Silicone Structural Glazing Market 2020 Top Key Players : Sika AG, Asahi Glass Co. Ltd, Schott AG, PPG Industries, Inc. , Guardian Glass , Nippon Sheet Glass Co. Ltd
Market Research Future (MRFR) presumes that the silicone structural glazing market 2020 is gaining significant ground quite steadily and can achieve a growth rate of 8.5% from 2017 to 2023 (review period).
Growth Boosters and Key Challenges
Continuously increasing spending on infrastructural projects in developing countries like India and China are providing a host of attractive opportunities to manufacturers. The constant advancements in commercial, residential and public buildings along with the rising need for green construction in the face of deteriorating environmental conditions also benefit the silicone structural glazing industry around the world.
The silicone structural glazing market size can also expand on the back of the rapidly mounting demand for innovative facade systems. Developments in glass technology and their rising installation can lead to higher growth of the silicone structural glazing market in the years ahead. The expanding application scope of glass facade systems to curb environmental concerns in buildings can also help the industry size develop swiftly in the approaching years.
That said, the requirement for high capital investments can slacken the market growth rate in the coming years. But, the escalating adoption rate of the smart city concept and the general expansion of the construction industry can ensure relentless growth of the silicone structural glazing market from 2017 to 2023.
The market segmentation of silicone structural glazing comprises type, material and end-use.
The types studied by the experts in the report are two-sided structural glazing, four-sided structural glazing, stepped glass glazing, total vision systems glazing u-shaped glazing, slope glazing, and others. The four-sided structural glazing has the capacity to attain the leading position, on account of the increasing consumption of energy in public, residential and commercial buildings, generating higher need for advanced glass facade systems to facilitate complete vision as well as emission control via green buildings. This type is mostly deployed in the commercial sector to curb the energy consumption within the building.
The types of materials discussed in the report are aluminum structural framing, glass panels, EPDM and silicone sealants. In 2016, glass panels led the global market and can be the fastest gaining segment in the coming years. The increasing demand for glass panels among significant end users has resulted in a lucrative market for glass panels in the silicone structural glazing market.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/silicone-structural-glazing-market-5011
Prime end-users profiled in the report are public, residential and commercial. In 2016, the commercial sector dominated the market and is believed to achieve the highest expansion rate during the evaluation period. The prime reasons for the segment’s rapid growth include the increasing number of strict emission standards, augmented demand for glass facade systems, and the mounting need for green buildings.
Europe, North America, Asia Pacific (APAC) and the rest of the world (RoW) are the main markets for silicone structural glazing.
APAC’s considerable growth in the silicone structural glazing market is the result of its thriving construction industry along with the rapid population boom. The decline in the interest rates in the construction industry also boosts the market demand in the region. The consistent economic growth, expansion of the construction and housing market in China and India and the rigid emission norms induce notable growth in the silicone structural glazing market. The surge in renovation activities coupled with the presence of a high number of renowned vendors also play a vital role in the regional market growth.
The North American market is riding high on the back of factors like escalating demand for energy-efficient buildings as well as advanced facade systems in the United States (U.S) and Canada. With the rapid advancements in the installation technology, massive demand for green buildings and t sizeable investments being made in different infrastructural projects, the region can achieve a better position in the global market during the assessment period.
Sika AG (Switzerland), Asahi Glass Co. Ltd (Japan), Schott AG (Germany), PPG Industries, Inc. (U.S), Guardian Glass (U.S.), Nippon Sheet Glass Co. Ltd (Japan), The DOW Chemical Company (U.S), 3M Company (U.S.), YKK Corporation (Japan), Saint-Gobain S.A. (France), Central Glass Co., Ltd.
(Tokyo), Permasteelisa S.P.A (Italy), Xinyi Glass Holdings Limited (Hong Kong), Arkema SA (France), Sisecam Group (Turkey), are some of the top competitors in the silicone structural glazing market.
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