Silicone In Construction Industry Market - Forecast(2024 - 2030)

Report Code: CMR 57819 Report Format: PDF + Excel

Silicone in Construction Industry Market Overview

Silicone in Construction Industry Market is expected to be valued at $9.2 billion by the end of the year 2026 after growing at a CAGR of 4.5% during the forecast period from 2021-2026. The increasing government initiatives and investments in the construction sector are vastly driving the silicone in the construction industry. For an instance, the government of India reserved a fund of US$ 14.5 billion for infrastructural and construction activities. The increase in repair and maintenance activities of old buildings and infrastructure is also driving the demand for silicone in the construction industry. Silicone is also used as polysiloxanes, (a type of polymer belonging to fluoropolymers made of siloxane), in sealants, adhesives, lubricants and for thermal and electrical insulation in construction industry. Fluorinated silicones are used for insulations in the construction industry.

Covid-19 Impact

Amid the COVID-19 crisis, the silicone in the construction Industry has been affected in terms of distribution and logistics. The economic slowdown caused the standstill of the production of silicone and distribution of the stock. The pandemic has also caused disruptions in the construction industry, which has further led to the slowdown of silicone consumption in the construction sector. The various economical and legal restrictions across the globe owing to the global pandemic covid-19 slowed down the inter-country activities, import and export of silicones. This lead to the silicone in construction industry market to incur huge losses. The situation is however estimated to improve by the end of the year 2021.

Report Coverage

The report: “Silicone in Construction Industry Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Silicone in Construction Industry.

By Application: Sealants, Adhesives, Paints and Coatings, Rubber, Surfactants, and Others.
By Functional Area: Roofing, Flooring, Sealing, Tiling, Plumbing, Laminating, and Others
By Industry Verticals: Residential Construction. Commercial Construction, Industrial Construction, and Infrastructure.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and RoW (Middle East and Africa). 

Key Takeaways

  • Asia-Pacific market is expected to hold the largest share in the silicone in construction industry owing to the presence of developing economies and the rising construction activities.
  • Some of the main driving factors of silicone in construction industry is the rising public and private investments in construction activities.
  • The growth of construction activities has also contributed to the growth of silicone in construction industry.
  • The increase in repair and maintenance activities in the construction industry is also hugely driving the silicone in construction industry.
  • During the Covid-19 pandemic, the silicone in construction industry market witnessed a downfall owing to the many restrictions across the globe.


FIGURE: Silicone in Construction Industry Market Revenue, 2020-2026 (US$ Billion)

Silicone in Construction Industry Market Revenue

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Silicone in Construction Industry Market Segment Analysis – By Application

Sealants segment held the significant share in the silicone in construction industry in the year 2020 and is estimated to grow with a CAGR of 5.1% during the forecast timeframe. Higher elongation and lower strength characteristics make it ideal for sealing joints and assemblies, thereby increasing the demand for silicone sealants in the construction industry. Polysiloxanes, a type of silicone fluoropolymer is used for adhesives, sealants, lubricants and insulation in the construction industry. These sealants can be used on diverse materials such as concrete, glass, granite, steel and plastics. These sealants also have excellent hold against extreme conditions. The sealants segment is expected to grow post covid-19 owing to the increase in the construction industry activities.

Silicone in Construction Industry Market Segment Analysis – By Functional Area

Sealing segment held the significant share in the silicone in construction industry in the year 2020 and is growing at a CAGR of 5.1% during the forecast period. The maintenance and repair activities have increased in the construction industry which has increased the demand for sealing works. The construction sector has been on the rise in the present days and it has led to high demand for silicone and related products. Amid the coronavirus pandemic and economic stagnation, the innovation and product development in the silicone sealant market will determine the competition and opportunities in the future for silicone In Construction Industry market. 

Silicone in Construction Industry Market Segment Analysis – By Industrial Verticals

Residential construction segment held the largest share in the silicone market in the construction industry in the year 2020. The increase in repair and maintenance activities in the residential construction has given rise to the need for silicone in construction industry. Silicone is used in paint and coatings which helps in repelling bacterial accumulation. Silicone paint, sealants and adhesives helps in bringing uniformity and increasing the breathability. This has led to high adoption of silicone in the construction industry, especially residential construction.

