Exploring the Future of Waterproofing with Silicone Sealants
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Published: 2024-07-03 09:20:15

According to the new market research report “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”, published by MarketsandMarkets™, the global Construction Silicone Sealants Market size is expected 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.

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Browse in-depth TOC on “Construction Silicone Sealants Market”

219 — Tables
51 — Figures
207 — Pages

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The growth is due to the growing demand for windows & doors systems, weatherproofing and other applications throughout the world. The silicone sealants are widely used for glazing, bathroom, and kitchen applications. The increasing 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.

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.

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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.

3M Company, also known as Minnesota Mining and Manufacturing Company, is a multinational conglomerate corporation based in the United States. Founded in 1902, 3M is headquartered in St. Paul, Minnesota. The company operates in various sectors, including industrial, healthcare, consumer goods, and safety and graphics. 3M is well-known for its innovation and diverse range of products. The company’s success lies in its ability to develop and manufacture a wide array of products across multiple industries. 3M’s core strength is in research and development, with a focus on applying science and technology to create practical solutions for customers. It operates with production sites in 70 countries worldwide and offers products and solutions to customers in approximately 200 countries in the Americas, Asia Pacific, Europe, and the Middle East & Africa.

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.

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

5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION
           5.1.1 FOUR BASIC FUNCTIONS OF SEALANTS
           5.1.2 IMPORTANCE OF SEALANTS
           5.1.3 ADVANTAGES OF CONSTRUCTION SILICONE SEALANTS
    5.2 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 15 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.3 MARKET DYNAMICS
        FIGURE 16 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CONSTRUCTION SILICONE SEALANTS MARKET
           5.3.1 DRIVERS
                    5.3.1.1 Increased demand in residential housing and infrastructure sectors
                    5.3.1.2 Rising demand from developing countries
                    5.3.1.3 Safety and ease of applications
                    5.3.1.4 Increasing demand from structural glazing and panels in new high-rise buildings
           5.3.2 RESTRAINTS
                    5.3.2.1 Environmental regulations hindering market growth
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Growing demand for low VOC, green, and sustainable sealants
           5.3.4 CHALLENGES
                    5.3.4.1 Shifting rules and changing standards

Continued...