India Silicone Sealants for Facades Market is expected to reach US$ 102.06 Million by 2031

Growing Residential and Commercial Construction to Bolster India Silicone Sealants for Facades Market Growth  

According to our latest market study on “India Silicone Sealants for Facades Market Size and Forecast to 2031 – Country Analysis – by Type,” the market was valued at US$ 51.88 million in 2023 and is projected to reach US$ 102.06 million by 2031; it is anticipated to record a CAGR of 8.8% from 2023 to 2031. The report includes growth prospects along with the India silicone sealants for facades market trends and their foreseeable impact during the forecast period.

Silicone sealants are used as building materials owing to their numerous properties, such as durability, moisture resistance, and deterioration resistance. This type of sealant is utilized in construction, connection, and movement joints to ensure the structural integrity of materials. Silicone sealants help commercial and residential buildings perform better by sealing out water, humidity, and UV rays. These sealants also add flexibility to building structures, allowing materials to absorb stress and movement caused by wind or earthquakes. They also make them more energy efficient by preventing humidity and hot or cold air from coming inside through joints and cracks. Silicone sealants are also used across a wide range of substrates, such as ceramics, granite, plastic, glass, and aluminum. A surge in construction activities in India is driven by continuous urbanization, population increase, middle-class population’s income growth, and infrastructural developments. The Government of India is also planning to develop a single-window clearance facility to accelerate the process of approval of construction projects to boost the construction business in the country. These factors collectively contribute to the strong growth of the construction industry in India, driving the demand for sealants.

India Silicone Sealants for Facades Market 

The India silicone sealants for facades market report emphasizes the key factors driving the market. According to the National Investment Promotion & Facilitation Agency report, ~40% of the population of India is expected to live in urban areas by 2025. This trend is expected to boost residential construction in the country's urban areas. As per the United Nations, the population of India will be 1.64 billion by 2047, of which ~50% are likely to reside in urban areas. With the continuously growing population, the demand for residential and commercial spaces is increasing in India. BCD Group received ~US$ 120 million worth of projects in FY2024, a rise of 30% compared to the same period in 2023. The projects include residential and commercial construction, as well as the construction of premium properties in business districts of India. As per the India Brand Equity Foundation, luxury home sales in the country surged by 75%, doubling their share in total housing sales in 2023. Thus, growing residential and commercial construction fuels the India silicone sealants for facades market growth.

India Silicone Sealants for Facades Market: Trends

Stringent government regulations pertaining to the utilization of toxic chemicals have encouraged many market players to develop nontoxic alternatives and green products. The rising demand for renewable materials has prompted manufacturers to develop renewable silicone sealants for various applications. In 2020, WACKER Chemie AG introduced biomethanol-based silicone sealing compounds under the brand name—ELASTOSIL eco. The nonrenewable raw materials required for production are replaced by sustainable biomass, thereby making this product the first generation of sealant manufactured without petrochemical compounds. The global transition towards sustainability and circular economy is leading to research and development for novel sustainable sealants in India. Thus, the development of renewable silicone sealants is expected to become a significant trend in India silicone sealants for facades market over the coming years.

Based on type, the India silicone sealants for facades market is segmented into 1 component weather silicone, 2 component structural silicone, and spacer tapes. The 1 component weather silicone segment accounted for the largest India silicone sealants for facades market share in 2023. 1 component weather silicone sealants are widely preferred in various construction applications. These sealants cure upon exposure to moisture and air. It offers excellent adhesion, flexibility, UV resistance, and the ability to withstand extreme weather conditions. Increasing demand in the construction industry and advancement in product formulations positively impact the demand for 1 component weather silicone sealants. These sealants are used in sealing windows, joints, doors, and roofs. The rising focus on sustainability and energy efficiency in construction applications also fuels the need for 1 component weather silicone sealants in India. Further, 2 component structural silicone sealants are also one of the major segments in the market. 2 component structural silicone sealants offer robust performance in structural glazing, curtain wall assemblies, and insulating glass units, where strong and durable bonds are required. These sealants are used in curtain wall applications to create a weatherproof barrier that can withstand movement caused by thermal expansion and wind load. These silicone sealants have fast curing times and the ability to bond over a wide range of materials such as metal, glass, and plastics. There is a growing trend of construction of energy-efficient buildings, which incorporate advanced architectural designs featuring extensive use of glass and metal panels. This fuels the demand for 2 component structural silicone in India.

The India silicone sealants for facades market report includes an analysis carried out by identifying and evaluating key players in the market. A few of the key players in the India silicone sealants for facades market include 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, and Alstone Industries Pvt Ltd. The market players offer innovative products at affordable prices that attract a large number of consumers, which is likely to open new opportunities for them in the coming years. The India silicone sealants for facades market forecast can help stakeholders plan their growth strategies. In December 2021, 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. Further, in May 2024, 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.

The India silicone sealants for facades market involves the segmentation of the market based on:

The India silicone sealants for facades market analysis is based on type. The type segment is further segmented into 1 component weather silicone, 2 component structural silicone, and spacer tapes. Based on type, the 1 component weather silicone segment is estimated to hold a significant India silicone sealants for facades market share by 2030.  1 component weather silicone sealants are widely preferred in various construction applications. 1 component weather silicone sealants are widely preferred in various construction applications. These sealants cure upon exposure to moisture and air. It offers excellent adhesion, flexibility, UV resistance, and the ability to withstand extreme weather conditions.

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