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Silicone Structural Glazing Global Market Report 2024 Market Research Report 2024-2033 | Size, Share Analysis And Strategies
Silicone Structural Glazing Global Market Report
According to The Business Research Company's, The silicone structural glazing market size has grown strongly in recent years. It will grow from $39.51 billion in 2023 to $43.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to architectural trends and aesthetics, urbanization and construction boom, energy efficiency and green building standards, regulatory standards for building safety, demand for natural light in buildings.
The silicone structural glazing market size is expected to see strong growth in the next few years. It will grow to $57.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to focus on sustainable construction materials, innovations in glazing system design, global emphasis on energy-efficient buildings, urban renewal and infrastructure projects, resilience and seismic safety. Major trends in the forecast period include increasing demand for energy-efficient buildings, architectural innovation and aesthetic appeal, high-performance silicone sealants, focus on safety and compliance, technological advancements in glazing systems, market expansion in emerging economies.
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Market Drivers and Trends:
The growing demand for the building and construction industry is expected to propel the growth of the silicone structural glazing market going forward. Construction is installing and assembling project equipment and materials on-site under authorized construction specifications. The silicon structural glazing system shields the structure from the external elements and maintains the curtain wall, which transmits wind loads to the design. For instance, in June 2021, according to the Stats NZ Tauranga Aotearoa, a New Zealand-based government data agency, building activities increased by 3.7% in March 2021. Further, in 2021, residential activities rose 4.3% compared to 2020. Additionally, in February 2023, according to US Census Bureau, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022 with a growth rate of 10.2%. Therefore, the growing demand for the building and construction industry is driving the growth of the silicone structural glazing market.
Product innovations have emerged as the key trend gaining popularity in the silicone structural glazing market. Major companies operating in the silicone structural glazing market are developing product innovations to strengthen their position in the market. For instance, in April 2022, YKK AP America Inc., a US-based technology-oriented manufacturer of commercial facade systems and residential doors and windows, launched YWW 60 XT Window Wall. The YWW 60 XT window wall was developed to complete YKK AP's extensive array of window wall systems. The YWW 60 XT provides various options, including pre-glazed or field-glazed, inside or externally glazed, captured, 2, 3, or 4-sided structural silicone glazing (SSG) combinations, and dual-finish capacity, to support a wide range of creative architectural designs and applications. The unique feature of this product is its improved thermal performance, enhanced by 40 mm polyamide iso-struts, increased structural load capacity, and up to 12-foot mullion span.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
3M Company; Nippon Sheet Glass Co. Ltd.; SCHOTT AG; Sika AG; The Dow Chemical Company; Asahi Glass Co. Ltd.; Compagnie de Saint-Gobain S.A.; DeaMor Associates Inc.; Flachglas Wernberg GmbH; Oldcastle BuildingEnvelope Inc.; Pecora Corporation; Sisecam Group; Shanghai Yaohua Pilkington Glass Group Co. Ltd.; Taiwan Glass Ind. Corp.; Kibing Glass; Central Glass Co. Ltd.; AGC Inc.; Finepoint; Kommerling UK Sealants & Adhesives; Permasteelisa S.p.A.; Momentive Performance Materials Inc.; Wacker Chemie AG; Tremco Illbruck; H.B. Fuller; Kömmerling Chemische Fabrik GmbH; PPG Industries Inc.; YKK AP Inc.; Alcoa Corporation; Vitro Architectural Glass; Guardian Glass; Apogee Enterprises Inc.; Viracon; Trulite Glass & Aluminum Solutions; Binswanger Glass; Glaston Corporation
Silicone Structural Glazing Market 2024 Key Insights:
• The silicone structural glazing market will grow to $57.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• Silicone Structural Glazing Market Surges Amidst Increasing Demand In The Building And Construction Industry
• Innovative Strides Redefine The Silicone Structural Glazing Market With The Yww 60 Xt Window Wall
• Asia-Pacific was the largest region in the silicone structural glazing market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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