Press release
The US Construction Silicones Market to Hit $1.19 Billion by 2028, the Market Surges as Glazing Applications and Green Building Practices Take Center Stage - Arizton
U.S. CONSTRUCTION SILICONES MARKET - FOCUSED INSIGHTS 2023-2028
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The US construction silicones market is experiencing substantial growth, fueled by a confluence of factors such as the growing appeal of modern architecture, increased DIY activities, a surge in green building practices, rising demand for waterproofing solutions, expanding infrastructure development, a penchant for silicone painting, and a heightened focus on housing unit renovations.
One of the prominent trends steering the market is the escalating demand for green building practices. This has resulted in an upswing in the use of construction silicones for various applications, including fire resistance, UV ray protection, chemical resistance, waterproofing, and weathering resistance. The discerning consumer preference for high-quality construction silicones that offer extended durability is gaining momentum in the market.
A significant trend in the US construction silicones market is the surging demand for sealants utilized in glazing applications within the construction sector. This demand is propelled by the desirable properties of flexibility and durability that these silicones exhibit. Moreover, there is a growing preference for glass coatings to mitigate the impact of UV rays, particularly in commercial spaces. The inherent transparency of silicone further contributes to its increasing popularity in various applications.
In the residential segment of the construction sector, the demand for silicone coatings for waterproofing applications on exterior walls is rising. This reflects a growing awareness of silicones' benefits in enhancing structures' longevity and resilience.
As the market continues to evolve, these trends underscore the dynamic landscape of the US construction silicones sector. Manufacturers and stakeholders adapt to meet the changing demands, ensuring that the industry remains at the forefront of innovation and sustainability.
Surging Demand for UV-Resistant Silicones Drives Growth in the US Construction Silicones Market, Fueled by Thriving Food Processing and Manufacturing Industries
The demand for UV-resistant silicones is rising in the food processing industry. It is ideal for preventing UV rays. The food & beverages industry in the US is increasing significantly. This drives the demand for the construction silicone market in the US during the forecast period.
There is a massive demand for construction silicones in the US manufacturing industry. For instance, the US manufacturing industry accounted for 12% of the GDP in 2021. Demand for construction silicones for waterproofing the roof and walls is rising significantly from manufacturing industries. As silicone is durable and flexible, it is much more suitable for waterproofing applications.
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Future Trend Analysis
Buildings are responsible for greenhouse gas emissions and global energy consumption. With increasing awareness about this, the demand for green buildings is growing in the US construction sector. Green buildings are designed to improve the air quality inside the house, which increases productivity and maintains the health of households. Rising sustainable property demand increases property value. The year-on-year number of green building projects has increased from 2019 in the US, per the US Green Building Council in 2022. Demand for green buildings from single-family residential and offices is growing significantly in the US. Silicone is a versatile material with many green building practice applications due to its energy efficiency, durability, and non-toxicity properties. Thus, it is used for waterproofing and insulation. It helps to maintain the green buildings for a more extended period. Bullitt Center is one of the most energy-efficient buildings in the world in the US. This drives the demand for construction silicones in the US during the forecast period.
The demand for waterproofing solutions in the US is growing significantly due to various factors, including wet & humid climate, increased rainfall and flooding, and increased construction activities. The single-day precipitation has increased in the last few years. Waterproofing solutions can prevent water damage to businesses and homes. In the US, consumer spending on home improvement activities has increased in the previous few years. There is significant demand for waterproofing solutions for sealing leakages in bridges in the US. Many companies offering silicone-based waterproofing solutions in the US include Sika AG, Momentive Performance Materials, Dow, Wacker Chemie AG, Henkel AG & Co. KG, BASF SE, CHT Germany GmbH, etc. It will drive the demand for construction silicone across the US in the upcoming years.
Vendors
Dow
Momentive Performance Materials
Wacker Chemie AG
Shin-Etsu Chemical Co., Ltd.
Elkem
Sika AG
Henkel AG & Co. KG
Mapei, S.p.A.
BASF SE
3M
PPG Industries
H.B. Fuller Company
Milliken & Company
CHT Germany GmbH
Evonik Industries AG
REISS MANUFACTURING, INC.
Arkema Group
Adolf Würth GmbH & Co. KG
Guangzhou Baiyun Chemical Industry Co.,ltd.
Saint-Gobain
The Following Market Segment Analysis is Included in this Report
Segmentation & Forecast
Product Market Insights (2022-2028)
Sealants
Adhesives
Coatings
Others
Application Market Insights (2022-2028)
Roofing
Sealing
Flooring
Others
End-User Market Insights (2022-2028)
Public & Commercial Infrastructure
Residential
Industrial
Market Structure
Market Dynamics
Competitive Landscape of the U.S. Construction Silicones Market
Key Vendors
Other Prominent Vendors
Key Questions Answered in the Report:
How big is the U.S. construction silicones market?
What is the anticipated compound annual growth rate of the U.S. construction silicones market's growth during the forecast period?
What key factors drive the significant growth of the U.S. construction silicones market?
Which companies are considered leading players in the U.S. construction silicones market?
Table of Contents
CHAPTER - 1: US Construction Silicones Market Overview
Executive Summary
Key Findings
Key Developments
CHAPTER - 2: US Construction Silicones Market Segmentation Data
Product Market Insights (2022-2028)
Sealants
Adhesives
Coatings
Others
Application Market Insights (2022-2028)
Roofing
Sealing
Flooring
Others
End-User Market Insights (2022-2028)
Public & Commercial Infrastructure
Residential
Industrial
CHAPTER - 3: US Construction Silicones Market Prospects & Opportunities
US Construction Silicones Market Drivers
US Construction Silicones Market Trends
US Construction Silicones Market Constraints
CHAPTER - 4: US Construction Silicones Market Overview
US Construction Silicones - Competitive Landscape
US Construction Silicones - Key Players
US Construction Silicones - Key Company Profiles
CHAPTER - 5: Appendix
Research Methodology
Abbreviations
Arizton
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