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Construction Silicone Sealants Market Trends

  • Report ID: GMI8355
  • Published Date: Mar 2024
  • Report Format: PDF

Construction Silicone Sealants Market Trends

In the market, several notable trends are shaping the industry landscape. Firstly, there is a growing emphasis on sustainability and environmental responsibility, driving the demand for eco-friendly sealant solutions. Manufacturers are increasingly developing silicone sealants with reduced volatile organic compound (VOC) emissions and improved recyclability to align with green building standards and regulations. This trend reflects the construction industry's broader shift towards sustainable practices and the incorporation of environmentally friendly materials in building projects.
 

Secondly, technological advancements are driving innovation in silicone sealant formulations, leading to improved performance and versatility. For instance, manufacturers are developing sealants with enhanced adhesion properties to a wider range of substrates, including challenging surfaces like glass, metal, and plastics. Furthermore, the integration of additives and fillers in silicone formulations is enhancing properties such as weather resistance, UV stability, and fire retardancy, expanding the applications of silicone sealants in demanding construction environments. These technological advancements are driving market growth by addressing the evolving needs of architects, builders, and contractors for high-performance sealant solutions in various construction projects.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for construction silicone sealants was USD 348.3 million in 2023 and is expected to register over 5.7% CAGR from 2024-2032 owing to increasing construction activities, driven by urbanization, infrastructure development, and renovation projects worldwide.

Construction silicone sealants market from the plastic segment held 32% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their excellent adhesion properties across diverse substrates, making them highly versatile.

North America industry for construction silicone sealants reached USD 112.7 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of a robust construction industry in the region.

BASF SE, Bostik, DAP Products Inc., Dow, H.B. Fuller, Henkel Corporation, Huntsman International LLC, KONISHI Chemical Ind Co., Ltd, Mapei, PCI Augsburg GmbH, Shin-Etsu Chemical Company, and Sika AG, are some of the major construction silicone sealants companies worldwide.

Construction Silicone Sealants Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
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