Chan Ye Xin Xi Wang·2025-09-20 02:01Core Insights - The silicone adhesive market in China is projected to grow from 1.387 million tons in 2023 to 1.478 million tons in 2024, representing a year-on-year increase of 6.6% [5][7] - The sales revenue for silicone adhesives is expected to reach 20.37 billion yuan in 2024, marking a 4.7% increase compared to 2023 [7] - The average selling price of silicone adhesives is anticipated to decline to 13,800 yuan per ton in 2024 due to a sluggish real estate market and intense competition [7] Market Overview - Silicone adhesives, also known as organic silicone sealants, are high-elasticity sealing materials with excellent weather resistance, temperature tolerance (-40℃ to 150℃), electrical insulation, and hydrophobic properties [2][5] - The demand structure is diversifying, with green buildings, new energy applications (such as photovoltaic packaging and battery sealing), and consumer upgrades (eco-friendly home decoration) identified as core growth drivers [5][12] Application Segmentation - The construction industry remains the largest consumer of silicone adhesives, accounting for approximately 62% of total demand in 2024, with a projected consumption of 916,000 tons, up 4.5% year-on-year [10][11] - The new energy sector is the second-largest application area, expected to consume 384,000 tons of silicone adhesives in 2024, reflecting an 11.4% increase, primarily driven by the photovoltaic sector [12][13] Industry Chain - The silicone adhesive industry chain consists of upstream raw materials (silicone rubber, crosslinking agents), midstream production, and downstream applications across various sectors including construction, new energy, electronics, and transportation [8][10] - The industry is experiencing increased competition and a growing number of production enterprises, with a trend towards global expansion and participation in international standard-setting [8][10] Future Trends - The industry is expected to benefit from dual drivers of policy support and market demand, particularly in the construction sector, where green building standards and prefabricated construction are anticipated to boost demand for high-performance silicone products [14] - Innovations in technology and materials, such as eco-friendly and bio-based alternatives, are likely to accelerate the transition towards higher-value products, while leading companies are focusing on cost reduction and global market expansion [14][15]