Silicone in Construction Industry Market with Development Factors,Analysis and In-depth study on market Size 2014-2022

Silicone in Construction Industry Market, published by Allied Market Research, forecasts that the global market was valued $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. The silicone fluids segment held more than one-third of the total market share in 2015.

Silicones in construction industry are regarded as a large class of synthetic materials that consists of silicone sealants, adhesives, and coatings that help make buildings durable, comfortable, and energy-efficient. Silicones as a building material are extremely durable and can resist decay caused by severe weather conditions, moisture, or sunlight. Silicones also enable innovative architecture and engineering feats, such as dramatic glass facades or curved and suspended structures. Silicone coatings help paints for better adherence to surfaces, disperse color pigments, and resist damages from weather and staining.

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Key findings of the Silicone in Construction Industry Market:

• In terms of volume, the elastomers segment is projected to show the highest growth rate of 4.5% during the analysis period.

• Asia-Pacific is projected to maintain its lead throughout 2022, and is projected to grow at a CAGR of 5.9%, in terms of volume.

• Sealants application segment occupied approximately two-fifths of the total market in 2015.

• China occupied around one-fourth of the total Asia-Pacific silicone in construction industry market in 2015.

• In terms of value, Japan is expected to grow at a CAGR of 6.1% from 2016 to 2022.

At present, the global silicone in construction industry market witnesses vivid opportunities due to rapid increase development in construction industry in Asia-Pacific and LAMEA. Moreover, silicone fluids are widely utilized in construction industry as it is capable to provide excellent thermos-oxidative resistance and performing operations within a range of 60C to +300C. These fluids exhibit water solubility, emulsifying properties, water repellency, paint ability, anti-static properties, softening properties, and lubricity properties on building surfaces. In addition, silicone fluids are added to polyurethane to help give the final foam better insulation value and also higher foam yield or coverage for lower installation costs. Thus, silicone fluids are expected to witness highest growth during the forecast period.

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Silicone elastomers segment accounted for nearly half share, in terms of volume, in 2015. In response to the rise in infrastructure developments silicones in construction industry currently witness high demand across the globe. Furthermore, increase in demand for silicone elastomers in construction industry act as a prominent factor responsible for market growth.

Analyst Review :

Silicones in construction industry especially, fluids, elastomers, and gels are widely used for various end-use applications. Silicone fluids segment is anticipated to register a significant growth during the forecast period owing to rise in expenditure toward infrastructure improvement.

Silicon elastomers are expected to witness significant growth during the forecast period as it is incorporated with fillers, which include carbon fibers and nanomaterials thereby exhibiting excellent mechanical property such as tensile strength. Furthermore, these products possess excellent shear stability, low volatility, and surface tension, and induce maximum water repellency.

The Asia-Pacific silicone in construction industry market offers promising opportunities for silicone manufacturers, owing to growth in the infrastructure and rapid industrialization. In addition, increase in disposable incomes in developing economies such as China, India, and Japan majorly fuels the market. Asia-Pacific is anticipated to account for the largest share in the global market by 2022, followed by North America and Europe.

Top key players :

• Silchem Inc
• ICM Products Inc
• Speciality Silicone Products Incorporated
• Wacker-Chemie GmbH
• Evonik Industries AG
• Hutchinson
• Kemira Oyj
• Quantum Silicones

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