New York (US), May 25, 2023 (GLOBE NEWSWIRE) -- Silicone Structural Glazing Industry Overview
The MRFR study reports imply that the “Silicone Structural Glazing Market Research Report Information by Material, Region, Type, and End-Use - Forecast Till 2030”, the global Silicone Structural Glazing market research predicts that the market is likely to bolster substantially during the review era from 2023 to 2032 at a substantial growth rate of around 7.6%. The reports further predict that the Silicone Structural Glazing market size will be nearly USD 79.07 billion by the end of 2032.
Market Scope:
Utilizing silicone adhesive along with the glass is called the glazing technique. This sealant refers to an adhesive helping to tolerate thermal stress and wind load. Structural glazing has plenty of benefits. They are ideal for lots of applications in the consecution work. The global Silicone Structural Glazing industry has lately demonstrated immense development. The primary parameter causing a surge in the performance of the market is the growing demand for the faced systems in the building.
Furthermore, the growing adoption of the smart city is also believed to be one of the crucial parameters enhancing the performance of the market. Governments in several nations are developing smart cities. In addition, the rapid adoption of advanced glass-faced systems is also likely to enhance the performance of the market over the coming years.
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Competitive Analysis
The listing of the prominent leaders across the global market for Silicone Structural Glazing includes players such as:
- Xinyi Glass Holdings Limited (Hong Kong)
- Sisecam Group (Turkey)
- Nippon Sheet Glass Co. Ltd (Japan)
- Central Glass Co., Ltd. (Tokyo)
- Asahi Glass Co., Ltd (Japan)
- Permasteelisa S.P.A (Italy)
- PPG Industries, Inc. (U.S)
- YKK Corporation (Japan)
- Arkema SA (France)
- 3M Company (U.S.)
- Saint-Gobain S.A. (France)
- The DOW Chemical Company (U.S)
- Sika AG (Switzerland)
- Schott AG (Germany)
- Guardian Glass (U.S.)
- Among others.
Report Scope:
| Report Attribute | Details |
| Market Size 2032 | USD 79.07 billion |
| Compound Annual Growth Rate (CAGR) | 7.6% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Dynamics | Increased adoption of silicone structural glazing in emerging economies with rapid urbanization and infrastructure development |
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Market USP Covered
Market Drivers
The global Silicone Structural Glazing industry has lately demonstrated immense development. The primary parameter causing a surge in the performance of the market is the growing demand for the faced systems in the building. Furthermore, the growing adoption of the smart city is also believed to be one of the crucial parameters enhancing market performance. Governments in several nations are developing smart cities. In addition, the rapid adoption of advanced glass-faced systems is also likely to enhance the performance of the market over the coming years. Moreover, factors such as the rising incomes from economic growth, the considerable growth in the construction industry with the population boom, stringent emission norms, and the growth of the commercial, public, & residential sectors are also likely to have a positive impact on the performance of the market over the coming years.
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Market Restraints
On the contrary, some parameters may restrict the market's development. The main parameter limiting the market's development is the high costs associated. Furthermore, the factors such as a lack of investment, a lack of money, and government laws are also projected to restrict the market's development. Moreover, the fluctuation of the cost of raw materials during the pandemic is also likely to limit the market's growth worldwide over the coming years.
COVID-19 Impact
The COVID-19 pandemic has had a massive impact on several industry areas worldwide. The Silicone Structural Glazing market is no different than others. The market experienced a tremendous setback during the pandemic, given the halt of several industrial operations and manufacturing activities. However, with the world recovering from the impact caused by the global health hazard, the market is anticipated to grow considerably over the coming years.
Segment Analysis
Among all the material types, the glass panel segment is anticipated to secure the leading position across the global market over the assessment period given to the light transmission property of glass.
Among all the end-use sectors, the commercial segment is anticipated to secure the leading position across the global market over the assessment period, given the increasing demand for green/eco-friendly buildings, rise in the construction of commercial buildings & institutes, and growing usage of glass facade systems.
Regional Analysis
The global market for Silicone Structural Glazing is studied across five major parts: Asia-Pacific, Europe, North America, Latin America, and Middle & Africa.
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The research reports by MRFR suggest that the Asia-Pacific region is anticipated to secure the top position across the global Silicone Structural Glazing industry over the coming years. The region has China and India as the leading growth contributors. The main parameter supporting the development of the regional market is the new entries of key players contributing to high growth. Furthermore, the growing carbon emission issues across the region are also likely to enhance the performance of the regional market. Moreover, the growing capital investments are also anticipated to boost the regional market's performance over the assessment period. In addition, the increasingly efficient and eco-friendly production of silicone structural glazing is also projected to catalyze the performance of the regional market over the coming years.
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