Silicone in Construction Industry Market Segment Analysis – By Geography

Asia-Pacific region held the largest share of more than 40% in the silicone in construction industry in the year 2020. This growth of silicone in the construction industry in the APAC region can be attributed by the rising construction activities in countries like China, India and South Korea. For instance, in the Union Budget of 2020-2021 made by the Indian government, the government allocated US $6.85 billion (Rs. 50,040 crore) to Ministry of Housing and Urban Affairs. Maintenance and repair activities have increased in the construction industry in these regions owing to the increase in government maintenance activities and initiatives, which has also contributed significantly to the growth of silicone sealants in the construction industry in the region.

Silicone in Construction Industry Market Drivers

Increase in construction activities and government initiatives

The increase in activities related to construction such as maintenance and repair in the recent years, owing to many factors such as government rules and developments clubbed with the increase in government initiatives in increasing the infrastructural activities and restoring existing buildings and facilities has given rise to the use of silicone in the construction industry. For instance, the construction activities in India have grown 12% in the year 2020 more than the previous two years. The government of India has sanctioned projects for Rs.750 billion. This is highly driving the use of silicone and related products in the construction industry thereby driving the growth of silicone market in the construction industry.

Increased use of silicone in sealants and coatings and Excellent properties of silicone products

In the recent days, there is an increase in the use of silicone in products such as sealants and coatings which is driving the silicone market. Silicone in sealants is used to remove the failed sealants and coatings without any trace and enhance the overall look of the building. Silicone helps in revitalizing the overall appearance of the building and gives a rich and improved look. The properties of silicone products in itself is the biggest driving factor of the silicone market in the construction industry. Unique properties such as high resistance to weather, temperature, heat and moisture are making it a preferred product as compared to its substitutes. Silicone products also possess properties like weather stability, oxidation and ozone resistance which gives more advantages than its substitutes.

Silicone in Construction Industry Market Challenges

Fluctuating silicone prices

The volatile and fluctuating prices of silicone in the market is one of the main factors hampering the growth of the silicone market. The price of silicone spiked from 20-25% in the year 2017, and spiked up to 45% in 2020. Therefore, there is no price consistency which is a big challenge to the silicone in construction industry. The production and demand gap are affecting the prices of silicone, which is touching high ceilings at times making it expensive for small-sized and medium sized businesses.

Regulatory guidelines

There are certain regulatory guidelines which is hampering the growth of the silicone market in the construction industry. The production of silicone could result in various hazards, including air pollution, water pollution and toxic releases, which is why there are strict regulations regarding production of silicone, which is acting as one of the biggest challenge to the silicone in construction industry. Wrong usage of silicone in products could prove hazardous and invite lawful actions which could prove futile to the business. For instance, regulatory agencies such as Environmental Protection Agency (EPA) set strict rules to reduce Volatile Organic Compounds (VOC) emissions from the production of products like silicone by 90,000 tons per year. Therefore, certain manufacturers could refrain themselves from using silicone in their products.

Market Landscape

Innovation, product development, acquisitions and mergers and expansion are some of the key strategies adopted by players in the Silicone in Construction Industry. Major players in the Silicone Market in the Construction Industry are Reiss Manufacturing Inc., KCC Corporation, Dow Corning, Shin-Etsu Silicones, Wacker Group, DuPont, Bostik, Kaneka Corporation, Hutchinson and Evonik Industries among others.

Acquisitions/Technology Launches

  • In September 2020, GE Silicones opened a new outlet at PGP Design Centre in Dallas, providing a dedicated centre for local customers.
  • On 2nd Decemebr 2020, Elkem opened a new production outlet in China, which is dedicated to the development and manufacturing of specialised silicones for hybrid and electric vehicles. This is also set to strengthen Elkem’s position as the largest silicone producer in China.
  • On 6th December 2018, Elkem Silicones built a new research and development centre on the Saint-Fons to support its global growth strategy by adding high value-added silicone specialities.

