PUNE, India, September 27, 2017 /PRNewswire/ --
The silicone structural glazing market size is estimated to grow from $28.69 billion in 2017 to $43.95 billion by 2022 at a CAGR of 8.90% driven by the advancements in technology, the rising demand for advanced facade systems, the growth of the commercial, public, and residential buildings sectors, along with the rising need for green buildings according to ReportsnReports.com.
Browse 139 Market Data Tables and 31 Figures spread through 186 Pages and in-depth TOC on "Silicone Structural Glazing Market Global Forecast to 2022" http://www.reportsnreports.com/reports/1196592-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-an-st-to-2022.html .
The Asia Pacific silicone structural glazing market is projected to be the fastest-growing during the forecast period. Asia Pacific is projected to be the fastest-growing market for silicone structural glazing, in terms of value and volume, followed by Europe, the Middle East & Africa, and North America. The growth in the Asia Pacific market is attributed to the increase in usage of silicone structural glazing in end-use sectors such as commercial, public, and residential buildings. China is projected to be the fastest-growing country-level market in the region for silicone structural glazing. The growth in the building &construction industry coupled with the rising need for green buildings has resulted in the rise in demand for silicone structural glazing in the region.
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. (China).
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The commercial sector is projected to dominate the silicone structural glazing market through 2022. 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 demand for glass facade systems along with growing need for green buildings. The newly developed advanced glass demand additional improvements in facade technologies and successfully installation, which will, in turn, drive the silicone structural glazing market growth through the sector.
The silicone structural glazing market has opportunities owing to the increase in R&D activities by companies to reduce costs and improve the quality of glass and other raw materials and the rise in investments in the building & construction sector, which will drive the demand for glass facade systems. In contrast, factors such as government regulations for carbon emissions and high capital investments required restrain the growth of the market.
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Primary interviews were conducted with a number of industry experts in order to collect data related to different aspects of the silicone structural glazing market. Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources included manufacturers, distributors, consultants, and academic professionals. The distribution of primary interviews is as follows:
- By Company Type: Tier 1 - 35%, Tier2 - 30%, and Tier 3 - 35%
- By Designation: Manager Level - 39%, and Director Level - 61%
- By Region: Asia-Pacific - 51%, Europe - 21%, North America - 15%, Middle East & Africa - 8%, and South America - 5%.
Note: Tier 1: Revenue > USD 5 billion, Tier 2: Revenue < USD 5 billion, Tier 3: Revenue < USD 2 billion
The segmentation considered for this report is based on type, material, end use, and region, which constitute the key markets. The report covers detailed information regarding the major factors influencing the growth of the silicone structural glazing market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, and recent developments associated with the silicone structural glazing market.
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