APAC Construction Silicones Market - Focused Insights 2023-2028

Published Date :  OCT 2023

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Stay a step ahead in the rapidly evolving APAC construction silicones market. Delve deep into the landscape of emerging players, harnessing their potential strengths to craft superior counter strategies. With a comprehensive understanding of the competitive terrain, sculpt effective sales and marketing strategies by evaluating competitor performance.

The Asia-Pacific (APAC) construction silicones market, amidst its flourishing construction milieu, stood robustly at $1.50 billion in 2022 and is set to escalate to a valuation of $2.32 billion by 2028, tracing a CAGR of 7.51%. A pivotal growth accelerator is the sealants segment, which is witnessing a surge at an 8.79% CAGR, invigorated by an increased appetite for waterproofing and exemplary construction materials, especially in the era of a high-rise construction renaissance. Concurrently, there's an upswing in sealing applications, with a growth rate of 9.02% CAGR, spurred by the swelling demand for energy-efficient edifices, infrastructural innovations, and the metamorphosis of residential spaces. The public & commercial infrastructure segment isn't far behind, recording an 8.00% CAGR growth, fanned by an influx of infrastructural undertakings and the allure of high-rise structures.

Modern architectural predilections across pivotal APAC nations, coupled with an inclination towards superior building materials for tasks like waterproofing and insulation, are charting the market's trajectory. Additionally, the towering ambition of constructing structures such as China's anticipated Sky City further accentuates this trend. The region's substantial infrastructure chasm, necessitating a colossal over $1.7 trillion in annual investments until 2030, is further evidence of the market's growth potential, with initiatives like India's substantial $2.3 billion allotment for metro ventures in 2023 underscoring the same.

Yet, the path isn't devoid of hurdles. The industry grapples with rising apprehensions surrounding volatile organic compounds (VOC) and their detrimental ramifications on health and the environment, pressing for a transition towards low VOC-centric products, which could potentially decelerate growth.

This effervescent market arena is bracing for amplified competition. Existing industry behemoths are steadfastly channeling investments into groundbreaking innovations, and the impending entry of new market players is poised to further stoke competitive fervor. Dominating this vibrant marketplace are formidable entities like Dow, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., and Evonik Industries AG.

To encapsulate, the APAC construction silicones market, with its dynamic and propitious growth trajectory, steered by the region's construction sector renaissance and voracious demand for high-grade materials, beckons a plethora of opportunities for industry stakeholders.

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Summary

  • The APAC construction silicone market was valued at $1.50 billion in 2022 and is expected to reach $2.32 billion by 2028, growing at a CAGR of 7.51% during the forecast period.
  • The APAC construction silicones market is growing significantly due to the growing popularity of green building practices, rising demand for high-performance construction materials, increasing demand for waterproofing solutions, the rising popularity of modern architecture, improved performance boosts demand for silicone-based coatings & paints, a high-rise construction boom, increasing construction activities in the residential sector, and increasing infrastructure development activities.
  • The increasing private sector and government investment in infrastructure development in APAC leads to the demand for construction silicones in APAC during the forecast period.
  • In the APAC construction silicones market, the commercial sector is the largest market for energy-efficient buildings. The demand for modern architecture and high-rise buildings leads to the demand for silicone sealants for sealing & glazing applications.
  • Dow, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Momentive Performance Materials, Elkem, and Evonik Industries AG are the leading players and have strong market penetration. Vendors such as Pidilite Industries Limited, Bondzil, Aica Kogyo Co. Ltd., BASF SE, 3M, Astral, Soudal Group, Henkel AG & Co. KG, Daikin Industries Ltd., Sika AG, and others are the prominent players in the market with a noteworthy presence.
  • With rising demand for green building practices across the APAC region and increasing population, there is significant demand for new buildings and homes. It will increase the demand for construction silicones to reduce energy loss and protection from weather conditions.
  • Increasing natural disasters like earthquakes and tsunamis in APAC countries demand high quality and more lifespan of construction, which is growing significantly. Thus, there is a demand for high-quality construction materials. It may increase the demand for silicone sealants and adhesives during the forecast period.
  • Silicone sealants have three times longer lifespans as compared to other sealants. Thus, it will increase the growth of silicone sealants in the construction sector in APAC during the forecast period.

