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Silicone in Construction Industry Market [NEWS TODAYS] Growth Dynamics During 2021 – 2030

United State- 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.

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.

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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.

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:

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

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KEY BENEFITS FOR STAKEHOLDERS

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.

COVID-19 Impact

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.

A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries.

KEY MARKET SEGMENTS

By Type

Fluids
Elastomers
Resins
Gels

By Application

Sealants
Adhesives
Coatings

By End-Use

Roofing
Flooring
Sealing
Others (Plumbing and Laminating)

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By Geography

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

Table of Content:

  • Market Definition and Overview
  • Research Method and Logic
  • Market Competition Analysis
  • Product and Service Analysis
  • Strategies for Company to Deal with the Impact of COVID-19
  • Market Segment by Type, Historical Data and Market Forecasts
  • Market Segment by Application, Historical Data and Market Forecasts
  • Market by by Region, Historical Data and Market Forecasts
  • Market Dynamic Analysis and Development Suggestions

Key Questions Answered in the Market Report

• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies?
• What is the outlook for the impact market during the forecast period 2021-2030?
• What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration?
• What is the end user perception toward?
• How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021?
• What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration?
• What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration?
• What are the key strategies adopted by companies in the impact market?
• What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030?
• What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market?
• Who are the key end users of pharmaceutical quality? What is their respective share in the impact market?
• Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030?
• Which are the key players in the impact market?

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Updated : 2022-05-22 10:17 GMT+08:00