Silicone Structural Glazing Market Will Reach at a 8.5% CAGR by 2023
Silicone Structural Glazing Market Research Report – Global Forecast to 2023
The global silicone structural glazing market is predicted to grow at an 8.5% CAGR over the forecast period (2017-2023), states the new Market Research Future (MRFR) report. Silicone structural glazing, simply put, is the use of silicone sealants for the structural transfer of loads to the perimeter support system from the glass and retention of this glass in the opening. This is an innovative technology that has influenced both the building design and architecture. Silicone adhesives are used for structurally bonding the glass and panel elements with supporting structure of the building. This does not include any pressure, face cup profiles, or mechanical fixing elements.
Various factors are propelling the silicone structural glazing market growth. These factors, as specified by the Market Research Future (MRFR) report, include increasing demand for innovative façade systems, installation efficacy, and improvements in glass technology. Additional factors boosting market growth include increasing application scope of silicone structural glazing in façade systems for environmental concerns and energy efficiency, growth in the commercial and industrial construction activities, increase in research and development activities, increasing adoption of smart city concepts, and technological advancements in the glass industry.
On the contrary, government regulations concerning carbon emissions and the need for high capital investments are factors that will restrict the silicone structural glazing market growth over the forecast period.
Market Segmentation
The Market Research Future report provides a wide segmental analysis of the silicone structural glazing market based on material, type, and end use.
Based on type, the silicone structural glazing market is segmented into total vision systems glazing, u-shaped glazing, stepped glass glazing, slope glazing, two-sided structural glazing, four-sided structural glazing, and others. Of these, the four-sided structural glazing segment will have the largest share in the market over the forecast period. This is owing to the increasing consumption of energy by the residential, public, and commercial buildings that generate a higher need for advanced glass façade systems and are widely used for emission control and total vision through green buildings. They are widely used in commercial sectors for reducing the consumption of energy in the building.
Based on materials, the silicone structural glazing market is segmented into EPDM, silicone sealants, aluminum structural framing, and glass panels. Of these, the glass panels segment will lead the market over the forecast period. It is predicted to grow at the fastest pace. The wide use of glass panels across major end users is boosting market growth.
Based on end use, the silicone structural glazing market is segmented into residential, public, and commercial. Of these, the commercial segment will have the maximum share in the market over the forecast period. This is owing to the burgeoning need for green buildings, growing demand for glass façade systems, and increasing stringent emission standards. The growing standardization in façade systems and the growing construction industry is boosting the growth of the silicone structural glazing market.
Regional Analysis
Based on the region, the silicone structural glazing market report covers growth opportunities and the latest trends across Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the APAC region will dominate the market over the forecast period. China is the key contributor here. The growth of the residential, public, and commercial sectors and the strict emission norms are propelling market growth. The market here is growing rapidly owing to the presence of several leading players and rise in renovation activities.
Key Players
Leading players profiled in the silicone structural glazing market report include Guardian Glass (US), Xinyi Glass Holdings Limited (Hong Kong), Schott AG (Germany), Sisecam Group (Turkey), Central Glass Co., Ltd. (Tokyo), Permasteelisa S.P.A (Italy), YKK Corporation (Japan), 3M Company (US), The DOW Chemical Company (US), Sika AG (Switzerland), Saint-Gobain S.A. (France), Arkema SA (France), PPG Industries, Inc. (US), Asahi Glass Co., Ltd (Japan), and Nippon Sheet Glass Co. Ltd (Japan), among others. The key players have used several strategies to maintain a foothold in the industry such as partnerships, mergers, acquisitions, product launch, research and development, and more.
July 2019: 21 metro stations in Delhi are set to be renovated. The scope of this work will include exterior façade renovation that will comprise offering structural glazing and color theme.