What will be the size of Silicone Structural Glazing Market in 2017 to 2024...?

Global Silicone Structural Glazing Market will gain substantial growth owing to growing demand for innovative facade systems. Improvements in glass technology and the installation efficacy will be the key factors driving the silicone structural glazing market growth. Increasing application scope in facade systems for energy efficiency and environmental concerns in buildings will further influence industry size.

Increasing investments in infrastructural projects in emerging economies like India and China will provide lucrative opportunity for manufacturers. Development of the public, commercial, and residential buildings, coupled with the arising necessity for green constructions is fueling the silicone structural glazing market growth.

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Manufacturers are expected to invest in R&D activities to reduce the overall costs and improve the eminence of glass over the forecast period. In addition, increasing residential and commercial projects driving the demand for glass facade systems. However, factors including need for high capital investments and government regulations regarding carbon emissions may hamper the silicone structural glazing market.

Based on product type, silicone structural glazing market can be segmented as two-sided, four-sided, stepped glass, slope, u-shaped and vision systems. The four-sided structural segment is anticipated to dominate the industry over the projected timeframe owing to the growing concern regarding energy consumption by the public, commercial, and residential buildings. Increasing necessity for advanced glass facade systems, that are mainly used for total vision and emission control through green buildings to reduce the energy consumption will propel industry size.

On application basis, commercial segment was estimated to dominate the industry and is expected to grow with same pace over the projected timeframe. The growth can be attributed to increasing stringent emission regulations, growing demand for energy efficient systems in commercial buildings. Rapid expansion of building & construction sector along with the expanding standardization in facade systems will propel the product demand.

Asia Pacific region accounted for a major industry share followed by North America and Europe. Stringent emission norms and rapidly growing commercial & residential sectors are major factors driving the regional growth. China industrial sector is witnessing rapid growth owing to the substantial investment in construction activities. In addition, the presence of many leading players is expected to play a crucial role in the development of silicone structural glazing market.

Key Players of the industry include Asahi Glass, Nippon Sheet Glass, PPG Industries, Arkema SA, Saint-Gobain S.A, Sika AG, Dow Chemical Company, 3M Company, YKK Corporation, Shanghai Yaohua Pilkington Glass Group, Cardinal Glass Industries, Permasteelisa S.p.A., Arkema Sa and Schott Ag. The industry players are focusing on increasing the R&D for enhancing their product portfolio. Long term collaboration with the companies operating in the application segment with mutual agreements for better profit margins is the key strategy adopted by the manufacturers to enhance their market share.

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