SILICONE IN CONSTRUCTION INDUSTRY MARKET ESTIMATED TO REACH $9.2 BILLION
ncreased Use of Silicone in Sealants and Coatings and Excellent Properties of Silicone Products Is Driving Silicone in Construction Industry Market Silicone in Construction Industry Market is expected to be valued at $9.2 billion by the end of the year 2026 after growing at a CAGR of 4.5% during the forecast period from 2021-2026. The increasing government initiatives and investments in the construction sector are vastly driving the silicone in the construction industry. For an instance, the government of India reserved a fund of US$ 14.5 billion for infrastructural and construction activities. The increase in repair and maintenance activities of old buildings and infrastructure is also driving the demand for silicone in the construction industry. Silicone is also used as polysiloxanes, (a type of polymer belonging to fluoropolymers made of siloxane), in sealants, adhesives, lubricants and for thermal and electrical insulation in construction industry. Fluorinated silicones...