Status : Published Published On : Apr, 2019 Report Code : VRCH2072 Industry : Chemicals & Materials Available Format : Page : 183

Global Silane Market – Analysis and Forecast (2014–2024)

Industry Insights by Application (Rubber & Plastics, Fiber Treatment, Adhesives & Sealants, Paint & Coatings, and Others), by Type (Functional Silanes [Alkyl, Sulfur, Amino, Vinyl, Epoxy, Methacrylate], and Mono/Chloro Silanes)

Industry Overview

The global silane market was valued at USD 1,669.6 million in 2018 and is expected to grow at a CAGR of 4.8% during the forecast period. Silanes are originated from a silicion-based compound that comprises of approximately four inorganic or organic substituent clusters, which is attached with an essential silicon atom. The product offers several advantages to its users such as exceptional water repellence, UV stability, long term durability, high dilution capability and stability and neutral appearance. Silanes are rapidly being utilized as a promoter of adhesion that helps in improving temperature, chemical resistance and moisture.

Silane Market Highlights

Market Segmentation

Insight by Application

On the basis of application, silane market is segmented into rubber & plastics, adhesives & sealants, fiber treatment, paint & coatings, and others. Among all the applications, paints and coatings were the largest application area in the global silane market in 2018 and due to its widespread use in various industries such as automobiles, buildings, electronics, and machinery.

Insight by Type

Based on type, silane market is segmented into two types’ mono/chloro silanes and functional silanes. The functional silanes are further sub-segmented into sulfur silanes, vinyl silanes, amino silanes, epoxy silanes, alkyl silanes, and methacrylate silanes. Mono/Chloro silane segment is estimated to witness the highest CAGR during the forecast period. These silanes are expansively being used in integrated circuits, electrical & electronics, flat panel displays and photovoltaic. Mono/Chloro silane is rapidly being used as defensive representatives for intermediates in the process of synthesis of silanes & siloxanes along with pharmaceutical syntheses. Moreover, the increasing flat panel displays industries, electronics & electrical industries and expanding the emphasis on solar source as renewable energy in emerging economies are further expected to drive the growth this segment in the near future.

Industry Dynamics

Growth Drivers

The increasing emphasis upon fuel efficiency, enhanced regulatory compliances, rapid demand for water-based coating formulations and mounting automotive and building & construction industries are the major factors driving the growth of the silane market globally. It has been observed that the product is extensively been used in automotive rubber in order to advance its properties, for instance, rolling resistance, abrasion resistance, compression and compound modulus.

Moreover, in the recent past, it has been observed that the extensive growth in the building & construction industry has further ensued rapid increase in demand for the product pertaining to paints & coatings application. Furthermore, the demand for this product is strengthening due to increasing expenditure on developmental activities in BRIC countries. According to a recent report, it has been studied that the growing environmental responsiveness in developed economies such as North America and Europe has stimulated the use of water-based coatings due to certain benefits observed from the product as it is toxic free. Additionally, emerging economies are expected to observe rapid demand for waterborne coatings due to harmful environmental effects observed on solvent-based coatings. Moreover, due to enhanced performance efficiencies the market is expected to witness accelerating demand for silanes-based waterborne coatings during the forecast period.

Challenges

It has been observed from a recent report by National Fire Protection Association (NFPA), that the silane product is a hazardous chemical and there are several safety reforms established that are required to be adhered to in order to use this product. Moreover, the increasing demand for environment-friendly resources is expected to further hinder the growth of global silane market during the forecast period.

Industry Ecosystem

Globally industry players are leveraging market growth through research & development that is used in developing innovative applications for the product. The increasing technological upgradation and upsurge has attributed towards its increasing usage in semiconductors and healthcare industry. Several manufacturers are concentrating on the fabrication of monosilane from silicon tetrachloride.

Geographic Overview

Geographically, in 2017 Asia-Pacific contributed the largest revenue due to increasing application of silane in construction and automotive industries in the region. Moreover, rapid economic growth in developing economies such as India, China, and Southeast Asian countries has considerably strengthened the product demand in several industries. The extensive demand in various sectors such as plastics, rubbers and paints & coatings are further expected to drive the growth of silane in the near future.

Moreover, North America was the second-largest consumer of silane in the global market. Furthermore, increasing inclination of customer towards waterborne coatings has driven the demand for the product in several countries such as the U.S. and Canada. It has been observed that the demand for fuel-efficient cars in this region is further bolstering the demand for silanes-based tires in the automotive sector.

Competitive Insight

The key industries players are adopting integrated operations across manufacturing components and raw materials of the value chain, due to their increasing interference in the manufacturing of silicone. Key players operating in the global silane market are Evonik Industries, Shin-Etsu Chemical Co., Ltd., Gelest, Inc., Jingzhou Jianghan Fine Chemical Co. Ltd., Wacker Chemie AG, Nanjing Union Silicon Chemical Co., Ltd, DowDuPont Inc., NEOCHEMA GmbH, SiSiB SILICONES, Hubei Wuda Organic Silicon New Material Co. Ltd., Momentive Performance Materials Holdings Inc., Gantrade Corporation, Qufu Chenguang Chemical Co. Ltd., and Tokyo Chemical Industry Co., Ltd.

PRIMARY RESEARCH INTERVIEWS – BREAKDOWN

Silane Market Analysis

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle