Silicone Structural Glazing Market Research, 2031
The global silicone structural glazing market size was valued at $38.1 billion in 2021, and is projected to reach $81.6 billion by 2031, growing at a CAGR of 7.8% from 2022 to 2031. Silicone structural glazing can be defined as a type of curtain wall technique that uses silicone sealant to retain the glass and other façade panels to the underlying framing structure.
Structural glaze offers a building highly aesthetic appeal along with various functional benefits. It performs better than a masonry wall in preventing the building from wind and rain. Its maintenance is easy and cost-effective. Moreover, it makes least use of metal components, thus becoming ideal for environments with high humidity. In addition, silicone structural glazing can accommodate extensive dynamic forces acting on the structural glaze, such as high temperature variations, wind loads, dead load of curtain wall, and others stress and shear forces on the building. It allows the architects to create dramatic and unique facades. Silicone structural glazing technology promotes optimum sound and heat insulation. The elimination of thermal breaks and unnecessary metal can further reduce building costs along with the aforementioned advantages. Such advantages boost the silicone structural glazing industry.
Silicone structural glazing experiences an increase in demand, especially in the commercial building sector of developed regions such as North America, Europe, and countries such as UAE, and Saudi Arabia in the Middle East. This is attributed to rise in demand for office spaces, rise in urban population, and positive business prospect. Various builders across the world, especially in the above-mentioned regions thus invest in the commercial building construction projects. Moreover, the building improvement projects are undertaken across the world to make the buildings more energy efficient and safe for the inhabitants. This factor also plays important role in driving demand for silicone structural glazing. Furthermore, rise and recovery in tourism industry has increased demand for elegant hospitality buildings; thereby; driving demand in silicone structural glazing market.
In addition, major manufacturers of silicone structural glazing components offer a wide range of products and services, to meet the customer needs. They constantly innovate their offerings to stay competitive in the market. In March 2021, for instance, Guardian Glass introduced Guardian Bird1st™ Etch glass, a highly innovative offering which is anti-reflective in nature. This feature makes it suitable for application in storefronts and other commercial showcases.
COVID-19 spread rapidly across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic halted the production of many components of silicone structural glazing due to lockdown. The economic slowdown initially resulted in reduced spending on various building residential and non-residential building construction projects. However, owing to the introduction of various vaccines, the severity of COVID-19 pandemic has significantly reduced. As of mid-2022 the number of COVID-19 cases have diminished significantly. This has led to the full-fledged reopening of silicone structural glazing component manufacturing companies at their full-scale capacities. Moreover, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.
Furthermore, the commercial building sector is strongly expected to witness growth in the coming years. This is attributable to increase in urban population, and increase in service sector job opportunities. Such factors are anticipated to provide lucrative opportunities for the silicone structural glazing market growth.
The silicone structural glazing market is segmented into Type, Material and Application. On the basis of type, the market is categorized into four-sided structural, two-sided structural, total vision systems, and other. On the basis of material, the market is categorized into new glass, metal, and other. On the basis of application, it is categorized into residential and non-residential. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific held the largest silicone structural glazing market share in 2021, accounting for the highest share. Whereas, LAMEA is anticipated to maintain this trend during the forecast period. This is attributed to increased investments in building construction projects for and non-residential purpose.
Competition Analysis
Key companies profiled in the silicone structural glazing market forecast report include 3M, AGC Inc., Central Glass Co., Ltd., DeaMor Associates, Inc., Finepoint, Flachglas Wernberg GmbH, Guardian Glass, LLC, Kommerling UK Sealants & Adhesives, Nippon Sheet Glass Co. Ltd., Oldcastle BuildingEnvelope, Pecora Corporation, Permasteelisa S.p.A, PPG Industries Inc., Schott AG, Sika AG, Dow, and YKK Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the silicone structural glazing market analysis from 2021 to 2031 to identify the prevailing silicone structural glazing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the silicone structural glazing market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global silicone structural glazing market trends, key players, market segments, application areas, and market growth strategies.
Silicone Structural Glazing Market by Type Report Highlights
Aspects | Details |
Market Size By 2031 | USD 81.6 billion |
Growth Rate | CAGR of 7.8% |
Forecast period | 2021 - 2031 |
Report Pages | 315 |
By Type |
|
By Material |
|
By Application |
|
By Region |
|
Key Market Players | AGC Inc., 3M, YKK Corporation, Nippon Sheet Glass Co. Ltd., PPG Industries Inc., SCHOTT AG, Permasteelisa S.p.A, DeaMor Associates, Inc., Guardian Glass, LLC, Flachglas Wernberg GmbH, Dow, Sika AG, Central Glass Co., Ltd., Oldcastle BuildingEnvelope, Kommerling UK Sealants & Adhesives, Pecora Corporation, Finepoint |
Analyst Review
The silicone structural glazing market has witnessed significant growth in past few years, owing to surge in spending on building construction activities, especially the commercial buildings.
Building owners, especially in the high-income countries such as the U.S., Canada, Japan, and others invest extensively in refurbishing old buildings to give them modern looks and functionality. This drives demand in silicone structural glazing market, as it gives enhanced and modern look to the buildings along with modern functionalities, such as energy efficiency, low maintenance, light weight structure and others. In addition, rise in urbanization and surge in employment in service sector positively influence the commercial building construction sector; thereby increasing the demand in silicone structural glazing market. Furthermore, rise in popularity of green and zero-energy buildings, is expected to drive the demand for silicone structural glazing market. In addition, global tourism sector is driving the demand for construction of elegant accommodations for guests, which in turn drives the demand for high end hospitality buildings; thereby, driving demand for silicone structural glazing market.
Moreover, the rapid development in the emerging economies, positively affects the commercial real estate sector. This is anticipated to provide lucrative opportunities for the market growth.
The increased popularity of glass facades for commercial buildings is a major trend positively influencing the market.
Silicone Structural Glazing is extensively used to join glass panels to metal framing of the building.
Asia-Pacific is the largest regional market for Silicone Structural Glazing Market.
$38,045.4 Million is the estimated industry size of Silicone Structural Glazing Market.
3M, AGC Inc., Central Glass Co., Ltd., DeaMor Associates, Inc., Finepoint, Flachglas Wernberg GmbH and Guardian Glass, LLC are some of the top companies to hold the market share in Silicone Structural Glazing Market
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
The Silicone Structural Glazing market is projected to reach $81,605.9 million by 2031.
Latest version of global Silicone Structural Glazing market report can be obtained on demand from the website.
Loading Table Of Content...