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
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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.
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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.
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.
