Construction Sector Remains Key Market for Silicone Sealants
Multiple trends are anticipated to help silicone sealants experience strong demand from the construction industry through 2027.
Silicone sealants offer excellent chemical and thermal stability while also providing energy savings, which helps in lowering greenhouse gas emissions. The global silicone sealants market is projected to register a CAGR of 4.2% from 2019-2027, according to a report from Trends Market Research.
The construction sector is one of the major drivers of the silicone sealants market. Strong economic growth and increasing per capita incomes among consumers in developing countries have resulted in increased demand for construction projects—and thus silicone sealants—in these regions. In addition, silicone sealants are reportedly seeing increasing demand in the construction industry due to their superior characteristics when compared to other sealant chemistries, such as polyurethane, polysulfide, and acrylic.