THE FOLLOWING MARKET SEGMENT ANALYSIS IS INCLUDED IN THIS REPORT

SEGMENTATION & FORECAST

  • Product Market Insights (2022-2028)
  • Sealants
  • Adhesives
  • Coatings
  • Others
  • Application Market Insights (2022-2028)
  • Roofing
  • Sealing
  • Flooring
  • Others
  • End-User Market Insights (2022-2028)
  • Public & Commercial Infrastructure
  • Residential
  • Industrial

MARKET STRUCTURE 

  • Market Dynamics
  • Competitive Landscape of the APAC Construction Silicones Market
  • Key Vendors
  • Other Prominent Vendors 

APPENDIX

  • Research Methodology
  • Abbreviations
  • About Arizton 

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APAC Construction Silicones Market Focused InsightsDOWNLOAD SAMPLE

Please Note : Arizton critically analyzes the industry and market sectors to provide reliable and valuable market intelligence. The research-based knowledge empowers clients to formulate intelligent strategies, resulting in creative, cost-effective, and efficient execution.

Table Of Contents

  • Executive Summary
  • Key Findings
  • Key Developments

  • Product Market Insights (2022-2028)
  • Sealants
  • Adhesives
  • Coatings
  • Others
  • Application Market Insights (2022-2028)
  • Roofing
  • Sealing
  • Flooring
  • Others
  • End-User Market Insights (2022-2028)
  • Public & Commercial Infrastructure
  • Residential
  • Industrial
  • Market Overview: Key Countries (2022-2028)
  • China
  • India
  • Japan
  • South Korea
  • Indonesia

  • APAC Construction Silicones Market Drivers
  • APAC Construction Silicones Market Trends
  • APAC Construction Silicones Market Constraints

  • APAC Construction Silicones - Competitive Landscape
  • APAC Construction Silicones - Key Players
  • APAC Construction Silicones - Key Company Profiles

  • Research Methodology
  • Abbreviations
  • Arizton

Exhibit 1: APAC Construction Silicones Market ($ BN)

Exhibit 2: APAC Construction Silicones Market by Countries 2022–2028 ($ BN)

Exhibit 3: APAC Construction Silicones Market in China ($ BN)

Exhibit 4: APAC Construction Silicones Market in India ($ BN)

Exhibit 5: APAC Construction Silicones Market in Japan ($ BN)

Exhibit 6: APAC Construction Silicones Market in South Korea ($ BN)

Exhibit 7: APAC Construction Silicones Market in Indonesia ($ BN)

Exhibit 8: APAC Construction Silicones Market by Sealants ($ BN)

Exhibit 9: APAC Construction Silicones Market by Adhesives ($ BN)

Exhibit 10: APAC Construction Silicones Market by Coatings ($ BN)

Exhibit 11: APAC Construction Silicones Market by Others ($ BN)

Exhibit 12: APAC Construction Silicones Market by Roofing ($ BN)

Exhibit 13: APAC Construction Silicones Market by Sealing ($ BN)

Exhibit 14: APAC Construction Silicones Market by Flooring ($ BN)

Exhibit 15: APAC Construction Silicones Market by Others ($ BN)

Exhibit 16: APAC Construction Silicones Market by Public & Commercial Infrastructure ($ BN)

Exhibit 17: APAC Construction Silicones Market by Residential ($ BN)

Exhibit 18: APAC Construction Silicones Market by Industrial ($ BN)

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Frequently Asked Questions

In 2022, the APAC construction silicones market was valued at $1.50 billion.

By 2028, the market is anticipated to reach $2.32 billion.

The market is projected to grow at a CAGR of 7.51% during the forecast period.

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