Relevant Reports

Report Code: CMR 1199

Report Code: CMR 0133

Report Code: CMR 47451

 For more Chemicals and Materials Market reports, please click here

1. Silicone in Construction Industry Market- Market Overview
    1.1 Definitions and Scope
2. Silicone in Construction Industry Market - Executive Summary
    2.1 Key Trends by Chemical
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Silicone in Construction Industry Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Silicone in Construction Industry Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Silicone in Construction Industry Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Silicone in Construction Industry Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Silicone in Construction Industry Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Silicone in Construction Industry Market – By Application (Market Size -$Million/Billion)
    8.1 Sealants
    8.2 Adhesives
    8.3 Paints and Coatings
    8.4 Rubber
    8.5 Surfactants
    8.6 Others
9. Silicone in Construction Industry Market – By Functional Area (Market Size -$Million/Billion)
    9.1 Roofing
    9.2 Flooring
    9.3 Sealing
    9.4 Tiling
    9.5 Plumbing
    9.6 Laminating
    9.7 Others
10. Silicone in Construction Industry Market - By Industry Verticals (Market Size -$Million/Billion)
    10.1 Residential construction
        10.1.1 Independent homes
        10.1.2 Row homes
        10.1.3 Large apartment buildings
    10.2 Commercial construction
        10.2.1 Hospitals
        10.2.2 Schools
        10.2.3 Hotels
        10.2.4 Retail
        10.2.5 Banks
        10.2.6 Airports
        10.2.7 Others
    10.3 Infrastructure
        10.3.1 Roads and Highways
        10.3.2 Bridge
        10.3.3 Others
    10.4 Industrial Construction
11. Silicone in Construction Industry Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherland
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 U.A.E
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Silicone in Construction Industry Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Silicone in Construction Industry Market – Market Share Analysis Premium
    13.1 Company Benchmarking Matrix - Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Silicone in Construction Industry Market – Key Company List by Country Premium Premium
15. Silicone in Construction Industry Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
    "*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Silicone In Construction Industry Market, By Type Market 2023-2030 ($M)
1.1 Silicone Fluid Market 2023-2030 ($M) - Global Industry Research
1.2 Silicone Elastomer Market 2023-2030 ($M) - Global Industry Research
1.3 Silicone Resin Market 2023-2030 ($M) - Global Industry Research
1.4 Silicone Gel Market 2023-2030 ($M) - Global Industry Research
1.4.1 Key Market Trend Growth Factor And Opportunity Market 2023-2030 ($M)
2.Global Global Silicone In Construction Industry Market, By End-Use Market 2023-2030 ($M)
2.1 Roofing Market 2023-2030 ($M) - Global Industry Research
2.2 Flooring Market 2023-2030 ($M) - Global Industry Research
2.3 Sealing Market 2023-2030 ($M) - Global Industry Research
3.Global Silicone In Construction Industry Market, By Type Market 2023-2030 (Volume/Units)
3.1 Silicone Fluid Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Silicone Elastomer Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Silicone Resin Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Silicone Gel Market 2023-2030 (Volume/Units) - Global Industry Research
3.4.1 Key Market Trend Growth Factor And Opportunity Market 2023-2030 (Volume/Units)
4.Global Global Silicone In Construction Industry Market, By End-Use Market 2023-2030 (Volume/Units)
4.1 Roofing Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Flooring Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Sealing Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Silicone In Construction Industry Market, By Type Market 2023-2030 ($M)
5.1 Silicone Fluid Market 2023-2030 ($M) - Regional Industry Research
5.2 Silicone Elastomer Market 2023-2030 ($M) - Regional Industry Research
5.3 Silicone Resin Market 2023-2030 ($M) - Regional Industry Research
5.4 Silicone Gel Market 2023-2030 ($M) - Regional Industry Research
5.4.1 Key Market Trend Growth Factor And Opportunity Market 2023-2030 ($M)
6.North America Global Silicone In Construction Industry Market, By End-Use Market 2023-2030 ($M)
6.1 Roofing Market 2023-2030 ($M) - Regional Industry Research
6.2 Flooring Market 2023-2030 ($M) - Regional Industry Research
6.3 Sealing Market 2023-2030 ($M) - Regional Industry Research
7.South America Silicone In Construction Industry Market, By Type Market 2023-2030 ($M)
7.1 Silicone Fluid Market 2023-2030 ($M) - Regional Industry Research
7.2 Silicone Elastomer Market 2023-2030 ($M) - Regional Industry Research
