U.S. Construction Silicone Sealants Market Report

U.S. Construction Silicone Sealants Market Analysis, By Sector (Residential, Commercial, Industrial), By Application (Interior, Exterior), By Region (Northeast, Southeast, Midwest, Southwest, West) And Segment Forecasts, 2014 - 2025

Published: August 2017  |  62 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-519-9

Industry Insights

The U.S. construction silicone sealants market size was valued at USD 184.5 million in 2016. Increasing preference for silicone sealants in the construction industry is expected to be a key factor driving the growth. Moreover, several benefits offered by the product owing to its unique properties are expected to further fuel the demand.

Silicone sealants are multi-purpose products which have gained wide acceptance in various applications such as the industrial, and domestic areas. They are solvent free, low-temperature flexibility, fire resistant and have excellent UV stability. In addition, these sealants are also water proof and able to withstand high temperatures. Easy application and the effective end result have augmented its demand in the real-estate industry. They are available in varied forms in order to suit the specific requirements of industries and households.

U.S. silicone sealants in construction market revenue by region, 2014 - 2025 (USD Million)

U.S. silicone sealants in construction market

The growing construction industry has positively impacted the utilization of silicone sealants, which is expected to drive the growth. Various raw materials including polysiloxane and additives & cross-linkers are utilized in the manufacturing process. The market is highly competitive in nature owing to the presence of a large number of established manufacturers, suppliers, and new entrants. The rapidly growing market in the U.S. is pushing key players, such as Wacker Chemie AG and Dow Corning Corporation, to adopt joint venture strategies in an attempt to increase their presence and expand share.

Integration through the entire value chain is projected to be a key element in the market as most of the players are trying to optimize costs and, therefore, backward and forward integration will be essential. Factors such as strong manufacturer-supplier relationships and tie-ups at multiple distribution levels are expected to be critical for companies to gain a competitive advantage over the forecast period.

Silicone sealants are widely used in various end-use industries including building, automotive, and glass. They are manufactured from two important raw materials which comprise siloxane & polysiloxane and additives & cross-linkers. The raw materials have different properties, which are highly essential for manufacturing silicone sealants and combined to impart adhesion, elongation, and thermal resistant properties to the product. The manufacturers ensure to incorporate properties such as resistance to extreme temperature & chemicals, compression, strength, high stretching traits, and tolerance into the end product.

Sector Insights

Industrial dominates the overall market based on sector followed by commercial and residential. Silicone sealants are used in the industrial sector for various purposes including new construction, repair, alteration, restoration, and renovation of factories. They are used for maintenance, design, and installation of several mechanical and structural components. Industrial construction is specialized and thus requires unique expertise. Thus, contractors and builders prefer using a material that is efficient in performance and gives the desired result in lesser timelines.

Stable labor market, rising trends of leasing, easy availability of finances, and accelerated consumer spending are some of the factors which are expected to supplement the demand for the product from the residential sector. Moreover, the expanding housing construction for making more properties available has gained popularity in the U.S., which is, in turn, expected to create lucrative growth opportunities.

Application Insights

Exterior was estimated as the largest segment in 2015, accounting for 59.3% of the revenue share, followed by interior as the second-largest segment. Exterior applications include weather sealing door and window frames, expansion joints in brickwork, glazing, cladding, gutter, and roofing applications. They have an ability to withstand extreme weather and atmospheric conditions. These highly durable sealants seal air and water effectively and also keep the maintenance costs to minimum.

Increasing application areas in internal sanitary ware such as bathroom fittings are expected to drive the overall demand for interior applications in the U.S. silicone sealants market. Increasing infrastructural development in the Southwest regions, particularly in Texas, is predicted to drive the overall growth from 2017 to 2025.

U.S. Silicone Sealants in construction market revenue by application, 2016 (%)

U.S. silicone sealants in construction market

Regional Insights

The Northeast region dominates the overall market in terms of revenue. Major cities of the Northeast U.S. include New York, Boston, Baltimore, Washington DC, Hartford, and Philadelphia. The region is characterized by extensive urbanization, high population, high per capita spending, and high value of construction. The rental properties in these regions are among the highest in the world. The end-user industry is nearing maturity owing to which the region is expected to grow substantially over the forecast period.

The Southwest region is expected to attain the fastest-growth rate over the forecast period from 2017 to 2025. Major cities include Phoenix, El Paso, Las Vegas, Albuquerque, and Tucson. The region has huge growth opportunities owing to the availability of favorable resources for the construction industry. Dallas and Louisiana are among the cities which are characterized by slowly-growing labor expenses.

Competitive Insights

The market is highly competitive and fairly fragmented. Key players are investing in developing newer technologies coupled with forward and backward integration in the value chain. Key participants include Wacker Chemie AG, 3M Company, General Electric Company, Selena Group, and others.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation                                               

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

Northeast, Southeast, Midwest, Southwest, and West

Report coverage             

Revenue forecast, player positioning, competitive landscape, growth factors, and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the U.S. Silicone Sealants in Construction Market on the basis of sector, application and region:

  • Sector Outlook (Revenue, USD Million; 2014 - 2025)

    • Residential

    • Commercial

    • Industrial

  • Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Interior

    • Exterior

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • Northeast

    • Southeast

    • Midwest

    • Southwest

    • West

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