India Silicone Sealants for Facades Market Growth Opportunities and Forecast by 2031
Historic Data: 2021-2022 | Base Year: 2023 | Forecast Period: 2024-2031India Silicone Sealants for Facades Market Size and Forecast (2021 - 2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (1 Component Weather Silicone, 2 Component Structural Silicone, and Spacer Tapes)
- Report Date : Oct 2024
- Report Code : TIPRE00039354
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 75
The India silicone sealants for facades market size is projected to reach US$ 102.06 million by 2031 from US$ 51.88 million in 2023; the market is expected to register a CAGR of 8.8% during 2023–2031. The development of renewable silicone sealants is expected to emerge as a significant future trend in the India silicone sealants for facades market
India Silicone Sealants for Facades Market Analysis
Silicone sealants are used in the expansion, construction, connection, and movement of joints to ensure the stability of structural materials. Silicone sealants improve the durability of building structures, allowing materials to absorb stress and movement caused by uncertain climatic conditions. They also offer energy efficiency to the buildings and provide a barrier against air, dust, and sound. Silicone sealants are used for several applications, such as glass bonding, ceramic bonding, and crack repair. The growing residential and commercial construction activities create demand for construction services, chemicals, and materials. According to Invest India, the construction industry was the leading recipient of Foreign Direct Investment (FDI) in the country. The FDI in the construction development (townships, housing, built-up infrastructure, and construction development projects) sector accounted for US$ 26.54 billion between April 2000 and December 2023, as per the India Brand Equity Foundation. Thus, growing residential and commercial construction drives the market.
India Silicone Sealants for Facades Market Overview
Silicone sealants are an important material in the building & construction industry, offering numerous advantages for sealing and bonding applications. Various advantages of silicone sealants are excellent weather resistance, superior flexibility, exceptional adhesion to various substrates, and good resistance to moisture and chemicals, among others. Silicone sealants have excellent adhesion to a wide range of substrates, including glass, metal, concrete, wood, and plastics. This versatility allows silicone sealants to be used in sealing joints, bonding materials, and adhering components.
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India Silicone Sealants for Facades Market: Strategic Insights
India Silicone Sealants for Facades Market
-
Market Size 2023
US$ 51.88 Million
-
Market Size 2031
US$ 102.06 Million
Market Dynamics
GROWTH DRIVERS
- Growing Residential and Commercial Construction
- Government Schemes to Foster Construction Industry in India
FUTURE TRENDS
- Development of Renewable Silicone Sealants
OPPORTUNITIES
- Strategic Initiatives by Key Market Players
Regional Overview
- India
Market Segmentation
Type
- 1 Component Weather Silicone
- 2 Component Structural Silicone
- Spacer Tapes
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
India Silicone Sealants for Facades Market: Strategic Insights
-
Market Size 2023
US$ 51.88 Million -
Market Size 2031
US$ 102.06 Million
Market Dynamics
- Growing Residential and Commercial Construction
- Government Schemes to Foster Construction Industry in India
- Development of Renewable Silicone Sealants
- Strategic Initiatives by Key Market Players
Regional Overview
- India
Market Segmentation
Type - 1 Component Weather Silicone
- 2 Component Structural Silicone
- Spacer Tapes
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
India Silicone Sealants for Facades Market Drivers and Opportunities
Government Schemes to Foster Construction Industry in India
The Government of India has taken several initiatives and investments in the construction sector over the past few years. Under the Union Budget 2023, the government sanctioned an annual urban infrastructure development fund of ~US$ 1,200 million to create urban infrastructure in tier 2 and tier 3 cities. Moreover, in the Interim Budget 2024–2025, the government announced initiatives to boost the housing sector of India, enhancing its affordability. Under the Interim Budget 2024-25, the government announced US$ 9.3 billion to the Ministry of Housing and Urban Affairs. As part of the PM Awas Yojana (Grameen), the construction of an additional 20 million houses is to be taken up in the next five years. Thus, the rising number of government schemes and policies to foster the construction industry fuels the India silicone sealants for facades market growth.
Strategic Initiatives by Key Market Players
Key manufacturers operating in the market invest significantly in strategic development initiatives such as product innovation, business expansion, and research and development to enhance their market position and attract a wide customer base. In March 2023, Dow expanded its product portfolio with silicone sealant products to offer photovoltaic (PV) module assembly materials, supporting the global movement toward renewable energy. The DOWSIL PV product line contains six silicone-based sealants and adhesives solutions that offer durability and enhanced performance for frame sealing, rail bonding, junction box bonding and potting, and building integrated photovoltaics (BIPV) installation materials. Thus, strategic initiatives by key market players are expected to create lucrative opportunities in the market during the forecast period.
India Silicone Sealants for Facades Market Report Segmentation Analysis
A key segment that contributed to the derivation of the India silicone sealants for facades market analysis is the type.
- Based on type, the market is segmented into 1 component weather silicone, 2 component structural silicone, and spacer tapes. The 1 component weather silicone segment dominated the market in 2023.
India Silicone Sealants for Facades Market Report Scope
Report Attribute
Details
Market size in 2023
US$ 51.88 Million
Market Size by 2031
US$ 102.06 Million
Global CAGR (2023 - 2031)
8.8%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Type - 1 Component Weather Silicone
- 2 Component Structural Silicone
- Spacer Tapes
Regions and Countries Covered
India- India
Market leaders and key company profiles
Shin-Etsu Chemical Co Ltd Dow Inc Momentive Performance Materials Inc Tremco CPG Inc Sika AG HB Fuller Co Arkema SA Elkem ASA Mapei SpA Alstone Industries Pvt Ltd.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 51.88 Million |
| Market Size by 2031 | US$ 102.06 Million |
| Global CAGR (2023 - 2031) | 8.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | India
|
| Market leaders and key company profiles |
India Silicone Sealants for Facades Market News and Recent Developments
The India silicone sealants for facades market is evaluated by gathering qualitative and quantitative data from post-primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the India silicone sealants for facades market are listed below:
- Dow Chemical International Private Limited (Dow India) and Glass Wall Systems India signed an agreement for Dow to supply DOWSIL Facade Sealants from Dow's Decarbia portfolio of reduced-carbon solutions for Glass Wall System's curtain wall system. (Source: Dow, Company Website, May 2024)
- Sika opened a new technology center and manufacturing plant for high-quality adhesives and sealants in Pune, India. Developments at the new research laboratories and the production in the new plant are aimed at meeting the rapidly growing demand in the Indian market. On its three new production lines, Sika will manufacture products for the transportation, construction, and renewable energy sectors. (Source: Indian Chemical News, Company Website, December 2021)
India Silicone Sealants for Facades Market Report Coverage and Deliverables
The “India Silicone Sealants for Facades Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- India silicone sealants for facades market size and forecast for all the key market segments covered under the scope
- India silicone sealants for facades market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- India silicone sealants for facades market analysis covering key market trends, country framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the India silicone sealants for facades market
- Detailed company profiles
Frequently Asked Questions
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - India Silicone Sealants for Facades Market
- Shin-Etsu Chemical Co Ltd
- Dow Inc
- Momentive Performance Materials Inc
- Tremco CPG Inc
- Sika AG
- HB Fuller Co
- Arkema SA
- Elkem ASA
- Mapei SpA
- Alstone Industries Pvt Ltd.
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