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Silicone Sealants to Witness Significant Growth Owing to Rising Demand from Construction Industry

Published on 2017-08-02. Author : SpecialChem

The U.S. construction silicone sealants market is expected to reach USD 288.1 million by 2025, according to a new report by Grand View Research, Inc.

Rising applications in the construction industry coupled with the benefits offered by silicone sealants are supplementing the demand for silicone sealants in the U.S.

Structural Glazing of Buildings

The market is expected to witness significant demand on account of growing necessity for the substance in the construction industry. The applications of silicone sealants are growing in the construction industry owing to its utilization in gap fillings, bathrooms & kitchen fittings, and expansion joints. The use of the product in the structural glazing of buildings is also expected to aid the market growth.

U.S. Construction Silicone Sealants Market Worth $288.1 Million By 2025
Exterior was the largest application category in 2016 and is expected to maintain a comparatively low growth rate over the forecast period. Interior is expected to witness fastest growth rate over the forecast period.

Residential is expected to grow at the fastest rate over the next 8 years with an estimated CAGR of 5.6% from 2017 to 2025. Houston, Dallas, Washington, New York, Austin, Los Angeles, Phoenix, Seattle, Atlanta, and San Antonio are among the fastest-growing cities in terms of residential construction. Factors such as sustainable community development, easy access to affordable housing, and government support for home ownership in the U.S. are likely to create favorable opportunities for silicone sealants demand in the construction industry.

Key Findings

  • The revenue generated from the U.S. silicone sealants in construction reached USD 184.5 million in 2016 and is expected to grow at a CAGR of 5.1% from 2017 to 2025
  • Exterior emerged as the largest application segment in 2016 and is estimated to grow substantially over the forecast period.
  • The U.S. silicone sealants in the industrial sector was valued at USD 70.8 million in 2016 and is anticipated to witness staggered growth over the next 8 years
  • The industry in Southwest is projected to witness considerable growth over the next decade owing to the rapidly advancing construction industry in the region. The regional market is expected to grow at a CAGR of 7% from 2017 to 2025.
  • Key market participants include Wacker Chemie AG, 3M Company, General Electric Company, CSL Silicones, Inc., and others

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Source: Grand View Research
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