MarketsandMarkets projects that the silicone structural glazing market size will grow from USD 28.69 Billion in 2017 to USD 43.95 Billion by 2022, at a CAGR of 8.90% from 2017 to 2022. Increase in industrial and commercial construction activities along with technological advancements in the glass industry is the major factor driving the silicone structural glazing market.
The key players in the silicone structural glazing are Asahi Glass Co., Ltd (Japan), Guardian Glass (US), Nippon Sheet Glass Co. Ltd. (Japan), and Saint-Gobain SA (France). These players adopted various strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions & investments, and new product launches are some of the major strategies adopted by the market players to achieve growth in the silicone structural glazing market.
The silicone structural glazing market witnessed several expansions and acquisitions in the past by key players in order to expand their geographical footprint and improve their distribution network through means of organic and inorganic growth strategies
Nippon Sheet Glass Co. Ltd. announced to upgrade its technology and manufacturing units at its automotive glass plant in Versailles, Kentucky, US. This project is scheduled to start this spring, where USD 7.5 million investments would utilize the most modern Advanced Press Bend (APB) process for laminated windshields in 2017.
In the same year, the company announced an agreement with ENTEK International (US/UK) and the Separindo (Indonesia). PT ENTEK Separindo Asia was a joint venture established by the two companies for the manufacture and sales of polyethylene (PE) separators for lead-acid batteries. This strategic alliance undertaken to pursue the enhancement of manufacturing technology was a part of NSG Groupís effort to become a value-added glass company.
In 2016, the company announced to install a new high-performance press bending line at the Maizuru plant in Kyoto, Japan for automotive windshields, applying its proprietary technologies.
In 2014, Nippon Sheet Glass Co. Ltd. announced a successfully developed new composition of thin glass that can be chemically tempered for the protective cover glass applications for tablets, PCs, and other electronic devices.
Asahi Glass Co., Ltd invested about USD 174.8 million to relocate a float furnace and mirror manufacturing facility from the Jakarta Plant to the Cikampek Plant (PT Asahimas Flat Glass) in 2017. The float furnace for the manufacturing of architectural glass and mass production is scheduled to commence in 2019.
In 2015, Asahi Glass Co., Ltd increased its production capacity of solar control Low-E glass in Thailand by 50%. The investment will not only enhance the production efficiency of the facility but also allow the production of higher-performance glass products. The production began at the Samut Prakan Plant of AGC Flat Glass Thailand Public Co., Ltd. (AFT) in the first quarter of 2016.
In 2016, AGC Automotive Europe, a member of the AGC Group, signed an agreement with Induver Holding (Morocco), a glass manufacturer in Morocco. The companies were to set up a joint venture for manufacturing automotive glass. The establishment of this production base marked AGC Groupís first operations in North Africa. In 2013, Asahi Glass Co., Ltd acquired Nord Glass Company (Poland) from Polish Enterprise Fund VI (PEF VI), a private equity fund managed by Enterprise Investors through AGC Automotive Europe.
Silicone Structural Glazing Market by Type (Four-Sided Structural, Two-Sided Structural, Total Vision Systems), Material (Aluminum Structural Framing, Glass Panel, Silicone Sealant), End Use (Commercial, Public), and Region - Global Forecast to 2022
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