Construction Silicone Sealants Industry is a sector that involves the production and distribution of silicone-based sealants specifically designed for use in construction applications. Silicone sealants are used to create a waterproof and airtight seal between different building materials, preventing water leakage, air infiltration, and providing protection against environmental elements. These sealants are commonly used in both residential and commercial construction projects. 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.
Browse 219 market data Tables and 51 Figures spread through 207 Pages and in-depth TOC on “Construction Silicone Sealants Market by Type (One Component, two Component), Curing Type (Acetoxy, Alkoxy, Oxime), Application, End-Use Industry (Residential, Commercial, Industrial) and Region – Global Forecast to 2026”
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Demand for construction silicone sealants is influenced by various factors, including:
- Construction and Real Estate Industry: The demand for silicone sealants is closely tied to the growth of the construction and real estate sectors. As the construction of buildings, infrastructure, and housing projects increases, so does the demand for sealants to seal gaps and joints in various construction components.
- Renovation and Maintenance: Renovation and maintenance projects in existing buildings also drive the demand for silicone sealants. These sealants are used to repair or replace old, deteriorated seals in buildings, windows, doors, and other structures.
- Energy Efficiency Concerns: Silicone sealants play a crucial role in enhancing energy efficiency by sealing gaps and reducing air leakage in buildings, which can lead to a higher demand as energy-saving initiatives become more important.
- Weather Conditions: The demand for silicone sealants is also influenced by regional weather conditions. Areas with extreme temperatures or high precipitation may require more extensive use of sealants to protect buildings from the elements.
- End Use Industries: Silicone sealants find applications in various end-use industries, including:
- Construction and Infrastructure: Sealants are used in the construction of buildings, bridges, roads, and other infrastructure projects.
- Automotive: Sealants are employed in automotive manufacturing for bonding and sealing components.
- Electronics: Silicone sealants are used in the electronics industry to protect electronic components from moisture and dust.
- Industrial: Sealants are utilized in industrial settings for bonding and sealing various materials.
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.
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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.
Construction Silicone Sealants Market Key Players
Dow (US), Wacker Chemie AG (Germany), Elkem ASA (Norway), Momentive (US), and Shin-Etsu Chemical Co. Ltd. (Japan), are the leading construction silicone sealants manufacturers, globally.
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.