The global construction silicone sealants market size is estimated to grow from USD 3.5 billion in 2021 to USD 4.5 billion by 2026, at a CAGR of 5.0% during the forecast period. The growth is due to the growing demand for windows & doors systems, weatherproofing and other applications throughout the world. The silicone sealants are widely used for glazing, bathroom, and kitchen applications. The increasing demand from residential housing and commercial offices, along with rising infrastructure output from key sub-sectors, such as roads, rail, energy, and water and sewerage, is boosting the demand for construction silicone sealants.
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The key application areas of construction silicone sealants include glazing, flooring & joining, sanitary & kitchen, insulating glass, decoration and windows & door systems among others. These applications are growing, which has subsequently spurred the growth of the construction silicone sealants market. The increasing penetration of silicone sealants in new applications, such as weatherproofing, decoration, structural bonding, ductwork, and structural glazing in the construction industry is driving the construction silicone sealants market. The major applications of construction silicone sealants are in window framing, sanitary & kitchen, expansion joints, floor systems, walls, and panels. Under changing atmospheric conditions, they provide stress-bearing capability and prevent cracking. they are also used in construction applications such as weatherproofing of nonporous & porous substrates, sealing expansion joints, sanitary joints in bathroom & kitchen fixtures, electrical conducts, fire-rated joints on pipes, ducts and electrical wiring in ceilings & within buildings. In addition to the silicon sealants optimized for the construction industry, processors also use these sealants to create strong adhesive bonds and are resistant to chemicals, moisture, and weathering. Water-resistant silicone sealants are ideal for repairing areas around sinks and other areas where water is frequently found.
Increasing investments in construction activities, such as airports, bridges, dams, and metro stations are also increasing the demand for silicone sealants for weatherproofing, expansion joints, panels, and other applications.
Increasing demand for permanent, non-slum houses across India and other developing countries such as Brazil, China, Indonesia, and Vietnam is primarily driven by the growth in population, urbanization, and rising income. This rapid growth in residential housing in these countries is driving the construction sealants market.
APAC accounted for the largest share of the Construction silicone sealants market in 2020. The market in the region is growing because of increased foreign investments because of cheap labor and availability of raw materials. Government proposals to improve manufacturing and rising capital intensive non-residential construction, coupled with the increase in demand from commercial construction projects.
Construction silicone sealants is a diversified and competitive market with a large number of global players and few regional and local players. Dow (US), Wacker Chemie AG (Germany), Elkem ASA (Norway), Momentive (US), Shin-Etsu Chemical Co. Ltd. (Japan), are some of the key players in the market.
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