@Silicone structural glazing market forecast to reach $43.95 billion by 2022(27/09/2560)

27 Sep 2017
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Pune, India - The report, "Silicone Structural Glazing Market by Type (Four-Sided Structural, Two-Sided Structural, Total Vision Systems), Material (Aluminum Structural Framing, Glass Panel, Silicone Sealant), End Use (Commercial, Public), and Region - Global Forecast to 2022," published by MarketsandMarkets, the market size is estimated to grow from $28.69 billion in 2017 to $43.95 billion by 2022, at a CAGR of 8.90 percent. It is projected to witness significant growth in the next few years due to advancements in glass technology and the installation efficiency in facade systems. The growing demand for advanced facade systems in the building and construction sector, along with environmental concerns and energy efficiency in buildings are the key factors driving the growth of the silicone structural glazing market. The market has opportunities owing to the rise in demand for green buildings and the rise in investments in infrastructural projects in developing economies. The four-sided structural segment, by type, is projected to dominate the silicone structural glazing market through 2022. The dominant position of this segment can be attributed to the rising energy consumption by the commercial, public and residential buildings, which will generate more requirements for advanced glass facade systems, which are mainly used for total vision and emission control through green buildings. They are largely used in the commercial sector to reduce the energy consumption in the building. The commercial sector dominated the market in 2016 and is projected to be the fastest-growing end use sector over the next five years, as a result of the rising stringent emission standards, rising demand for glass facade systems, and the growing requirement for green buildings. The growing building and construction industry, along with the rising standardization in facade systems, drive the silicone structural glazing market growth. The Asia Pacific region accounted for the largest share of the silicone structural glazing market in 2016, wherein China was the largest country-level market. The governments' stringent emission norms and the growth of the commercial, public and residential sectors are some of the factors driving the silicone structural glazing market in Asia Pacific. The market in this region is growing rapidly due to the considerable increase in building and construction activities, along with the presence of numerous leading players, which play a crucial role in the growth of the market for silicone structural glazing. The major players in the silicone structural glazing market include Nippon Sheet Glass Co. Ltd. (Japan), Asahi Glass Co., Ltd (Japan), YKK Corporation (Japan), Central Glass Co., Ltd. (Japan), Xinyi Glass Holdings Limited (China), Shanghai Yaohua Pilkington Glass Group Co., Ltd. (China), Kibing Glass (China) and Taiwan Glass Ind. Corp Source: rubber world (26/09/2017)

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