Construction silicone sealants are versatile materials used to seal gaps and joints in buildings, providing protection against air, water, and temperature fluctuations. They are widely used in the construction industry for applications such as window installation, roofing, and plumbing. According to the new market research report "Construction Silicone Sealants Market by Type (One Component, two Component), Curing Type (Acetoxy, Alkoxy, Oxime), Application, End-Use Industry (Residential, Commercial, Industrial) and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Construction Silicone Sealants Market size is expected to grow from USD 3.5 billion in 2021 to USD 4.5 billion by 2026, at a CAGR of 5.0% during the forecast period.

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The growth is due to the growing demand for windows & doors systems, weatherproofing and other applications throughout the world. The silicone sealants are widely used for glazing, bathroom, and kitchen applications. The increasing demand from residential housing and commercial offices, along with rising infrastructure output from key sub-sectors, such as roads, rail, energy, and water and sewerage, is boosting the demand for construction silicone sealants.

The industrial growth of construction silicone sealants is driven by several factors:

• Infrastructure Development: With rapid urbanization and infrastructure development projects worldwide, there is a growing demand for construction materials, including silicone sealants, to ensure the durability and longevity of buildings and structures.

• Waterproofing and Weatherproofing: Silicone sealants are highly effective in waterproofing and weatherproofing applications, making them essential for protecting buildings from moisture ingress, leaks, and environmental damage.

• Energy Efficiency: Sealants play a crucial role in enhancing the energy efficiency of buildings by sealing gaps and preventing air leakage, which helps reduce heating and cooling costs. As energy efficiency regulations become more stringent, the demand for high-performance sealants continues to rise.

• Expansion in Residential and Commercial Construction: The residential and commercial construction sectors are significant consumers of silicone sealants, using them for various sealing and bonding applications in both new construction and renovation projects.

• Industrial and Infrastructure Projects: Silicone sealants are also widely used in industrial and infrastructure projects, including bridges, highways, and airports, where they provide critical protection against environmental elements and structural movement.

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Insulating glass is expected to be the fastest-growing application in the Construction silicone sealants market during the forecast period.

Insulating Glass is the fastest-growing application segment in the Construction silicone sealants market. Rising number of energy-efficient construction projects in residential and commercial end-use industries will drive the demand for silicone sealants in the insulating glass application.  It accounted for a share of about 14.4% of the construction silicone sealants market, in terms of value, in 2020.

APAC is expected to hold the largest market share in the global construction silicone sealants market during the forecast period.

APAC accounted for the largest share of the Construction silicone sealants market in 2020. The market in the region is growing because of growing building & construction activities in emerging countries, increasing domestic demand, income levels, and easy access to resources. The market is also driven by foreign investments, supported by cheap labor and economical and accessible raw materials.

Construction Silicone Sealants Market Key Players

Dow (US), Wacker Chemie AG (Germany), Elkem ASA (Norway), Momentive (US), and Shin-Etsu Chemical Co. Ltd. (Japan), are the leading construction silicone sealants manufacturers, globally.

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Dow is the largest player in the market. Dow is one of the leading names in chemical market and provides extensive range of products in Silicone sealant market for building and construction sector especially. The company has good financial backgrounds and geographical presence with 106 manufacturing sites in 31 countries.

Wacker Chemie AG is the second-largest player of the construction silicone sealants market, globally. The company is one of the leading chemical company and manufactures products in the field of Silicone, polymer, life sciences and polySilicone markets for all key global industries. In March 2018, the company opened a new laboratory in the Moscow Technical Center, for adhesives and sealants, in Russia to increase its research and development capacity as well as have more innovations in sealants market.

Recent Developments

• In January 2021, Momentive acquired silicone business of KCC corporation in South Korea and UK. The company also acquired sales operation in China. This acquisition will further enhance Momentive's global capabilities in advanced silicones and specialized applications.
• In September 2019, Sika AG The company agreed to acquire Silicone sealants and adhesives producer, Crevo-Hengxin. This aims to expand target markets industry and enhance sealing & bonding presence in China and the Asia Pacific region while gaining additional Silicone technology with better production capacity.
• In  December 2018, Elkem ASA opened a new research & development Center at Saint-Fons site. It will support the growth strategy of developing value-added silicones specialties.