Silicones are durable materials, which can resist decay caused due to several adverse conditions, such as rough weather, moisture, and sunlight. Silicones bond with multiple materials, such as aluminum, steel, and plastics. Moreover, they have effectively proven to prevent humidity as well as hot and cold air in joints and cracks of buildings.
In addition, silicones in construction industry are essential in residential and office buildings, bridges, oil rigs, industrial plants, and pipelines. Furthermore, these coatings have resulted in preservation of monuments as well as in structural glazing (vast expanses of glass that are a feature of modern architecture).
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The market for silicone in construction industry has considerably grown in the recent past due to rapid growth of construction industry as well as increase in usage of silicone products in end-use applications, such as flooring, tiling, and plumbing.
The global silicone in construction industry market was valued at $5,748 million in 2015, and is projected to reach $7,739 million by 2022, growing at a CAGR of 4.3% from 2016 to 2022. This is due to rapid growth of applications, increase in demand for silicone in construction industry, and rapid consumption of silicone products.
At present, the global silicone in construction industry market witnesses a lot of opportunities due to the increase in demand for silicone products among consumers. Moreover, increase in the use of silicone sealants, adhesives, coatings in construction materials enhances the architecture such as dramatic glass facades or curved and suspended structures.
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Moreover, rise in expenditure toward improvement of architecture in emerging markets such as China, India, and Korea is another key factor that augments the growth of the use of silicone in the form of gaskets, sealants, and waterproofing materials in residential applications. Also, shear stability, low volatility, and lesser surface tension properties make silicone fluids and elastomers ideal for construction industry.
In addition, increase in the demand for silicone sealants and adhesives in high performance protective window systems to increase personal safety from flying glass drives the demand for silicones in construction industry. However, the rise in cost associated with silicone production owing to massive expenditure in vulcanization and property improvement is expected to have an adverse impact on the industry. Furthermore, increase in usage of polymers such as fluoropolymers, polyesters, and conventional polyethylene products in construction industry is expected to pose a high substitutional threat to the market during the forecast period.
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The global silicon in construction industry market is segmented based on type, application, end-use, and geography. Based on type, the market is classified into fluids, elastomers, resins, and gels. The fluids segment dominated the global market in 2014, and is anticipated to maintain its dominance throughout the forecast period. Based on application, the market is divided into sealants, adhesives, and coatings.
The sealants application segment is estimated to grow at a significant CAGR of 4.8% during the forecast period. By end-use, the market is segmented into roofing, flooring, sealing, and others (plumbing and laminating). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for nearly one-third share of the total revenue in 2015, followed by Europe and Asia-Pacific.
Leading market players have largely invested in R&D activities to develop advanced products to cater to the demand for end users. The major players in the silicon in construction industry market include:
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Silchem, Inc ICM Products, Inc Speciality Silicone Products Incorporated Wacker-Chemie GmbH Evonik Industries AG Hutchinson Kemira Oyj Quantum Silicones Kaneka Corporation The Dow Corning Corporation
The report provides an extensive analysis of the current and emerging market trends and opportunities in the global silicone in construction industry market. The report includes a detailed qualitative and quantitative analysis of the current market estimations during the forecast period to determine the prevailing market opportunities. Comprehensive analysis of factors that drive and restrict the growth of the market is provided in the report. Comprehensive regional analysis of the market based on primary as well as secondary sources is provided. Extensive analysis of the market is conducted by following key product positioning and by monitoring the top competitors. The report provides extensive qualitative insights on the potential and niche segments or regions. The report provides key insights on strategic analysis of various companies and analysis of the market.
The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the global Silicone in Construction Industry Market also experienced a slowdown. Statista estimates that the chemical industry’s total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the chemical industry generated revenues of US$ 5.4 trillion at a record high.
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The degree of competition among prominent global companies has been developed by analyzing several leading Silicone in Construction Industry Market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.
Roofing Flooring Sealing Others (Plumbing and Laminating)
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North America U.S. Canada Mexico Europe France Germany UK Spain Italy Rest of Europe Asia-Pacific India China Japan Australia Korea Rest of Asia-Pacific LAMEA Brazil KSA South Africa Rest of LAMEA
Other players in the value chain (profiles not included in the report) include: –
Mesgo S.P.A. Zhejiang Xinan Chemical Industrial Group Co., Ltd. Reiss Manufacturing Inc. KCC Corporation Shin-Etsu Chemical Co., Ltd. Momentive Performance Materials Inc Ashland Incorporated CRI-SIL Silicone Technologies, LLC CSL Silicones Incorporated Elkay SIlicones CHS incorporation
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
Key questions answered in the global Silicone in Construction Industry Market report are:
How does a global company acquire markets?
What are its core strategies and policies?
What factors will influence the chemical market over the forecast period?
What are the factors driving and restraining the market for chemicals?
What are the leading competitors in the global market?
Which region is growing at a higher pace in the global market?
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What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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