Impact of Covid-19 Outbreak on Silicone Structural Glazing Market

07/ago/2020 10:01:23 Automotive Market Research Reports Contatta l'autore

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 The global market for silicone structural glazing 2020 can potentially achieve a growth rate of 8.5% over the forecast period (2017 to 2023).

Top Growth Boosters and Primary Restraints

Silicone structural glazing market size can note persistent expansion in the near future, thanks to the mounting demand for innovative facade systems along with the advancements in glass technology. Surging application scope in advanced facade systems to save energy and the rising environmental concerns in buildings can also facilitate revenue generation in the market during the appraisal period.

Substantial investments in infrastructural projects, particularly in emerging countries like India and China can offer lucrative opportunities to the leading manufacturers. The silicone structural glazing market can also find huge opportunities in the form of soaring demand for green buildings along with the growing investments in infrastructural projects around the world.

Most of the leading manufacturers are sensing the opportunities lying in the market and are expected to invest massively in research and development (R&D) activities to bring down the overall costs and also enhance the eminence of glass in the forthcoming years. Additionally, surge in the number of residential and commercial projects across several regions can work in favor of the silicone structural glazing market in the following years.

Market Segmentation

Global market for silicone structural glazing has been extensively studied by MRFR experts and in order to offer a highly detailed analysis, the report segments the market with respect to type, material, and end-use.

The type-based market segmentation includes two-sided structural glazing, four-sided structural glazing, stepped glass glazing, slope glazing, total vision systems glazing, u-shaped glazing, and others. Out of these, the market is expected to be led by the four-sided structural segment throughout the review period, on account of the increasing energy consumption by the public, residential and commercial, buildings. The surge in energy consumption is projected to lead to a higher need for advanced glass facade systems, which are primarily used for proper vision as well as emission control via green buildings. These largely find use in the commercial sector with the aim to bring down the energy consumption within the building.

The materials covered in the report are aluminum structural framing, glass panels, EPDM and silicone sealants. The glass panels segment led the market in 2016 and is deemed to grow at the fastest-rate in the near future. The rising application of glass panels across prominent end-users is giving rise to a fruitful market for silicone structural glazing.

Considering the end-user, the market segments are public, residential and commercial. The commercial sector’s coverage of the market was maximum in 2016 and it shows the potential to achieve the fastest growth over the next couple of years. The strong growth of the said segment in the market is in response to the increasing number of strict emission standards, amplified demand for glass facade systems, and the surging need for green buildings. The booming building & construction industry paired with the increasing standardization in facade systems is resulting in the progression of the silicone structural glazing market all over the world.

Regional Insight

Asia Pacific (APAC), North America, Europe, and the rest of the world (RoW) are the primary markets for silicone structural glazing.

With the largest share in the global silicone structural glazing market, APAC claimed the leading position in 2016. China leads the regional market, with the chief reasons being the rigid emission norms as well as the boom in the public, residential and commercial sectors, to name a few. The regional market gets a considerable boost from the rapid surge in renovation activities along with the presence of a number of well-established players that are constantly battling in an attempt to secure a better position in the region.

The silicone structural glazing market in North America is expanding significantly on the back of the huge utilization of the target product in sectors like public, residential, and commercial buildings. Besides, the accelerated demand for energy-efficient buildings as well as advanced facade systems can stimulate the regional market growth in subsequent years.

Leading Players

Saint-Gobain S.A. (France), PPG Industries, Inc. (U.S), Arkema SA (France), Nippon Sheet Glass Co. Ltd (Japan), Schott AG (Germany), Xinyi Glass Holdings Limited (Hong Kong), Central Glass Co., Ltd. (Tokyo), YKK Corporation (Japan), Permasteelisa S.P.A (Italy), Sika AG (Switzerland), The DOW Chemical Company (U.S), 3M Company (U.S.), Asahi Glass Co., Ltd (Japan), Guardian Glass (U.S.), Sisecam Group (Turkey), are the leading companies in the global market for silicone structural glazing.

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