7.3 Silicone Resin Market 2023-2030 ($M) - Regional Industry Research
7.4 Silicone Gel Market 2023-2030 ($M) - Regional Industry Research
7.4.1 Key Market Trend Growth Factor And Opportunity Market 2023-2030 ($M)
8.South America Global Silicone In Construction Industry Market, By End-Use Market 2023-2030 ($M)
8.1 Roofing Market 2023-2030 ($M) - Regional Industry Research
8.2 Flooring Market 2023-2030 ($M) - Regional Industry Research
8.3 Sealing Market 2023-2030 ($M) - Regional Industry Research
9.Europe Silicone In Construction Industry Market, By Type Market 2023-2030 ($M)
9.1 Silicone Fluid Market 2023-2030 ($M) - Regional Industry Research
9.2 Silicone Elastomer Market 2023-2030 ($M) - Regional Industry Research
9.3 Silicone Resin Market 2023-2030 ($M) - Regional Industry Research
9.4 Silicone Gel Market 2023-2030 ($M) - Regional Industry Research
9.4.1 Key Market Trend Growth Factor And Opportunity Market 2023-2030 ($M)
10.Europe Global Silicone In Construction Industry Market, By End-Use Market 2023-2030 ($M)
10.1 Roofing Market 2023-2030 ($M) - Regional Industry Research
10.2 Flooring Market 2023-2030 ($M) - Regional Industry Research
10.3 Sealing Market 2023-2030 ($M) - Regional Industry Research
11.APAC Silicone In Construction Industry Market, By Type Market 2023-2030 ($M)
11.1 Silicone Fluid Market 2023-2030 ($M) - Regional Industry Research
11.2 Silicone Elastomer Market 2023-2030 ($M) - Regional Industry Research
11.3 Silicone Resin Market 2023-2030 ($M) - Regional Industry Research
11.4 Silicone Gel Market 2023-2030 ($M) - Regional Industry Research
11.4.1 Key Market Trend Growth Factor And Opportunity Market 2023-2030 ($M)
12.APAC Global Silicone In Construction Industry Market, By End-Use Market 2023-2030 ($M)
12.1 Roofing Market 2023-2030 ($M) - Regional Industry Research
12.2 Flooring Market 2023-2030 ($M) - Regional Industry Research
12.3 Sealing Market 2023-2030 ($M) - Regional Industry Research
13.MENA Silicone In Construction Industry Market, By Type Market 2023-2030 ($M)
13.1 Silicone Fluid Market 2023-2030 ($M) - Regional Industry Research
13.2 Silicone Elastomer Market 2023-2030 ($M) - Regional Industry Research
13.3 Silicone Resin Market 2023-2030 ($M) - Regional Industry Research
13.4 Silicone Gel Market 2023-2030 ($M) - Regional Industry Research
13.4.1 Key Market Trend Growth Factor And Opportunity Market 2023-2030 ($M)
14.MENA Global Silicone In Construction Industry Market, By End-Use Market 2023-2030 ($M)
14.1 Roofing Market 2023-2030 ($M) - Regional Industry Research
14.2 Flooring Market 2023-2030 ($M) - Regional Industry Research
14.3 Sealing Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
2.Canada Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
3.Mexico Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
4.Brazil Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
5.Argentina Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
6.Peru Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
7.Colombia Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
8.Chile Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
9.Rest of South America Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
10.UK Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
11.Germany Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
12.France Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
13.Italy Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
14.Spain Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
15.Rest of Europe Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
16.China Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
17.India Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
18.Japan Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
19.South Korea Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
20.South Africa Silicone In Construction Industry Market Revenue, 2023-2030 ($M)
21.North America Silicone In Construction Industry By Application
22.South America Silicone In Construction Industry By Application
23.Europe Silicone In Construction Industry By Application
24.APAC Silicone In Construction Industry By Application
25.MENA Silicone In Construction Industry By Application
26.Evonik Industry Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Hutchinson, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Icm Product Incorporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Kaneka Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Kemira Oyj, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Quantum Silicone, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Silchem Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Speciality Silicone Product Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.The Dow Corning Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Wacker-Chemie Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)