sealants market is consolidated. The top 6 suppliers hold an 80% market share in the silicone industry, while most of those vendors manufacture and supply silicone sealants.
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