RTV Silicone Market size to Reach USD 1.61 Billion by 2028 | Global Analysis, Industry Statistics, Revenue, Demand and Trend Analysis Research Report by Emergen Research

RTV Silicone Market size to Reach USD 1

Vancouver, British Columbia, Feb. 16, 2021 (GLOBE NEWSWIRE) — The global RTV silicone market size was USD 1.17 Billion in 2020  and is expected to reach a market size of USD 1.61 Billion by 2028 at a CAGR of 4.0%, over the forecast period, according to latest analysis by Emergen Research. Increasing demand for RTV silicone from construction and automotive industries is a major factor driving revenue growth of the global market. RTV silicone has various physical properties which include resistance to moisture and chemicals, electrical insulation, low coefficient of thermal expansion and high dielectric strength. Due to these properties, adoption of RTV silicone is increasing for sealing and bonding applications in automotive, aerospace, and construction industries.Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample/523RTV silicones are available in two types, including RTV-1 and RTV-2, and these are produced in solid, paste, and liquid forms. The RTV-2 segment accounts for majority revenue share in the market as this type of silicone can be applied in a wide range of processes such as mold making, 3D printing, bonding, and protection of electronic components used in hybrid and electric vehicles. These silicones are also used in many craft projects such as creating models, stencils, and sculptures because it offers many unique advantages compared to other adhesives – for instance, it maintains its shape and translucency after drying; whereas, other adhesives tend to shrink after drying.Further Key Findings in the Report:In February 2019, Pratley introduced a new RTV silicone gasket maker. This product is chemical-resistant and can function in temperatures ranging from -50°C to +300°C for short periods.The RTV-2 segment accounted for major revenue share and is expected to register a CAGR of 3.9% in the global market throughout the forecast period. This can be attributed to increasing adoption of RTV silicone in automotive and construction sectors.North America is projected to register a CAGR of 4.5% between 2021 and 2028. Increasing construction activities and constant advancements in the automotive industry are factors fueling revenue growth of the market in this region.Check Our Prices@ https://www.emergenresearch.com/select-license/523
For the purpose of this report, Emergen Research has segmented global RTV silicone market based on type, end-use, marketing channel, and regions as follows:
Type Outlook (Revenue: USD Billion; 2020–2028)RTV-1RTV-2     End-use Outlook (Revenue: USD Billion; 2020–2028)Construction IndustryElectrical & Electronics IndustryAutomotive IndustryAerospace IndustryOthers    Marketing Channel Outlook (Revenue: USD Billion; 2020–2028)OnlineOfflineClick to access the Report Study, Read key highlights of the Report and Look at Projected Trends:   https://www.emergenresearch.com/industry-report/rtv-silicone-marketRegional Outlook (Revenue: USD Billion; 2020–2028)North AmericaU.S.CanadaEuropeGermanyU.K.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaUAERest of MEATake a Look at our Related Reports:Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: sales@emergenresearch.comFacebook | LinkedIn | Twitter | BlogsRead Full Press Release@ https://www.emergenresearch.com/press-release/global-rtv-silicone-market

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