Global Silicone Structural Glazing Market has witnessed gradual growth in recent years, and is expected to witness steady growth in the forecast period. The global silicone structural glazing market is primarily driven by growth in industrial and commercial construction activities, and technological advancements in the glass industry. Silicone structural glazing is a method utilizing a silicone adhesive to attach glass, metal, or other panel material to the structure of a building. Wind-load and other impact loads on the facade are transferred from the glass or panel, through the structural silicone sealant to the structure of the building. The silicone sealant must maintain adhesive and cohesive integrity as the facade is subjected to wind-load and thermal stresses. Structural glazing (SG) is a high performance application and not all silicone sealants are suitable for this application. Only silicone sealants that have been developed and tested specifically for structural glazing applications, should be used. The growth of the commercial, public, and residential buildings sectors, along with the rising need for green buildings are the key factors fueling the growth of the silicone structural glazing market. The market has opportunities owing to the increase in R&D activities by companies to reduce costs and improve the quality of glass and other raw materials and the rise in investments in the building & construction sector, which will drive the demand for glass facade systems. In contrast, factors such as government regulations for carbon emissions and high capital investments required restrain the growth of the global silicone structural glazing market. The Global Silicone Structural Glazing Market is expected to grow at ~ 8.5% CAGR during the forecast period.
The key players of global silicone structural glazing market are Nippon Sheet Glass Co. Ltd (Japan), Asahi Glass Co., Ltd (Japan), PPG Industries, Inc. (U.S), Arkema SA (France), Saint-Gobain S.A. (France), Sika AG (Switzerland), The DOW Chemical Company (U.S), 3M Company (U.S.), YKK Corporation (Japan), Permasteelisa S.P.A (Italy), Central Glass Co., Ltd. (Tokyo), Sisecam Group (Turkey), Schott AG (Germany), Xinyi Glass Holdings Limited (Hong Kong), Guardian Glass (U.S.).
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Market Research Analysis
Commercial sector is expected to grow at the highest CAGR
Global silicone structural glazing market has been segmented based on type, material, end use and region. Based on the end-use the market has been segmented as commercial, public and residential. Among these, the commercial sector dominated the market in 2016 and is projected to be the fastest-growing end-use sector over the next five years. This is a result of the rising demand for glass facade systems along with growing need for green buildings. The newly developed advanced glass demand additional improvements in facade technologies, and successfully installation, which will, in turn, drive the silicone structural glazing market growth through the sector.
Asia Pacific Silicone Structural Glazing market, expected to grow at the highest CAGR
The Asia Pacific region accounted for the largest share of the silicone structural glazing market in 2016, wherein China was the largest country-level market. The stringent emission norms, and the growth of the commercial, public, and residential sectors, are some of the factors driving the silicone structural glazing market in Asia Pacific. The market in this region is also growing rapidly due to the increase in renovation activities and the presence of numerous leading players, which play a crucial role in the growth of the market for silicone structural glazing.
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Global Silicone Structural Glazing Market:
The global silicone structural glazing market is expected to witness a phenomenal growth during the forecast period. This is due to the considerable growth in the construction industry with population boom, and the declining interest rates has propelled the housing market and commercial construction market in various regions. The growth is primarily attributed to rising incomes from the economic growth, the growth in housing and construction market in various countries, which is likely to continue during the forecast years.
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