PUBLISHER: Grand View Research | PRODUCT CODE: 1474967
PUBLISHER: Grand View Research | PRODUCT CODE: 1474967
The global silicone structural glazing market size is anticipated to reach USD 80.68 billion by 2030, registering a CAGR of 7.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The flourishing construction industry in developing economies, such as China and India, is expected to fuel the demand for innovative building materials, with silicone structural glazing offering a combination of aesthetic appeal, energy efficiency, and durability. Moreover, technological advancements in the silicone industry have led to improved performance characteristics, including enhanced strength and weather resistance, further driving the adoption of silicone structural glazing in commercial applications.
In addition, stringent building regulations and standards emphasizing safety, energy efficiency, and environmental sustainability are likely to lead to a shift towards silicone structural glazing solutions, contributing to the industry's rapid expansion. The market for silicone structural glazing is anticipated to be hampered by stringent regulatory environments and building codes, which can vary significantly across different regions and countries. Compliance with these regulations often requires extensive testing, certification, and documentation, adding complexity and cost to the manufacturing and installation processes.
Moreover, stringent regulations related to safety, environmental impact, and performance standards may limit the types of projects or applications where silicone structural glazing can be used, thus constraining market growth. However, the market presents several opportunities for growth and expansion that include a rising emphasis on sustainable building practices and green construction. It presents a significant opportunity for silicone structural glazing, as it offers energy-efficient solutions that contribute to LEED certification and other sustainability standards. In addition, the trend of modern and aesthetically pleasing building designs, characterized by large glass facades & curtain walls, boosts the demand for silicone structural glazing systems.
Prominent players in the market are opting for various strategies to increase their industry share. These players are focusing on product innovation and R&D to continuously improve the performance and features of their silicone glazing solutions, thereby meeting the evolving needs and preferences of customers. Moreover, strategic partnerships and collaborations with architects, developers, and construction firms enable them to secure large-scale projects and strengthen their market presence. In November 2023, Saugaat Inc. announced its partnership with international brand Elkem India, a manufacturer of silicon and carbon-based material. With this partnership, the former aspires to reinvent the architectural landscape, transforming structures into symbols of sustainability and growth.