Rising applications in the construction industry coupled with the benefits offered by silicone sealants are supplementing the demand for silicone sealants in the U.S. The U.S. Construction Silicone Sealants Market is expected to reach USD 288.1 million by 2025, according to a new report by Grand View Research, Inc.
The market is expected to witness significant demand on account of growing necessity for the substance in the construction industry. The applications of silicone sealants are growing in the construction industry owing to its utilization in gap fillings, bathrooms & kitchen fittings, and expansion joints. The use of the product in the structural glazing of buildings is also expected to aid the market growth.
Exterior was the largest application category in 2016 and is expected to maintain a comparatively low growth rate over the forecast period. Interior is expected to witness fastest growth rate over the forecast period.
Residential is expected to grow at the fastest rate over the next 8 years with an estimated CAGR of 5.6% from 2017 to 2025. Houston, Dallas, Washington, New York, Austin, Los Angeles, Phoenix, Seattle, Atlanta, and San Antonio are among the fastest-growing cities in terms of residential construction.
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Factors such as sustainable community development, easy access to affordable housing, and government support for home ownership in the U.S. are likely to create favorable opportunities for silicone sealants demand in the construction industry.
Top Players of U.S. Construction Silicone Sealants Market:
Key market participants include Wacker Chemie AG, 3M Company, General Electric Company, CSL Silicones, Inc., and others.
Market Segmentation of U.S. Construction Silicone Sealants Market:
The U.S. Construction Silicone Sealants Market segmented on the basis of Sector, Application, and Region.
By Sector:
Residential
Commercial
Industrial
By Application:
Interior
Exterior
By Region:
Northeast
Southeast
Midwest
Southwest
West
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