Silicone Structural Glazing Market – Asahi Glass Co., Ltd (Japan) and Guardian Glass (US) are the Key Players in the Market

According to recent market research "Silicone Structural Glazing Market by Type (Four-Sided Structural, Two-Sided Structural, Total Vision Systems), Material (Aluminum Structural Framing, Glass Panel, Silicone Sealant), End Use (Commercial, Public), and Region - Global Forecast to 2022", The silicone structural glazing market size is estimated to grow from USD 28.69 Billion in 2017 to USD 43.95 Billion by 2022, at a CAGR of 8.90%.

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It is projected to witness significant growth in the next few years due to advancements in glass technology and the installation efficiency in facade systems. The growing demand for advanced facade systems in the building & construction sector, along with environmental concerns and energy efficiency in buildings are the key factors driving the growth of the silicone structural glazing market. The market has opportunities owing to the rise in demand for green buildings and the rise in investments in infrastructural projects in developing economies.

The four-sided structural segment is projected to dominate the silicone structural glazing market through 2022

The four-sided structural segment, by type, is projected to dominate the silicone structural glazing market through 2022. The dominant position of this segment can be attributed to the rising energy consumption by the commercial, public, and residential buildings, which will generate more requirement for advanced glass facade systems, which are mainly used for total vision and emission control through green buildings. They are largely used in the commercial sector to reduce the energy consumption in the building.

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MarketsandMarkets projects that the silicone structural glazing market size will grow from USD 28.69 Billion in 2017 to USD 43.95 Billion by 2022, at a CAGR of 8.90% from 2017 to 2022. Increase in industrial and commercial construction activities along with technological advancements in the glass industry is the major factor driving the silicone structural glazing market.

The key players in the silicone structural glazing are Asahi Glass Co., Ltd (Japan), Guardian Glass (US), Nippon Sheet Glass Co. Ltd. (Japan), and Saint-Gobain SA (France). These players adopted various strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions & investments, and new product launches are some of the major strategies adopted by the market players to achieve growth in the silicone structural glazing market.

The silicone structural glazing market witnessed several expansions and acquisitions in the past by key players in order to expand their geographical footprint and improve their distribution network through means of organic and inorganic growth strategies

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Asahi Glass Co., Ltd invested about USD 174.8 million to relocate a float furnace and mirror manufacturing facility from the Jakarta Plant to the Cikampek Plant (PT Asahimas Flat Glass) in 2017. The float furnace for the manufacturing of architectural glass and mass production is scheduled to commence in 2019.

In 2015, Asahi Glass Co., Ltd increased its production capacity of solar control Low-E glass in Thailand by 50%. The investment will not only enhance the production efficiency of the facility but also allow the production of higher-performance glass products. The production began at the Samut Prakan Plant of AGC Flat Glass Thailand Public Co., Ltd. (AFT) in the first quarter of 2016.

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