Silicone structural glazing market forecast at $55 billion by 2027

New York, NY – Silicone Structural Glazing Market is projected to be worth USD 55.7 Billion by 2027, registering a CAGR of 7.6% during the forecast period (2020 – 2027) according to Market Research Future. The use of silicone adhesive along with the glass is known as the glazing technique. There is the use of metal and other panel materials for this purpose too. This silicone structural material is used as the sealant for construction. In both industrial and commercial buildings, the use of silicone structural glazing is prevalent.

This sealant is an adhesive that helps to tolerate thermal stress and wind load. Structural glazing has plenty of benefits. They are suitable for lots of applications in the consecution work. The growing demand for the faced systems in the building is contributing to the growth of this market. The growing adoption of the smart city is a crucial driver of this market. Governments in many countries are developing smart cities.

This will create more growth opportunities for the structural glazing market. There are many types of glazing such as slope glazing, structural glazing, shaped glazing and much more. The advanced glass-faced systems are having higher adoption in developed regions. North America is a developed region that has exceptional demand for structuring. All these are factors that will create immense market value in 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.).

The Asia Pacific market is witnessing the highest growth. There are new entries of key players that are contributing to high growth. Countries such as China, India and Japan are having highest demand in this period. There is a massive growth rate in this market.

There are carbon emission issues across the globe. Due to this, the capital investments in the market are rising. The key player is expected to increase their efficient and eco-friendly production of silicone structural glazing. All these are factors that are expected to have immense growth in the forecast period. The key players are planning for new acquisitions and agreements in this period.

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. 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.