Thursday, July 18, 2024

Construction Silicone Sealants Market Size, Share, Segmentation, Opportunities, Trends & Future Scope to 2026, MNM Study

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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. Thedriving factors for the construction silicone sealants market is growing demand from residential housing and commercial offices, along with rising infrastructure output from key sub-sectors, such as roads, rail, energy, and water and sewerage, is boosting the demand for construction silicone sealants. industries. Increasing demand from APAC will further drive the growth of the global construction silicone sealants market.

The Construction Silicone Sealants Industry plays a crucial role in the construction sector by providing sealing solutions for various applications. Silicone sealants are highly versatile, durable, and weather-resistant materials used to seal joints and gaps in building structures, providing protection against air and water infiltration, as well as thermal and acoustic insulation.

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Here’s an overview of the Construction Silicone Sealants Industry and its end-use applications in residential, commercial, and industrial sectors:

Residential Applications:

✅ In residential construction, silicone sealants are used for sealing joints and gaps in windows, doors, siding, roofing, and plumbing fixtures.

✅ Silicone sealants provide a weatherproof seal that prevents water penetration, air leakage, and drafts, contributing to energy efficiency and indoor comfort.

✅ Additionally, silicone sealants offer excellent adhesion to a variety of building materials commonly used in residential construction, including wood, metal, glass, and masonry.

Commercial Applications:

✅ In commercial buildings such as offices, retail spaces, and institutions, silicone sealants are utilized for sealing joints in curtain walls, storefronts, expansion joints, and concrete structures.

✅ Silicone sealants play a critical role in maintaining the integrity of building envelopes, ensuring structural stability, and preventing moisture intrusion, which can lead to mold growth and damage to interior finishes.

✅ The durability and weather resistance of silicone sealants make them suitable for exterior applications in high-rise buildings and urban environments exposed to harsh weather conditions and pollution.

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Industrial Applications:

✅ In industrial settings, silicone sealants are used for sealing joints and gaps in manufacturing facilities, warehouses, and industrial equipment.

✅ Silicone sealants provide protection against chemical exposure, high temperatures, and mechanical stress, making them ideal for sealing joints in industrial flooring, tanks, pipelines, and machinery.

✅ The flexibility and thermal stability of silicone sealants allow them to withstand extreme conditions encountered in industrial environments, ensuring long-term performance and reliability.

Construction Silicone Sealants Market Key Players

Dow (US), Wacker Chemie AG (Germany), Elkem ASA (Norway), Momentive (US), and Shin-Etsu Chemical Co. Ltd. (Japan), among others, are the leading construction silicone sealants manufacturers, globally. These companies adopted new product launch, expansion, agreements & contracts and merger & acquisition, as their key growth strategies between 2016 and 2021 to earn a competitive advantage in the construction silicone sealants market.

Dow is the largest player in the market. Dow is one of the leading names in chemical market and provides extensive range of products in Silicone sealant market for building and construction sector especially. The company has good financial backgrounds and geographical presence with 106 manufacturing sites in 31 countries.

Wacker Chemie AG is the second-largest player of the construction silicone sealants market, globally. The company is one of the leading chemical company and manufactures products in the field of Silicone, polymer, life sciences and polySilicone markets for all key global industries. In March 2018, the company opened a new laboratory in the Moscow Technical Center, for adhesives and sealants, in Russia to increase its research and development capacity as well as have more innovations in sealants market.

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Insulating glass is expected to be the fastest-growing application in the Construction silicone sealants market during the forecast period.

Insulating Glass is the fastest-growing application segment in the Construction silicone sealants market. Rising number of energy-efficient construction projects in residential and commercial end-use industries will drive the demand for silicone sealants in the insulating glass application.  It accounted for a share of about 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 during the forecast period.

APAC accounted for the largest share of the Construction silicone sealants market in 2020. The market in the region is growing because of growing building & construction activities in emerging countries, increasing domestic demand, income levels, and easy access to resources. The market is also driven by foreign investments, supported by cheap labor and economical and accessible raw materials.

TABLE OF CONTENTS

1 INTRODUCTION (Page No. – 32)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
           1.2.2 MARKET SCOPE
                 FIGURE 1 CONSTRUCTION SILICONE SEALANTS: MARKET SEGMENTATION
           1.2.3 REGIONS COVERED
           1.2.4 YEARS CONSIDERED FOR THE STUDY
    1.3 CURRENCY
    1.4 UNIT CONSIDERED
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. – 35)
    2.1 RESEARCH DATA
        FIGURE 2 CONSTRUCTION SILICONE SEALANTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Critical secondary inputs
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Critical primary inputs
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
    2.2 BASE NUMBER CALCULATION APPROACH
           2.2.1 ESTIMATION OF CONSTRUCTION SEALANT MARKET SIZE BASED ON MARKET SHARE ANALYSIS
                 FIGURE 3 MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
                 FIGURE 4 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
    2.3 MARKET SIZE ESTIMATION
           2.3.1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION
        FIGURE 5 CONSTRUCTION SILICONE SEALANTS MARKET: DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS AND LIMITATION
           2.5.1 LIMITATIONS
           2.5.2 GROWTH RATE ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. – 44)
  FIGURE 6 ONE COMPONENT DOMINATED CONSTRUCTION SILICONE SEALANTS MARKET
  FIGURE 7 ACETOXY CURE LED CONSTRUCTION SILICONE SEALANTS MARKET
  FIGURE 8 WINDOW & DOOR SYSTEMS ACCOUNTED FOR LARGEST SHARE IN CONSTRUCTION SILICONE SEALANTS MARKET
  FIGURE 9 COMMERCIAL END-USE INDUSTRY LED THE MARKET
  FIGURE 10 APAC LED CONSTRUCTION SILICONE SEALANTS MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. – 48)
    4.1 ATTRACTIVE OPPORTUNITIES IN CONSTRUCTION SILICONE SEALANTS MARKET
        FIGURE 11 GROWING USE OF CONSTRUCTION SILICONE SEALANTS IN END-USE APPLICATIONS TO DRIVE MARKET
    4.2 CONSTRUCTION SILICONE SEALANTS MARKET, BY REGION
        FIGURE 12 APAC TO BE THE LARGEST MARKET BETWEEN 2021 AND 2026
    4.3 APAC: CONSTRUCTION SILICONE SEALANTS MARKET, BY COUNTRY AND END-USE INDUSTRY
        FIGURE 13 CHINA AND COMMERCIAL SEGMENT ACCOUNTED FOR LARGEST SHARES
    4.4 CONSTRUCTION SILICONE SEALANTS MARKET: BY MAJOR COUNTRIES
        FIGURE 14 CHINA TO BE THE FASTEST-GROWING MARKET BETWEEN 2021 AND 2026

Continued…

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