Construction Silicone Sealants Market Driver: Rising Demand in Residential Housing and Infrastructure Sectors
“Browse through 219 Market Data Tables and 51 Figures spread across 207 Pages and In-Depth TOC on ‘Construction Silicone Sealants Market'”
Construction Silicone Sealants Market by Type (One-Component, Two-Component), Cure Type (Acetoxy, Alkoxy, Oxime), Application, End-Use Industry (Residential, Commercial, Industrial), and Region
The global construction silicone sealants market size is estimated to grow from USD 3.5 Billion in 2021 to USD 4.5 Billion by 2026, at a CAGR of 5.0% during the forecast period. The driving factors of the construction silicone sealants market are the growing demand from residential housing and commercial offices, as well as the growing infrastructure production of key sub-sectors, such as roads, railways, energy , water and sewage, are driving demand for silicone construction sealants. . Industries. Rising demand from APAC will further drive the growth of the global construction silicone sealants market.
The main areas of application of construction silicone sealants include glazing, flooring and sealants, sanitary and kitchen, insulating glass, decoration and window and door systems, among others. These applications are expanding which subsequently boosted the growth of the construction silicone sealants market. The increasing penetration of silicone sealants in new applications, such as sealing, decoration, structural bonding, ducts and structural glazing in the construction industry, is driving the construction silicone sealants market. The main applications of building silicone sealants are window frames, sanitary and kitchen, expansion joints, floor systems, walls and panels. In changing atmospheric conditions, they provide stress resistance capability and prevent cracking. they are also used in construction applications such as waterproofing non-porous and porous substrates, sealing expansion joints, sanitary joints in bathroom and kitchen installations, electrical conduits, cut joints -fire on pipes, ducts and electrical wiring in ceilings and in buildings. In addition to silicone sealants optimized for the construction industry, processors also use these sealants to create strong adhesive bonds and are resistant to chemicals, moisture and weather. Water resistant silicone sealants are ideal for repairing areas around sinks and other areas where water is frequently found.
To find out about the hypotheses used for the study, download the pdf brochure
Increasing investment in construction activities, such as airports, bridges, dams and metro stations, also increases the demand for silicone sealants for waterproofing, expansion joints, panels and others apps.
The increase in demand for unsanitary permanent houses in India and other developing countries such as Brazil, China, Indonesia and Vietnam is mainly due to population growth, urbanization and to increased income. This rapid growth in residential housing in these countries is driving the market for building sealants.
Insulating glass is expected to be the fastest growing application in the construction silicone sealants market
Insulating glass is the fastest growing application segment in the building silicone sealants market. The increasing number of energy efficient construction projects in residential and commercial end use industries will drive the demand for silicone sealants in insulating glass application. It accounted for a share of around 14.4% of the construction silicone sealants market, in terms of value, in 2020.
APAC is expected to hold the largest market share in the global construction silicone sealants market
APAC accounted for the largest share of the construction silicone sealants market in 2020. The market in the region is growing owing to growing building and construction activities in emerging countries, increase in domestic demand, income levels and easy access to resources. The market is also driven by foreign investment, supported by cheap labor and cheap and accessible raw materials.
Dow (USA), Wacker Chemie AG (Germany), Elkem ASA (Norway), Momentive (USA) and Shin-Etsu Chemical Co. Ltd. (Japan) are the world’s leading manufacturers of silicone sealants for construction.
Request sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=97297482
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats that will impact 70%-80% of global business revenue. Currently serving 7,500 customers worldwide, including 80% of global Fortune 1000 companies as customers. Nearly 75,000 senior executives from eight industries around the world approach MarketsandMarkets™ for their revenue decision issues.
Our 850 full-time analysts and MarketsandMarkets™ SMEs track global high-growth markets by following the “Growth Commitment Model – GEM”. The GEM aims for proactive collaboration with customers to identify new opportunities, identify most important customers, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets™ now offers 1,500 MicroQuadrants (positioning top performers among Leaders, Emerging Companies, Innovators and Strategic Players) each year in high-growth emerging segments. MarketsandMarkets™ is determined to benefit over 10,000 companies this year for their revenue planning and help them bring their innovations/disruptions to market by providing research ahead of the curve.
MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store”, connects over 200,000 markets and entire value chains for a deeper understanding of unmet information, as well as market sizing and niche market forecasts.
Company Name: MarketsandMarkets
Contact: Mr. Aashish Mehra
E-mail: Send an email
Address:630 Dundee Road, Suite 430
State: IT 60062
The country: United States