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 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.
Construction silicone sealants manufacturers are the most important players in the value chain as they produce and provide various product types of construction silicone sealants based on their required properties for the specific end-use applications. The end-use applications such as windows & doors systems, weatherproofing, glazing, insulating glass and others. This provides additional value to the chain.
Speak to our analyst At https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=97297482
Windows & doors system is the largest market of construction silicone sealants with a 20.1% share, globally. Silicone sealant products are used for flexible joints that bond construction materials solidly and protect windows, doors and facades to which they are fastened.
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.